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Income Statement
Balance Sheet
Cash Flow Statement

Common Size IS
Op Efficiency
Credit Analysis

Offerpad Solutions Inc.

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
 
In millions, except per share itemsDec-31-22Dec-31-21Dec-31-20Dec-31-19
   10-K10-K10-K10-K
Revenues  3,952.32,070.41,064.31,075.9
            Revenue growth  90.9%94.5%-1.1% 
Cost of goods sold  3,769.91,862.6976.51,001.5
Gross profit  182.4207.887.874.4
            Gross margin  4.6%10.0%8.2%6.9%
Selling, general and administrative   [+]297.6177.294.3100.3
Research and development  12.110.97.37.5
EBITDA   [+]-126.320.3-13.3-33.0
            EBITDA margin  -3.2%1.0%-1.3%-3.1%
Depreciation and amortization  1.00.50.40.4
EBIT   [+]-127.319.8-13.8-33.4
            EBIT margin  -3.2%1.0%-1.3%-3.1%
Interest expense  46.015.810.018.3
Other income (expense), net   [+]25.12.70.8 
Pre-tax income  -148.36.6-23.0-51.7
Income taxes  0.40.20.20.3
            Tax rate   2.6%  
Net income  -148.66.5-23.1-52.0
            Net margin  -3.8%0.3%-2.2%-4.8%
   
Basic EPS   [+]($0.61)$0.05($0.40)($0.90)
Diluted EPS   [+]($0.61)$0.05($0.40)($0.90)
   
Shares outstanding (basic)   [+]245.1118.657.957.8
Shares outstanding (diluted)   [+]245.1143.257.957.8
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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