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Offerpad Solutions Inc. (OPAD) 10-Year Financial Performance & Capital Metrics

OPAD • • REIT / Real Estate
Real EstateReal Estate ServicesSpecialized Real Estate ServicesiBuying & Instant Offer Platforms
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 $919M -30.1%
  • FFO -$62M +47.2%
  • FFO/Share -2.25 +49.1%
  • FFO Payout 0%
  • FFO per Share -2.25 +49.1%
  • NOI Margin 7.86% +47.2%
  • FFO Margin -6.7% +24.4%
  • ROE -83.2% +20.6%
  • ROA -17.95% +7.8%
  • Debt/Assets 80.63% +18.0%
  • Net Debt/EBITDA -
  • Book Value/Share 1.74 -54.9%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓FFO growing 20.8% TTM
  • ✓Trading at only 0.8x book value

✗Weaknesses

  • ✗High debt to equity ratio of 5.3x
  • ✗Low NOI margin of 7.9%
  • ✗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.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-
5Y-3.11%
3Y-23.72%
TTM-36.25%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM8.94%

EPS CAGR

10Y-
5Y-
3Y-
TTM11.82%

ROCE

10Y Avg-55.55%
5Y Avg-46.3%
3Y Avg-69.44%
Latest-55.55%

Peer Comparison

iBuying & Instant Offer Platforms
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Size & Scale
Valuation
Per Share
Growth
Profitability
Quality & Returns
Safety & Leverage
TTM Growth
Famous Investor Metrics
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Latest Quarter
Momentum & Returns
Total Return (DRIP)
Technical
Volume & Trading
Shares & Dilution
Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
OPADOfferpad Solutions Inc.63.26M1.34-0.59-30.1%-8.74%-137.73%24.38%5.30
OPENOpendoor Technologies Inc.6.01B6.30-11.25-25.81%-6.72%-39.09%3.25

Profit & Loss

Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Revenue+1.08B1.06B2.07B3.95B1.31B918.82M
Revenue Growth %--0.01%0.95%0.91%-0.67%-0.3%
Property Operating Expenses1B976.48M1.86B3.77B1.24B846.62M
Net Operating Income (NOI)+------
NOI Margin %------
Operating Expenses+107.79M101.54M188.05M309.74M174.59M118.24M
G&A Expenses100.34M94.27M177.19M297.65M166.65M113.71M
EBITDA+-33.02M-13.32M20.29M-126.3M-103.69M-45.43M
EBITDA Margin %------
Depreciation & Amortization+377K434K523K1.02M728K611K
D&A / Revenue %------
Operating Income+-33.4M-13.76M19.77M-127.32M-104.41M-46.04M
Operating Margin %------
Interest Expense+18.3M10.03M15.85M45.99M18.86M18.68M
Interest Coverage-1.83x-1.37x1.25x-2.77x-5.54x-2.46x
Non-Operating Income0-834K-2.71M-25.05M-6.22M-2.6M
Pretax Income+-51.7M-22.95M6.63M-148.25M-117.06M-62.13M
Pretax Margin %------
Income Tax+254K163K170K359K163K31K
Effective Tax Rate %------
Net Income+-51.95M-23.12M6.46M-148.61M-117.22M-62.16M
Net Margin %------
Net Income Growth %-0.56%1.28%-24.01%0.21%0.47%
Funds From Operations (FFO)+------
FFO Margin %------
FFO Growth %-0.56%1.31%-22.14%0.21%0.47%
FFO per Share+------
FFO Payout Ratio %------
EPS (Diluted)+-15.49-6.000.75-9.15-4.44-2.27
EPS Growth %-0.61%1.13%-13.2%0.51%0.49%
EPS (Basic)-97.80-6.000.75-9.15-4.44-2.27
Diluted Shares Outstanding3.35M3.86M9.55M16.34M26.39M27.41M

Balance Sheet

Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Assets+385.89M235.87M1.35B825.07M379.69M313.05M
Asset Growth %--0.39%4.74%-0.39%-0.54%-0.18%
Real Estate & Other Assets+498K8.58M10.11M10.89M234K9.71M
PP&E (Net)5.81M0007.86M9.13M
Investment Securities000000
Total Current Assets+379.58M227.29M1.34B814.18M371.61M294.21M
Cash & Equivalents22.86M43.94M169.82M97.24M75.97M43.02M
Receivables1000K1000K1000K1000K1000K1000K
Other Current Assets9.88M6.8M24.62M49.89M9.2M33.17M
Intangible Assets000000
Total Liabilities353.09M379.13M1.1B703.19M277.92M265.4M
Total Debt+342.39M181.68M1.03B668.33M259.5M252.41M
Net Debt319.53M137.74M857.72M571.09M183.53M209.39M
Long-Term Debt04.71M0000
Short-Term Borrowings1000K1000K1000K1000K1000K1000K
Capital Lease Obligations001.34M2.26M2.27M963K
Total Current Liabilities+353.09M190.3M1.07B698.96M276.03M250.97M
Accounts Payable1.31M2.15M6.4M4.65M4.95M1.92M
Deferred Revenue000000
Other Liabilities0184.12M27.89M4.23M1.89M231K
Total Equity+32.8M-143.26M257.57M121.88M101.78M47.65M
Equity Growth %--5.37%2.8%-0.53%-0.16%-0.53%
Shareholders Equity32.8M-143.26M257.57M121.88M101.78M47.65M
Minority Interest000000
Common Stock0024K2K3K3K
Additional Paid-in Capital05.91M389.6M402.54M499.66M507.7M
Retained Earnings-115.4M-138.52M-132.06M-280.67M-397.89M-460.05M
Preferred Stock154.3M00000
Return on Assets (ROA)-0.13%-0.07%0.01%-0.14%-0.19%-0.18%
Return on Equity (ROE)-1.58%-0.11%-0.78%-1.05%-0.83%
Debt / Assets0.89%0.77%0.76%0.81%0.68%0.81%
Debt / Equity10.44x-3.99x5.48x2.55x5.30x
Net Debt / EBITDA--42.28x---
Book Value per Share9.78-37.1426.987.463.861.74

Cash Flow

Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+-108.97M154.86M-921.92M305.4M261.63M20.83M
Operating CF Growth %-2.42%-6.95%1.33%-0.14%-0.92%
Operating CF / Revenue %------
Net Income-51.95M-23.12M6.46M-148.61M-117.22M-62.16M
Depreciation & Amortization377K434K523K3.97M728K2.4M
Stock-Based Compensation1.27M1.36M08.31M7.92M8.08M
Other Non-Cash Items40K3.43M4.13M68.54M11.16M1.31M
Working Capital Changes-61.71M172.75M-933.03M373.2M359.04M71.2M
Cash from Investing+-979K-2.86M-11.65M-1.07M1.99M-5.33M
Acquisitions (Net)002.03M000
Purchase of Investments0000-2.57M0
Sale of Investments00001000K0
Other Investing60K000082K
Cash from Financing+122.5M-131.15M1.08B-358.47M-323.98M-21.82M
Dividends Paid000000
Common Dividends000000
Debt Issuance (Net)1000K-1000K1000K-1000K-1000K-1000K
Share Repurchases-10.65M0-51.25M-285K0-77K
Other Financing118K-457K284.01M4.25M87.25M-203K
Net Change in Cash+12.55M20.86M143.69M-54.13M-60.37M-6.31M
Exchange Rate Effect000000
Cash at Beginning17.33M29.88M50.74M194.43M140.3M79.93M
Cash at End29.88M50.74M194.43M140.3M79.93M73.63M
Free Cash Flow+-110.01M152.01M-935.61M304.33M261.5M15.42M
FCF Growth %-2.38%-7.16%1.33%-0.14%-0.94%
FCF / Revenue %------

Key Ratios

Metric201920202021202220232024
FFO per Share-15.38-5.880.73-9.03-4.42-2.25
FFO Payout Ratio0%0%0%0%0%0%
NOI Margin6.91%8.25%10.04%4.62%5.34%7.86%
Net Debt / EBITDA--42.28x---
Debt / Assets88.73%77.02%75.94%81%68.34%80.63%
Interest Coverage-1.83x-1.37x1.25x-2.77x-5.54x-2.46x
Book Value / Share9.78-37.1426.987.463.861.74
Revenue Growth--1.08%94.54%90.89%-66.74%-30.1%

Revenue by Segment

2024
Other Operating24.09M
Other Operating Growth-

Frequently Asked Questions

Growth & Financials

Offerpad Solutions Inc. (OPAD) reported $628.0M in revenue for fiscal year 2024. This represents a 42% decrease from $1.08B in 2019.

Offerpad Solutions Inc. (OPAD) saw revenue decline by 30.1% over the past year.

Offerpad Solutions Inc. (OPAD) reported a net loss of $54.9M for fiscal year 2024.

Dividend & Returns

Offerpad Solutions Inc. (OPAD) has a return on equity (ROE) of -83.2%. Negative ROE indicates the company is unprofitable.

Industry Metrics

Offerpad Solutions Inc. (OPAD) generated Funds From Operations (FFO) of $-47.2M in the trailing twelve months. FFO is the primary profitability metric for REITs.

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