OPAD FY 2023 Earnings — Offerpad Solutions Inc. Revenue & Financial Results | Market Cap Arena

OPADOfferpad Solutions Inc.

$23M

FY 2023 Earnings

Real Estate Real Estate - Services

Income Statement

Revenue

$1.3B-66.7% YoY

Gross Profit

$70M5.3% margin

Operating Income

-$104M-7.9% margin

Net Income

-$117M-8.9% margin

EPS (Diluted)

$-4.44

Cash Flow

Operating Cash Flow

$262M

Free Cash Flow

$262M

Stock-Based Comp.

$8M

Balance Sheet

Total Assets

$380M

Total Liabilities

$278M

Stockholders' Equity

$102M

Cash & Equivalents

$76M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$1.3B	$4.0B	-66.7%
Gross Profit	$70M	$182M	-61.5%
Operating Income	-$104M	-$127M	+18.0%
Net Income	-$117M	-$149M	+21.1%