OPAD Q1 2021 Earnings — Offerpad Solutions Inc. Revenue & Financial Results | Market Cap Arena

OPADOfferpad Solutions Inc.

$23M

Q1 2021 Earnings

Real Estate Real Estate - Services

Income Statement

Revenue

$284M-22.8% YoY

Gross Profit

$34M11.8% margin

Operating Income

$1M0.5% margin

Net Income

-$233,000-0.1% margin

EPS (Diluted)

$-0.06

QoQ Revenue Growth

+27.2%

Cash Flow

Operating Cash Flow

-$48M

Free Cash Flow

-$49M

Stock-Based Comp.

$614,000

Balance Sheet

Total Assets

$266M

Total Liabilities

$225M

Stockholders' Equity

$41M

Cash & Equivalents

$26M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$284M	$368M	-22.8%
Gross Profit	$34M	$25M	+34.7%
Operating Income	$1M	-$7M	+120.6%
Net Income	-$233,000	-$11M	+98.0%