Name | Value |
---|---|
Revenues | 677.2M |
Cost of Revenue | 722.1M |
Gross Profit | -44.9M |
Operating Expense | 65.0M |
Operating I/L | -109.9M |
Other Income/Expense | -10.9M |
Interest Income | 0.0M |
Pretax | -120.8M |
Income Tax Expense | 0.3M |
Net Income/Loss | -121.1M |
Offerpad Solutions Inc. and its subsidiaries specialize in iBuying, a real estate solutions platform that allows homeowners in the United States to sell and buy homes online. The company offers a customer-centric experience, providing streamlined access to ancillary services such as mortgage and title insurance services. Offerpad generates revenue through buying, selling, renting, and renovating properties, leveraging its on-demand customer platform to facilitate seamless real estate transactions.