OPAD
Income statement / Annual
Last year (2023), Offerpad Solutions Inc.'s total revenue was $1.31 B,
a decrease of 66.74% from the previous year.
In 2023, Offerpad Solutions Inc.'s net income was -$117.22 M.
See Offerpad Solutions Inc.’s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
FY-2018
|
| Period Ended |
12/31/2023 |
12/31/2022 |
12/31/2021 |
12/31/2020 |
12/31/2019 |
12/31/2018 |
| Operating Revenue |
$1.31 B
|
$3.95 B
|
$2.07 B
|
$1.06 B
|
$1.08 B
|
$855.96 M
|
| Cost of Revenue |
$1.24 B |
$3.77 B |
$1.86 B |
$976.48 M |
$1.00 B |
$790.10 M |
| Gross Profit |
$70.18 M |
$182.42 M |
$207.82 M |
$87.78 M |
$74.39 M |
$65.86 M |
| Gross Profit Ratio |
0.05 |
0.05 |
0.1 |
0.08 |
0.07 |
0.08 |
| Research and Development
Expenses |
$7.95 M
|
$12.09 M
|
$10.86 M
|
$7.27 M
|
$7.45 M
|
$3.72 M
|
| General & Administrative
Expenses |
$50.09 M
|
$58.72 M
|
$30.32 M
|
$17.48 M
|
$15.11 M
|
$11.55 M
|
| Selling & Marketing
Expenses |
$116.56 M
|
$238.93 M
|
$146.87 M
|
$76.79 M
|
$85.23 M
|
$14.70 M
|
| Selling, General &
Administrative Expenses |
$166.65 M
|
$297.65 M
|
$177.19 M
|
$94.27 M
|
$100.34 M
|
$76.25 M
|
| Other Expenses |
$0.00 |
$1.53 M |
$248,000.00 |
$834,000.00 |
$0.00 |
$0.00 |
| Operating Expenses |
$174.59 M |
$309.74 M |
$188.05 M |
$101.54 M |
$107.79 M |
$79.96 M |
| Cost And Expenses |
$1.42 B |
$4.08 B |
$2.05 B |
$1.08 B |
$1.11 B |
$870.06 M |
| Interest Income |
$0.00 |
$45.99 M |
$15.85 M |
$10.03 M |
$18.30 M |
$18.33 M |
| Interest Expense |
$18.86 M |
$45.99 M |
$15.85 M |
$10.03 M |
$18.30 M |
$0.00 |
| Depreciation &
Amortization |
$728,000.00
|
$1.02 M
|
$523,000.00
|
$434,000.00
|
$377,000.00
|
$192,000.00
|
| EBITDA |
-$97.47 M
|
-$101.24 M
|
$23.00 M
|
-$12.49 M
|
-$33.02 M
|
-$13.91 M
|
| EBITDA Ratio |
-0.07 |
-0.03 |
0.01 |
-0.01 |
-0.03 |
-0.02 |
| Operating Income Ratio
|
-0.08
|
-0.03
|
0.01
|
-0.01
|
-0.03
|
-0.02
|
| Total Other
Income/Expenses Net |
-$12.64 M
|
-$20.94 M
|
-$13.14 M
|
-$9.20 M
|
-$18.30 M
|
-$18.33 M
|
| Income Before Tax |
-$117.06 M |
-$148.25 M |
$6.63 M |
-$22.96 M |
-$51.70 M |
-$32.43 M |
| Income Before Tax Ratio
|
-0.09
|
-0.04
|
0
|
-0.02
|
-0.05
|
-0.04
|
| Income Tax Expense |
$163,000.00 |
$359,000.00 |
$170,000.00 |
$163,000.00 |
$254,000.00 |
$506,000.00 |
| Net Income |
-$117.22 M |
-$148.61 M |
$6.46 M |
-$23.12 M |
-$51.95 M |
-$32.94 M |
| Net Income Ratio |
-0.09 |
-0.04 |
0 |
-0.02 |
-0.05 |
-0.04 |
| EPS |
-4.44 |
-9.09 |
0.82 |
-5.99 |
-15.49 |
-59.86 |
| EPS Diluted |
-4.44 |
-9.09 |
0.68 |
-5.99 |
-15.49 |
-59.86 |
| Weighted Average Shares
Out |
$26.39 M
|
$16.34 M
|
$7.90 M
|
$3.86 M
|
$3.35 M
|
$550,275.00
|
| Weighted Average Shares
Out Diluted |
$26.39 M
|
$16.34 M
|
$9.55 M
|
$3.86 M
|
$3.35 M
|
$550,276.00
|
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