OPAD Q1 2023 Earnings — Offerpad Solutions Inc. Revenue & Financial Results | Market Cap Arena

OPADOfferpad Solutions Inc.

$23M

Q1 2023 Earnings

Real Estate Real Estate - Services

Income Statement

Revenue

$610M-55.6% YoY

Gross Profit

$7M1.2% margin

Operating Income

-$52M-8.5% margin

Net Income

-$59M-9.8% margin

EPS (Diluted)

$-2.51

QoQ Revenue Growth

-10.0%

Cash Flow

Operating Cash Flow

$426M

Free Cash Flow

$426M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$338M

Total Liabilities

$184M

Stockholders' Equity

$154M

Cash & Equivalents

$108M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$610M	$1.4B	-55.6%
Gross Profit	$7M	$132M	-94.5%
Operating Income	-$52M	$44M	-216.6%
Net Income	-$59M	$41M	-245.0%