Offerpad Solutions Inc

For the period ended Sep 30, 2024. Filed Nov 4, 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.

Sep 30, 2024 · Filed Nov 4, 2024

OPAD$2.15+1.9%Stored close · as of Nov 9, 2026

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Contents

Condensed Consolidated Statements of Operations

Three Months Ended · Nine Months Ended
	September 30,		September 30,
(in thousands, except per share data) (Unaudited)	2024	2023	2024	2023
Revenue	$208,067	$234,228	$744,547	$1,073,954
Cost of revenue	190,927	210,255	682,941	1,020,465
Gross profit	17,140	23,973	61,606	53,489
Operating expenses:
Sales, marketing and operating	16,864	27,235	59,546	98,626
General and administrative	8,254	14,124	30,747	41,316
Technology and development	947	2,156	3,684	6,709
Total operating expenses	26,065	43,515	93,977	146,651
Loss from operations	(8,925)	(19,542)	(32,371)	(93,162)
Other income (expense):
Change in fair value of warrant liabilities	14	131	349	177
Interest expense	(5,114)	(4,406)	(14,600)	(13,705)
Other income, net	512	3,837	1,881	5,084
Total other expense	(4,588)	(438)	(12,370)	(8,444)
Loss before income taxes	(13,513)	(19,980)	(44,741)	(101,606)
Income tax expense	(24)	(6)	(93)	(171)
Net loss	$(13,537)	$(19,986)	$(44,834)	$(101,777)
Net loss per share, basic	$(0.49)	$(0.73)	$(1.64)	$(3.90)
Net loss per share, diluted	$(0.49)	$(0.73)	$(1.64)	$(3.90)
Weighted average common shares outstanding, basic	27,439	27,276	27,388	26,079
Weighted average common shares outstanding, diluted	27,439	27,276	27,388	26,079

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.