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Financials · OPAD

Offerpad Solutions Inc. (OPAD) financials

For the twelve months ended Sep 30, 2026, Offerpad Solutions Inc. reported $349.92M of revenue and -$39.69M of net income.

Revenue, TTM
$349.92M
Revenue growth, YoY
-44.3%
Net income, TTM
-$39.69M
Net margin
-11.3%
Free cash flow, TTM
-$108.95M
EPS, diluted, TTM
-$8.30
Cash
$12.11M
P/S
0.03
Market cap
$11.0M
Annual revenue$567.81M
FY2019FY2025
Annual net income-$46.38M
FY2019FY2025
Annual free cash flow$65.73M
FY2019FY2025

OPAD revenue and earnings growth

OPAD revenueQ3 2026$78.07M

Quarter YoY
-41.2%
QoQ
+0.5%
FY YoY
-38.2%
5Y CAGR
-11.8%

OPAD revenue was $78.07M in fiscal Q3 2026 (ended Sep 30, 2026), down 41.2% from a year earlier and up 0.5% from the prior quarter. For the full fiscal 2025 it was $567.81M, down 38.2% from fiscal 2024. Compound annual growth was -11.8% over 5 years. It rose in 2 of the last 6 fiscal years.

OPAD net incomeQ3 2026-$11.45M

OPAD net income was -$11.45M in fiscal Q3 2026 (ended Sep 30, 2026), compared with -$11.60M a year earlier. For the full fiscal 2025 it was -$46.38M, compared with -$62.16M in fiscal 2024.

OPAD EPSQ3 2026-$2.30

OPAD diluted EPS was -$2.30 in fiscal Q3 2026 (ended Sep 30, 2026). For the full fiscal 2025 it was -$15.00, compared with -$22.70 in fiscal 2024.

OPAD free cash flowQ3 2026-$142.59M

FY YoY
+326.1%
5Y CAGR
-15.4%

OPAD free cash flow was -$142.59M in fiscal Q3 2026 (ended Sep 30, 2026), compared with $39.95M a year earlier. For the full fiscal 2025 it was $65.73M, up 326.1% from fiscal 2024. Compound annual growth was -15.4% over 5 years. It rose in 1 of the last 3 fiscal years.

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Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
Revenue$567.81M$918.82M$1.31B$3.95B$2.07B$1.06B$1.08B
Cost of revenue$525.77M$846.62M$1.24B$3.77B$1.86B$976.48M$1.00B
Gross profit$42.04M$72.19M$70.18M$182.42M$207.81M$87.78M$74.39M
Research and development$3.40M$4.52M$7.95M$12.09M$10.86M$7.27M$7.45M
Selling, general and admin$26.19M$40.62M$50.09M$58.72M$30.32M$17.48M$15.11M
Operating income-$33.39M-$46.04M-$104.41M-$127.32M$19.77M-$13.76M-$33.40M
Interest expense$13.40M$18.68M$18.86M$45.99M$15.85M$10.03M$18.30M
Pre-tax income-$45.94M-$62.13M-$117.06M-$148.25M$6.63M-$22.95M-$51.70M
Income tax$441.0K$31.0K$163.0K$359.0K$170.0K$163.0K$254.0K
Net income-$46.38M-$62.16M-$117.22M-$148.61M$6.46M-$23.12M-$51.95M
EPS, basic-$15.00-$22.70-$44.40-$90.90$8.20-$60.00-$135.00
EPS, diluted-$15.00-$22.70-$44.40-$90.90$6.80-$60.00-$135.00
Diluted shares3.1M2.7M2.6M1.6M954,800385,766.667385,653.333

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
Cash and equivalents$26.54M$73.63M$75.97M$140.30M$194.43M$50.74M$29.88M
Receivables$7.94M$3.85M$9.94M$2.35M$6.17M$2.31M-
Inventory$93.79M$214.17M$276.50M$664.70M$1.13B$171.36M-
Current assets$131.69M$294.21M$371.61M$814.18M$1.34B$227.29M-
Total assets$154.77M$313.05M$379.69M$825.07M$1.35B$235.87M-
Current liabilities$88.80M$250.97M$276.03M$698.96M$1.07B$190.30M-
Total liabilities$116.55M$265.40M$277.92M$703.19M$1.10B$195.01M-
Shareholders' equity$38.22M$47.65M$101.78M$121.88M$257.57M-$143.26M-$121.50M

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
Operating cash flow$66.81M$20.83M$261.63M$305.40M-$921.92M$154.86M-$108.97M
Capital expenditures$1.08M$5.41M$127.0K$1.07M$13.69M$2.86M$1.04M
Free cash flow$65.73M$15.43M$261.50M$304.33M-$935.61M$152.01M-$110.01M
Investing cash flow-$1.06M-$5.33M$1.99M-$1.07M-$11.65M-$2.86M-$979.0K
Financing cash flow-$111.21M-$21.82M-$323.98M-$358.47M$1.08B-$131.15M$122.50M
Share repurchases------$10.65M
Stock-based compensation$2.83M$8.08M$7.92M$8.31M$3.08M$1.36M$1.27M
Depreciation and amortization---$1.02M$523.0K$434.0K$377.0K

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
Revenue growth, YoY-38.2%-30.1%-66.7%90.9%94.5%-1.1%-
Gross margin7.4%7.9%5.3%4.6%10.0%8.2%6.9%
Operating margin-5.9%-5.0%-7.9%-3.2%1.0%-1.3%-3.1%
Net margin-8.2%-6.8%-8.9%-3.8%0.3%-2.2%-4.8%
Free cash flow margin11.6%1.7%19.9%7.7%-45.2%14.3%-10.2%
Return on equity-121.4%-130.4%-115.2%-121.9%2.5%--
Return on assets-30.0%-19.9%-30.9%-18.0%0.5%-9.8%-
Current ratio1.481.171.351.161.261.19-

Source: XBRL data Offerpad Solutions Inc. files with the SEC, latest filing dated Nov 2, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures and share counts are restated for stock splits the filings show: 1-for-15, first reported Aug 2, 2023; 1-for-10, first reported Aug 3, 2026.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

OPAD peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
OPAD$349.92M-44.3%-$39.69M-11.3%$11.0M
CBRE$45.01B+14.8%$1.38B3.1%$39.82B
BEKECN¥94.58B+1.2%CN¥2.99B3.2%$20.78B
JLL$28.20B+11.4%$1.10B3.9%$17.36B
INVH$2.90B+7.2%$682.40M23.5%$15.67B
CSGP$3.67B+20.2%$179.00M4.9%$12.57B
COMP$12.61B+89.8%$133.50M1.1%$8.17B
TRNO$518.86M+17.2%$353.32M68.1%$7.43B
FSV$5.50B+5.4%$145.05M2.6%$6.58B

OPAD FAQ

9 questions
  • What is OPAD revenue?
    Offerpad Solutions Inc. (OPAD) reported $349.92M of revenue for the twelve months ended Sep 30, 2026. That is down 44.3% from the year before. Revenue for fiscal 2025 was $567.81M.
  • Is OPAD profitable?
    No. Offerpad Solutions Inc. reported a net loss of $39.69M for the twelve months ended Sep 30, 2026.
  • How much cash and debt does OPAD have?
    Offerpad Solutions Inc. reported $12.11M in cash and cash equivalents on its most recent balance sheet in SEC filings.
  • How fast is OPAD revenue growing?
    Offerpad Solutions Inc.'s revenue changed -38.2% in fiscal 2025, to $567.81M. Its compound annual growth rate was -11.8% over 5 years.
  • What is OPAD gross margin?
    Offerpad Solutions Inc.'s gross profit was $27.18M on $349.92M of revenue for the twelve months ended Sep 30, 2026, a gross margin of 7.8%.
  • What is OPAD free cash flow?
    Offerpad Solutions Inc. generated -$108.95M of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of -$108.88M less capital expenditures.
  • What is OPAD earnings per share?
    Diluted earnings per share were -$8.30 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.
  • When did OPAD last report financial results?
    The latest statements here come from Offerpad Solutions Inc.'s 10-Q filed on Nov 2, 2026, covering the period ended Sep 30, 2026.
  • Where does this OPAD financial data come from?
    Quantisnow builds these statements from the structured XBRL data Offerpad Solutions Inc. files with the SEC. It is provided for information only and is not investment advice.