Financials

Estimates*

Edit
Revenues, earnings & profits over time
USD2020202120222023202420252026
Revenues1.1b2.1b4.0b1.3b956m1.2b1.6b
% growth(1 %)95 %91 %(67 %)(27 %)30 %27 %
EBITDA(12.5m)20.5m(125m)(97.5m)(14.5m)9.2m22.3m
% EBITDA margin(1 %)1 %(3 %)(7 %)(2 %)1 %1 %
Profit(23.1m)6.5m(149m)(117m)(53.7m)(37.7m)(22.0m)
% profit margin(2 %)-(4 %)(9 %)(6 %)(3 %)(1 %)
EV / revenue0.5x1.1x0.2x0.3x0.4x0.3x0.3x
EV / EBITDA-44.3x116.0x-5.5x-4.7x-26.8x46.1x20.2x
R&D budget7.3m10.9m12.1m7.9m---
R&D % of revenue1 %1 %-1 %---
  • Edit
DateInvestorsAmountRound
-

N/A

-

$30.0m

Series A

$230m

Debt

$50.0m

Series B

$100m

Debt

$283m

Series C

$283m

Debt

$403m

Valuation: $3.0b

2.8x EV/LTM Revenues

-240.2x EV/LTM EBITDA

SPAC IPO

$200m

Valuation: $3.0b

2.8x EV/LTM Revenues

-240.2x EV/LTM EBITDA

SPAC Private Placement
*
N/A

$600m

Debt
Total Funding$563m

Recent News about OfferPad

Edit
More about OfferPadinfo icon
Edit

Offerpad is a real estate investment company that simplifies the home selling process for homeowners. Operating in various markets across the United States, Offerpad provides a streamlined service where homeowners can receive a competitive cash offer within 24 hours of submitting their property details. The company targets homeowners looking for convenience, control, and a hassle-free selling experience. Offerpad's business model revolves around purchasing homes directly from sellers, eliminating the need for traditional real estate listings, open houses, and showings. This approach allows Offerpad to make money by reselling the purchased homes at a profit after making necessary improvements. Additionally, Offerpad offers flexible closing dates and includes a free local move with every transaction, enhancing the overall customer experience. The company employs licensed real estate agents, salespeople, and brokers to ensure compliance and expertise in various states, including Alabama, Arizona, Florida, Georgia, North Carolina, South Carolina, Nevada, and Texas. Offerpad's services are designed to cater to homeowners who prioritize convenience and efficiency in the home selling process.

Keywords: real estate investment, cash offers, home selling, flexible closing dates, local move, convenience, control, licensed agents, market expertise, seamless process.

Tech stack

Group
Tech stackLearn more about the technologies and tools that this company uses.