← Offerpad Solutions Inc.
| Annual Trend | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.1b |
$1.1b
-1.08%
|
$2.1b
+94.54%
|
$4.0b
+90.89%
|
$1.3b
-66.74%
|
$918.8m
-30.10%
|
$567.8m
-38.20%
|
$404.5m
-28.76%
|
|
| Costs of revenue | $1.0b |
$976.5m
-2.50%
|
$1.9b
+90.75%
|
$3.8b
+102.40%
|
$1.2b
-67.00%
|
$846.6m
-31.96%
|
$525.8m
-37.90%
|
— | |
| Gross profit | $74.4m |
$87.8m
+18.00%
|
$207.8m
+136.75%
|
$182.4m
-12.22%
|
$70.2m
-61.53%
|
$72.2m
+2.87%
|
$42.0m
-41.76%
|
$30.0m
-28.59%
|
|
| Technology and development | $7.5m | $7.3m | $10.9m | $12.1m | $7.9m | $4.5m | $3.4m | — | |
| General and administrative | $15.1m | $229k | $30.3m | $58.7m | $50.1m | $40.6m | $26.2m | $24.1m | |
| Total operating expenses | $107.8m | ($291k) | $188.0m | $309.7m | $174.6m | $118.2m | $75.4m | $61.4m | |
| Loss from operations | ($33.4m) |
($13.8m)
+58.81%
|
$19.8m
+243.67%
|
($127.3m)
-744.12%
|
($104.4m)
+17.99%
|
($46.0m)
+55.90%
|
($33.4m)
+27.48%
|
— | |
| Interest expense | ($18.3m) | ($10.0m) | ($15.8m) | ($46.0m) | ($18.9m) | ($18.7m) | ($13.4m) | $9.2m | |
| Other income, net | — | $834k | $248k | $1.5m | $6.1m | $2.4m | $979k | $1.1m | |
| Total other expense | ($18.3m) | ($9.2m) | ($13.1m) | ($20.9m) | ($12.6m) | ($16.1m) | ($12.6m) | — | |
| Loss before income taxes | ($51.7m) | ($23.0m) | $6.6m | ($148.3m) | ($117.1m) | ($62.1m) | ($45.9m) | — | |
| Income tax expense | ($254k) | $5k | ($170k) | ($359k) | ($163k) | ($31k) | ($441k) | $406k | |
| Net loss | ($52.0m) | ($217k) | $6.5m | ($148.6m) | ($117.2m) | ($62.2m) | ($46.4m) | — | |
| Net loss per share, basic | ($1) | ($0) | $0 | ($1) | ($4) | ($2) | ($2) | — | |
| Net loss per share, diluted | ($1) | ($0) | $0 | ($1) | ($4) | ($2) | ($2) | — | |
| Weighted average common shares outstanding, basic | 57.8m | 57.9m | 118.6m | 245.1m | 26.4m | 27.4m | 31.0m | — | |
| Weighted average common shares outstanding, diluted | 57.8m | 57.9m | 143.2m | 245.1m | 26.4m | 27.4m | 31.0m | — | |
| Sales, marketing and operating | $85.2m | $76.8m | $146.9m | $238.9m | $116.6m | $73.1m | $45.8m | — | |
| Change in fair value of warrant liabilities | — | $0 | $2.5m | $23.5m | $68k | $240k | ($130k) | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.