OPAD Q2 2024 Earnings — Offerpad Solutions Inc. Revenue & Financial Results | Market Cap Arena

OPADOfferpad Solutions Inc.

$23M

Q2 2024 Earnings

Real Estate Real Estate - Services

Income Statement

Revenue

$251M+9.1% YoY

Gross Profit

$22M8.7% margin

Operating Income

-$10M-3.9% margin

Net Income

-$14M-5.5% margin

EPS (Diluted)

$-0.50

QoQ Revenue Growth

-12.0%

Cash Flow

Operating Cash Flow

-$54M

Free Cash Flow

-$54M

Stock-Based Comp.

$3M

Balance Sheet

Total Assets

$407M

Total Liabilities

$329M

Stockholders' Equity

$78M

Cash & Equivalents

$57M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$251M	$230M	+9.1%
Gross Profit	$22M	$22M	-1.6%
Operating Income	-$10M	-$22M	+54.8%
Net Income	-$14M	-$22M	+38.3%