Name | Value |
---|---|
Revenues | 234.2M |
Cost of Revenue | 210.3M |
Gross Profit | 24.0M |
Operating Expense | 43.5M |
Operating I/L | -19.5M |
Other Income/Expense | -0.4M |
Interest Income | 4.4M |
Pretax | -20.0M |
Income Tax Expense | 0.0M |
Net Income/Loss | -20.0M |
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.