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Offerpad Solutions Inc.(OPAD)Earnings, Financials & Key Ratios
OPAD•NYSE•REIT / Real Estate
Price updated Jun 19, 2026
AboutOfferpad Solutions Inc., together with its subsidiaries, engages in buying, selling, renting, and renovating properties to homeowners in the United States. It operates iBuying, a real estate solutions platform for on-demand customer. The company provides customer-centric experience, which enables them to sell and buy homes online with streamlined access to ancillary services, such as mortgage and title insurance services. Offerpad Solutions Inc. was founded in 2015 and is headquartered in Chandler, Arizona.Show more
- Revenue$568M-38.2%
- FFO-$39M+36.8%
- FFO/Share-10.44+53.5%
- FFO Payout0%
- FFO per Share-10.44+53.5%
- NOI Margin7.4%-5.8%
- FFO Margin-6.85%-2.2%
- ROE-108.03%-29.9%
- ROA-19.83%-10.5%
OPAD Key Insights
Offerpad Solutions Inc. (OPAD) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓FFO growing 22.7% TTM
- ✓Trading at only 0.5x book value
✗Weaknesses
- ✗High debt to equity ratio of 2.8x
- ✗Profits declining 14.9% over 5 years
- ✗Weak momentum: RS Rating 4 (bottom 4%)
- ✗Low NOI margin of 7.4%
- ✗Shares diluted 35.8% in last year
- ✗Trading more than 30% below 52-week high
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
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OPAD Price & Volume
Offerpad Solutions Inc. (OPAD) stock price & volume — 10-year historical chart
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OPAD Growth Metrics
Offerpad Solutions Inc. (OPAD) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years-11.81%
3 Years-47.63%
TTM-38.65%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM30.55%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM43.78%
Return on Capital
10 Years-55.07%
5 Years-49.7%
3 Years-66.2%
Last Year-52.15%
OPAD Peer Comparison
Offerpad Solutions Inc. (OPAD) competitors in Residential iBuying and instant offers — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 OPEN | 3.43B | 4.47 | -2.63 | -15.18% | -35.25% | -163.25% | 0.19 | |
 HOUS | 1.98B | 17.64 | -15.34 | 0.99% | -2.18% | -8.37% | 1.95 | |
 ZG | 7.81B | 32.49 | 359.01 | 15.52% | 2.27% | 1.28% | 0.11 | |
 EXPI | 753.34M | 4.73 | -33.79 | 4.48% | -0.35% | -7.05% | ||
 COMP | 6.09B | 10.01 | -100.10 | 23.67% | 0.17% | 1.11% | 0.58 | |
 DOUG | 156.36M | 1.72 | 10.12 | 3.76% | 0.5% | 3.26% | 0.56 | |
 UWMC | 345.31M | 2.22 | 18.50 | 65.83% | 1.16% | 1.67% | 9.06 | |
 RKT | 40.72B | 14.42 | -524.36 | 27.37% | 2.82% | 1.53% |
Compare OPAD vs Peers
Offerpad Solutions Inc. (OPAD) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
OPAD Income Statement
Offerpad Solutions Inc. (OPAD) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Metric | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|
Revenue | 1.08B | 1.06B | 2.07B | 3.95B | 1.31B | 918.82M | 567.81M | 487.19M |
Revenue Growth % | - | -1.08% | 94.54% | 90.89% | -66.74% | -30.1% | -38.2% | -38.65% |
Property Operating Expenses | 1B | 976.48M | 1.86B | 3.77B | 1.24B | 846.62M | 525.77M | 450.1M |
Net Operating Income (NOI) | 74.39M▲ 0% | 87.78M▲ 18.0% | 207.81M▲ 136.7% | 182.42M▼ 12.2% | 70.18M▼ 61.5% | 72.19M▲ 2.9% | 42.04M▼ 41.8% | 37.09M▲ 0% |
NOI Margin % | 6.91% | 8.25% | 10.04% | 4.62% | 5.34% | 7.86% | 7.4% | 7.61% |
Operating Expenses | 107.79M | 101.54M | 188.05M | 309.74M | 174.59M | 118.24M | 75.43M | 67.97M |
G&A Expenses | 100.34M | 94.27M | 177.19M | 297.65M | 166.65M | 113.71M | 72.03M | 64.7M |
EBITDA | -33.02M | -13.32M | 20.29M | -126.3M | -103.69M | -45.43M | -25.88M | -29.82M |
EBITDA Margin % | -3.07% | -1.25% | 0.98% | -3.2% | -7.89% | -4.94% | -4.56% | -6.12% |
Depreciation & Amortization | 377K | 434K | 523K | 1.02M | 728K | 611K | 7.51M | 1.06M |
D&A / Revenue % | 0.04% | 0.04% | 0.03% | 0.03% | 0.06% | 0.07% | 1.32% | 0.22% |
Operating Income | -33.4M▲ 0% | -13.76M▲ 58.8% | 19.77M▲ 243.7% | -127.32M▼ 744.1% | -104.41M▲ 18.0% | -46.04M▲ 55.9% | -33.39M▲ 27.5% | -30.88M▲ 0% |
Operating Margin % | -3.1% | -1.29% | 0.95% | -3.22% | -7.94% | -5.01% | -5.88% | -6.34% |
Interest Expense | 18.3M | 10.03M | 15.85M | 45.99M | 18.86M | 18.68M | 8.26M | 4M |
Interest Coverage | -1.83x | -1.29x | 1.42x | -2.22x | -5.21x | -2.33x | -4.56x | - |
Non-Operating Income | 0 | -834K | -2.71M | -25.05M | -6.22M | -2.6M | 4.29M | -1.34M |
Pretax Income | -51.7M▲ 0% | -22.95M▲ 55.6% | 6.63M▲ 128.9% | -148.25M▼ 2336.1% | -117.06M▲ 21.0% | -62.13M▲ 46.9% | -45.94M▲ 26.1% | -41.04M▲ 0% |
Pretax Margin % | -4.81% | -2.16% | 0.32% | -3.75% | -8.91% | -6.76% | -8.09% | -8.42% |
Income Tax | 254K | 163K | 170K | 359K | 163K | 31K | 441K | 420K |
Effective Tax Rate % | -0.49% | -0.71% | 2.56% | -0.24% | -0.14% | -0.05% | -0.96% | -1.02% |
Net Income | -51.95M▲ 0% | -23.12M▲ 55.5% | 6.46M▲ 127.9% | -148.61M▼ 2400.5% | -117.22M▲ 21.1% | -62.16M▲ 47.0% | -46.38M▲ 25.4% | -41.46M▲ 0% |
Net Margin % | -4.83% | -2.17% | 0.31% | -3.76% | -8.92% | -6.77% | -8.17% | -8.51% |
Net Income Growth % | - | 55.5% | 127.94% | -2400.51% | 21.13% | 46.97% | 25.38% | 30.55% |
Funds From Operations (FFO) | -51.58M▲ 0% | -22.68M▲ 56.0% | 6.98M▲ 130.8% | -147.59M▼ 2213.6% | -116.49M▲ 21.1% | -61.55M▲ 47.2% | -38.87M▲ 36.8% | -40.4M▲ 0% |
FFO Margin % | -4.79% | -2.13% | 0.34% | -3.73% | -8.86% | -6.7% | -6.85% | -8.29% |
FFO Growth % | - | 56.02% | 130.78% | -2213.58% | 21.07% | 47.16% | 36.84% | 65.02% |
FFO per Share | -153.76 | -58.80 | 7.31 | -90.31 | -44.15 | -22.45 | -10.44 | -8.75 |
FFO Payout Ratio % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
EPS (Diluted) | -154.90▲ 0% | -60.00▲ 61.3% | 7.50▲ 112.5% | -91.50▼ 1320.0% | -44.40▲ 51.5% | -22.70▲ 48.9% | -15.00▲ 33.9% | -8.98▲ 0% |
EPS Growth % | - | 61.27% | 112.5% | -1320% | 51.48% | 48.87% | 33.92% | 43.78% |
EPS (Basic) | -978.00 | -60.00 | 7.50 | -91.50 | -44.40 | -22.70 | -15.00 | - |
Diluted Shares Outstanding | 335.42K | 385.77K | 954.8K | 1.63M | 2.64M | 2.74M | 3.72M | 4.62M |
OPAD Balance Sheet
Offerpad Solutions Inc. (OPAD) balance sheet — assets, liabilities & shareholders' equity
| Metric | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|
Total Assets | 385.89M | 235.87M | 1.35B | 825.07M | 379.69M | 313.05M | 154.77M | 149.77M |
Asset Growth % | - | -38.88% | 473.65% | -39.02% | -53.98% | -17.55% | -50.56% | -164.07% |
Real Estate & Other Assets | 498K | 8.58M | 10.11M | 10.89M | 234K | 9.71M | 8.4M | 8.25M |
PP&E (Net) | 5.81M | 0 | 0 | 0 | 7.86M | 9.13M | 14.67M | 14.39M |
Investment Securities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total Current Assets | 379.58M | 227.29M | 1.34B | 814.18M | 371.61M | 294.21M | 131.69M | 127.14M |
Cash & Equivalents | 22.86M | 43.94M | 169.82M | 97.24M | 75.97M | 43.02M | 28.17M | 41.63M |
Receivables | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
Other Current Assets | 9.88M | 6.8M | 24.62M | 49.89M | 9.2M | 33.17M | 3.42M | 3.42M |
Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total Liabilities | 353.09M | 379.13M | 1.1B | 703.19M | 277.92M | 265.4M | 116.55M | 103.93M |
Total Debt | 342.39M | 181.68M | 1.03B | 668.33M | 259.5M | 252.41M | 106.93M | 94.38M |
Net Debt | 319.53M | 137.74M | 857.72M | 571.09M | 183.53M | 209.39M | 78.76M | 52.74M |
Long-Term Debt | 0 | 4.71M | 0 | 0 | 0 | 0 | 14.65M | 14.68M |
Short-Term Borrowings | 342.39M | 176.97M | 1.03B | 666.07M | 257.22M | 237.24M | 78.08M | 65.75M |
Capital Lease Obligations | 0 | 0 | 1.34M | 2.26M | 2.27M | 15.17M | 1.1M | 4.38M |
Total Current Liabilities | 353.09M | 190.3M | 1.07B | 698.96M | 276.03M | 250.97M | 88.8M | 76.44M |
Accounts Payable | 1.31M | 2.15M | 6.4M | 4.65M | 4.95M | 1.92M | 1.67M | 2.12M |
Deferred Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Liabilities | 0 | 184.12M | 27.89M | 4.23M | 1.89M | 231K | 13.1M | 12.8M |
Total Equity | 32.8M▲ 0% | -143.26M▼ 536.8% | 257.57M▲ 279.8% | 121.88M▼ 52.7% | 101.78M▼ 16.5% | 47.65M▼ 53.2% | 38.22M▼ 19.8% | 45.84M▲ 0% |
Equity Growth % | - | -536.8% | 279.79% | -52.68% | -16.49% | -53.18% | -19.8% | -92.62% |
Shareholders Equity | 32.8M | -143.26M | 257.57M | 121.88M | 101.78M | 47.65M | 38.22M | 45.84M |
Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Common Stock | 0 | 0 | 24K | 2K | 3K | 3K | 4K | 5K |
Additional Paid-in Capital | 0 | 5.91M | 389.6M | 402.54M | 499.66M | 507.7M | 544.64M | 562.4M |
Retained Earnings | -115.4M | -138.52M | -132.06M | -280.67M | -397.89M | -460.05M | -506.43M | -516.56M |
Preferred Stock | 154.3M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Return on Assets (ROA) | -13.46% | -7.44% | 0.81% | -13.65% | -19.46% | -17.95% | -19.83% | -20.83% |
Return on Equity (ROE) | -158.4% | - | 11.3% | -78.33% | -104.82% | -83.2% | -108.03% | -111.72% |
Debt / Assets | 88.73% | 77.02% | 75.94% | 81% | 68.34% | 80.63% | 69.09% | 63.01% |
Debt / Equity | 10.44x | - | 3.99x | 5.48x | 2.55x | 5.30x | 2.80x | 2.06x |
Net Debt / EBITDA | - | - | 42.28x | - | - | - | - | -1.77x |
Book Value per Share | 97.78 | -371.36 | 269.76 | 74.57 | 38.57 | 17.39 | 10.27 | 9.92 |
OPAD Cash Flow Statement
Offerpad Solutions Inc. (OPAD) cash flow — operating, investing & free cash flow history
| Metric | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|
Cash from Operations | -108.97M | 154.86M | -921.92M | 305.4M | 261.63M | 20.83M | 66.81M | 86.03M |
Operating CF Growth % | - | 242.11% | -695.31% | 133.13% | -14.33% | -92.04% | 220.69% | 316.98% |
Operating CF / Revenue % | -10.13% | 14.55% | -44.53% | 7.73% | 19.9% | 2.27% | 11.77% | 17.66% |
Net Income | -51.95M | -23.12M | 6.46M | -148.61M | -117.22M | -62.16M | -46.38M | -41.46M |
Depreciation & Amortization | 377K | 434K | 523K | 3.97M | 728K | 2.4M | 979K | 1.34M |
Stock-Based Compensation | 1.27M | 1.36M | 3.08M | 8.31M | 7.92M | 8.08M | 2.83M | 1.99M |
Other Non-Cash Items | 40K | 3.43M | 1.05M | 68.54M | 11.16M | 1.31M | 6.46M | 3.26M |
Working Capital Changes | -61.71M | 172.75M | -933.03M | 373.2M | 359.04M | 71.2M | 102.93M | 120.91M |
Cash from Investing | -979K | -2.86M | -11.65M | -1.07M | 1.99M | -5.33M | -1.06M | -68K |
Acquisitions (Net) | 0 | 0 | 2.03M | 0 | 0 | 0 | 19K | 36K |
Purchase of Investments | 0 | 0 | 0 | 0 | -2.57M | 0 | 0 | 0 |
Sale of Investments | 0 | 0 | 0 | 0 | 4.68M | 0 | 0 | 0 |
Other Investing | 60K | 0 | 0 | 0 | 0 | 82K | 0 | 0 |
Cash from Financing | 122.5M | -131.15M | 1.08B | -358.47M | -323.98M | -21.82M | -111.21M | -80.01M |
Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Common Dividends | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Debt Issuance (Net) | 1000K | -1000K | 1000K | -1000K | -1000K | -1000K | -1000K | -2M |
Share Repurchases | -10.65M | 0 | -51.25M | -285K | 0 | -77K | 0 | -1.22M |
Other Financing | 118K | -457K | 284.01M | 4.25M | 87.25M | -203K | -203K | -72K |
Net Change in Cash | 12.55M▲ 0% | 20.86M▲ 66.2% | 143.69M▲ 588.9% | -54.13M▼ 137.7% | -60.37M▼ 11.5% | -6.31M▲ 89.6% | -45.46M▼ 620.6% | 5.95M▲ 0% |
Exchange Rate Effect | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash at Beginning | 17.33M | 29.88M | 50.74M | 194.43M | 140.3M | 79.93M | 73.63M | 28.17M |
Cash at End | 29.88M | 50.74M | 194.43M | 140.3M | 79.93M | 73.63M | 28.17M | 41.63M |
Free Cash Flow | -110.01M▲ 0% | 152.01M▲ 238.2% | -935.61M▼ 715.5% | 304.33M▲ 132.5% | 261.5M▼ 14.1% | 15.42M▼ 94.1% | 65.73M▲ 326.1% | 85.93M▲ 0% |
FCF Growth % | - | 238.17% | -715.51% | 132.53% | -14.07% | -94.1% | 326.13% | 3767.15% |
FCF / Revenue % | -10.23% | 14.28% | -45.19% | 7.7% | 19.9% | 1.68% | 11.58% | 17.64% |
OPAD Key Ratios
Offerpad Solutions Inc. (OPAD) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|
FFO per Share | -58.8 | 7.31 | -90.31 | -44.15 | -22.45 | -10.44 | -8.75 |
FFO Payout Ratio | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
NOI Margin | 8.25% | 10.04% | 4.62% | 5.34% | 7.86% | 7.4% | 7.61% |
Net Debt / EBITDA | - | 42.28x | - | - | - | - | -1.77x |
Debt / Assets | 77.02% | 75.94% | 81% | 68.34% | 80.63% | 69.09% | 63.01% |
Interest Coverage | -1.29x | 1.42x | -2.22x | -5.21x | -2.33x | -4.56x | - |
Book Value / Share | -371.36 | 269.76 | 74.57 | 38.57 | 17.39 | 10.27 | 9.92 |
Revenue Growth | -1.08% | 94.54% | 90.89% | -66.74% | -30.1% | -38.2% | -38.65% |
Related:OPAD Dividend History·OPAD Revenue History·OPAD Price History·OPAD P/E History·OPAD Financial Ratios·OPAD Institutional Holders
OPAD SEC Filings & Documents
Offerpad Solutions Inc. (OPAD) SEC filings — annual & quarterly reports (10-K, 10-Q)
OPAD Frequently Asked Questions
Offerpad Solutions Inc. (OPAD) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Offerpad Solutions Inc. (OPAD) reported $487.2M in revenue for fiscal year 2025. This represents a 55% decrease from $1.08B in 2019.
Offerpad Solutions Inc. (OPAD) saw revenue decline by 38.2% over the past year.
Offerpad Solutions Inc. (OPAD) reported a net loss of $41.5M for fiscal year 2025.
Dividend & Returns
Offerpad Solutions Inc. (OPAD) has a return on equity (ROE) of -108.0%. Negative ROE indicates the company is unprofitable.
Industry Metrics
Offerpad Solutions Inc. (OPAD) generated Funds From Operations (FFO) of $-40.4M in the trailing twelve months. FFO is the primary profitability metric for REITs.