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Offerpad Solutions (OPAD)
NYSE:OPAD
Earnings Data
Report Date
May 06, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
-0.23Last Year’s EPS
-0.54Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call communicated a clear restructuring and repositioning story: management prioritized capital discipline in 2025, materially reduced costs, cleaned up aged inventory and expanded a multi-solution platform that is already showing early signs of traction (marketplace +60% YoY, RENOVATE +50% YoY, recent contract signings up sharply). Financially the company remains unprofitable in the near term (adjusted EBITDA loss in Q4) with modest gross margins and limited unrestricted cash at year-end, but it has strengthened liquidity via an $18M raise and outlines a credible path to scale and positive adjusted EBITDA in 2026 if conversion momentum and marketplace scaling continue. The balance of tangible operational improvements, fee-revenue growth and early 2026 momentum outweigh current losses and market headwinds, though execution and macro risks remain.Company Guidance
Revenue and Sales Figures
Q4 revenue of $114 million with 312 homes sold; full-year 2025 revenue of $568 million with 1,591 homes sold.
Profitability Progress and Gross Profit
Gross margin of 7.0% in Q4 and 7.4% for full-year 2025, generating gross profit of $8 million in Q4 and $42 million for the year, indicating improving unit economics despite constrained volumes.
RENOVATE Strong Growth and Margins
RENOVATE generated $27.1 million in revenue in 2025, up approximately 50% year-over-year, and operates with service margins in the 20%–30% range, providing a fee-based, balance-sheet-light revenue engine.
Cash Offer Marketplace Expansion
Marketplace transactions grew ~60% year-over-year; the business retains an average 5% seller-paid fee (approximately $20,000 on a $400,000 home), allowing revenue without deploying principal capital.
Cost Reductions and Operating Leverage
Over $140 million of annualized expenses removed since 2022; Q4 operating expenses fell from $24 million (Q4 '24) to $15 million (Q4 '25), and management states the cost base can support materially higher transaction volumes without proportional overhead growth.
Inventory and Underwriting Improvements
Aged inventory not under contract reduced to fewer than 60 homes; all inventory cohorts except two homes are expected to be profitable. Median purchase price ~$370,000 and average renovation investment of ~$25,000 per home.
Early 2026 Momentum in Lead to Contract Conversion
Top-of-funnel engagement remained consistent; signed contracts doubled (102% increase) over Nov–Jan, December signed volumes rose 71% month-over-month, and as of mid-February ~305 contracts were signed—nearly matching the full Q4 total with half the quarter remaining.
Liquidity and Capital Raise
Quarter-end total liquidity was over $55 million (including $27 million unrestricted cash and inventory FMV); subsequent $18 million capital raise in early Q1 2026 increased total liquidity to over $70 million.
Strategic Shift to Multi-Solution Platform and AI
Company transitioned from single-product to four-solution platform (cash offer, cash offer marketplace, brokerage/HomePro, RENOVATE) and is embedding AI and decision science across acquisition, underwriting, renovation and disposition to improve pricing precision and capital allocation.
Targeted Capital Efficiency and Return Goals
Property-level contribution margin targets in mid-single digits with 90–120 day turns; management targets annualized returns on deployed capital of ~15%–20% by focusing on velocity (turns) rather than maximizing margin per home.
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 |
|---|---|---|---|
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% |
May 05, 2025 | $1.03 | $0.95 | -7.77% |
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 May 06, 2026, After Close (Confirmed).
What is Offerpad Solutions (OPAD) earnings time?
Offerpad Solutions (OPAD) earnings time is at May 06, 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 (Q1) is -0.23.