Offerpad Solutions Inc. (OPAD) Financial Statements (2024 and earlier)

Company Profile

Business Address 2150 E. GERMANN ROAD
CHANDLER, AZ 85286
State of Incorp.
Fiscal Year End December 31
Industry (SIC) 6531 - Real Estate Agents and Managers (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments971701
Cash and cash equivalents971701
Restricted cash and investments4325 
Receivables26 
Inventory, net of allowances, customer advances and progress billings6651,133 
Inventory6651,133 
Prepaid expense   0
Other undisclosed current assets710 
Total current assets:8141,3431
Noncurrent Assets
Property, plant and equipment55 
Other noncurrent assets65 
Other undisclosed noncurrent assets   403
Total noncurrent assets:1110403
TOTAL ASSETS:8251,353404
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities27320
Interest and dividends payable4 
Taxes payable 0
Employee-related liabilities13 
Accounts payable560
Accrued liabilities2390
Debt606862 
Other undisclosed current liabilities66174 
Total current liabilities:6991,0680
Noncurrent Liabilities
Long-term debt and lease obligation  8 
Long-term debt, excluding current maturities  4 
Liabilities, other than long-term debt4 50
Other liabilities4  
Operating lease, liability  4 
Derivative instruments and hedges, liabilities   50
Other undisclosed noncurrent liabilities11614
Total noncurrent liabilities:42864
Total liabilities:7031,09664
Equity
Equity, attributable to parent, including:1222585
Additional paid in capital40339030
Accumulated deficit(281)(132)(25)
Other undisclosed equity, attributable to parent000
Other undisclosed equity   335
Total equity:122258340
TOTAL LIABILITIES AND EQUITY:8251,353404

Income Statement (P&L) ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
Revenues3,9522,070 
Cost of revenue(3,770)(1,863) 
Gross profit:182208 
Operating expenses(310)(188) 
Operating income (loss):(127)20 
Nonoperating expense(21)(13) 
Other nonoperating income20 
Interest and debt expense(46)(16) 
Loss from continuing operations before equity method investments, income taxes:(194)(9) 
Other undisclosed income from continuing operations before income taxes4616 
Income (loss) from continuing operations before income taxes:(148)7 
Income tax expense(0)(0) 
Income (loss) from continuing operations:(149)6 
Income before gain (loss) on sale of properties:6
Net income (loss) available to common stockholders, diluted:(149)6 

Comprehensive Income ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
Net income (loss):(149)6 
Comprehensive income (loss), net of tax, attributable to parent:(149)6 

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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