OPAD Q3 2023 Earnings — Offerpad Solutions Inc. Revenue & Financial Results | Market Cap Arena

OPADOfferpad Solutions Inc.

$23M

Q3 2023 Earnings

Real Estate Real Estate - Services

Income Statement

Revenue

$234M-71.5% YoY

Gross Profit

$24M10.2% margin

Operating Income

-$20M-8.3% margin

Net Income

-$20M-8.5% margin

EPS (Diluted)

$-0.73

QoQ Revenue Growth

+1.8%

Cash Flow

Operating Cash Flow

-$95M

Free Cash Flow

-$95M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$422M

Total Liabilities

$307M

Stockholders' Equity

$115M

Cash & Equivalents

$106M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$234M	$822M	-71.5%
Gross Profit	$24M	$2M	+1010.4%
Operating Income	-$20M	-$70M	+72.2%
Net Income	-$20M	-$80M	+75.0%