OPAD
Offerpad Solutions Inc
NYSE: OPAD · REAL ESTATE · REAL ESTATE SERVICES
$0.79
+0.34% today
Updated 2026-04-30
Market cap
$38.30M
P/E ratio
—
P/S ratio
0.07x
EPS (TTM)
$-1.50
Dividend yield
—
52W range
$1 – $6
Volume
0.9M
Offerpad Solutions Inc (OPAD) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $855.96M | $1.08B | $1.06B | $2.07B | $3.95B | $1.31B | $918.82M | $567.81M |
| Revenue growth (YoY) | — | +25.7% | -1.1% | +94.5% | +90.9% | -66.7% | -30.1% | -38.2% |
| Cost of revenue | $790.10M | $1.00B | $976.48M | $1.86B | $3.77B | $1.24B | $846.62M | $525.77M |
| Gross profit | $65.86M | $74.39M | $87.78M | $207.81M | $182.42M | $70.18M | $72.19M | $42.04M |
| Gross margin | 7.7% | 6.9% | 8.2% | 10.0% | 4.6% | 5.3% | 7.9% | 7.4% |
| R&D | $3.72M | $7.45M | $7.27M | $10.86M | $12.09M | $7.95M | $4.52M | $3.40M |
| SG&A | $11.55M | $15.11M | $17.48M | $30.32M | $58.72M | $50.09M | $40.62M | $26.19M |
| Operating income | $-14.10M | $-33.40M | $-13.76M | $19.77M | $-127.32M | $-104.41M | $-46.04M | $-33.39M |
| Operating margin | -1.6% | -3.1% | -1.3% | 1.0% | -3.2% | -7.9% | -5.0% | -5.9% |
| EBITDA | $-13.91M | $-33.02M | $-12.49M | $23.00M | $-101.24M | $-97.47M | $-42.83M | $-30.17M |
| EBITDA margin | -1.6% | -3.1% | -1.2% | 1.1% | -2.6% | -7.4% | -4.7% | -5.3% |
| EBIT | $-14.10M | $-33.40M | $-12.92M | $22.48M | $-102.26M | $-98.20M | $-43.44M | $-37.68M |
| Interest expense | $0.00 | $18.30M | $10.03M | $15.85M | $45.99M | $18.86M | $18.68M | $8.26M |
| Income tax | $506000.00 | $254000.00 | $163000.00 | $170000.00 | $359000.00 | $163000.00 | $31000.00 | — |
| Effective tax rate | -1.6% | -0.5% | -0.7% | 2.6% | -0.2% | -0.1% | -0.0% | 0.0% |
| Net income | $-32.94M | $-51.95M | $-23.12M | $6.46M | $-148.61M | $-117.22M | $-62.16M | $-46.38M |
| Net income growth (YoY) | — | -57.7% | +55.5% | +127.9% | -2400.5% | +21.1% | +47.0% | +25.4% |
| Profit margin | -3.8% | -4.8% | -2.2% | 0.3% | -3.8% | -8.9% | -6.8% | -8.2% |