Offerpad Solutions (OPAD) Financial Statements
Price: $1.46
Market Cap: $39.98M
Avg Volume: 51.23K
Market Cap: $39.98M
Avg Volume: 51.23K
Country: US
Industry: Real Estate - Services
Sector: Real Estate
Industry: Real Estate - Services
Sector: Real Estate
Overview of Financial Statements
Financial statements are records that provide an overview of a company's financial performance and position. There are three main types of financial statements:
- Income Statement: Shows the company's revenue, expenses, and profit over a specific period.
- Balance Sheet: Provides a snapshot of the company's assets, liabilities, and equity at a specific point in time.
- Cash Flow Statement: Details the cash inflows and outflows from operating, investing, and financing activities over a period.
This page presents both annual and quarterly data for these financial statements. The charts below provide a visual representation of the key metrics from each statement, helping you to quickly understand the financial health of Offerpad Solutions.
Income Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 |
|---|---|---|---|---|---|---|---|
| Revenue | $918.82M | $1.31B | $3.95B | $2.07B | $1.06B | $1.08B | $855.96M |
| Cost of Revenue | $846.62M | $1.24B | $3.77B | $1.86B | $976.48M | $1.00B | $790.10M |
| Gross Profit | $72.19M | $70.18M | $182.42M | $207.81M | $87.78M | $74.39M | $65.86M |
| Gross Profit Ratio | 7.86% | 5.34% | 4.62% | 10.04% | 8.25% | 6.91% | 7.69% |
| Research and Development Expenses | $4.52M | $7.95M | $12.09M | $10.86M | $7.27M | $7.45M | $3.72M |
| General and Administrative Expenses | $40.62M | $50.09M | $58.72M | $30.32M | $17.48M | $15.11M | $11.55M |
| Selling and Marketing Expenses | $73.09M | $116.56M | $238.93M | $146.87M | $76.79M | $85.23M | $14.70M |
| Selling General and Administrative Expenses | $113.71M | $166.65M | $297.65M | $177.19M | $94.27M | $100.34M | $76.25M |
| Other Expenses | $- | $- | $1.53M | $248.00K | $834.00K | $- | $- |
| Operating Expenses | $118.24M | $174.59M | $309.74M | $188.05M | $101.54M | $107.79M | $79.96M |
| Cost and Expenses | $964.86M | $1.42B | $4.08B | $2.05B | $1.08B | $1.11B | $870.06M |
| Interest Income | $- | $- | $45.99M | $15.85M | $10.03M | $18.30M | $18.33M |
| Interest Expense | $18.68M | $18.86M | $45.99M | $15.85M | $10.03M | $18.30M | $- |
| Depreciation and Amortization | $611.00K | $728.00K | $1.02M | $523.00K | $434.00K | $377.00K | $192.00K |
| EBITDA | $-42.83M | $-97.47M | $-101.24M | $23.00M | $-12.49M | $-33.02M | $-13.91M |
| EBITDA Ratio | -4.66% | -7.42% | -2.56% | 1.11% | -1.17% | -3.07% | -1.63% |
| Operating Income | $-46.04M | $-104.41M | $-127.32M | $19.77M | $-13.76M | $-33.40M | $-14.10M |
| Operating Income Ratio | -5.01% | -7.94% | -3.22% | 0.95% | -1.29% | -3.10% | -1.65% |
| Total Other Income Expenses Net | $-16.09M | $-12.64M | $-20.94M | $-13.14M | $-9.20M | $-18.30M | $-18.33M |
| Income Before Tax | $-62.13M | $-117.06M | $-148.25M | $6.63M | $-22.95M | $-51.70M | $-32.43M |
| Income Before Tax Ratio | -6.76% | -8.91% | -3.75% | 0.32% | -2.16% | -4.81% | -3.79% |
| Income Tax Expense | $31.00K | $163.00K | $359.00K | $170.00K | $163.00K | $254.00K | $506.00K |
| Net Income | $-62.16M | $-117.22M | $-148.61M | $6.46M | $-23.12M | $-51.95M | $-32.94M |
| Net Income Ratio | -6.77% | -8.92% | -3.76% | 0.31% | -2.17% | -4.83% | -3.85% |
| EPS | $-2.27 | $-4.44 | $-9.09 | $0.82 | $-5.99 | $-15.49 | $-59.86 |
| EPS Diluted | $-2.27 | $-4.44 | $-9.09 | $0.68 | $-5.99 | $-15.49 | $-59.86 |
| Weighted Average Shares Outstanding | 27.41M | 26.39M | 16.34M | 7.90M | 3.86M | 3.35M | 550.27K |
| Weighted Average Shares Outstanding Diluted | 27.41M | 26.39M | 16.34M | 9.55M | 3.86M | 3.35M | 550.28K |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source |
Balance Sheet
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $43.02M | $75.97M | $97.24M | $169.82M | $43.94M | $22.86M |
| Short Term Investments | $- | $- | $- | $- | $- | $- |
| Cash and Short Term Investments | $43.02M | $75.97M | $97.24M | $169.82M | $43.94M | $22.86M |
| Net Receivables | $3.85M | $9.94M | $2.35M | $6.17M | $2.31M | $3.25M |
| Inventory | $214.17M | $276.50M | $664.70M | $1.13B | $171.36M | $343.61M |
| Other Current Assets | $33.17M | $9.20M | $49.89M | $44.23M | $9.68M | $9.88M |
| Total Current Assets | $294.21M | $371.61M | $814.18M | $1.34B | $227.29M | $379.58M |
| Property Plant Equipment Net | $9.13M | $7.86M | $5.19M | $5.15M | $8.23M | $5.81M |
| Goodwill | $- | $- | $- | $- | $- | $- |
| Intangible Assets | $- | $- | $- | $- | $- | $- |
| Goodwill and Intangible Assets | $- | $- | $- | $- | $- | $- |
| Long Term Investments | $- | $- | $- | $- | $- | $- |
| Tax Assets | $- | $- | $- | $- | $- | $- |
| Other Non-Current Assets | $9.71M | $234.00K | $5.70M | $4.96M | $352.00K | $498.00K |
| Total Non-Current Assets | $18.84M | $8.09M | $10.89M | $10.11M | $8.58M | $6.31M |
| Other Assets | $- | $- | $- | $- | $- | $- |
| Total Assets | $313.05M | $379.69M | $825.07M | $1.35B | $235.87M | $385.89M |
| Account Payables | $1.92M | $4.95M | $4.65M | $6.40M | $2.15M | $1.31M |
| Short Term Debt | $963.00K | $259.50M | $668.33M | $1.03B | $176.97M | $342.39M |
| Tax Payables | $- | $- | $- | $- | $4.75K | $- |
| Deferred Revenue | $- | $- | $- | $- | $- | $- |
| Other Current Liabilities | $248.08M | $11.59M | $25.99M | $33.68M | $11.18M | $9.40M |
| Total Current Liabilities | $250.97M | $276.03M | $698.96M | $1.07B | $190.30M | $353.09M |
| Long Term Debt | $- | $- | $3.69M | $3.83M | $4.71M | $- |
| Deferred Revenue Non-Current | $- | $- | $- | $- | $- | $- |
| Deferred Tax Liabilities Non-Current | $- | $- | $- | $- | $- | $- |
| Other Non-Current Liabilities | $14.44M | $1.89M | $539.00K | $24.06M | $184.12M | $- |
| Total Non-Current Liabilities | $14.44M | $1.89M | $4.23M | $27.89M | $188.83M | $- |
| Other Liabilities | $- | $- | $- | $- | $- | $- |
| Total Liabilities | $265.40M | $277.92M | $703.19M | $1.10B | $379.13M | $353.09M |
| Preferred Stock | $- | $- | $- | $- | $184.12M | $154.30M |
| Common Stock | $3.00K | $3.00K | $25.00K | $24.00K | $384.56M | $- |
| Retained Earnings | $-460.05M | $-397.89M | $-280.67M | $-132.06M | $-138.52M | $-115.40M |
| Accumulated Other Comprehensive Income Loss | $- | $- | $- | $0 | $-184.12M | $-0 |
| Other Total Stockholders Equity | $507.70M | $499.66M | $402.52M | $389.60M | $143.52M | $-6.11M |
| Total Stockholders Equity | $47.65M | $101.78M | $121.88M | $257.57M | $-143.26M | $32.80M |
| Total Equity | $47.65M | $101.78M | $121.88M | $257.57M | $-143.26M | $32.80M |
| Total Liabilities and Stockholders Equity | $313.05M | $379.69M | $825.07M | $1.35B | $235.87M | $385.89M |
| Minority Interest | $- | $- | $- | $- | $- | $- |
| Total Liabilities and Total Equity | $313.05M | $379.69M | $825.07M | $1.35B | $235.87M | $385.89M |
| Total Investments | $- | $- | $- | $- | $- | $- |
| Total Debt | $238.20M | $259.50M | $666.07M | $1.03B | $181.68M | $342.39M |
| Net Debt | $-43.02M | $183.53M | $568.82M | $856.38M | $137.74M | $319.53M |
Cash Flow Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 |
|---|---|---|---|---|---|---|---|
| Net Income | $-62.16M | $-117.22M | $-148.61M | $6.46M | $-23.12M | $-51.95M | $-32.94M |
| Depreciation and Amortization | $611.00K | $728.00K | $1.02M | $523.00K | $434.00K | $377.00K | $192.00K |
| Deferred Income Tax | $- | $- | $- | $133.00K | $3.17M | $3.00M | $- |
| Stock Based Compensation | $8.08M | $7.92M | $8.31M | $3.08M | $1.36M | $1.27M | $893.00K |
| Change in Working Capital | $68.18M | $359.04M | $371.45M | $-933.03M | $172.75M | $-61.71M | $-53.28M |
| Accounts Receivables | $6.09M | $-7.58M | $3.81M | $-3.85M | $937.00K | $-1.07M | $470.00K |
| Inventory | $57.85M | $379.26M | $374.06M | $-949.59M | $169.08M | $-60.73M | $-52.99M |
| Accounts Payables | $-3.02M | $299.00K | $-1.75M | $4.13M | $841.00K | $-2.42M | $- |
| Other Working Capital | $7.26M | $-12.93M | $-4.68M | $16.27M | $1.90M | $2.52M | $-758.00K |
| Other Non Cash Items | $6.12M | $11.16M | $73.24M | $916.00K | $262.00K | $40.00K | $6.44M |
| Net Cash Provided by Operating Activities | $20.83M | $261.63M | $305.40M | $-921.92M | $154.86M | $-108.97M | $-78.69M |
| Investments in Property Plant and Equipment | $-5.41M | $-127.00K | $-1.07M | $-13.69M | $-2.86M | $-1.04M | $-2.26M |
| Acquisitions Net | $- | $- | $- | $2.03M | $- | $- | $- |
| Purchases of Investments | $- | $-2.57M | $- | $- | $- | $- | $- |
| Sales Maturities of Investments | $- | $4.68M | $- | $- | $- | $- | $- |
| Other Investing Activities | $82.00K | $- | $- | $2.03M | $- | $60.00K | $234.00K |
| Net Cash Used for Investing Activities | $-5.33M | $1.99M | $-1.07M | $-11.65M | $-2.86M | $-979.00K | $-2.03M |
| Debt Repayment | $-21.54M | $-413.18M | $-362.43M | $851.23M | $-160.51M | $58.43M | $- |
| Common Stock Issued | $- | $89.28M | $4.90M | $902.00K | $29.82M | $- | $- |
| Common Stock Repurchased | $- | $-78.00K | $-285.00K | $-51.25M | $- | $-10.65M | $- |
| Dividends Paid | $- | $- | $- | $- | $- | $- | $- |
| Other Financing Activities | $-280.00K | $89.20M | $3.97M | $226.03M | $29.37M | $74.72M | $88.76M |
| Net Cash Used Provided by Financing Activities | $-21.82M | $-323.98M | $-358.47M | $1.08B | $-131.15M | $122.50M | $88.76M |
| Effect of Forex Changes on Cash | $- | $- | $- | $- | $- | $- | $- |
| Net Change in Cash | $-6.31M | $-60.37M | $-54.13M | $143.69M | $20.86M | $12.55M | $8.05M |
| Cash at End of Period | $73.63M | $79.93M | $140.30M | $194.43M | $50.74M | $29.88M | $17.33M |
| Cash at Beginning of Period | $79.93M | $140.30M | $194.43M | $50.74M | $29.88M | $17.33M | $9.28M |
| Operating Cash Flow | $20.83M | $261.63M | $305.40M | $-921.92M | $154.86M | $-108.97M | $-78.69M |
| Capital Expenditure | $-5.41M | $-127.00K | $-1.07M | $-13.69M | $-2.86M | $-1.04M | $-2.26M |
| Free Cash Flow | $15.43M | $261.50M | $304.33M | $-935.61M | $152.01M | $-110.01M | $-80.95M |