Offerpad Solutions Inc. OPAD

Real estate SIC 6531 - Real Estate Agents & Managers (For Others) NAICS Real Estate and Rental and Leasing › Real Estate derived Nasdaq

We are a real estate solutions company focused on giving homeowners more control, flexibility, and choice when buying and selling a home.

Founded in 2015, we combine proprietary technology with local real estate expertise to simplify the home sale process and reduce friction across the transaction lifecycle, helping customers move forward with speed, transparency, and confidence. We provide cash offers, brokerage services, access to additional cash buyers through marketplace-enabled capabilities, and renovation services that support both internal transactions and third-party partners. We provide these real estate services through the following solutions:

•Renovate, in which we leverage our existing logistics, operations, technology and skill-sets to provide renovation services to other businesses, allowing other companies and homeowners to utilize our renovations team to update their portfolio of homes for rent or to sell.

Last close 2.62 2026-10-23
Market cap $12.7M 2026-06-30 share count
52-week range 2.35 - 29.70

Valuation FY2025 figures against the last close

P/S0.0x
P/E—
P/FCF0.2x
EV/EBITDA—
Dividend yield—
Diluted EPS-1.50

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Revenue $567.8M$918.8M$1.31B$3.95B$2.07B$1.06B$1.08B—
Cost of revenue $525.8M$846.6M$1.24B$3.77B$1.86B$976.5M$1.00B—
Gross profit $42.0M$72.2M$70.2M$182.4M$207.8M$87.8M$74.4M—
R&D $3.4M$4.5M$7.9M$12.1M$10.9M$7.3M$7.5M—
SG&A $26.2M$40.6M$50.1M$58.7M$30.3M$17.5M$15.1M—
Total operating expenses $75.4M$118.2M$174.6M$309.7M$188.0M$101.5M$107.8M—
Operating income -$33.4M-$46.0M-$104.4M-$127.3M$19.8M-$13.8M-$33.4M—
Interest expense $13.4M$18.7M$18.9M$46.0M$15.8M$10.0M$18.3M—
Pre-tax income -$45.9M-$62.1M-$117.1M-$148.3M$6.6M-$23.0M-$51.7M—
Income tax $441.0K$31.0K$163.0K$359.0K$170.0K$163.0K$254.0K—
Net income -$46.4M-$62.2M-$117.2M-$148.6M$6.5M-$23.1M-$52.0M—
EPS, basic -1.50-2.27-4.44-9.090.82-0.40-0.90—
EPS, diluted -1.50-2.27-4.44-9.090.68-0.40-0.90—
Shares, diluted (wtd. avg.) 31.0M27.4M26.4M16.3M9.5M57.9M57.8M—

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Cash and equivalents $26.5M$43.0M$76.0M$140.3M$194.4M$50.7M$29.9M$17.3M
Receivables $7.9M$3.8M$9.9M$2.4M$6.2M$2.3M——
Inventory $93.8M$214.2M$276.5M$664.7M$1.13B$171.4M——
Total current assets $131.7M$294.2M$371.6M$814.2M$1.34B$227.3M——
Property, plant and equipment $14.7M$9.1M$4.5M$5.2M$5.1M$8.2M——
Total assets $154.8M$313.1M$379.7M$825.1M$1.35B$235.9M——
Accounts payable $1.7M$1.9M$4.9M$4.6M$6.4M$2.1M——
Total current liabilities $88.8M$251.0M$276.0M$699.0M$1.07B$190.3M——
Total liabilities $116.6M$265.4M$277.9M$703.2M$1.10B$195.0M——
Retained earnings -$506.4M-$460.0M-$397.9M-$280.7M-$132.1M-$138.5M——
Total equity $38.2M$47.7M$101.8M$121.9M$257.6M-$143.3M-$121.5M-$60.3M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Operating cash flow $66.8M$20.8M$261.6M$305.4M-$921.9M$154.9M-$109.0M—
Depreciation and amortisation $979.0K$611.0K$728.0K$1.0M$523.0K$400.0K$400.0K—
Stock-based compensation $2.8M$8.1M$7.9M$8.3M$3.1M$1.4M$1.3M—
Capital expenditure $1.1M$5.4M$127.0K$1.1M$13.7M$2.9M$1.0M—
Investing cash flow -$1.1M-$5.3M$2.0M-$1.1M-$11.7M-$2.9M-$979.0K—
Financing cash flow -$111.2M-$21.8M-$324.0M-$358.5M$1.08B-$131.1M$122.5M—
Buybacks ——————$10.7M—

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-170316.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -2B 0 2B 4B Revenue, FY2019: 1.1B Gross profit, FY2019: 74.4M Net income, FY2019: -52M Revenue, FY2020: 1.1B Gross profit, FY2020: 87.8M Net income, FY2020: -23.1M Revenue, FY2021: 2.1B Gross profit, FY2021: 207.8M Net income, FY2021: 6.5M Revenue, FY2022: 4B Gross profit, FY2022: 182.4M Net income, FY2022: -148.6M Revenue, FY2023: 1.3B Gross profit, FY2023: 70.2M Net income, FY2023: -117.2M Revenue, FY2024: 918.8M Gross profit, FY2024: 72.2M Net income, FY2024: -62.2M Revenue, FY2025: 567.8M Gross profit, FY2025: 42M Net income, FY2025: -46.4M FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue — $1.08B $1.06B $2.07B $3.95B $1.31B $918.8M $567.8M
Gross profit — $74.4M $87.8M $207.8M $182.4M $70.2M $72.2M $42.0M
Net income — -$52.0M -$23.1M $6.5M -$148.6M -$117.2M -$62.2M -$46.4M

Recent filings and events

  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Delisting notice The exchange has told the company it no longer meets the rules for staying listed - usually price, market cap, or filings that are late. Item 3.01
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Charter or fiscal year changed A change to the company's governing documents, or to when its year ends. Item 5.03
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Regulation FD disclosure Item 7.01
  • Results announced Item 2.02
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Delisting notice Item 3.01
  • Regulation FD disclosure Item 7.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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