Offerpad Solutions Inc

For the period ended Jun 30, 2024. Filed Aug 5, 2024.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Jun 30, 2024 · Filed Aug 5, 2024

OPAD$2.11-1.9%Stored close · as of Nov 10, 2026

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Contents

Condensed Consolidated Statements of Operations

Three Months Ended · Six Months Ended
	June 30,		June 30,
(in thousands, except per share data) (Unaudited)	2024	2023	2024	2023
Revenue	$251,122	$230,147	$536,480	$839,726
Cost of revenue	229,251	207,916	492,014	810,210
Gross profit	21,871	22,231	44,466	29,516
Operating expenses:
Sales, marketing and operating	20,230	29,040	42,682	71,391
General and administrative	10,538	12,713	22,493	27,192
Technology and development	964	2,312	2,737	4,553
Total operating expenses	31,732	44,065	67,912	103,136
Loss from operations	(9,861)	(21,834)	(23,446)	(73,620)
Other income (expense):
Change in fair value of warrant liabilities	(9)	435	335	46
Interest expense	(4,581)	(1,867)	(9,486)	(9,299)
Other income, net	615	965	1,369	1,247
Total other expense	(3,975)	(467)	(7,782)	(8,006)
Loss before income taxes	(13,836)	(22,301)	(31,228)	(81,626)
Income tax benefit (expense)	54	(43)	(69)	(165)
Net loss	$(13,782)	$(22,344)	$(31,297)	$(81,791)
Net loss per share, basic	$(0.50)	$(0.82)	$(1.14)	$(3.21)
Net loss per share, diluted	$(0.50)	$(0.82)	$(1.14)	$(3.21)
Weighted average common shares outstanding, basic	27,385	27,258	27,362	25,470
Weighted average common shares outstanding, diluted	27,385	27,258	27,362	25,470

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.