OPAD Q3 2022 Earnings — Offerpad Solutions Inc. Revenue & Financial Results | Market Cap Arena

OPADOfferpad Solutions Inc.

$23M

Q3 2022 Earnings

Real Estate Real Estate - Services

Income Statement

Revenue

$822M+52.1% YoY

Gross Profit

$2M0.3% margin

Operating Income

-$70M-8.5% margin

Net Income

-$80M-9.7% margin

EPS (Diluted)

$-4.86

QoQ Revenue Growth

-23.9%

Cash Flow

Operating Cash Flow

$21M

Free Cash Flow

$20M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$1.4B

Total Liabilities

$1.2B

Stockholders' Equity

$241M

Cash & Equivalents

$197M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$822M	$540M	+52.1%
Gross Profit	$2M	$53M	-95.9%
Operating Income	-$70M	$3M	-2130.4%
Net Income	-$80M	-$15M	-422.9%