OPAD Q2 2022 Earnings — Offerpad Solutions Inc. Revenue & Financial Results | Market Cap Arena

OPADOfferpad Solutions Inc.

$23M

Q2 2022 Earnings

Real Estate Real Estate - Services

Income Statement

Revenue

$1.1B+185.1% YoY

Gross Profit

$93M8.6% margin

Operating Income

$8M0.8% margin

Net Income

$12M1.1% margin

EPS (Diluted)

$0.66

QoQ Revenue Growth

-21.4%

Cash Flow

Operating Cash Flow

-$392M

Free Cash Flow

-$393M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$1.5B

Total Liabilities

$1.2B

Stockholders' Equity

$319M

Cash & Equivalents

$155M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$1.1B	$379M	+185.1%
Gross Profit	$93M	$51M	+82.8%
Operating Income	$8M	$12M	-27.3%
Net Income	$12M	$9M	+25.8%