← Offerpad Solutions Inc.
| Annual Trend | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.1b | $1.1b | $2.1b | $4.0b | $1.3b | $918.8m | $567.8m | |
| Gross profit | $74.4m | $87.8m | $207.8m | $182.4m | $70.2m | $72.2m | $42.0m | |
| Total operating expenses | $107.8m | ($291k) | $188.0m | $309.7m | $174.6m | $118.2m | $75.4m | |
| Sales, marketing and operating | $85.2m | $76.8m | $146.9m | $238.9m | $116.6m | $73.1m | $45.8m | |
| General and administrative | $15.1m | $229k | $30.3m | $58.7m | $50.1m | $40.6m | $26.2m | |
| Technology and development | $7.5m | $7.3m | $10.9m | $12.1m | $7.9m | $4.5m | $3.4m | |
| Loss from operations | ($33.4m) | ($13.8m) | $19.8m | ($127.3m) | ($104.4m) | ($46.0m) | ($33.4m) | |
| Change in fair value of warrant liabilities | — | $0 | $2.5m | $23.5m | $68k | $240k | ($130k) | |
| Other income, net | — | $834k | $248k | $1.5m | $6.1m | $2.4m | $979k | |
| Loss before income taxes | ($51.7m) | ($23.0m) | $6.6m | ($148.3m) | ($117.1m) | ($62.1m) | ($45.9m) | |
| 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 | |
| Costs of revenue | $1.0b | $976.5m | $1.9b | $3.8b | $1.2b | $846.6m | $525.8m | |
| Interest expense | ($18.3m) | ($10.0m) | ($15.8m) | ($46.0m) | ($18.9m) | ($18.7m) | ($13.4m) | |
| Income tax expense | ($254k) | $5k | ($170k) | ($359k) | ($163k) | ($31k) | ($441k) | |
| Total other expense | ($18.3m) | ($9.2m) | ($13.1m) | ($20.9m) | ($12.6m) | ($16.1m) | ($12.6m) |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.