Offerpad Solutions (OPAD)
NYSE:OPAD
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Offerpad Solutions
(NYSE:OPAD)
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Rating:52Neutral
Price Target:
$0.63
▼(-13.29% Downside)
Action:ReiteratedDate:03/07/26
The score is held up by strong recent free cash flow and reduced balance-sheet leverage, plus earnings-call guidance suggesting operational progress toward positive adjusted EBITDA in 2026. It is weighed down by persistent revenue contraction and ongoing losses, a clearly bearish technical setup, and corporate overhangs from NYSE price compliance risk.
Positive Factors
Strong cash generation
Consistently strong operating and free cash flow provides durable liquidity and funds operations without immediate reliance on markets. Positive FCF narrows the gap between accounting losses and cash reality, supporting reinvestment, inventory turns and runway for scaling fee businesses.
Negative Factors
Revenue decline & thin margins
Ongoing revenue contraction and single‑digit gross margins mean the core cash‑offer business relies heavily on achieving scale to earn attractive returns. Low margins limit the cushion for cost shocks and make profitability sensitive to housing price and holding‑period volatility.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong cash generation
Consistently strong operating and free cash flow provides durable liquidity and funds operations without immediate reliance on markets. Positive FCF narrows the gap between accounting losses and cash reality, supporting reinvestment, inventory turns and runway for scaling fee businesses.
Read all positive factors
Offerpad Solutions (OPAD) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$34.43M
Dividend YieldN/A
Average Volume (3M)688.02K
Price to Earnings (P/E)―
Beta (1Y)1.70
Revenue Growth-36.25%
EPS Growth11.92%
CountryUS
Employees200
SectorReal Estate
Sector Strength53
IndustryReal Estate - Services
Share Statistics
EPS (TTM)-0.26
Shares Outstanding47,286,797
10 Day Avg. Volume523,436
30 Day Avg. Volume688,018
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-0.12
Enterprise Value/Revenue>-0.01
Enterprise Value/Gross Profit-0.09
Enterprise Value/Ebitda0.13
Forecast
1Y Price Target
$1.75Price Target Upside139.73% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering3
EPS Forecast (FY)-0.5
Revenue Forecast (FY)$617.32M
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 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.
Data provided by:
The Fly
The FlyOfferpad Solutions Earnings Call Summary
Earnings Call Date:Feb 23, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:May 06, 2026
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.Positive Updates
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.
Negative Updates
Adjusted EBITDA Loss and Near-Term Profitability
Adjusted EBITDA loss of $6.9 million in Q4 2025 (though management expects to achieve positive adjusted EBITDA within 2026), and Q4 underlying performance only consistent with prior quarter after excluding one-time restructuring costs.
Read all updates
Q4-2025 Updates
Positive
Negative
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.
Read all positive updates
Company Guidance
Offerpad guided Q1 2026 to 250–300 real estate transactions and $70–95 million of revenue with a sequential improvement in adjusted EBITDA, and reiterated a plan to reach ~1,000 transactions per quarter as it exits 2026 (targeting positive adjusted EBITDA within the year) without assuming additional capital; operational targets include 90–120 day turns, mid‑single‑digit contribution margins per property and annualized returns on deployed capital of 15–20%. For context, Q4 revenue was $114M (312 homes sold) and FY2025 revenue was $568M (1,591 homes sold) with Q4 gross margin 7% (FY 7.4%), gross profit $8M (FY $42M) and a Q4 adjusted EBITDA loss of $6.9M; RENOVATE generated $27.1M in 2025 (≈+50% YoY) with 20–30% margins, median purchase price was ≈$370K with ~$25K average renovation spend per home, the marketplace retains ~5% seller fees (~$20K on a $400K home), aged inventory is under 60 homes (all cohorts but 2 expected profitable), liquidity was >$55M at year‑end including $27M unrestricted cash and rose to >$70M after an $18M Q1 raise, and management noted top‑of‑funnel of 10K–20K sellers where roughly a 1% conversion lift supports the 1,000‑transaction exit goal.Offerpad Solutions Financial Statement Overview
Summary
Income Statement
28
Negative
Balance Sheet
55
Neutral
Cash Flow
74
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 567.81M | 918.82M | 1.31B | 3.95B | 2.07B |
| Gross Profit | 42.04M | 72.19M | 70.18M | 182.42M | 207.81M |
| EBITDA | -30.17M | -42.83M | -97.47M | -101.24M | 23.00M |
| Net Income | -46.38M | -62.16M | -117.22M | -148.61M | 6.46M |
Balance Sheet | |||||
| Total Assets | 154.77M | 313.05M | 379.69M | 825.07M | 1.35B |
| Cash, Cash Equivalents and Short-Term Investments | 26.54M | 43.02M | 75.97M | 97.24M | 169.82M |
| Total Debt | 0.00 | 252.41M | 259.50M | 668.33M | 1.03B |
| Total Liabilities | 116.55M | 265.40M | 277.92M | 703.19M | 1.10B |
| Stockholders Equity | 38.22M | 47.65M | 101.78M | 121.88M | 257.57M |
Cash Flow | |||||
| Free Cash Flow | 65.73M | 15.42M | 261.50M | 304.33M | -935.61M |
| Operating Cash Flow | 66.81M | 20.83M | 261.63M | 305.40M | -921.92M |
| Investing Cash Flow | -1.06M | -5.33M | 1.99M | -1.07M | -11.65M |
| Financing Cash Flow | -111.21M | -21.82M | -323.98M | -358.47M | 1.08B |
Offerpad Solutions Technical Analysis
Neutral
0.73
Price Trends
0.79
Negative
1.18
Negative
1.93
Negative
Market Momentum
-0.03
Negative
48.94
Neutral
85.19
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 0.73 is above the 20-day moving average (MA) of 0.70, below the 50-day MA of 0.79, and below the 200-day MA of 1.93, indicating a neutral trend. The MACD of -0.03 indicates Negative momentum. The RSI at 48.94 is Neutral, neither overbought nor oversold. The STOCH value of 85.19 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% | |
59 Neutral | $188.04M | 18.48 | 1.84% | ― | -6.06% | ― | |
52 Neutral | $34.43M | -0.97 | -135.60% | ― | -36.25% | 11.92% | |
50 Neutral | $4.14B | -3.44 | -168.18% | ― | -4.45% | 18.95% | |
50 Neutral | $148.21M | 13.94 | 10.23% | ― | 6.62% | 30.94% | |
49 Neutral | $26.78M | -1.21 | -46.07% | ― | 32.78% | 36.50% | |
45 Neutral | $24.95M | -8.84 | -43.53% | ― | ― | ― |
* Real Estate Sector Average
OPAD
Offerpad Solutions
0.73
-0.71
-49.44%
RMAX
Re/Max Holdings
5.75
-1.64
-22.19%
FTHM
Fathom Holdings
0.82
0.06
7.36%
OPEN
Opendoor Technologies
4.32
3.37
353.31%
DOUG
Douglas Elliman Inc.
1.68
0.02
1.20%
OMH
Ohmyhome Limited
1.08
-0.88
-44.90%
Offerpad Solutions Corporate Events
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...
Executive/Board Changes
Offerpad Announces Board Changes With New Director Appointment
Neutral
Feb 13, 2026
On February 13, 2026, Offerpad Solutions announced that director Katie Curnutte resigned from its Board of Directors, effective the same day. The move prompted a board refresh that maintains continuity in governance and committee oversight.In conn...
Private Placements and FinancingRegulatory Filings and Compliance
Offerpad Solutions Announces $18 Million Direct Stock Offering
Positive
Jan 13, 2026
On January 11, 2026, Offerpad Solutions Inc. entered into a securities purchase agreement to issue and sell 10,000,000 shares of its Class A common stock at $1.80 per share, for gross proceeds of $18 million before fees and expenses, under an exis...
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.