OPAD Q2 2023 Earnings — Offerpad Solutions Inc. Revenue & Financial Results | Market Cap Arena

OPADOfferpad Solutions Inc.

$23M

Q2 2023 Earnings

Real Estate Real Estate - Services

Income Statement

Revenue

$230M-78.7% YoY

Gross Profit

$22M9.7% margin

Operating Income

-$22M-9.5% margin

Net Income

-$22M-9.7% margin

EPS (Diluted)

$-0.82

QoQ Revenue Growth

-62.2%

Cash Flow

Operating Cash Flow

-$55M

Free Cash Flow

-$55M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$353M

Total Liabilities

$220M

Stockholders' Equity

$133M

Cash & Equivalents

$116M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$230M	$1.1B	-78.7%
Gross Profit	$22M	$93M	-76.1%
Operating Income	-$22M	$8M	-360.6%
Net Income	-$22M	$12M	-293.3%