Name | Value |
---|---|
Revenues | 230.1M |
Cost of Revenue | 207.9M |
Gross Profit | 22.2M |
Operating Expense | 44.1M |
Operating I/L | -21.8M |
Other Income/Expense | -0.5M |
Interest Income | 1.9M |
Pretax | -22.3M |
Income Tax Expense | 0.0M |
Net Income/Loss | -22.3M |
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.