Offerpad Solutions Inc. income statement

In fiscal 2025, Offerpad Solutions Inc. reported revenue of $568m, down 38.2% on the year before, operating income of −$33.4m (a -5.9% margin) and net income of −$46.4m, or −$1.50 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Offerpad Solutions Inc.: income statement, annual
Fiscal year	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMSept 2026
Revenue	1,076	1,064	2,070	3,952	1,314	919	568	350
Cost of revenue	1,001	976	1,863	3,770	1,244	847	526	323
Gross profit	74	88	208	182	70	72	42	27
Research and development	7	7	11	12	8	5	3	3
Selling and marketing	85	77	147	239	117	73	46	32
General and administrative	15	17	30	59	50	41	26	26
Operating income	−33	−14	20	−127	−104	−46	−33	−34
Interest expense	18	10	16	46	19	19	13	8
Income before tax	−52	−23	7	−148	−117	−62	−46	−40
Income tax	0	0	0	0	0	0	0	0
Net income	−52	−23	6	−149	−117	−62	−46	−40
Diluted EPS	−$13.50	−$6.00	$0.68	−$9.09	−$4.44	−$2.27	−$1.50	—
Diluted shares (average)	4m	4m	10m	16m	26m	27m	31m	—
EBITDA	−33	−13	20	−126	−104	−45	−32	−33

US$ millions unless shown otherwise. Fiscal quarters.

Offerpad Solutions Inc.: income statement, quarterly
Quarter	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026	2026 Q3Sept 2026
Revenue	174	161	160	133	114	80	78	78
Cost of revenue	164	150	146	123	106	75	71	72
Gross profit	11	11	14	9	8	6	7	6
Research and development	1	1	1	1	1	1	1	1
Selling and marketing	14	14	13	10	9	8	8	8
General and administrative	10	7	8	5	6	6	7	7
Operating income	−14	−12	−8	−7	−7	−9	−8	−9
Interest expense	4	4	4	4	3	2	1	2
Income before tax	−17	−15	−11	−11	−9	−10	−9	−11
Income tax	−0	0	0	0	−0	0	0	0
Net income	−17	−15	−11	−12	−9	−10	−9	−11
Diluted EPS	−$0.63	−$0.55	−$3.93	−$3.71	$11.50	−$2.20	−$1.94	−$2.30
EBITDA	−14	−11	−7	−7	−7	−9	−8	−9

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

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Figures from Offerpad Solutions Inc.'s SEC filings (10-K and 10-Q), retrieved November 2, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Offerpad Solutions Inc.