Offerpad Solutions Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	-46.38	-62.16	-117.22	-148.61	6.46
Depreciation & Amortization	0.98	0.61	0.73	1.02	0.52
Stock-Based Compensation	2.83	8.08	7.92	8.31	3.08
Other Adjustments	6.46	6.12	11.16	73.24	1.05
Change in Receivables	-4.09	6.09	-7.59	3.82	-3.85
Changes in Inventories	109.41	57.85	379.26	374.06	-949.59
Changes in Accounts Payable	-0.26	-3.02	0.3	-1.75	4.13
Changes in Accrued Expenses	-4.21	2.81	-16.66	-4.4	21.56
Changes in Other Operating Activities	2.08	4.45	3.73	-0.28	-5.29
Operating Cash Flow	66.81	20.83	261.63	305.4	-921.92
Operating Cash Flow Growth	220.69%	-92.04%	-14.33%	-	-
Capital Expenditures	-1.08	-5.41	-0.13	-1.07	-13.69
Sale of Property, Plant & Equipment	0.02	0.08	-	-	-
Other Investing Activities	-	-	2.11	-	2.03
Investing Cash Flow	-1.06	-5.33	1.99	-1.07	-11.66
Short-Term Debt Issued	15	-	25.19	-	-
Short-Term Debt Repaid	-	-	-25.19	-	-
Net Short-Term Debt Issued (Repaid)	15	-	-	-	-
Long-Term Debt Issued	416.59	807.93	875.56	3,178	2,764
Long-Term Debt Repaid	-576.23	-829.46	-1,287	-3,540	-1,913
Net Long-Term Debt Issued (Repaid)	-159.64	-21.54	-411.24	-362.43	851.23
Issuance of Common Stock	36.43	0.03	90.06	4.9	284.91
Repurchase of Common Stock	-0.2	-0.08	-0.08	-0.29	-
Net Common Stock Issued (Repurchased)	36.23	-0.04	89.99	4.61	284.91
Other Financing Activities	-2.8	-0.24	-2.73	-0.65	-58.88
Financing Cash Flow	-111.21	-21.82	-323.98	-358.47	1,077
Net Cash Flow	-45.46	-6.31	-60.37	-54.13	143.69
Free Cash Flow	65.73	15.43	261.51	304.33	-935.61
Free Cash Flow Growth	326.13%	-94.10%	-14.07%	-	-
FCF Margin	11.58%	1.68%	19.90%	7.70%	-45.19%
Free Cash Flow Per Share	2.12	0.56	9.91	18.62	-97.99
Levered Free Cash Flow	-84.1	-26.4	-161.23	-143.46	-84.66
Unlevered Free Cash Flow	73.21	11.23	262.67	239.96	-923.09

Updated Dec 31, 2025. Data Source: Fiscal.ai. Real Estate template. Financial Sources.

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