$OPAD
Offerpad Solutions Inc.

2024 Q4 Form 10-Q Financial Statement

#000095017024120899 Filed on November 04, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 2024 Q3
Revenue $208.1M
YoY Change -11.17%
Cost Of Revenue $190.9M
YoY Change -9.19%
Gross Profit $17.14M
YoY Change -28.5%
Gross Profit Margin 8.24%
Selling, General & Admin $25.12M
YoY Change -39.27%
% of Gross Profit 146.55%
Research & Development $947.0K
YoY Change -56.08%
% of Gross Profit 5.53%
Depreciation & Amortization $200.0K
YoY Change 0.0%
% of Gross Profit 1.17%
Operating Expenses $26.07M
YoY Change -40.1%
Operating Profit -$8.925M
YoY Change -54.33%
Interest Expense -$5.114M
YoY Change -216.07%
% of Operating Profit
Other Income/Expense, Net -$4.588M
YoY Change 947.49%
Pretax Income -$13.51M
YoY Change -32.37%
Income Tax $24.00K
% Of Pretax Income
Net Earnings -$13.54M
YoY Change -32.27%
Net Earnings / Revenue -6.51%
Basic Earnings Per Share -$0.49
Diluted Earnings Per Share -$0.49
COMMON SHARES
Basic Shares Outstanding 27.37M 27.35M
Diluted Shares Outstanding 27.44M

Balance Sheet

Concept 2024 Q4 2024 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $48.50M
YoY Change -54.24%
Cash & Equivalents $48.50M
Short-Term Investments
Other Short-Term Assets $12.48M
YoY Change -10.25%
Inventory $256.5M
Prepaid Expenses
Receivables $5.589M
Other Receivables $0.00
Total Short-Term Assets $323.0M
YoY Change -21.85%
LONG-TERM ASSETS
Property, Plant & Equipment $5.190M
YoY Change 10.47%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $10.26M
YoY Change 149.83%
Total Long-Term Assets $15.45M
YoY Change 75.47%
TOTAL ASSETS
Total Short-Term Assets $323.0M
Total Long-Term Assets $15.45M
Total Assets $338.5M
YoY Change -19.82%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.564M
YoY Change -59.68%
Accrued Expenses $10.09M
YoY Change -55.16%
Deferred Revenue
YoY Change
Short-Term Debt $250.8M
YoY Change -9.05%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $263.5M
YoY Change -13.49%
LONG-TERM LIABILITIES
Long-Term Debt $0.00
YoY Change
Other Long-Term Liabilities $10.15M
YoY Change 415.69%
Total Long-Term Liabilities $10.15M
YoY Change 415.69%
TOTAL LIABILITIES
Total Short-Term Liabilities $263.5M
Total Long-Term Liabilities $10.15M
Total Liabilities $273.8M
YoY Change -10.8%
SHAREHOLDERS EQUITY
Retained Earnings -$442.7M
YoY Change 15.76%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $64.71M
YoY Change
Total Liabilities & Shareholders Equity $338.5M
YoY Change -19.82%

Cashflow Statement

Concept 2024 Q4 2024 Q3
OPERATING ACTIVITIES
Net Income -$13.54M
YoY Change -32.27%
Depreciation, Depletion And Amortization $200.0K
YoY Change 0.0%
Cash From Operating Activities $39.60M
YoY Change -141.9%
INVESTING ACTIVITIES
Capital Expenditures $883.0K
YoY Change
Acquisitions
YoY Change
Other Investing Activities $2.000K
YoY Change -99.91%
Cash From Investing Activities -$881.0K
YoY Change -138.3%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -53.29M
YoY Change -163.89%
NET CHANGE
Cash From Operating Activities 39.60M
Cash From Investing Activities -881.0K
Cash From Financing Activities -53.29M
Net Change In Cash -14.57M
YoY Change 65.59%
FREE CASH FLOW
Cash From Operating Activities $39.60M
Capital Expenditures $883.0K
Free Cash Flow $38.71M
YoY Change -140.97%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Amendment Flag
AmendmentFlag
false
dei Entity Central Index Key
EntityCentralIndexKey
0001825024
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
CY2024Q3 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2023Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2024Q3 us-gaap Operating Lease Right Of Use Asset Statement Of Financial Position Extensible List
OperatingLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList
http://fasb.org/us-gaap/2024#OtherAssetsNoncurrent
CY2024Q3 us-gaap Operating Lease Liability Current Statement Of Financial Position Extensible List
OperatingLeaseLiabilityCurrentStatementOfFinancialPositionExtensibleList
http://www.offerpad.com/20240930#AccruedAndOtherCurrentLiabilities
CY2024Q3 us-gaap Operating Lease Liability Noncurrent Statement Of Financial Position Extensible List
OperatingLeaseLiabilityNoncurrentStatementOfFinancialPositionExtensibleList
http://fasb.org/us-gaap/2024#OtherLiabilitiesNoncurrent
dei Document Type
DocumentType
10-Q
dei Document Quarterly Report
DocumentQuarterlyReport
true
dei Document Period End Date
DocumentPeriodEndDate
2024-09-30
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2024
dei Document Transition Report
DocumentTransitionReport
false
dei Entity File Number
EntityFileNumber
001-39641
dei Entity Registrant Name
EntityRegistrantName
Offerpad Solutions Inc.
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
DE
dei Entity Tax Identification Number
EntityTaxIdentificationNumber
85-2800538
dei Entity Address Address Line1
EntityAddressAddressLine1
2150 E. Germann Road
dei Entity Address Address Line2
EntityAddressAddressLine2
Suite 1
dei Entity Address City Or Town
EntityAddressCityOrTown
Chandler
dei Entity Address State Or Province
EntityAddressStateOrProvince
AZ
dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
85286
dei City Area Code
CityAreaCode
844
dei Local Phone Number
LocalPhoneNumber
388-4539
dei Security12b Title
Security12bTitle
Class A common stock, $0.0001 par value per share
dei Trading Symbol
TradingSymbol
OPAD
dei Security Exchange Name
SecurityExchangeName
NYSE
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
dei Entity Small Business
EntitySmallBusiness
true
dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
dei Entity Shell Company
EntityShellCompany
false
CY2024Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
27373914
CY2024Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
48504000
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
75967000
CY2024Q3 us-gaap Restricted Cash Current
RestrictedCashCurrent
9922000
CY2023Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
3967000
CY2024Q3 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
5589000
CY2023Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
9935000
CY2024Q3 us-gaap Inventory Net
InventoryNet
256472000
CY2023Q4 us-gaap Inventory Net
InventoryNet
276500000
CY2024Q3 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
2553000
CY2023Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
5236000
CY2024Q3 us-gaap Assets Current
AssetsCurrent
323040000
CY2023Q4 us-gaap Assets Current
AssetsCurrent
371605000
CY2024Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
5190000
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
4517000
CY2024Q3 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
10258000
CY2023Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
3572000
CY2024Q3 us-gaap Assets
Assets
338488000
CY2023Q4 us-gaap Assets
Assets
379694000
CY2024Q3 us-gaap Accounts Payable Current
AccountsPayableCurrent
2564000
CY2023Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
4946000
CY2024Q3 opad Accrued And Other Current Liabilities
AccruedAndOtherCurrentLiabilities
10090000
CY2023Q4 opad Accrued And Other Current Liabilities
AccruedAndOtherCurrentLiabilities
13859000
CY2024Q3 opad Secured Credit Facilities And Notes Payable
SecuredCreditFacilitiesAndNotesPayable
216439000
CY2023Q4 opad Secured Credit Facilities And Notes Payable
SecuredCreditFacilitiesAndNotesPayable
227132000
CY2024Q3 opad Secured Credit Facilities And Notes Payable Net Related Party
SecuredCreditFacilitiesAndNotesPayableNetRelatedParty
34406000
CY2023Q4 opad Secured Credit Facilities And Notes Payable Net Related Party
SecuredCreditFacilitiesAndNotesPayableNetRelatedParty
30092000
CY2024Q3 us-gaap Liabilities Current
LiabilitiesCurrent
263499000
CY2023Q4 us-gaap Liabilities Current
LiabilitiesCurrent
276029000
CY2024Q3 us-gaap Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
122000
CY2023Q4 us-gaap Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
471000
CY2024Q3 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
10154000
CY2023Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
1418000
CY2024Q3 us-gaap Liabilities
Liabilities
273775000
CY2023Q4 us-gaap Liabilities
Liabilities
277918000
CY2024Q3 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
507431000
CY2023Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
499660000
CY2024Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-442721000
CY2023Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-397887000
CY2024Q3 us-gaap Stockholders Equity
StockholdersEquity
64713000
CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
101776000
CY2024Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
338488000
CY2023Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
379694000
CY2024Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
208067000
CY2023Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
234228000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
744547000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1073954000
CY2024Q3 us-gaap Cost Of Revenue
CostOfRevenue
190927000
CY2023Q3 us-gaap Cost Of Revenue
CostOfRevenue
210255000
us-gaap Cost Of Revenue
CostOfRevenue
682941000
us-gaap Cost Of Revenue
CostOfRevenue
1020465000
CY2024Q3 us-gaap Gross Profit
GrossProfit
17140000
CY2023Q3 us-gaap Gross Profit
GrossProfit
23973000
us-gaap Gross Profit
GrossProfit
61606000
us-gaap Gross Profit
GrossProfit
53489000
CY2024Q3 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
16864000
CY2023Q3 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
27235000
us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
59546000
us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
98626000
CY2024Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
8254000
CY2023Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
14124000
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
30747000
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
41316000
CY2024Q3 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
947000
CY2023Q3 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
2156000
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
3684000
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
6709000
CY2024Q3 us-gaap Operating Expenses
OperatingExpenses
26065000
CY2023Q3 us-gaap Operating Expenses
OperatingExpenses
43515000
us-gaap Operating Expenses
OperatingExpenses
93977000
us-gaap Operating Expenses
OperatingExpenses
146651000
CY2024Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-8925000
CY2023Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-19542000
us-gaap Operating Income Loss
OperatingIncomeLoss
-32371000
us-gaap Operating Income Loss
OperatingIncomeLoss
-93162000
CY2024Q3 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
-14000
CY2023Q3 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
-131000
us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
-349000
us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
-177000
CY2024Q3 us-gaap Interest Expense Nonoperating
InterestExpenseNonoperating
5114000
CY2023Q3 us-gaap Interest Expense Nonoperating
InterestExpenseNonoperating
4406000
us-gaap Interest Expense Nonoperating
InterestExpenseNonoperating
14600000
us-gaap Interest Expense Nonoperating
InterestExpenseNonoperating
13705000
CY2024Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
512000
CY2023Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
3837000
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
1881000
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
5084000
CY2024Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-4588000
CY2023Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-438000
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-12370000
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-8444000
CY2024Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-13513000
CY2023Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-19980000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-44741000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-101606000
CY2024Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
24000
CY2023Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
6000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
93000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
171000
CY2024Q3 us-gaap Net Income Loss
NetIncomeLoss
-13537000
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
-19986000
us-gaap Net Income Loss
NetIncomeLoss
-44834000
us-gaap Net Income Loss
NetIncomeLoss
-101777000
CY2024Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.49
CY2023Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.73
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.64
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-3.9
CY2024Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.49
CY2023Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.73
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.64
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-3.9
CY2024Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
27439000
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
27276000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
27388000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
26079000
CY2024Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
27439000
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
27276000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
27388000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
26079000
CY2024Q2 us-gaap Stockholders Equity
StockholdersEquity
77567000
CY2024Q3 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
1000
CY2024Q3 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
-33000
CY2024Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
715000
CY2024Q3 us-gaap Net Income Loss
NetIncomeLoss
-13537000
CY2024Q3 us-gaap Stockholders Equity
StockholdersEquity
64713000
CY2023Q2 us-gaap Stockholders Equity
StockholdersEquity
133211000
CY2023Q3 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
-25000
CY2023Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
2017000
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
-19986000
CY2023Q3 us-gaap Stockholders Equity
StockholdersEquity
115217000
CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
101776000
us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
17000
us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
-77000
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
7831000
us-gaap Net Income Loss
NetIncomeLoss
-44834000
CY2024Q3 us-gaap Stockholders Equity
StockholdersEquity
64713000
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
121877000
us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
53000
us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
-78000
opad Issuanceo F Pre Funded Warrants Net
IssuanceoFPreFundedWarrantsNet
89216000
opad Exercise Of Pre Funded Warrants
ExerciseOfPreFundedWarrants
11000
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
5915000
us-gaap Net Income Loss
NetIncomeLoss
-101777000
CY2023Q3 us-gaap Stockholders Equity
StockholdersEquity
115217000
us-gaap Profit Loss
ProfitLoss
-44834000
us-gaap Profit Loss
ProfitLoss
-101777000
us-gaap Depreciation
Depreciation
464000
us-gaap Depreciation
Depreciation
556000
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
1466000
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
3080000
us-gaap Inventory Write Down
InventoryWriteDown
2016000
us-gaap Inventory Write Down
InventoryWriteDown
8372000
us-gaap Share Based Compensation
ShareBasedCompensation
7831000
us-gaap Share Based Compensation
ShareBasedCompensation
5915000
us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
-349000
us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
-177000
us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
0
us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
1994000
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-62000
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-30000
us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
-4346000
us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
1524000
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-18012000
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-366728000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-3920000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-3541000
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-2382000
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
1712000
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-2956000
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-7507000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-12404000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
276955000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1245000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
90000
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
46000
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
0
us-gaap Payments For Derivative Instrument Investing Activities
PaymentsForDerivativeInstrumentInvestingActivities
0
us-gaap Payments For Derivative Instrument Investing Activities
PaymentsForDerivativeInstrumentInvestingActivities
2569000
us-gaap Proceeds From Derivative Instrument Investing Activities
ProceedsFromDerivativeInstrumentInvestingActivities
0
us-gaap Proceeds From Derivative Instrument Investing Activities
ProceedsFromDerivativeInstrumentInvestingActivities
2981000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1199000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
322000
opad Borrowings From Credit Facilities And Notes Payable
BorrowingsFromCreditFacilitiesAndNotesPayable
628105000
opad Borrowings From Credit Facilities And Notes Payable
BorrowingsFromCreditFacilitiesAndNotesPayable
687715000
opad Repayments Of Credit Facilities And Notes Payable
RepaymentsOfCreditFacilitiesAndNotesPayable
635877000
opad Repayments Of Credit Facilities And Notes Payable
RepaymentsOfCreditFacilitiesAndNotesPayable
1080821000
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
73000
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
264000
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
17000
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
53000
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
77000
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
78000
opad Borrowings From Warehouse Lending Facility
BorrowingsFromWarehouseLendingFacility
0
opad Borrowings From Warehouse Lending Facility
BorrowingsFromWarehouseLendingFacility
21951000
opad Repayments Of Warehouse Lending Facility
RepaymentsOfWarehouseLendingFacility
0
opad Repayments Of Warehouse Lending Facility
RepaymentsOfWarehouseLendingFacility
21951000
us-gaap Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
0
us-gaap Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
90000000
us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
0
us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
11000
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
-784000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-7905000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-304168000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-21508000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-26891000
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
79934000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
140299000
CY2024Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
58426000
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
113408000
CY2024Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
48504000
CY2023Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
105999000
CY2024Q3 us-gaap Restricted Cash
RestrictedCash
9922000
CY2023Q3 us-gaap Restricted Cash
RestrictedCash
7409000
CY2024Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
58426000
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
113408000
us-gaap Interest Paid Net
InterestPaidNet
19204000
us-gaap Interest Paid Net
InterestPaidNet
23406000
us-gaap Use Of Estimates
UseOfEstimates
<p style="margin-left:2.667%;font-size:10pt;margin-top:6pt;font-family:Times New Roman;margin-bottom:0;margin-right:2.667%;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:italic;min-width:fit-content;">Use of Estimates</span></p><p style="margin-left:2.667%;font-size:10pt;margin-top:6pt;font-family:Times New Roman;margin-bottom:0;margin-right:2.667%;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">The preparation of the Company’s condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues, and expenses and the disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements. Significant estimates include those related to the net realizable value of real estate inventory, among others. Actual results could differ from those estimates.</span></p>
CY2024Q3 us-gaap Inventory Write Down
InventoryWriteDown
800000
CY2023Q3 us-gaap Inventory Write Down
InventoryWriteDown
900000
us-gaap Inventory Write Down
InventoryWriteDown
2000000
us-gaap Inventory Write Down
InventoryWriteDown
8400000
CY2024Q3 us-gaap Inventory Real Estate Construction In Process
InventoryRealEstateConstructionInProcess
29737000
CY2023Q4 us-gaap Inventory Real Estate Construction In Process
InventoryRealEstateConstructionInProcess
53116000
CY2024Q3 us-gaap Inventory Finished Homes
InventoryFinishedHomes
169433000
CY2023Q4 us-gaap Inventory Finished Homes
InventoryFinishedHomes
148648000
CY2024Q3 opad Inventory Homes Under Contract To Sell
InventoryHomesUnderContractToSell
57302000
CY2023Q4 opad Inventory Homes Under Contract To Sell
InventoryHomesUnderContractToSell
74736000
CY2024Q3 us-gaap Inventory Net
InventoryNet
256472000
CY2023Q4 us-gaap Inventory Net
InventoryNet
276500000
opad Payment To Acquire Options
PaymentToAcquireOptions
2600000
CY2023Q3 opad Change In Fair Value Of Derivative Instrument
ChangeInFairValueOfDerivativeInstrument
2700000
opad Change In Fair Value Of Derivative Instrument
ChangeInFairValueOfDerivativeInstrument
2000000
CY2024Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
8779000
CY2023Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
7725000
CY2024Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
3589000
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
3208000
CY2024Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
5190000
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
4517000
CY2024Q3 us-gaap Depreciation
Depreciation
200000
CY2023Q3 us-gaap Depreciation
Depreciation
200000
us-gaap Depreciation
Depreciation
500000
us-gaap Depreciation
Depreciation
600000
CY2024Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
800000
CY2023Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
600000
CY2024Q3 us-gaap Short Term Lease Cost
ShortTermLeaseCost
100000
CY2023Q3 us-gaap Short Term Lease Cost
ShortTermLeaseCost
100000
us-gaap Operating Lease Cost
OperatingLeaseCost
2600000
us-gaap Operating Lease Cost
OperatingLeaseCost
1800000
us-gaap Short Term Lease Cost
ShortTermLeaseCost
100000
us-gaap Short Term Lease Cost
ShortTermLeaseCost
100000
CY2024Q3 opad Leases Incentive Allowances
LeasesIncentiveAllowances
900000
opad Leases Incentive Allowances
LeasesIncentiveAllowances
1200000
CY2024Q3 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
0
CY2024Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P9Y3M18D
CY2023Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P1Y9M18D
CY2024Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.072
CY2023Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.043
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
518000
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
2794000
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
2089000
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
1949000
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
1922000
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
1974000
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
11862000
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
23108000
CY2024Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
6889000
CY2024Q3 us-gaap Incentive From Lessor
IncentiveFromLessor
4649000
CY2024Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
11570000
CY2024Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
9123000
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
3338000
CY2024Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
1416000
CY2023Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
2271000
CY2024Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
10154000
CY2023Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
1418000
CY2024Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
11570000
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
3689000
CY2024Q3 opad Accrued Home Renovation Payable Current
AccruedHomeRenovationPayableCurrent
3150000
CY2023Q4 opad Accrued Home Renovation Payable Current
AccruedHomeRenovationPayableCurrent
3534000
CY2024Q3 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
1671000
CY2023Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
3200000
CY2024Q3 us-gaap Interest Payable Current
InterestPayableCurrent
1563000
CY2023Q4 us-gaap Interest Payable Current
InterestPayableCurrent
1989000
CY2024Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
1416000
CY2023Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
2271000
CY2024Q3 us-gaap Accrued Marketing Costs Current
AccruedMarketingCostsCurrent
485000
CY2023Q4 us-gaap Accrued Marketing Costs Current
AccruedMarketingCostsCurrent
999000
CY2024Q3 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
312000
CY2023Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
392000
CY2024Q3 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
1493000
CY2023Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
1474000
CY2024Q3 opad Accrued And Other Current Liabilities
AccruedAndOtherCurrentLiabilities
10090000
CY2023Q4 opad Accrued And Other Current Liabilities
AccruedAndOtherCurrentLiabilities
13859000
CY2024Q3 us-gaap Advertising Expense
AdvertisingExpense
2200000
CY2023Q3 us-gaap Advertising Expense
AdvertisingExpense
8600000
us-gaap Advertising Expense
AdvertisingExpense
10100000
us-gaap Advertising Expense
AdvertisingExpense
27500000
CY2024Q3 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
833000
CY2023Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
2226000
CY2024Q3 us-gaap Notes And Loans Payable
NotesAndLoansPayable
250845000
CY2023Q4 us-gaap Notes And Loans Payable
NotesAndLoansPayable
257224000
CY2024Q3 us-gaap Notes And Loans Payable Current
NotesAndLoansPayableCurrent
216439000
CY2023Q4 us-gaap Notes And Loans Payable Current
NotesAndLoansPayableCurrent
227132000
CY2024Q3 opad Notes And Loans Payable Related Parties Current
NotesAndLoansPayableRelatedPartiesCurrent
34406000
CY2023Q4 opad Notes And Loans Payable Related Parties Current
NotesAndLoansPayableRelatedPartiesCurrent
30092000
CY2024Q3 us-gaap Notes And Loans Payable
NotesAndLoansPayable
250845000
CY2023Q4 us-gaap Notes And Loans Payable
NotesAndLoansPayable
257224000
opad Warrantsexpirationperiodaftercompletionofbusinesscombinationorearlieruponredemptionorliquidationdate
Warrantsexpirationperiodaftercompletionofbusinesscombinationorearlieruponredemptionorliquidationdate
2026-09-01
CY2023Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Transfers Net
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityTransfersNet
0
CY2024Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Transfers Net
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityTransfersNet
0
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Transfers Net
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityTransfersNet
0
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Transfers Net
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityTransfersNet
0
CY2024Q3 opad Shares Authorized
SharesAuthorized
2100000000
CY2024Q3 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0
CY2024Q3 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
100000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
100000
CY2024Q3 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
400000
us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P0Y9M
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
700000
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
1500000
CY2024Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
715000
CY2023Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
2017000
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
7831000
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
5915000
CY2024Q3 us-gaap Net Income Loss
NetIncomeLoss
-13537000
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
-19986000
us-gaap Net Income Loss
NetIncomeLoss
-44834000
us-gaap Net Income Loss
NetIncomeLoss
-101777000
CY2024Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
27439000
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
27276000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
27388000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
26079000
CY2024Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0
CY2023Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0
CY2024Q3 opad Incremental Common Shares Attributable To Dilutive Effect Of Restricted Stock Units
IncrementalCommonSharesAttributableToDilutiveEffectOfRestrictedStockUnits
0
CY2023Q3 opad Incremental Common Shares Attributable To Dilutive Effect Of Restricted Stock Units
IncrementalCommonSharesAttributableToDilutiveEffectOfRestrictedStockUnits
0
opad Incremental Common Shares Attributable To Dilutive Effect Of Restricted Stock Units
IncrementalCommonSharesAttributableToDilutiveEffectOfRestrictedStockUnits
0
opad Incremental Common Shares Attributable To Dilutive Effect Of Restricted Stock Units
IncrementalCommonSharesAttributableToDilutiveEffectOfRestrictedStockUnits
0
CY2024Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
27439000
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
27276000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
27388000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
26079000
CY2024Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.49
CY2023Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.73
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.64
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-3.9
CY2024Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.49
CY2023Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.73
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.64
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-3.9
CY2024Q3 us-gaap Dilutive Securities
DilutiveSecurities
0
CY2023Q3 us-gaap Dilutive Securities
DilutiveSecurities
0
us-gaap Dilutive Securities
DilutiveSecurities
0
us-gaap Dilutive Securities
DilutiveSecurities
0
CY2024Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.002
CY2023Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.001
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.002
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.002
CY2024Q3 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2024Q3 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
111000000
CY2024Q3 us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
263000
CY2023Q3 us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
255000
us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
837000
us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
1243000
CY2024Q3 opad Contractual Obligation To Purchase Home
ContractualObligationToPurchaseHome
218
CY2024Q3 us-gaap Contractual Obligation
ContractualObligation
59900000
CY2024Q3 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q3 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q3 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2024Q3 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false

Files In Submission

Name View Source Status
0000950170-24-120899-index-headers.html Edgar Link pending
0000950170-24-120899-index.html Edgar Link pending
0000950170-24-120899.txt Edgar Link pending
0000950170-24-120899-xbrl.zip Edgar Link pending
Financial_Report.xlsx Edgar Link pending
img223558927_0.jpg Edgar Link pending
MetaLinks.json Edgar Link pending
opad-20240930.htm Edgar Link pending
opad-20240930.xsd Edgar Link pending
opad-ex31_1.htm Edgar Link pending
opad-ex31_2.htm Edgar Link pending
opad-ex32_1.htm Edgar Link pending
opad-ex32_2.htm Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
opad-20240930_htm.xml Edgar Link completed
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R57.htm Edgar Link pending
R58.htm Edgar Link pending
R59.htm Edgar Link pending
R6.htm Edgar Link pending
R60.htm Edgar Link pending
R61.htm Edgar Link pending
R62.htm Edgar Link pending
R63.htm Edgar Link pending
R64.htm Edgar Link pending
R65.htm Edgar Link pending
R66.htm Edgar Link pending
R67.htm Edgar Link pending
R68.htm Edgar Link pending
R69.htm Edgar Link pending
R7.htm Edgar Link pending
R70.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
FilingSummary.xml Edgar Link unprocessable