Offerpad Solutions (OPAD) AI Stock Analysis

• Market Cap: $36.82M
• Dividend Yield: N/A
• Average Volume (3M): 1.83M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.63
• Revenue Growth: -36.25%
• EPS Growth: 11.92%
• Country: US
• Employees: 200
• Sector: Real Estate
• Sector Strength: 53
• Industry: Real Estate - Services
• EPS (TTM): -0.26
• Shares Outstanding: 47,210,648
• 10 Day Avg. Volume: 1,300,248
• 30 Day Avg. Volume: 1,827,830
• PEG Ratio: 0.03
• Price to Book (P/B): 1.18
• Price to Sales (P/S): 0.08
• P/FCF Ratio: 0.69
• Enterprise Value/Market Cap: -0.12
• Enterprise Value/Revenue: >-0.01
• Enterprise Value/Gross Profit: -0.10
• Enterprise Value/Ebitda: 0.13
• 1Y Price Target: $1.75
• Price Target Upside: 103.49% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2
• EPS Forecast (FY): -0.5
• Revenue Forecast (FY): $617.32M

• Rating: 55 Neutral
• Price Target: $0.88 ▲(2.56% Upside)
• Action: Reiterated Date: 02/24/26
• Date: Action: Reiterated 02/24/26

The score is held up by strong recent cash generation and reduced leverage, plus constructive guidance and operational progress from the latest earnings call. It is weighed down by ongoing revenue contraction and continuing losses, and by clearly bearish technical signals (below major moving averages with negative MACD).

Positive Factors

Strong cash generation

Sustained positive operating and free cash flow materially improves financial flexibility versus prior years. Strong cash generation can fund working capital, renovations and marketplace growth without immediate reliance on dilution or debt, providing durable runway while management scales the model.

Materially reduced leverage

Eliminating reported debt sharply lowers solvency and interest-rate exposure, improving optionality for capital allocation. A de-levered balance sheet supports execution of growth initiatives with less refinancing risk, though equity base and profitability still need reinforcement over time.

Growing fee-based businesses

Rapid RENOVATE growth and attractive service margins, plus marketplace fee expansion, shift revenue mix toward balance-sheet-light, higher-margin streams. This structural move reduces reliance on principal deployments and should improve margin sustainability as scale and conversion improve.

Negative Factors

Declining revenue trend

Persistent revenue contraction erodes operating leverage and makes fixed-cost absorption harder. Over multiple quarters this trend can compress per-unit economics, slow scale benefits from fee businesses, and lengthen the timeline to achieve sustainable profitability.

Thin margins and ongoing losses

Low core gross margins and continued adjusted EBITDA losses indicate fragile unit economics that require significant scale or mix shift to remedy. Until higher-margin fee streams or velocity improvements offset low cash-offer margins, profitability remains vulnerable to volume and price swings.

Execution and liquidity sensitivity

The plan to scale materially hinges on conversion improvements and operational execution; failure to lift conversion or sustain marketplace growth risks missing scale economics. Coupled with modest unrestricted cash and a recent $18M raise, the company remains sensitive to funding and execution shocks.

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 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.

How the Company Makes Money

Offerpad generates revenue primarily through its home buying and selling services. The company makes money by purchasing homes directly from sellers, refurbishing them, and then reselling them at a profit. This process often involves charging service fees to sellers for the convenience of instant offers and cash transactions. Additionally, Offerpad earns revenue from ancillary services such as title insurance, mortgage services, and home warranty products, which are offered to customers during the transaction process. The company may also benefit from strategic partnerships with real estate agents and service providers, enhancing their offerings and potentially increasing revenue through commissions and referrals.

Offerpad Solutions Financial Statement Overview

Summary

Financials are mixed: cash flow is strong (TTM operating cash flow ~$66.8M; free cash flow ~$65.7M, up ~48% YoY) and reported total debt is zero, reducing solvency pressure. Offsetting this, revenue is still contracting (~9.6% TTM) and profitability remains weak (gross margin ~7.4%, net margin about -8.2%), keeping the earnings durability and business-model strength as key risks.

Income Statement

TTM (Trailing-Twelve-Months) revenue declined (~9.6%), extending a multi-year contraction after 2022, which continues to pressure operating leverage. Profitability remains weak: gross margin is low (~7.4%) and the company is still loss-making (net margin about -8.2%), although losses are smaller than 2022–2023 levels. The main positives are modestly improved gross margin versus prior years and a narrower net loss versus 2023–2024, but the earnings profile is still below investable quality.

Balance Sheet

The balance sheet shows a meaningful improvement in financial risk: TTM (Trailing-Twelve-Months) total debt is reported at zero versus high leverage in 2022–2024, materially reducing solvency pressure. However, equity remains relatively small versus the asset base (TTM equity ~$38M on ~$155M assets), and returns on equity are deeply negative due to ongoing losses. In short: leverage risk has fallen sharply, but the capital base and profitability are still fragile.

Cash Flow

Cash generation is the standout. TTM (Trailing-Twelve-Months) operating cash flow (~$66.8M) and free cash flow (~$65.7M) are strongly positive, with free cash flow up meaningfully year over year (~48%). Free cash flow is also close to the reported net loss in magnitude, indicating cash burn is not mirroring accounting losses. The key watch-out is volatility across years (e.g., very weak operating cash flow in 2021), so sustainability through the cycle remains the main question.

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

• Technical Analysis Sentiment: Negative
• Last Price: 0.86
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For OPAD, the sentiment is Negative. The current price of 0.86 is below the 20-day moving average (MA) of 0.87, below the 50-day MA of 1.18, and below the 200-day MA of 1.97, indicating a bearish trend. The MACD of -0.12 indicates Negative momentum. The RSI at 36.32 is Neutral, neither overbought nor oversold. The STOCH value of 65.15 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for OPAD.

Offerpad Solutions Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
RMAX	60 Neutral	$209.72M	16.44	2.87%	―	-6.06%	―
OPAD	55 Neutral	$36.82M	―	-108.03%	―	-36.25%	11.92%
DOUG	54 Neutral	$196.29M	-3.19	-41.11%	―	6.62%	30.94%
FTHM	51 Neutral	$31.52M	-1.24	-43.75%	―	32.78%	36.50%
OPEN	50 Neutral	$5.19B	―	-151.34%	―	-4.45%	18.95%
OMH	45 Neutral	$33.03M	―	―	―	―	―

Offerpad Solutions Corporate Events

Offerpad Announces Board Changes With New Director Appointment

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 connection with the resignation, the Board appointed Tela Mathias as a Class II director effective February 13, 2026, with a term running through the 2026 annual shareholder meeting. Mathias, who has no related-party ties to the company, will serve on the Compensation and Audit Committees and receive standard non-employee director pay, with access to Offerpad’s deferred compensation and indemnification arrangements.

The most recent analyst rating on (OPAD) stock is a Hold with a $0.96 price target. To see the full list of analyst forecasts on Offerpad Solutions stock, see the OPAD Stock Forecast page.

Offerpad Solutions Announces $18 Million Direct Stock Offering

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 existing shelf registration statement. The registered direct offering, for which A.G.P./Alliance Global Partners acted as exclusive placement agent, is expected to close on January 13, 2026, and includes a 60-day restriction following closing on additional common stock issuances or variable-rate transactions (subject to specified exceptions), signaling a near-term cap on equity dilution while providing fresh capital that may support the company’s ongoing operations and financing needs.

The most recent analyst rating on (OPAD) stock is a Hold with a $1.50 price target. To see the full list of analyst forecasts on Offerpad Solutions stock, see the OPAD Stock Forecast page.