Offerpad Solutions Inc.
Income Statement
| Line Item | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $77.7M | $80.1M | $114.1M | $132.7M | $160.3M | $160.7M | $174.3M | $208.1M |
| Cost of Revenue | $70.5M | $74.5M | $106.1M | $123.3M | $146.1M | $150.2M | $163.7M | $190.9M |
| Gross Profit | $7.1M | $5.6M | $8.0M | $9.3M | $14.2M | $10.5M | $10.6M | $17.1M |
| Gross Margin | 9.2% | 6.9% | 7.0% | 7.0% | 8.9% | 6.5% | 6.1% | 8.2% |
| Operating Expenses | ||||||||
| Research & Development | $954.0K | $886.0K | $611.0K | $788.0K | $986.0K | $1.0M | $840.0K | $947.0K |
| SG&A Expense | $6.8M | $6.1M | $6.1M | $5.1M | $7.8M | $7.2M | $9.9M | $8.3M |
| Operating Income | $-8.2M | $-9.0M | $-7.3M | $-6.7M | $-7.8M | $-11.5M | $-13.7M | $-8.9M |
| Operating Margin | -10.6% | -11.3% | -6.4% | -5.1% | -4.9% | -7.2% | -7.8% | -4.3% |
| Interest Expense | — | — | — | — | — | — | — | — |
| Pretax Income | $-9.3M | $-10.1M | $-8.8M | $-11.2M | $-10.9M | $-15.0M | $-17.4M | $-13.5M |
| Income Tax Expense | $16.0K | $16.0K | $-6.0K | $380.0K | $30.0K | $37.0K | $-62.0K | $24.0K |
| Net Income | $-9.3M | $-10.1M | $-8.8M | $-11.6M | $-10.9M | $-15.1M | $-17.3M | $-13.5M |
| Net Margin | -12.0% | -12.7% | -7.7% | -8.7% | -6.8% | -9.4% | -9.9% | -6.5% |
| EPS (Basic) | $-1.94 | $-0.22 | $3.35 | $-0.37 | $-3.93 | $-0.55 | $-0.64 | $-0.49 |
| EPS (Diluted) | $-1.94 | $-0.22 | $3.35 | $-0.37 | $-3.93 | $-0.55 | $-0.64 | $-0.49 |
| Shares Outstanding (Basic) | 4.8M | 46.2M | 31.0M | 31.3M | 2.8M | 27.6M | 27.4M | 27.4M |
| Shares Outstanding (Diluted) | 4.8M | 46.2M | 31.0M | 31.3M | 2.8M | 27.6M | 27.4M | 27.4M |
| Dividends Per Share | — | — | — | — | — | — | — | — |