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Offerpad Solutions
(NYSE:OPAD)
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Rating:52Neutral
Price Target:
$5.50
▲(554.76% Upside)
Action:Reiterated
Date:06/09/26
OPAD’s score is held back primarily by weak operating performance (shrinking revenue, ongoing losses) and a clearly bearish price trend (trading below all key moving averages). These are partly offset by strong current free cash flow and a de-risked balance sheet with reported debt at 0, plus earnings-call guidance indicating improving operations and a stated path toward adjusted EBITDA profitability. The recent reverse split adds a negative corporate-event overhang.
Positive Factors
Strong cash generation & de-risked balance sheet
Consistent positive operating and free cash flow (~$86M TTM) combined with reported zero total debt materially reduces refinancing risk and provides multi-quarter runway. This durable cash generation supports execution, inventory disposition, and reinvestment without immediate external financing.
Negative Factors
Declining revenue and weak core margins
Multi-year revenue contraction (-14.2% TTM) and a thin gross margin (~7.6%) show persistent demand and pricing pressure. Continued accounting losses imply the cost base still outstrips scale, creating a structural profitability gap that must be closed to deliver durable returns.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong cash generation & de-risked balance sheet
Consistent positive operating and free cash flow (~$86M TTM) combined with reported zero total debt materially reduces refinancing risk and provides multi-quarter runway. This durable cash generation supports execution, inventory disposition, and reinvestment without immediate external financing.
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
$23.71M
Dividend YieldN/A
Average Volume (3M)89.17K
Price to Earnings (P/E)―
Beta (1Y)2.04
Revenue Growth-38.65%
EPS Growth43.87%
CountryUS
Employees140
SectorReal Estate
Sector Strength53
IndustryReal Estate - Services
Share Statistics
EPS (TTM)-12.20
Shares Outstanding4,731,785
10 Day Avg. Volume57,670
30 Day Avg. Volume89,171
Financial Highlights & Ratios
PEG Ratio0.02
Price to Book (P/B)1.18
Price to Sales (P/S)0.08
P/FCF Ratio0.69
Enterprise Value/Market Cap2.85
Enterprise Value/Revenue0.14
Enterprise Value/Gross Profit1.82
Enterprise Value/Ebitda-2.37
Forecast
1Y Price Target
$14.25Price Target Upside1596.43% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering3
EPS Forecast (FY)-6.08
Revenue Forecast (FY)$455.76M
Offerpad Solutions Business Overview & Revenue Model
Company Description
Offerpad Solutions Inc., operating alongside its subsidiaries, delivers a full spectrum of real estate services to homeowners throughout the United States, including the purchase, sale, rental, and refurbishment of properties. The company leverage...
How the Company Makes Money
Offerpad primarily makes money through home resale economics and transaction-related service fees. (1) Home sales revenue (core): Offerpad purchases homes directly from sellers, records the subsequent resale of those homes to retail buyers as reve...
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 | 41.63M | 26.54M | 43.02M | 75.97M | 97.24M | 169.82M |
| Total Debt | 94.38M | 93.83M | 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
Negative
0.84
Price Trends
6.11
Negative
6.87
Negative
13.84
Negative
Market Momentum
-0.27
Negative
44.87
Neutral
51.93
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 0.84 is below the 20-day moving average (MA) of 4.93, below the 50-day MA of 6.11, and below the 200-day MA of 13.84, indicating a neutral trend. The MACD of -0.27 indicates Negative momentum. The RSI at 44.87 is Neutral, neither overbought nor oversold. The STOCH value of 51.93 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 | $4.62B | -3.01 | -163.25% | ― | -23.16% | -208.85% | |
58 Neutral | $379.83M | 509.68 | 0.08% | ― | -5.43% | -93.40% | |
52 Neutral | $23.71M | ― | -111.72% | ― | -38.65% | 43.87% | |
46 Neutral | $33.07M | -1.59 | -49.25% | ― | 25.45% | 31.31% | |
43 Neutral | $169.99M | 97.50 | 3.26% | ― | -5.23% | ― | |
43 Neutral | $7.79M | -1.37 | -43.53% | ― | ― | ― |
* Real Estate Sector Average
OPAD
Offerpad Solutions
4.98
-9.22
-64.93%
RMAX
Re/Max Holdings
10.58
2.31
27.93%
FTHM
Fathom Holdings
0.95
-0.29
-23.15%
OPEN
Opendoor Technologies
4.77
3.99
511.68%
DOUG
Douglas Elliman Inc.
1.91
-0.57
-22.98%
OMH
Ohmyhome Limited
0.41
-1.06
-72.31%
Offerpad Solutions Corporate Events
Executive/Board ChangesDelistings and Listing ChangesRegulatory Filings and ComplianceShareholder MeetingsStock Split
Offerpad Implements Reverse Stock Split Following Shareholder Approval
Neutral
Jun 9, 2026
Offerpad Solutions Inc. implemented a 1-for-10 reverse stock split of its Class A common stock, with the split taking effect after filing a certificate of amendment in Delaware on June 8, 2026, and the shares beginning to trade on a split-adjusted...
Delistings and Listing ChangesShareholder MeetingsStock Split
Offerpad Announces 1-for-10 Reverse Stock Split Approval
Negative
Jun 4, 2026
On June 3, 2026, Offerpad stockholders approved a reverse stock split of the company’s Class A common stock, after which the board set the ratio at 1-for-10, effective June 8, 2026 at 5:00 p.m. Eastern Time. Trading on a split-adjusted basis...
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...
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.