Offerpad Solutions reported revenue of $77.65M and net income of -$9.29M for the quarter ended Jun 2026, down 51.6% year over year. This income statement covers 25 quarters of results from Dec 2019 through Jun 2026, standardized by Business Quant from the company’s SEC filings.
| Income Statement | Dec2019 | Sep2020 | Dec2020 | Mar2021 | Jun2021 | Sep2021 | Dec2021 | Mar2022 | Jun2022 | Sep2022 | Dec2022 | Mar2023 | Jun2023 | Sep2023 | Dec2023 | Mar2024 | Jun2024 | Sep2024 | Dec2024 | Mar2025 | Jun2025 | Sep2025 | Dec2025 | Mar2026 | Jun2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue & cost | |||||||||||||||||||||||||
| Revenue | 540.29M | 867.54M | 1,373.84M | 1,079.53M | 821.73M | 677.21M | 609.58M | 230.15M | 234.23M | 240.46M | 285.36M | 251.12M | 208.07M | 174.27M | 160.70M | 160.31M | 132.68M | 114.12M | 80.08M | 77.65M | |||||
| Cost of RevenueCost of Rev | 487.17M | 797.25M | 1,241.69M | 986.55M | 819.57M | 722.07M | 602.29M | 207.92M | 210.25M | 223.77M | 262.76M | 229.25M | 190.93M | 163.68M | 150.19M | 146.13M | 123.34M | 106.11M | 74.52M | 70.54M | |||||
| Gross Profit | 53.12M | 70.29M | 132.14M | 92.98M | 2.16M | -44.86M | 7.29M | 22.23M | 23.97M | 16.69M | 22.59M | 21.87M | 17.14M | 10.59M | 10.51M | 14.19M | 9.34M | 8.01M | 5.56M | 7.12M | |||||
| Operating items | |||||||||||||||||||||||||
| Research & DevelopmentR&D | 38.73M | 51.47M | 69.89M | 65.24M | 55.04M | 48.76M | 42.35M | 29.04M | 27.23M | 17.93M | 22.45M | 20.23M | 16.86M | 13.54M | 13.83M | 13.19M | 10.14M | 8.68M | 7.57M | 7.62M | |||||
| Selling, General & AdministrativeSG&A | 8.16M | 12.29M | 14.66M | 16.12M | 14.64M | 13.30M | 14.48M | 12.71M | 14.12M | 8.78M | 11.96M | 10.54M | 8.25M | 9.87M | 7.20M | 7.80M | 5.15M | 6.05M | 6.13M | 6.78M | |||||
| Other Operating ExpensesOther Opex | 2.78M | 3.20M | 3.18M | 3.24M | 2.69M | 2.98M | 2.24M | 2.31M | 2.16M | 1.24M | 1.77M | 0.96M | 0.95M | 0.84M | 1.02M | 0.99M | 0.79M | 0.61M | 0.89M | 0.95M | |||||
| Operating ExpensesOpex | 49.66M | 66.96M | 87.73M | 84.60M | 72.37M | 65.04M | 59.07M | 44.06M | 43.52M | 27.94M | 36.18M | 31.73M | 26.07M | 24.26M | 22.04M | 21.97M | 16.08M | 15.34M | 14.59M | 15.36M | |||||
| Operating IncomeOp. Inc | 3.46M | 3.33M | 44.41M | 8.38M | -70.21M | -109.90M | -51.79M | -21.83M | -19.54M | -11.25M | -13.59M | -9.86M | -8.93M | -13.67M | -11.54M | -7.78M | -6.74M | -7.33M | -9.03M | -8.24M | |||||
| EBIT | 3.46M | 3.33M | 44.41M | 8.38M | -70.21M | -109.90M | -51.79M | -21.83M | -19.54M | -11.25M | -13.59M | -9.86M | -8.93M | -13.67M | -11.54M | -7.78M | -6.74M | -7.33M | -9.03M | -8.24M | |||||
| Non-operating items | |||||||||||||||||||||||||
| Non Operating Interest Expenses | 5.50M | 6.18M | 7.20M | 7.77M | 15.89M | 15.13M | 7.43M | 1.87M | 4.41M | 5.15M | 4.91M | 4.58M | 5.11M | 4.08M | 3.52M | 3.67M | 3.65M | 2.57M | 1.62M | 1.39M | |||||
| Non Operating Investment IncomeNon-Op. Investment Inc. | |||||||||||||||||||||||||
| Other Non Operating IncomeOther Non Op Inc. | 0.00M | 0.02M | 0.64M | 0.86M | 0.28M | 0.96M | 3.84M | 1.06M | 0.75M | 0.61M | 0.51M | 0.48M | 0.30M | 0.24M | 0.15M | 0.29M | 0.36M | 0.23M | |||||||
| Non Operating IncomeNon Op. Inc. | -18.68M | 9.47M | -1.53M | 4.79M | -13.29M | -10.91M | -7.54M | -0.47M | -0.44M | -4.20M | -3.81M | -3.98M | -4.59M | -3.72M | -3.48M | -3.09M | -4.48M | -1.50M | -1.09M | -1.03M | |||||
| Net income details | |||||||||||||||||||||||||
| EBT | -15.22M | 12.81M | 42.89M | 13.17M | -83.50M | -120.86M | -59.33M | -22.30M | -19.98M | -15.49M | -17.39M | -13.84M | -13.51M | -17.39M | -15.02M | -10.87M | -11.22M | -8.83M | -10.12M | -9.27M | |||||
| Tax ProvisionsTaxes | 0.10M | -1.59M | 1.90M | 1.61M | -3.50M | -31.17M | 0.12M | 0.04M | 0.01M | -24.75M | 0.12M | -0.05M | 0.02M | -13.14M | 0.04M | 0.03M | 0.38M | -10.10M | 0.02M | 0.02M | |||||
| Profit After TaxPAT | -15.30M | 12.81M | 40.99M | 11.56M | -80.02M | -121.14M | -59.45M | -22.34M | -19.99M | -15.44M | -17.52M | -13.78M | -13.54M | -17.32M | -15.06M | -10.90M | -11.60M | -8.82M | -10.13M | -9.29M | |||||
| Income from Continuing OperationsIncome (Continuing) | -15.32M | 14.40M | 40.99M | 11.56M | -80.00M | -89.69M | -59.45M | -22.34M | -19.99M | 9.26M | -17.52M | -13.78M | -13.54M | -4.25M | -15.06M | -10.90M | -11.60M | 1.27M | -10.13M | -9.29M | |||||
| Consolidated Net IncomeConsol Net Inc. | -15.32M | 14.40M | 40.99M | 11.56M | -80.00M | -89.69M | -59.45M | -22.34M | -19.99M | 9.26M | -17.52M | -13.78M | -13.54M | -4.25M | -15.06M | -10.90M | -11.60M | 1.27M | -10.13M | -9.29M | |||||
| Income towards Parent CompanyParent Net Inc | -15.32M | 14.40M | 40.99M | 11.56M | -80.00M | -89.69M | -59.45M | -22.34M | -19.99M | 9.26M | -17.52M | -13.78M | -13.54M | -4.25M | -15.06M | -10.90M | -11.60M | 1.27M | -10.13M | -9.29M | |||||
| Net Income towards Common StockholdersNet Income | -15.32M | 14.40M | 40.99M | 11.56M | -80.00M | -89.69M | -59.45M | -22.34M | -19.99M | 9.26M | -17.52M | -13.78M | -13.54M | -4.25M | -15.06M | -10.90M | -11.60M | 1.27M | -10.13M | -9.29M | |||||
| Additional items | |||||||||||||||||||||||||
| EPS (Basic) | -19.81 | 18.21 | 25.60 | 7.05 | -48.55 | -54.88 | -25.12 | -8.20 | -7.33 | 3.51 | -6.41 | -5.03 | -4.93 | -1.55 | -5.46 | -3.93 | -3.71 | 0.41 | -2.19 | -1.94 | |||||
| EPS (Diluted) | -19.81 | 15.08 | 23.68 | 6.65 | -48.55 | -54.88 | -25.12 | -8.20 | -7.33 | 3.51 | -6.41 | -5.03 | -4.93 | -1.55 | -5.46 | -3.93 | -3.71 | 0.41 | -2.19 | -1.94 | |||||
| Shares Outstanding | 0.77M | 0.79M | 1.60M | 1.64M | 1.65M | 1.63M | 2.37M | 2.73M | 2.73M | 2.64M | 2.73M | 2.74M | 2.74M | 2.74M | 2.76M | 2.78M | 3.13M | 3.10M | 4.62M | 4.79M | |||||
| Shares Outstanding (Diluted)Shares Outstanding (Dil.) | 0.77M | 0.95M | 1.73M | 1.74M | 1.65M | 1.63M | 2.37M | 2.73M | 2.73M | 2.64M | 2.73M | 2.74M | 2.74M | 2.74M | 2.76M | 2.78M | 3.13M | 3.10M | 4.62M | 4.79M | |||||
| Shares Outstanding (Entity)Shares Outstanding (Entity.) | 1.59M | 1.59M | 1.63M | 1.65M | 1.65M | 1.65M | 2.65M | 2.72M | 2.72M | 2.73M | 2.73M | 2.74M | 2.74M | 2.74M | 2.75M | 3.06M | 3.69M | 3.10M | 4.73M | 4.83M | |||||
| EBITDA | 3.46M | 3.33M | 44.41M | 8.38M | -70.21M | -109.90M | -51.79M | -21.83M | -19.54M | -11.25M | -13.59M | -9.86M | -8.93M | -13.67M | -11.54M | -7.78M | -6.74M | -7.33M | -9.03M | -8.24M | |||||
| Interest ExpensesInt Expense | 5.50M | 6.18M | 7.20M | 7.77M | 15.89M | 15.13M | 7.43M | 1.87M | 4.41M | 5.15M | 4.91M | 4.58M | 5.11M | 4.08M | 3.52M | 3.67M | 3.65M | 2.57M | 1.62M | 1.39M | |||||
| Tax Rate | -0.66% | -12.43% | 4.43% | 12.23% | 4.19% | 25.79% | -0.21% | -0.19% | -0.03% | 159.76% | -0.71% | 0.39% | -0.18% | 75.57% | -0.25% | -0.28% | -3.39% | 114.38% | -0.16% | -0.17% |