Offerpad Solutions (OPAD)
NYSE:OPAD
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Earnings Data
Report Date
Aug 05, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
-0.18Last Year’s EPS
-0.39Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed measurable operational progress: revenue met guidance, gross margin improved, significant cost base reductions, AI-driven funnel and renovation efficiencies produced meaningful early gains (e.g., 200 bps conversion lift and 37% lower cost per qualified lead), and aged inventory was materially reduced. Management provided clear near-term targets (300–350 transactions in Q2, path to ~1,000 transactions per quarter to reach adjusted EBITDA breakeven) and affirmed sufficient liquidity and no anticipated need for equity fundraising. Offsetting these positives are continuing adjusted EBITDA losses, lower-than-historical transaction volumes driven by macro headwinds, a near-term revenue-per-transaction mix shift toward lower-fee products, and the requirement for consistent sequential conversion improvement to hit profitability targets. Overall, operational momentum and cost discipline are strong, but execution risk remains in scaling transactions and converting top-of-funnel gains into sustained volume and profitability.Company Guidance
Q1 Revenue and Transactions Met Guidance
Delivered $80.0M in total revenue in Q1 2026, within guided range of $70M–$95M, with 263 transactions reported for the quarter (transcript also referenced a 163-transaction baseline for certain metrics).
Gross Profit and Margin Improvement
Gross profit of $5.6M and gross margin of 6.9% in Q1 2026, up from 6.5% in Q1 2025 (improvement of ~40 basis points).
Operating Expense Reductions and Operating Leverage
Operating expenses (excluding property selling costs) were approximately $12.2M in Q1, down from $16.7M in Q1 2025 (roughly a 27% YoY reduction). Management reports over $140M of annualized expense reductions since 2022.
AI-Driven Funnel and Efficiency Gains (Scout & Henry)
Deployment of Scout across operating markets produced >200 basis point improvement in home contracting rates (Jan–Mar). Cost per qualified lead declined 37% year-over-year. Henry's AI tools are live for renovation estimation and are being expanded to improve pricing, hold time, and disposition decisions.
Renovate Momentum and Margins
Renovate generated $5.7M in revenue in Q1 (vs $5.3M in prior year), growth of ~$0.4M (~7.5% YoY), and continues to deliver 20%–30% margins with no balance-sheet capital required.
Cash Offer Marketplace and Brokerage Growth
Cash Offer Marketplace grew over 60% YoY in 2025 and is positioned to contribute meaningfully to gross profit in 2026. Brokerage (HomePRO) referred more qualified sellers in Q1 2026 than in all of 2025; one-third of Cash Offer requests now come through the agent partnership program.
Inventory Quality and Aging Improvement
Aged inventory (homes beyond target hold time) reduced to fewer than 30 homes at quarter end, down from fewer than 60 at the end of Q4 2025—indicating accelerated disposition and cleaner portfolio.
Liquidity and Capital Plan
Total liquidity reported at over $60M at quarter end (including $41M of unrestricted cash). Management states current operating framework does not anticipate needing incremental equity capital to execute 2026 plans.
OPAD Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
OPAD Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 30, 2026 | $0.79 | $0.67 | -15.70% |
Feb 23, 2026 | $0.81 | $0.78 | -3.70% |
Nov 03, 2025 | $2.30 | $1.73 | -24.78% |
Aug 04, 2025 | $1.20 | $1.12 | -6.67% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Offerpad Solutions (OPAD) report earnings?
Offerpad Solutions (OPAD) is schdueled to report earning on Aug 05, 2026, After Close (Confirmed).
What is Offerpad Solutions (OPAD) earnings time?
Offerpad Solutions (OPAD) earnings time is at Aug 05, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is OPAD EPS forecast?
OPAD EPS forecast for the fiscal quarter 2026 (Q2) is -0.18.