The Arizona-based iBuyer took in $376.8 million in revenue during Q2 2021, and its net income grew to $9.2 million, giving the company its first profitable quarter.
Source: Inman News
Offerpad posts first profitable quarter ahead of public offering
Published in Brian Bair, ibuyers, ibuying, offerpad, Offerpad Q2 2021 earnings, Offerpad Q2 earnings, Select, SPAC, spencer rascoff, Supernova Acquisition Partners and Technology
More from Brian BairMore posts in Brian Bair »
- Offerpad sees declining revenue, but trims losses during Q2
- IBuyer Offerpad cuts Q1 loss and boosts acquisitions as sales fall
- Offerpad losses mount as iBuyer acquires and sells fewer homes
- Impact of NAR’s commission rule change illuminated in Q3 earnings
- Offerpad dialed back its iBuyer acquisitions by 49% in Q3
More from ibuyersMore posts in ibuyers »
More from ibuyingMore posts in ibuying »
More from offerpadMore posts in offerpad »
- Opendoor’s resurrection: Will there be an iBuyer afterlife?
- He started the Opendoor stock rally. Now he wants the CEO out
- Opendoor grows revenue and trims losses in 2nd quarter rally
- Offerpad sees declining revenue, but trims losses during Q2
- ‘Meme stock’ surge lifts Opendoor out of delisting danger zone
More from SelectMore posts in Select »
- What real estate agents can learn from TikTok, Tylenol and Disney
- Democrats seek transparency into Fannie, Freddie ‘reprivatization’
- Former agent convicted of swindling woman out of her home
- Is fall the new spring? Market winds may be shifting, NAR says
- I’ve studied real estate marketing for 31 years. Here are 7 essentials for effective marketing campaigns
More from SPACMore posts in SPAC »
- Better shares soar on bullish thesis by activist investor Eric Jackson
- Here’s how much extra money you’d have if you invested $1K in Opendoor last month
- Better shares plunge more than 90% in Nasdaq debut
- After setbacks, Better goes public with plan to scale ‘greater heights’
- ‘Substantial doubt’ that WeWork can stay afloat, company says
More from spencer rascoffMore posts in spencer rascoff »
More from Supernova Acquisition PartnersMore posts in Supernova Acquisition Partners »
More from TechnologyMore posts in Technology »
Be First to Comment