Offerpad Solutions Inc.
For the period ended Mar 31, 2025. Filed May 5, 2025.
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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.
Mar 31, 2025 · Filed May 5, 2025
OPAD$2.15+1.9%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Operations
| Three Months Ended | ||
|---|---|---|
| March 31, | ||
| (in thousands, except per share data) (Unaudited) | 2025 | 2024 |
| Revenue | $160,698 | $285,358 |
| Cost of revenue | 150,191 | 262,763 |
| Gross profit | 10,507 | 22,595 |
| Operating expenses: | ||
| Sales, marketing and operating | 13,828 | 22,452 |
| General and administrative | 7,196 | 11,955 |
| Technology and development | 1,020 | 1,773 |
| Total operating expenses | 22,044 | 36,180 |
| Loss from operations | (11,537) | (13,585) |
| Other income (expense): | ||
| Change in fair value of warrant liabilities | (257) | 344 |
| Interest expense | (3,522) | (4,905) |
| Other income, net | 296 | 754 |
| Total other expense | (3,483) | (3,807) |
| Loss before income taxes | (15,020) | (17,392) |
| Income tax expense | (37) | (123) |
| Net loss | $(15,057) | $(17,515) |
| Net loss per share, basic | $(0.55) | $(0.64) |
| Net loss per share, diluted | $(0.55) | $(0.64) |
| Weighted average common shares outstanding, basic | 27,564 | 27,339 |
| Weighted average common shares outstanding, diluted | 27,564 | 27,339 |
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