Name | Value |
---|---|
Revenues | 609.6M |
Cost of Revenue | 602.3M |
Gross Profit | 7.3M |
Operating Expense | 59.1M |
Operating I/L | -51.8M |
Other Income/Expense | -7.5M |
Interest Income | 7.4M |
Pretax | -59.3M |
Income Tax Expense | 0.1M |
Net Income/Loss | -59.4M |
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.