OPAD Q1 2024 Earnings — Offerpad Solutions Inc. Revenue & Financial Results | Market Cap Arena

OPADOfferpad Solutions Inc.

$23M

Q1 2024 Earnings

Real Estate Real Estate - Services

Income Statement

Revenue

$285M-53.2% YoY

Gross Profit

$23M7.9% margin

Operating Income

-$14M-4.8% margin

Net Income

-$18M-6.1% margin

EPS (Diluted)

$-0.64

QoQ Revenue Growth

+18.7%

Cash Flow

Operating Cash Flow

$2M

Free Cash Flow

$2M

Stock-Based Comp.

$4M

Balance Sheet

Total Assets

$370M

Total Liabilities

$282M

Stockholders' Equity

$88M

Cash & Equivalents

$69M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$285M	$610M	-53.2%
Gross Profit	$23M	$7M	+210.2%
Operating Income	-$14M	-$52M	+73.8%
Net Income	-$18M	-$59M	+70.5%