Offerpad Solutions Inc. (OPAD)

Nasdaq: OPAD · Real Estate Agents & Managers (For Others) · Tempe, AZ · filing with the SEC since 2020

Grade2.8

◀ Past 1.1● Present 2.7▶ Future 4.2

Overview Business Financials Grade Forecast Sentiment Ownership People Filings Patents Chart

Income statement, as filed

In US dollars (USD), as filed; per-share figures in US dollars; share counts. The fiscal year ends in December.

Income statement, by fiscal year, newest first
Fiscal year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Report filed	Feb 24, 2026	Feb 25, 2025	Feb 27, 2024	Feb 28, 2023	Mar 7, 2022	Mar 31, 2021	·
Revenue	567,812,000	918,819,000	1,314,412,000	3,952,314,000	2,070,446,000	1,064,257,000	1,075,882,000
Cost of revenue	525,769,000	846,624,000	1,244,231,000	3,769,892,000	1,862,631,000	976,478,000	1,001,495,000
Gross profit	42,043,000	72,195,000	70,181,000	182,422,000	207,815,000	87,779,000	74,387,000
Research and development	3,405,000	4,524,000	7,945,000	12,090,000	10,860,000	7,270,000	7,450,000
Sales and marketing	45,835,000	73,091,000	116,558,000	238,931,000	146,872,000	76,786,000	85,226,000
General and administrative	26,192,000	40,621,000	50,091,000	58,718,000	30,317,000	17,481,000	15,111,000
Total operating expenses	75,432,000	118,236,000	174,594,000	309,739,000	188,049,000	101,537,000	107,787,000
Total costs and expenses	965,000	1,061,000	1,462,000	1,348,000	1,182,000	·	·
Operating income	-33,389,000	-46,041,000	-104,413,000	-127,317,000	19,766,000	-13,758,000	-33,400,000
Interest expense	13,403,000	18,684,000	18,859,000	45,991,000	15,848,000	10,031,000	18,298,000
Other income (expense), net	979,000	2,357,000	6,149,000	1,532,000	248,000	834,000	·
Total non-operating income (expense)	-12,554,000	-16,087,000	-12,642,000	-20,937,000	-13,136,000	-9,197,000	-18,298,000
Income before income taxes	-45,943,000	-62,128,000	-117,055,000	-148,254,000	6,630,000	-22,955,000	-51,698,000
Income tax expense	441,000	31,000	163,000	359,000	170,000	163,000	254,000
Net income including non-controlling interests	-46,384,000	-62,159,000	-117,218,000	-148,613,000	6,460,000	-23,118,000	-51,952,000
Net income	-46,384,000	-62,159,000	-117,218,000	-148,613,000	6,460,000	-23,118,000	-51,952,000
Earnings per share, basic	-1.50	-2.27	-4.44	-9.09^r	0.82^r	-6.00^b	-13.50^b
Earnings per share, diluted	-1.50	-2.27	-4.44	-9.09^r	0.68^r	-6.00^b	-13.50^b
Weighted average shares, basic	30,987,000	27,410,000	26,385,000	16,343,000^r	7,905,000^r	3,857,667^b	3,856,533^b
Weighted average shares, diluted	30,987,000	27,410,000	26,385,000	16,343,000^r	9,548,000^r	3,857,667^b	3,856,533^b

As filed with the SEC, each figure from the newest report that carries it, and linked to it. Nothing here is computed.Share counts and per-share figures are on the newest report's basis, after the 1-for-15 reverse split.A dot is a line not tagged for that period. ^r restated by the company in a later report; ^b a share figure put on the newest basis or filed in the wrong unit. Hover a figure for its filing and note.

What each line is, and the XBRL concept behind it

Revenue what customers paid for what it sold

us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax
us-gaap:Revenues

Cost of revenue what it cost to make or buy what it soldus-gaap:CostOfRevenue

Gross profit revenue less the cost of what it soldus-gaap:GrossProfit

Research and development spent on inventing what it sells nextus-gaap:ResearchAndDevelopmentExpense

Sales and marketing the cost of finding and serving customersus-gaap:SellingAndMarketingExpense

General and administrative the cost of running the company itselfus-gaap:GeneralAndAdministrativeExpense

Total operating expenses the running costs togetherus-gaap:OperatingExpenses

Total costs and expenses every operating cost, the cost of revenue includedus-gaap:OperatingCostsAndExpenses

Operating income profit from running the business, before interest and taxus-gaap:OperatingIncomeLoss

Interest expense what its borrowing cost

us-gaap:InterestExpenseNonoperating
us-gaap:InterestExpense

Other income (expense), net gains and costs outside the businessus-gaap:OtherNonoperatingIncomeExpense

Total non-operating income (expense) everything outside the business, togetherus-gaap:NonoperatingIncomeExpense

Income before income taxes profit before taxus-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest

Income tax expense tax charged on the period's profitus-gaap:IncomeTaxExpenseBenefit

Net income including non-controlling interests the whole group's profit, minority holders' share includedus-gaap:ProfitLoss

Net income the profit or loss that belongs to the company's shareholdersus-gaap:NetIncomeLoss

Earnings per share, basic net income per share outstandingus-gaap:EarningsPerShareBasic

Earnings per share, diluted net income per share, counting every share that could be issuedus-gaap:EarningsPerShareDiluted

Weighted average shares, basic the average count of shares outstandingus-gaap:WeightedAverageNumberOfSharesOutstandingBasic

Weighted average shares, diluted the average count with every share that could be issuedus-gaap:WeightedAverageNumberOfDilutedSharesOutstanding

SI Assistanton OPAD · research, not advice