Offerpad Solutions Inc.
Income Statement
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | $567.8M | $918.8M | $1.31B | $3.95B | $2.07B | $1.06B | $1.08B |
| Cost of Revenue | — | $525.8M | $846.6M | $1.24B | $3.77B | $1.86B | $976.5M | $1.00B |
| Gross Profit | — | $42.0M | $72.2M | $70.2M | $182.4M | $207.8M | $87.8M | $74.4M |
| Gross Margin | — | 7.4% | 7.9% | 5.3% | 4.6% | 10.0% | 8.2% | 6.9% |
| Operating Expenses | ||||||||
| Research & Development | — | $3.4M | $4.5M | $7.9M | $12.1M | $10.9M | $7.3M | $7.5M |
| SG&A Expense | — | $26.2M | $40.6M | $50.1M | $58.7M | $30.3M | $17.5M | $15.1M |
| Operating Income | — | $-33.4M | $-46.0M | $-104.4M | $-127.3M | $19.8M | $-13.8M | $-33.4M |
| Operating Margin | — | -5.9% | -5.0% | -7.9% | -3.2% | 1.0% | -1.3% | -3.1% |
| Interest Expense | — | — | — | $18.9M | $46.0M | $15.8M | $10.0M | $18.3M |
| Pretax Income | — | $-45.9M | $-62.1M | $-117.1M | $-148.3M | $6.6M | $-23.0M | $-51.7M |
| Income Tax Expense | — | $441.0K | $31.0K | $163.0K | $359.0K | $170.0K | $163.0K | $254.0K |
| Net Income | — | $-46.4M | $-62.2M | $-117.2M | $-148.6M | $6.5M | $-23.1M | $-52.0M |
| Net Margin | — | -8.2% | -6.8% | -8.9% | -3.8% | 0.3% | -2.2% | -4.8% |
| EPS (Basic) | — | $-1.50 | $-2.27 | $-4.44 | $-9.09 | $0.82 | $-0.40 | $-0.90 |
| EPS (Diluted) | — | $-1.50 | $-2.27 | $-4.44 | $-9.09 | $0.68 | $-0.40 | $-0.90 |
| Shares Outstanding (Basic) | 47.2M | 31.0M | 27.4M | 26.4M | 16.3M | 7.9M | 57.9M | 57.8M |
| Shares Outstanding (Diluted) | 47.2M | 31.0M | 27.4M | 26.4M | 16.3M | 9.5M | 57.9M | 57.8M |
| Dividends Per Share | — | — | — | — | — | — | — | — |