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

Offerpad Solutions' Cost of Revenue history runs 7 years deep, the most recent figure standing at $74.5 million for Q1 2026.

• In Q1 2026, Cost of Revenue fell 50.38% year-over-year to $74.5 million; the TTM figure through Mar 2026 stood at $832.6 million (down 14.55% YoY), while the FY2025 annual figure was $525.8 million, down 37.9% from the prior year.
• Cost of Revenue was $74.5 million for Q1 2026 at Offerpad Solutions, down from $488.6 million in the prior quarter.
• In the past five years, Cost of Revenue ranged from a high of $1.1 billion in Q4 2023 to a low of $16.9 million in Q3 2024.
• Historically, Cost of Revenue has averaged $304.3 million across 5 years, with a median of $146.1 million in 2025.
• The sharpest annual moves came in 2022 and 2024: Cost of Revenue jumped 2016.28% in 2022, then slumped 91.98% in 2024.
• A 5-year view of Cost of Revenue shows it stood at $722.1 million in 2022, then jumped by 58.65% to $1.1 billion in 2023, then plunged by 31.3% to $787.1 million in 2024, then plunged by 37.92% to $488.6 million in 2025, then slumped by 84.75% to $74.5 million in 2026.
• The last three Cost of Revenue figures came in at $74.5 million (Q1 2026), $488.6 million (Q4 2025), and $123.3 million (Q3 2025), per Business Quant data.