Offerpad Solutions (OPAD) Cost of Revenue (2020 - 2026)

For the trailing twelve months through Jun 30, 2026, Cost of Revenue at Offerpad Solutions was $374.51 million, down 42.5% year-over-year; for FY2025, it came in at $525.77 million, down 37.9% from FY2024.

• Annual Cost of Revenue has declined for three consecutive years, with a five-year compound annual growth rate of -11.6% (FY2020 to FY2025).
• In prior years, Offerpad Solutions' Cost of Revenue was $846.62 million in FY2024 (-32.0%), $1.24 billion in FY2023 (-67.0%), $3.77 billion in FY2022 (+102.4%) and $1.86 billion in FY2021 (+90.7%).
• The Q2 2026 figure stands as the lowest quarterly Cost of Revenue in data going back to Q3 2020.
• On a year-over-year basis, Cost of Revenue has declined in each of the last eight quarters, with an average decline of 36.0% over the last eight quarters.
• The strongest year-over-year quarter for Cost of Revenue in the past five years was Q1 2022, with growth of 395.8%; the weakest was Q2 2023, with a decline of 78.9%.
• According to Business Quant data, Cost of Revenue for the three prior quarters was $74.52 million (Q1 2026), $106.11 million (Q4 2025) and $123.35 million (Q3 2025).