OPAD

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Offerpad Solutions Inc. Class A

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Key Metrics

Previous Close: $4.10
52-Week Range: $0.57 – $7.05
Market Cap: $19.91M
P/E (TTM): —
EPS (TTM): -9.75
Dividend Yield: —

Advanced Metrics

Price/Book: 0.53
PEG Ratio: —
Return on Equity: -128.86%
Return on Assets: -9.15%
Gross Margin: 7.42%
Operating Margin: -10.61%
Profit Margin: -9.85%
Current Ratio: 1.44
Debt/Equity: 3.04
Total Debt: $113.56M
Free Cash Flow: $96.52M
Revenue Growth: -51.60%
Earnings Growth: —
Enterprise Value: $100.26M

OPAD Income statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Revenue	$3.95B	$1.31B	$918.82M	$567.81M
Cost of Revenue	$3.77B	$1.24B	$846.62M	$525.77M
Gross Profit	$182.42M	$70.18M	$72.19M	$42.04M
Research & Development	$12.09M	$7.95M	$4.52M	$3.40M
Selling, General & Admin	$297.65M	$166.65M	$113.71M	$72.03M
Operating Expenses	$309.74M	$174.59M	$118.24M	$75.43M
Operating Income	-$127.32M	-$104.41M	-$46.04M	-$33.39M
EBITDA	-$101.24M	-$97.47M	-$42.83M	-$31.56M
Pretax Income	-$148.25M	-$117.06M	-$62.13M	-$45.94M
Income Tax	$359.00K	$163.00K	$31.00K	$441.00K
Net Income	-$148.61M	-$117.22M	-$62.16M	-$46.38M
Diluted EPS	-91.50	-44.40	-22.70	-15.00
Diluted Shares	1.63M	2.64M	2.74M	3.10M

OPAD Balance Sheet statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Cash & Equivalents	$97.24M	$75.97M	$43.02M	$26.54M
Receivables	$2.35M	$9.94M	$3.85M	$7.94M
Inventory	$664.70M	$276.50M	$214.17M	$93.79M
Current Assets	$814.18M	$371.61M	$294.21M	$131.69M
Total Assets	$825.07M	$379.69M	$313.05M	$154.77M
Current Liabilities	$698.96M	$276.03M	$250.97M	$88.80M
Long-Term Debt	—	—	—	$14.65M
Total Debt	$668.33M	$259.50M	$238.20M	$93.83M
Total Liabilities	$703.19M	$277.92M	$265.40M	$116.55M
Retained Earnings	-$280.67M	-$397.89M	-$460.05M	-$506.43M
Shareholders' Equity	$121.88M	$101.78M	$47.65M	$38.22M
Working Capital	$115.22M	$95.58M	$43.25M	$42.89M
Net Debt	$568.82M	$181.26M	$194.22M	$66.18M

OPAD Cash Flow statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Operating Cash Flow	$305.40M	$261.63M	$20.83M	$66.81M
Capital Expenditure	-$1.07M	-$127.00K	-$5.41M	-$1.08M
Free Cash Flow	$304.33M	$261.50M	$15.43M	$65.73M
Depreciation & Amortisation	$1.02M	$728.00K	$611.00K	$979.00K
Stock-Based Compensation	$8.31M	$7.92M	$8.08M	$2.83M
Investing Cash Flow	-$1.07M	$1.99M	-$5.33M	-$1.06M
Financing Cash Flow	-$358.47M	-$323.98M	-$21.82M	-$111.21M
Net Change in Cash	-$54.13M	-$60.37M	-$6.31M	-$45.46M

OPAD Income statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Revenue	$160.70M	$160.31M	$132.68M	$114.12M	$80.08M
Cost of Revenue	$150.19M	$146.13M	$123.34M	$106.11M	$74.52M
Gross Profit	$10.51M	$14.19M	$9.34M	$8.01M	$5.56M
Research & Development	$1.02M	$986.00K	$788.00K	$611.00K	$886.00K
Selling, General & Admin	$21.02M	$20.98M	$15.29M	$14.73M	$13.70M
Operating Expenses	$22.04M	$21.97M	$16.08M	$15.34M	$14.59M
Operating Income	-$11.54M	-$7.78M	-$6.74M	-$7.33M	-$9.03M
EBITDA	-$11.29M	-$6.96M	-$7.33M	-$5.99M	-$8.21M
Pretax Income	-$15.02M	-$10.87M	-$11.22M	-$8.83M	-$10.12M
Income Tax	$37.00K	$30.00K	$380.00K	-$6.00K	$16.00K
Net Income	-$15.06M	-$10.90M	-$11.60M	-$8.82M	-$10.13M
Diluted EPS	-5.50	-3.90	-3.70	-2.40	-2.20
Diluted Shares	2.76M	2.78M	3.13M	3.72M	4.62M

OPAD Balance Sheet statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Cash & Equivalents	$30.83M	$22.65M	$30.96M	$26.54M	$40.82M
Receivables	$6.29M	$7.54M	$7.39M	$7.94M	$8.22M
Inventory	$210.85M	$212.74M	$162.37M	$93.79M	$74.67M
Current Assets	$255.48M	$249.60M	$205.61M	$131.69M	$127.14M
Total Assets	$274.48M	$267.99M	$223.46M	$154.77M	$149.77M
Current Liabilities	$225.83M	$229.62M	$155.58M	$88.80M	$76.44M
Long-Term Debt	—	—	$14.64M	$14.65M	$14.68M
Total Debt	$212.33M	$216.96M	$157.88M	$93.83M	$81.57M
Total Liabilities	$240.26M	$243.45M	$183.61M	$116.55M	$103.93M
Retained Earnings	-$475.10M	-$486.01M	-$497.61M	-$506.43M	-$516.56M
Shareholders' Equity	$34.22M	$24.54M	$39.85M	$38.22M	$45.84M
Working Capital	$29.65M	$19.98M	$50.02M	$42.89M	$50.70M
Net Debt	$180.14M	$193.25M	$125.84M	$66.18M	$39.61M

OPAD Cash Flow statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Operating Cash Flow	-$10.18M	-$13.47M	$39.95M	$50.50M	$9.05M
Capital Expenditure	-$994.00K	-$85.00K	—	—	-$19.00K
Free Cash Flow	-$11.17M	-$13.55M	$39.95M	$50.50M	$9.03M
Depreciation & Amortisation	$206.00K	$253.00K	$253.00K	$267.00K	$287.00K
Stock-Based Compensation	$1.78M	$1.26M	$815.00K	-$1.03M	$942.00K
Investing Cash Flow	-$994.00K	-$85.00K	$19.00K	$0.00	-$2.00K
Financing Cash Flow	-$26.77M	$4.62M	-$33.07M	-$55.98M	$4.42M
Share Repurchases	$0.00	—	—	—	-$1.19M
Net Change in Cash	-$37.94M	-$8.94M	$6.90M	-$5.47M	$13.46M

Market Snapshot

About

Offerpad Solutions operates an iBuying platform for residential real estate, buying homes directly from sellers and reselling them after renovations, streamlining the home sale process.