Offerpad Solutions Inc. (OPAD) quarterly income statement — complete revenue, gross profit & net income history
Offerpad Solutions Inc. (OPAD) annual income statement — 7-year revenue, gross profit & net income history
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 |
|---|
| Revenue | 78.07M | 77.65M | 80.08M | 114.12M | 132.68M | 160.31M | 160.7M | 174.27M | 208.07M | 251.12M | 285.36M | 240.46M | 234.23M | 230.15M | 609.58M | 677.21M | 821.73M | 1.08B | 1.37B | 867.54M |
| Revenue Growth % | -41.16% | -51.56% | -50.17% | -34.52% | -36.23% | -36.16% | -43.69% | -27.52% | -11.17% | 9.11% | -53.19% | -64.49% | -71.5% | -78.68% | -55.63% | -21.94% | 52.09% | 185.1% | 383.79% | 288.63% |
| Property Operating Expenses | 71.57M | 70.54M | 74.52M | 106.11M | 123.34M | 146.13M | 150.19M | 163.68M | 190.93M | 229.25M | 262.76M | 223.77M | 210.25M | 207.92M | 602.29M | 722.07M | 819.57M | 986.55M | 1.24B | 797.25M |
| Net Operating Income (NOI) | 6.5M | 7.12M | 5.56M | 8.01M | 9.34M | 14.19M | 10.51M | 10.59M | 17.14M | 21.87M | 22.59M | 16.69M | 23.97M | 22.23M | 7.29M | -44.86M | 2.16M | 92.98M | 132.14M | 70.29M |
| NOI Margin % | 8.32% | 9.17% | 6.94% | 7.02% | 7.04% | 8.85% | 6.54% | 6.08% | 8.24% | 8.71% | 7.92% | 6.94% | 10.23% | 9.66% | 1.2% | -6.62% | 0.26% | 8.61% | 9.62% | 8.1% |
| Operating Expenses | 15.85M | 15.36M | 14.59M | 15.34M | 16.08M | 21.97M | 22.04M | 24.26M | 26.07M | 31.73M | 36.18M | 27.94M | 43.52M | 44.06M | 59.07M | 65.04M | 72.37M | 84.6M | 87.73M | 66.96M |
| G&A Expenses | 14.87M | 14.4M | 13.7M | 14.73M | 15.29M | 20.98M | 21.02M | 23.42M | 25.12M | 30.77M | 34.41M | 26.71M | 41.36M | 41.75M | 56.83M | 62.06M | 69.68M | 81.36M | 84.55M | 63.76M |
| EBITDA | -9.08M | -7.95M | -8.74M | -7.06M | -6.49M | -7.53M | -11.33M | -13.52M | -8.78M | -9.71M | -13.42M | -11.08M | -19.37M | -21.66M | -51.58M | -109.64M | -69.7M | 8.51M | 44.53M | 3.42M |
| EBITDA Margin % | -11.63% | -10.24% | -10.92% | -6.19% | -4.89% | -4.7% | -7.05% | -7.76% | -4.22% | -3.87% | -4.7% | -4.61% | -8.27% | -9.41% | -8.46% | -16.19% | -8.48% | 0.79% | 3.24% | 0.39% |
| Depreciation & Amortization | 279K | 285K | 287K | 267K | 253K | 253K | 206K | 147K | 150K | 148K | 166K | 172K | 176K | 178K | 202K | 258K | 515K | 130K | 119K | 90K |
| D&A / Revenue % | 0.36% | 0.37% | 0.36% | 0.23% | 0.19% | 0.16% | 0.13% | 0.08% | 0.07% | 0.06% | 0.06% | 0.07% | 0.08% | 0.08% | 0.03% | 0.04% | 0.06% | 0.01% | 0.01% | 0.01% |
| Operating Income | -9.36M | -8.24M | -9.03M | -7.33M | -6.74M | -7.78M | -11.54M | -13.67M | -8.93M | -9.86M | -13.59M | -11.25M | -19.54M | -21.83M | -51.79M | -109.9M | -70.21M | 8.38M | 44.41M | 3.33M |
| Operating Margin % | -11.98% | -10.61% | -11.28% | -6.42% | -5.08% | -4.85% | -7.18% | -7.84% | -4.29% | -3.93% | -4.76% | -4.68% | -8.34% | -9.49% | -8.5% | -16.23% | -8.54% | 0.78% | 3.23% | 0.38% |
| Interest Expense | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Interest Coverage | -4.20x | -5.68x | -5.26x | -2.43x | -2.08x | -1.97x | -5.26x | -3.26x | -1.64x | -2.02x | -2.55x | -2.00x | -3.53x | -10.94x | -6.98x | -6.98x | -4.25x | 2.69x | 6.96x | 3.07x |
| Non-Operating Income | 0 | -354K | -530K | -1.07M | 836K | -573K | 7M | -367K | -526K | -606K | -1.1M | -956K | -3.97M | -1.4M | 107K | -4.22M | -2.6M | -12.56M | -5.67M | -15.65M |
| Pretax Income | -11.44M | -9.27M | -10.12M | -8.83M | -11.22M | -10.87M | -15.02M | -17.39M | -13.51M | -13.84M | -17.39M | -15.45M | -19.98M | -22.3M | -59.33M | -120.81M | -83.5M | 13.17M | 42.89M | 12.81M |
| Pretax Margin % | -14.66% | -11.94% | -12.63% | -7.73% | -8.46% | -6.78% | -9.35% | -9.98% | -6.49% | -5.51% | -6.09% | -6.42% | -8.53% | -9.69% | -9.73% | -17.84% | -10.16% | 1.22% | 3.12% | 1.48% |
| Income Tax | 10K | 16K | 16K | -6K | 380K | 30K | 37K | -62K | 24K | -54K | 123K | -8K | 6K | 43K | 122K | 324K | -3.47M | 1.61M | 1.9M | 0 |
| Effective Tax Rate % | -0.09% | -0.17% | -0.16% | 0.07% | -3.39% | -0.28% | -0.25% | 0.36% | -0.18% | 0.39% | -0.71% | 0.05% | -0.03% | -0.19% | -0.21% | -0.27% | 4.16% | 12.23% | 4.43% | 0% |
| Net Income | -11.45M | -9.29M | -10.13M | -8.82M | -11.6M | -10.9M | -15.06M | -17.32M | -13.54M | -13.78M | -17.52M | -15.44M | -19.99M | -22.34M | -59.45M | -121.14M | -80.02M | 11.56M | 40.99M | 12.81M |
| Net Margin % | -14.67% | -11.96% | -12.65% | -7.73% | -8.75% | -6.8% | -9.37% | -9.94% | -6.51% | -5.49% | -6.14% | -6.42% | -8.53% | -9.71% | -9.75% | -17.89% | -9.74% | 1.07% | 2.98% | 1.48% |
| Net Income Growth % | 1.31% | 14.81% | 32.7% | 49.09% | 14.28% | 20.89% | 14.03% | -12.2% | 32.27% | 38.32% | 70.54% | 87.25% | 75.02% | -293.32% | -245.04% | -1045.94% | -422.92% | 25.77% | 17691.42% | 1070.89% |
| Funds From Operations (FFO) | -11.17M | -9M | -9.85M | -8.55M | -11.35M | -10.65M | -14.85M | -17.18M | -13.39M | -13.63M | -17.35M | -15.27M | -19.81M | -22.17M | -59.24M | -120.88M | -79.51M | 11.69M | 41.11M | 12.9M |
| FFO Margin % | -14.31% | -11.59% | -12.3% | -7.49% | -8.56% | -6.64% | -9.24% | -9.86% | -6.43% | -5.43% | -6.08% | -6.35% | -8.46% | -9.63% | -9.72% | -17.85% | -9.68% | 1.08% | 2.99% | 1.49% |
| FFO Growth % | 1.57% | 15.46% | 33.7% | 50.21% | 15.21% | 21.89% | 14.4% | -12.5% | 32.42% | 38.49% | 70.72% | 87.37% | 75.08% | -289.65% | -244.12% | -1037.34% | -422.97% | 25.18% | 40009.71% | 1180.97% |
| FFO per Share | -2.24 | -1.88 | -2.13 | -2.30 | -3.63 | -3.84 | -5.39 | -6.27 | -4.88 | -4.98 | -6.35 | -5.59 | -7.26 | -8.13 | -25.04 | -73.30 | -48.25 | 6.72 | 23.75 | 7.39 |
| FFO Payout Ratio % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| EPS (Diluted) | -2.30 | -1.94 | -2.20 | -2.40 | -3.70 | -3.90 | -5.50 | -6.30 | -4.90 | -5.00 | -6.40 | -5.70 | -7.30 | -8.20 | -25.10 | -73.50 | -48.60 | 6.60 | 24.00 | 7.50 |
| EPS Growth % | 37.84% | 50.26% | 60% | 61.9% | 24.49% | 22% | 14.06% | -10.53% | 32.88% | 39.02% | 74.5% | 92.24% | 84.98% | -224.24% | -204.58% | -1080% | -145.45% | 10% | 4120.1% | - |
| EPS (Basic) | -2.30 | -1.94 | -2.20 | -2.40 | -3.70 | -3.90 | -5.50 | -6.30 | -4.90 | -5.00 | -6.40 | -5.70 | -7.30 | -8.20 | -25.10 | -73.50 | -48.60 | 7.10 | 25.50 | 7.50 |
| Diluted Shares Outstanding | 4.98M | 4.79M | 4.62M | 3.72M | 3.13M | 2.78M | 2.76M | 2.74M | 2.74M | 2.74M | 2.73M | 2.73M | 2.73M | 2.73M | 2.37M | 1.65M | 1.65M | 1.74M | 1.73M | 1.75M |