Offerpad Solutions Inc. (OPAD)
NYSE:OPAD
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Offerpad Solutions
(NYSE:OPAD)
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Rating:54Neutral
Price Target:
$0.60
▼(-28.10% Downside)
Action:Reiterated
Date:05/01/26
The score is held back mainly by declining revenue and ongoing losses, partially offset by strong current free cash flow and a debt-free balance sheet. Technicals are neutral but still below longer-term trend levels, while the earnings call suggests improving execution and a path toward adjusted-EBITDA breakeven. Valuation support is limited due to negative earnings, and the NYSE compliance issue adds downside risk.
Positive Factors
Debt-free balance sheet
Elimination of reported debt materially reduces fixed financing costs and lowers insolvency risk, giving management durable financial flexibility to fund inventory turns or cover seasonality without relying on new debt. This structurally improves resilience through housing cycles.
Negative Factors
Declining revenue and low gross margins
Multi-year revenue contraction with sub-10% gross margins limits the firm's ability to absorb operating costs and shocks. Low spread between resale and total cost basis leaves a thin cushion versus pricing volatility and elevates sensitivity to adverse housing moves.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
Elimination of reported debt materially reduces fixed financing costs and lowers insolvency risk, giving management durable financial flexibility to fund inventory turns or cover seasonality without relying on new debt. This structurally improves resilience through housing cycles.
Read all positive factors
Offerpad Solutions Key Performance Indicators (KPIs)
Any
Revenue by Segment
Breaks down revenue across home sales, ancillary services (title, mortgage, repairs) and fees. For Offerpad, the mix shows whether core home-flipping or add-on services drive growth and margins, and reveals sensitivity to housing prices versus recurring-service income.
Breaks down revenue across home sales, ancillary services (title, mortgage, repairs) and fees. For Offerpad, the mix shows whether core home-flipping or add-on services drive growth and margins, and reveals sensitivity to housing prices versus recurring-service income.
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The Fly
The FlyOfferpad Solutions (OPAD) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$33.48M
Dividend YieldN/A
Average Volume (3M)692.16K
Price to Earnings (P/E)―
Beta (1Y)1.87
Revenue Growth-38.65%
EPS Growth43.87%
CountryUS
Employees200
SectorReal Estate
Sector Strength53
IndustryReal Estate - Services
Share Statistics
EPS (TTM)-1.22
Shares Outstanding47,317,852
10 Day Avg. Volume530,543
30 Day Avg. Volume692,160
Financial Highlights & Ratios
PEG Ratio0.03
Price to Book (P/B)1.18
Price to Sales (P/S)0.08
P/FCF Ratio0.69
Enterprise Value/Market Cap-0.56
Enterprise Value/Revenue-0.04
Enterprise Value/Gross Profit-0.51
Enterprise Value/Ebitda0.66
Forecast
1Y Price Target
$1.43Price Target Upside69.64% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering3
EPS Forecast (FY)-0.61
Revenue Forecast (FY)$455.76M
Offerpad Solutions Business Overview & Revenue Model
Company 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 p...
How the Company Makes Money
Offerpad primarily makes money through its home buying and selling operations. It purchases homes directly from sellers for cash, then resells those homes; revenue is recorded largely from the resale of homes, and the company’s gross profit depend...
Offerpad Solutions Earnings Call Summary
Earnings Call Date:Apr 30, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Aug 05, 2026
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.Positive Updates
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).
Negative Updates
Adjusted EBITDA Loss Continues
Adjusted EBITDA loss was $6.7M in Q1 2026 (although improved sequentially from Q4 2025). Management expects to reach positive adjusted EBITDA before the end of 2026 but remains loss-making in the quarter presented.
Read all updates
Q1-2026 Updates
Positive
Negative
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).
Read all positive updates
Company Guidance
Offerpad guided Q2 to 300–350 real estate transactions (a 14%–33% sequential increase vs Q1) and $80–$90 million of revenue with a narrower adjusted EBITDA loss versus Q1’s $6.7 million shortfall, reaffirming a target of ~1,000 transactions per quarter as the adjusted‑EBITDA breakeven point and reiterating an expectation of positive adjusted EBITDA before year‑end 2026. In Q1 the company reported $80.0 million of revenue on 263 transactions, $5.6 million gross profit (6.9% gross margin vs 6.5% in Q1 2025), operating expenses excluding property selling costs of roughly $12.2 million (GAAP operating expenses ≈ $14.5M), Renovate revenue of $5.7 million with 20%–30% margins, quarter‑end liquidity of >$60 million including $41 million of unrestricted cash, no anticipated need for incremental equity under current plans, and progress metrics including >200 basis points improvement in contracting rates post‑Scout, a 37% YoY decline in cost per qualified lead, and over $140 million of annualized expense reductions since 2022.Offerpad Solutions Financial Statement Overview
Summary
Income Statement
24
Negative
Balance Sheet
52
Neutral
Cash Flow
70
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 487.19M | 567.81M | 918.82M | 1.31B | 3.95B | 2.07B |
| Gross Profit | 37.09M | 42.04M | 72.19M | 70.18M | 182.42M | 207.81M |
| EBITDA | -28.48M | -30.17M | -42.83M | -97.47M | -101.24M | 23.00M |
| Net Income | -41.46M | -46.38M | -62.16M | -117.22M | -148.61M | 6.46M |
Balance Sheet | ||||||
| Total Assets | 149.77M | 154.77M | 313.05M | 379.69M | 825.07M | 1.35B |
| Cash, Cash Equivalents and Short-Term Investments | 40.82M | 26.54M | 43.02M | 75.97M | 97.24M | 169.82M |
| Total Debt | 0.00 | 0.00 | 252.41M | 259.50M | 668.33M | 1.03B |
| Total Liabilities | 103.93M | 116.55M | 265.40M | 277.92M | 703.19M | 1.10B |
| Stockholders Equity | 45.84M | 38.22M | 47.65M | 101.78M | 121.88M | 257.57M |
Cash Flow | ||||||
| Free Cash Flow | 85.93M | 65.73M | 15.42M | 261.50M | 304.33M | -935.61M |
| Operating Cash Flow | 86.03M | 66.81M | 20.83M | 261.63M | 305.40M | -921.92M |
| Investing Cash Flow | -68.00K | -1.06M | -5.33M | 1.99M | -1.07M | -11.65M |
| Financing Cash Flow | -80.01M | -111.21M | -21.82M | -323.98M | -358.47M | 1.08B |
Offerpad Solutions Technical Analysis
Neutral
0.84
Price Trends
0.72
Negative
0.89
Negative
1.81
Negative
Market Momentum
-0.02
Negative
50.67
Neutral
87.89
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For OPAD, the sentiment is Neutral. The current price of 0.84 is above the 20-day moving average (MA) of 0.68, above the 50-day MA of 0.72, and below the 200-day MA of 1.81, indicating a neutral trend. The MACD of -0.02 indicates Negative momentum. The RSI at 50.67 is Neutral, neither overbought nor oversold. The STOCH value of 87.89 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for OPAD.
Offerpad Solutions Risk Analysis
Offerpad Solutions disclosed 62 risk factors in its most recent earnings report. Offerpad Solutions reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Offerpad Solutions Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
62 Neutral | $316.97M | -3.03 | 0.08% | ― | -5.43% | -93.40% | |
55 Neutral | $4.37B | -6.49 | -163.25% | ― | -23.16% | -208.85% | |
54 Neutral | $33.48M | -0.75 | -111.72% | ― | -38.65% | 43.87% | |
44 Neutral | $19.96M | -1.60 | -49.25% | ― | 25.45% | 31.31% | |
44 Neutral | $166.36M | -2.16 | 3.26% | ― | -5.23% | ― | |
43 Neutral | $18.14M | -2.90 | -43.53% | ― | ― | ― |
* Real Estate Sector Average
OPAD
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Offerpad Solutions Corporate Events
Private Placements and FinancingRegulatory Filings and Compliance
Offerpad Files Prospectus to Enable New Equity Sales
Neutral
Apr 30, 2026
On April 30, 2026, Offerpad Solutions Inc. disclosed that it had filed a prospectus supplement tied to its existing Open Market Sales Agreement with Jefferies LLC, originally dated August 28, 2025. Under this arrangement, the company may, from tim...
Business Operations and StrategyDelistings and Listing ChangesRegulatory Filings and ComplianceStock Split
Offerpad Faces NYSE Compliance Challenge, Plans Remedial Actions
Negative
Mar 6, 2026
On March 3, 2026, Offerpad Solutions Inc. received notice from the New York Stock Exchange that it was out of compliance with the exchange’s minimum share price rule after its Class A common stock traded below an average of $1.00 over 30 con...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.