Offerpad Solutions Inc.
Offerpad Solutions Inc. (OPAD-WT) Financial Performance & Income Statement Overview
Explore the financials of Offerpad Solutions Inc. (OPAD-WT), including yearly and quarterly data on income, cash flow, and balance sheets.
Offerpad Solutions Inc. (OPAD-WT) Income Statement & Financial Overview
Access detailed annual and quarterly income data for Offerpad Solutions Inc. OPAD-WT financial performance.
| Metric | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 |
|---|---|---|---|---|
| Revenue | $174.27M | $208.07M | $251.12M | $285.36M |
| Cost of Revenue | $163.68M | $190.93M | $229.25M | $262.76M |
| Gross Profit | $10.59M | $17.14M | $21.87M | $22.60M |
| Gross Profit Ratio | $0.06 | $0.08 | $0.09 | $0.08 |
| R&D Expenses | $840000.00 | $947000.00 | $964000.00 | $1.77M |
| SG&A Expenses | $23.42M | $25.12M | $30.77M | $34.41M |
| Operating Expenses | $24.26M | $26.07M | $31.73M | $36.18M |
| Total Costs & Expenses | $187.94M | $216.99M | $260.98M | $298.94M |
| Interest Income | $0.00 | $0.00 | $0.00 | $0.00 |
| Interest Expense | $4.08M | $5.11M | $4.58M | $4.91M |
| Depreciation & Amortization | $147000.00 | $150000.00 | $148000.00 | $166000.00 |
| EBITDA | -$13.16M | -$8.25M | -$9.11M | -$12.32M |
| EBITDA Ratio | -$0.08 | -$0.04 | -$0.04 | -$0.05 |
| Operating Income | -$13.67M | -$8.93M | -$9.86M | -$13.59M |
| Operating Income Ratio | -$0.08 | -$0.04 | -$0.04 | -$0.05 |
| Other Income/Expenses (Net) | -$3.72M | -$4.59M | -$3.98M | -$3.81M |
| Income Before Tax | -$17.39M | -$13.51M | -$13.84M | -$17.39M |
| Income Before Tax Ratio | -$0.10 | -$0.06 | -$0.06 | -$0.06 |
| Income Tax Expense | -$62000.00 | $24000.00 | -$54000.00 | $123000.00 |
| Net Income | -$17.32M | -$13.54M | -$13.78M | -$17.52M |
| Net Income Ratio | -$0.10 | -$0.07 | -$0.05 | -$0.06 |
| EPS | -$0.63 | -$0.49 | -$0.50 | -$0.64 |
| Diluted EPS | -$0.63 | -$0.49 | -$0.50 | -$0.64 |
| Weighted Avg Shares Outstanding | $27.48M | $27.44M | $27.39M | $27.34M |
| Weighted Avg Shares Outstanding (Diluted) | $27.48M | $27.44M | $27.39M | $27.34M |
The company's financials show resilient growth, with revenue advancing from $285.36M in Q1 2024 to $174.27M in Q4 2024. Gross profit remained healthy with margins at 6% in Q4 2024 compared to 8% in Q1 2024. Operating income hit -$13.67M last quarter, sustaining a consistent -8% margin. Changes in R&D and SG&A spending did not hinder EBITDA, which stood at -$13.16M. Net income dropped to -$17.32M, while earnings per share reached -$0.63. Strong cost management and operational efficiency kept profitability intact, underlining the company's stable and competitive market performance.
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