Offerpad Solutions Inc
NYSE:OPAD
Income Statement
Earnings Waterfall
Offerpad Solutions Inc
Revenue
|
1.3B
USD
|
Cost of Revenue
|
-1.2B
USD
|
Gross Profit
|
70.2m
USD
|
Operating Expenses
|
-174.6m
USD
|
Operating Income
|
-104.4m
USD
|
Other Expenses
|
-12.8m
USD
|
Net Income
|
-117.2m
USD
|
Income Statement
Offerpad Solutions Inc
Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | |||||||||||
Revenue |
1 203
N/A
|
2 070
+72%
|
3 444
+66%
|
3 861
+12%
|
4 143
+7%
|
3 952
-5%
|
3 188
-19%
|
2 339
-27%
|
1 751
-25%
|
1 314
-25%
|
|
Gross Profit | |||||||||||
Cost of Revenue |
(487)
|
(1 863)
|
(2 525)
|
(3 491)
|
(3 795)
|
(3 676)
|
(3 038)
|
(2 280)
|
(1 699)
|
(1 244)
|
|
Gross Profit |
53
N/A
|
208
+291%
|
257
+23%
|
371
+45%
|
347
-6%
|
276
-20%
|
150
-46%
|
58
-61%
|
53
-10%
|
70
+33%
|
|
Operating Income | |||||||||||
Operating Expenses |
(700)
|
(188)
|
(851)
|
(289)
|
(312)
|
(310)
|
(374)
|
(312)
|
(256)
|
(175)
|
|
Selling, General & Administrative |
(114)
|
(177)
|
(258)
|
(277)
|
(299)
|
(298)
|
(270)
|
(230)
|
(202)
|
(167)
|
|
Research & Development |
(3)
|
(11)
|
(9)
|
(12)
|
(12)
|
(12)
|
(11)
|
(10)
|
(10)
|
(8)
|
|
Other Operating Expenses |
(583)
|
0
|
(583)
|
0
|
0
|
0
|
(93)
|
(72)
|
(44)
|
0
|
|
Operating Income |
16
N/A
|
20
+22%
|
69
+246%
|
82
+19%
|
36
-56%
|
(34)
N/A
|
(224)
-567%
|
(254)
-14%
|
(203)
+20%
|
(104)
+49%
|
|
Pre-Tax Income | |||||||||||
Interest Income Expense |
(35)
|
(16)
|
(32)
|
(27)
|
(37)
|
(46)
|
(46)
|
(40)
|
(29)
|
(19)
|
|
Non-Reccuring Items |
0
|
0
|
(1)
|
(22)
|
(50)
|
(94)
|
0
|
0
|
0
|
0
|
|
Total Other Income |
(13)
|
3
|
8
|
21
|
37
|
25
|
19
|
8
|
10
|
6
|
|
Pre-Tax Income |
(32)
N/A
|
7
N/A
|
44
+573%
|
54
+21%
|
(15)
N/A
|
(148)
-916%
|
(250)
-69%
|
(286)
-14%
|
(222)
+22%
|
(117)
+47%
|
|
Net Income | |||||||||||
Tax Provision |
(0)
|
(0)
|
(2)
|
(4)
|
0
|
(0)
|
2
|
3
|
(0)
|
(0)
|
|
Income from Continuing Operations |
(32)
|
7
|
42
|
50
|
(15)
|
(149)
|
(249)
|
(283)
|
(223)
|
(117)
|
|
Net Income (Common) |
(32)
N/A
|
7
N/A
|
42
+551%
|
50
+18%
|
(15)
N/A
|
(149)
-918%
|
(249)
-67%
|
(283)
-14%
|
(223)
+21%
|
(117)
+47%
|
|
EPS (Diluted) |
-4.11
N/A
|
0.68
N/A
|
2.44
+259%
|
2.87
+18%
|
-0.88
N/A
|
-9.11
-935%
|
-10.5
-15%
|
-10.35
+1%
|
-8.16
+21%
|
-4.44
+46%
|