Financial Snapshot

Revenue
$1.011B
TTM
Gross Margin
8.45%
TTM
Net Earnings
-$66.72M
TTM
Current Assets
Q2 2024
Current Liabilities
Q2 2024
Current Ratio
122.31%
Q2 2024
Total Assets
Q2 2024
Total Liabilities
Q2 2024
Book Value
$77.57M
Q2 2024
Cash
Q2 2024
P/E
-1.705
Sep 17, 2024 EST
Free Cash Flow
-$162.2M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020 2019
Revenue $1.314B $3.952B $2.070B $1.064B $1.076B
YoY Change -66.74% 90.89% 94.54% -1.08%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021 2020 2019
Revenue $1.314B $3.952B $2.070B $1.064B $1.076B
Cost Of Revenue $1.244B $3.770B $1.863B $976.5M $1.001B
Gross Profit $70.18M $182.4M $207.8M $87.78M $74.39M
Gross Profit Margin 5.34% 4.62% 10.04% 8.25% 6.91%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021 2020 2019
Selling, General & Admin $166.6M $297.6M $177.2M $94.27M $100.3M
YoY Change -44.01% 67.98% 87.97% -6.05%
% of Gross Profit 237.46% 163.17% 85.26% 107.39% 134.89%
Research & Development $7.945M $12.09M $10.86M $7.270M $7.450M
YoY Change -34.28% 11.33% 49.38% -2.42%
% of Gross Profit 11.32% 6.63% 5.23% 8.28% 10.02%
Depreciation & Amortization $700.0K $1.022M $500.0K $400.0K $400.0K
YoY Change -31.51% 104.4% 25.0% 0.0%
% of Gross Profit 1.0% 0.56% 0.24% 0.46% 0.54%
Operating Expenses $174.6M $309.7M $188.0M $101.5M $107.8M
YoY Change -43.63% 64.71% 85.2% -5.8%
Operating Profit -$104.4M -$127.3M $19.77M -$13.76M -$33.40M
YoY Change -17.99% -744.12% -243.67% -58.81%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021 2020 2019
Interest Expense $18.86M $45.99M $15.85M $10.03M $18.30M
YoY Change -58.99% 190.2% 57.99% -45.18%
% of Operating Profit 80.18%
Other Income/Expense, Net -$12.64M -$20.94M -$13.14M -$9.197M -$18.30M
YoY Change -39.62% 59.39% 42.83% -49.74%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021 2020 2019
Pretax Income -$117.1M -$148.3M $6.600M -$23.00M -$51.70M
YoY Change -21.04% -2346.97% -128.7% -55.51%
Income Tax $163.0K $359.0K $170.0K $163.0K $254.0K
% Of Pretax Income 2.58%
Net Earnings -$117.2M -$148.6M $6.460M -$23.12M -$51.95M
YoY Change -21.13% -2400.51% -127.94% -55.5%
Net Earnings / Revenue -8.92% -3.76% 0.31% -2.17% -4.83%
Basic Earnings Per Share -$4.44 -$0.61 $0.05 -$0.40 -$0.90
Diluted Earnings Per Share -$4.44 -$0.61 $0.05 -$0.40 -$0.90

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021 2020 2019
Cash & Short-Term Investments $75.97M $97.24M $169.8M $1.080M
YoY Change -21.88% -42.74% 15629.18%
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets $9.203M $49.89M $34.42M $405.5K
YoY Change -81.55% 44.93% 8388.85%
Inventory $276.5M $664.7M $1.133B
Prepaid Expenses
Receivables $9.935M $2.350M $6.165M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $371.6M $814.2M $1.343B $1.485M
YoY Change -54.36% -39.38% 90326.42%
Property, Plant & Equipment $7.855M $10.66M $9.930M
YoY Change -26.33% 7.38%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $402.6M
YoY Change
Other Assets $234.0K $227.0K $175.0K
YoY Change 3.08% 29.71%
Total Long-Term Assets $8.089M $10.89M $10.11M $402.6M
YoY Change -25.72% 7.77% -97.49%
Total Assets $379.7M $825.1M $1.353B $404.1M
YoY Change
Accounts Payable $4.946M $4.647M $6.399M $38.92K
YoY Change 6.43% -27.38% 16341.42%
Accrued Expenses $13.86M $28.25M $35.03M $276.4K
YoY Change -50.95% -19.34% 12574.41%
Deferred Revenue
YoY Change
Short-Term Debt $257.2M $666.1M $1.026B $0.00
YoY Change -61.38% -35.09%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $276.0M $699.0M $1.068B $320.0K
YoY Change -60.51% -34.53% 333500.6%
Long-Term Debt $0.00 $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $1.889M $4.228M $27.89M $63.86M
YoY Change -55.32% -84.84% -56.33%
Total Long-Term Liabilities $1.889M $4.228M $27.89M $63.86M
YoY Change -55.32% -84.84% -56.33%
Total Liabilities $277.9M $703.2M $1.096B $64.18M
YoY Change -60.48% -35.81% 1606.89%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2023 2022 2021 2020 2019
Basic Shares Outstanding 26.39M 245.1M 118.6M 57.87M 57.85M
Diluted Shares Outstanding 26.39M 245.1M 143.2M 57.87M 57.85M
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Dividends

Dividends

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Stock Price

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Market Cap: $113.79 Million

About Offerpad Solutions Inc

Offerpad Solutions, Inc. engages in the operation of a real estate platform that enables consumers to seamlessly buy and sell properties using a mobile device. The company is headquartered in Chandler, Arizona and currently employs 350 full-time employees. The company went IPO on 2020-10-21. The firm provides streamlined, data driven iBuying and real estate solutions for the on-demand customer. Its digital Solutions Center platform gives users a holistic, customer-centric experience, enabling them to efficiently sell and buy their homes online with streamlined access to ancillary products and services. Its platform provides a dual approach to helping home sellers. In its cash offer service, sellers can access its website or mobile application to receive a cash offer for their home. Its Flex listing service offering renovate and lists a seller’s home for sale. Its platform provides home buyers the opportunity to browse and tour homes online, get instant access to its listings in certain markets with their mobile devices and submit purchase offers online in a simple process on their own time, with or without an agent. The firm operates in approximately 1,700 cities and towns.

Industry: Real Estate Agents & Managers (For Others) Peers: Doma Holdings Inc CBRE Group Inc Compass Inc Anywhere Real Estate Inc Douglas Elliman Inc Fathom Holdings Inc Redfin Corp Re/Max Holdings Inc