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Offerpad Solutions Inc.

OPAD NYSE Categories PDF
Real Estate · Real Estate - Services · United States · Updated May 11, 6:04am
$0.67
Price
$20.8M
Market Cap
200
Employees
2.46
Beta
Brian Bair
CEO
Business Description

Offerpad 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.

Business History
Price History (1 Year)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
Period Revenue Net Income Net Margin YoY/QoQ
Key Metrics
API Direct from provider CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
CALC
Stock Price / EPS (Diluted)
-0.45
Stock Price: $0.67
EPS (Diluted): -1.50
P/B Ratio (Price vs net asset value)
API
Stock Price / Book Value Per Share
1.18
Stock Price: $0.67
Total Equity: $38.22M
Shares: 37,224,000
EV/EBITDA (Total value vs operating profit)
API
Enterprise Value / EBITDA
0.73
Market Cap: $20.76M
Total Debt: $0.00
Cash: $26.54M
EBITDA: -$30.17M
Enterprise Value (Takeover price (cap + debt - cash))
API
Market Cap + Total Debt - Cash
$18.5M
Market Cap: $20.76M
Total Debt: $0.00
Cash: $26.54M
Gross Margin (Revenue left after direct costs)
API
Gross Profit / Revenue
7.4%
Gross Profit: $42.04M
Revenue: $567.81M
Operating Margin (Revenue left after all operations)
API
Operating Income / Revenue
-5.9%
Operating Income: -$33.39M
Revenue: $567.81M
Net Margin (Revenue left as actual profit)
API
Net Income / Revenue
-8.2%
Net Income: -$46.38M
Revenue: $567.81M
ROE (Profit from shareholder equity)
API
Net Income / Total Equity
-111.7%
Net Income: -$46.38M
Total Equity: $38.22M
ROIC (Profit from all invested capital)
API
NOPAT / Invested Capital
-42.1%
Operating Income: -$33.39M
Tax Rate: -1.0%
Equity: $38.22M
Total Debt: $0.00
Cash: $26.54M
Zero debt — invested capital = equity minus cash (very efficient)
Current Ratio (Can it pay short-term bills)
API
Current Assets / Current Liabilities
1.48
Current Assets: $131.69M
Current Liabilities: $88.80M
Debt/Equity (Leverage — debt vs equity)
CALC
Total Debt / Total Equity
0.00
Short-Term Debt: $0.00
Long-Term Debt: $0.00
Total Debt: $0.00
Total Equity: $38.22M
Zero debt — this company carries no debt obligations. Strongest possible score.
Rev/Share (Top-line per share)
CALC
Revenue / Shares Outstanding
$15.25
Revenue: $567.81M
Shares: 37,224,000
Book Value/Share (Net assets per share)
CALC
(Total Assets - Total Liabilities) / Shares
$1.03
Total Equity: $38.22M
Shares: 37,224,000
FCF/Share (Real cash generated per share)
CALC
(Operating Cash Flow + CapEx) / Shares
$1.77
Operating CF: $66.81M
CapEx: -$1.08M
Shares: 37,224,000
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
API
Last Annual Dividend / Stock Price
0.0%
Last Dividend: N/A
Stock Price: $0.67
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: -$46.38M
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares OPAD against LLM-researched typical ranges for its industry. One research call per industry, cached indefinitely — every stock in the same industry reuses the same baseline.
Deep Analysis

Pre-flight intelligence scans the company first, then routes to the right analytical methods.

0 Company Classification — What type of company is this?
1 Industry Landscape — Where is the industry headed?
2 Company Momentum — Where is this company trending?
3 Forward Projection — 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a DCF Valuation — Present value of future cash flows
4b Earnings Power Value — Floor value — worth with zero growth
4c Anchored PE — Industry PE adjusted for growth differential
4d Reverse DCF — What growth is the market pricing in?
4e Revenue-Based DCF — For growth/narrative companies (skip if mature earner)
4f Anchored P/S — Price-to-Sales peer comparison (skip if mature earner)
4g Scenario Analysis — Bull / Base / Bear (skip if mature earner)
4h Dividend Discount Model — For dividend/income stocks only
4i Book Value Analysis — For deep value / turnaround stocks only
4j Insider Activity — Are insiders buying or selling?
4f Cash Flow Quality — How trustworthy is the FCF?
4g Debt Maturity Risk — Can it handle its debt?
4h Macro Environment — Rates, market valuation, volatility
4i Sector Intelligence — How does this company compare within its sector?
4j Revenue Confidence — How reliable is the growth projection?
4k Sensitivity Analysis — How fragile is the fair value estimate?
4l Sector Demand Cycle — Is the sector in a boom, steady state, or contraction?
5 AI Investigation — Adaptive research engine (Claude)
5b Thesis Evaluation — What does the market believe? (narrative/platform stocks only)
6 Valuation Synthesis — Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
Metric 2021 2022 2023 2024 2025
Revenue $2.1B $4.0B $1.3B $918.8M $567.8M
Cost of Revenue $1.9B $3.8B $1.2B $846.6M $525.8M
Gross Profit $207.8M $182.4M $70.2M $72.2M $42.0M
Operating Expenses $188.0M $309.7M $174.6M $118.2M $75.4M
Operating Income $19.8M -$127.3M -$104.4M -$46.0M -$33.4M
Net Income $6.5M -$148.6M -$117.2M -$62.2M -$46.4M
EBITDA $23.0M -$101.2M -$97.5M -$42.8M -$30.2M
EPS $0.75 $-9.15 $-4.44 $-2.27 $-1.50
EPS (Diluted) — — — — —
Balance Sheet (Annual)
Metric 2021 2022 2023 2024 2025
Cash & Equivalents $169.8M $97.2M $76.0M $43.0M $26.5M
Total Current Assets $1.3B $814.2M $371.6M $294.2M $131.7M
Total Assets $1.4B $825.1M $379.7M $313.1M $154.8M
Current Liabilities $1.1B $699.0M $276.0M $251.0M $88.8M
Long-Term Debt $0 $0 $0 $0 $0
Total Liabilities $1.1B $703.2M $277.9M $265.4M $116.6M
Total Equity $257.6M $121.9M $101.8M $47.7M $38.2M
Retained Earnings -$132.1M -$280.7M -$397.9M -$460.0M -$506.4M
Cash Flow (Annual)
Metric 2021 2022 2023 2024 2025
Operating Cash Flow -$921.9M $305.4M $261.6M $20.8M $66.8M
Capital Expenditure -$13.7M -$1.1M $-127,000 -$5.4M -$1.1M
Free Cash Flow -$935.6M $304.3M $261.5M $15.4M $65.7M
Acquisitions (net) $2.0M $0 $0 $0 $19,000
Debt Repayment — — — — —
Dividends Paid — — — — —
Stock Buybacks -$51.2M $-285,000 $0 $-77,000 $0
Net Change in Cash $143.7M -$54.1M -$60.4M -$6.3M -$45.5M
Analyst Estimates (Annual)
Metric 2025 2026 2027 2028
Revenue $570.3M
$550.5M – $588.0M
 $412.0M
$397.8M – $424.9M
 $556.4M
$537.1M – $573.7M
 $602.0M
$602.0M – $602.0M
EBITDA -$21.5M
-$22.2M – -$20.7M
 -$15.5M
-$16.0M – -$15.0M
 -$21.0M
-$21.6M – -$20.2M
 -$22.7M
-$22.7M – -$22.7M
Net Income -$55.8M
-$58.2M – -$53.4M
 -$22.6M
-$23.6M – -$21.6M
 -$8.9M
-$9.3M – -$8.5M
 -$6.3M
-$6.6M – -$6.0M
EPS — — — —
Growth Trends (YoY %)
Metric 2022 2023 2024 2025
Revenue Growth +90.9% -66.7% -30.1% -38.2%
Gross Profit Growth -12.2% -61.5% +2.9% -41.8%
Operating Income Growth -744.1% +18.0% +55.9% +27.5%
Net Income Growth -2,400.5% +21.1% +47.0% +25.4%
EBITDA Growth -540.2% +3.7% +56.1% +29.6%
Insider Trading (Recent)
Date Insider Type Shares Price Value
2026-03-31 OHARA RYAN A-Award 32,196.00 $0.00 $0
2026-03-31 DEGIORGIO KENNETH D A-Award 35,984.00 $0.00 $0
2026-02-13 Mathias Tela Gallagher A-Award 136,364.00 $0.00 $0
2026-02-13 Mathias Tela Gallagher 0.00 $0.00 $0
2025-12-31 OHARA RYAN A-Award 12,396.00 $0.00 $0
2025-12-31 DEGIORGIO KENNETH D A-Award 14,462.00 $0.00 $0
2025-12-31 Curnutte Katherine A-Award 9,297.00 $0.00 $0
2025-09-30 Sella Roberto Marco J-Other 764,858.00 $0.00 $0
2025-09-30 LL Capital Partners I, L.P. J-Other 16,012.00 $0.00 $0
2025-09-30 LL Capital Partners I, L.P. J-Other 931,385.00 $0.00 $0
2025-09-30 LL Capital Partners I, L.P. J-Other 5,816,959.00 $0.00 $0
2025-09-30 DEGIORGIO KENNETH D A-Award 4,196.00 $0.00 $0
2025-09-30 Curnutte Katherine A-Award 2,697.00 $0.00 $0
2025-09-30 OHARA RYAN A-Award 3,597.00 $0.00 $0
2025-08-08 Corley Donna M A-Award 71,429.00 $0.00 $0
2025-08-08 OHARA RYAN A-Award 71,429.00 $0.00 $0
2025-08-08 Curnutte Katherine A-Award 71,429.00 $0.00 $0
2025-08-08 DEGIORGIO KENNETH D A-Award 71,429.00 $0.00 $0
2025-07-30 Knag Peter H A-Award 465,000.00 $0.00 $0
2025-07-30 Bair Brian A-Award 1,000,000.00 $0.00 $0
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Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.193 · 1946f027 · 2026-05-08 18:57:27