SequelSEC

Offerpad Solutions Inc. OPAD

Real Estate Agents & Managers (For Others) · CIK 0001825024 · Fiscal year ends 1231

Revenue
$567.81M
Fiscal year ended 2025-12-31
Operating income
-$33.39M
Fiscal year ended 2025-12-31
Free cash flow
$65.73M
Fiscal year ended 2025-12-31

Valuation, from the filing

Public float$10.50MMarket value of stock held by non-affiliates, as stated on the cover page for 2025-06-30
Float per share$0.22Float divided by shares outstanding in the same filing. A floor under the share price on that date, not the price itself.
Float / revenue0.0×A lower bound on the multiple, because affiliate holdings are excluded.
Float / equity0.3×A lower bound on the multiple, because affiliate holdings are excluded.

Every figure here is drawn from the 10-K cover page and the statements behind it, so each one traces to a filing. Public float counts only stock held by non-affiliates, which makes these floors rather than estimates: a high multiple is conclusive, a low one may mean cheap or may mean closely held. The float was measured on 2025-06-30, not today, and each multiple below it uses the figures for the fiscal year ending 2025-12-31 — the year that filing covered.

How this compares in its industry

Percentile among the Real Estate Agents & Managers (For Others) filers on this site, highest value first. A high percentile means a large figure, which is good for a margin and not for leverage — the ranking says where the company sits, not whether that is where it should be.

MeasureReportedPercentile
Revenue YoY growth-38.2%0th
CapEx / revenue0.2%12th
FCF margin11.6%88th
SBC / revenue0.5%12th
Net margin-8.2%18th
Operating margin-5.9%20th
Current ratio1.48x55th
Gross margin7.4%50th

Offerpad Solutions Inc. (OPAD) reported revenue of $567.81M and net income of -$46.38M for the fiscal year ended 2025-12-31. This page shows 7 annual periods of income statement, balance sheet and cash flow figures normalized from Offerpad Solutions Inc.’s SEC filings, each linked to the filing it came from. It is classified by the SEC under Real Estate Agents & Managers (For Others).

Income

Offerpad Solutions Inc. income by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-31
Revenue$567.81M$918.82M$1.31B$3.95B$2.07B$1.06B$1.08B
Cost of revenue$525.77M$846.62M$1.24B$3.77B$1.86B$976.48M$1.00B
Gross profit$42.04M$72.20M$70.18M$182.42M$207.82M$87.78M$74.39M
Operating income-$33.39M-$46.04M-$104.41M-$127.32M$19.77M-$13.76M-$33.40M
Net income-$46.38M-$62.16M-$117.22M-$148.61M$6.46M-$23.12M-$51.95M
Research & development$3.40M$4.52M$7.94M$12.09M$10.86M$7.27M$7.45M
Weighted-average diluted sharesshares 30.99Mshares 27.41Mshares 26.38Mshares 16.34Mshares 9.55Mshares 57.86Mshares 57.85M
Pretax income-$45.94M-$62.13M-$117.06M-$148.25M$6.63M-$22.96M-$51.70M
Income tax expense$441.00K$31.00K$163.00K$359.00K$170.00K$163.00K$254.00K
Diluted EPS$-1.50$-2.27$-4.44$-9.09$0.68$-0.40$-0.90
Selling, general & administrative$72.03M$113.71M$166.65M$297.65M$177.19M$94.27M$100.34M
General & administrative$26.19M$40.62M$50.09M$58.72M$30.32M$17.48M$15.11M
Selling & marketing$45.84M$73.09M$116.56M$238.93M$146.87M$76.79M$85.23M

Balance

Offerpad Solutions Inc. balance by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-31
Cash & equivalents$26.54M$43.02M$75.97M$97.24M$169.82M$43.94M$22.86M
Total assets$154.77M$313.05M$379.69M$825.07M$1.35B$235.87MUnavailable
Current assets$131.69M$294.21M$371.60M$814.18M$1.34B$227.29MUnavailable
Total liabilities$116.55M$265.40M$277.92M$703.19M$1.10B$195.01MUnavailable
Current liabilities$88.80M$250.96M$276.03M$698.96M$1.07B$190.30MUnavailable
Total equity incl. NCI$38.22M$47.65M$101.78M$121.88M$257.57M-$143.26M-$121.50M
Temporary (mezzanine) equityUnavailableUnavailable$0$0$0$184.12M$154.30M
Inventory$93.79M$214.17M$276.50M$664.70M$1.13B$171.36MUnavailable
Accounts receivable$7.94M$3.85M$9.94M$2.35M$6.16M$2.31MUnavailable
GoodwillUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Long-term debtUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Accounts payable$1.67M$1.92M$4.95M$4.65M$6.40M$2.15MUnavailable

Cash flow

Offerpad Solutions Inc. cash flow by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-31
Operating cash flow$66.81M$20.83M$261.63M$305.40M-$921.92M$154.86M-$108.97M
Capital expenditures$1.08M$5.41M$127.00K$1.07M$13.69M$2.86M$1.04M
Investing cash flow-$1.06M-$5.33M$1.98M-$1.07M-$11.66M-$2.86M-$979.00K
Financing cash flow-$111.21M-$21.82M-$323.98M-$358.47M$1.08B-$131.15M$122.50M
Net change in cash-$45.46M-$6.31M-$60.36M-$54.13M$143.69M$20.86M$12.55M
Stock-based compensation$2.83M$8.08M$7.92M$8.31M$3.08M$1.36M$1.27M
Common dividends paidUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Common share repurchasesUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable$10.65M
Depreciation & amortizationUnavailableUnavailableUnavailable$1.02M$523.00K$434.00K$377.00K

Derived

Offerpad Solutions Inc. derived by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-31
Free cash flow$65.73M$15.42M$261.50M$304.33M-$935.61M$152.01M-$110.01M
Gross margin7.4%7.9%5.3%4.6%10.0%8.2%6.9%
Operating margin-5.9%-5.0%-7.9%-3.2%1.0%-1.3%-3.1%
FCF margin11.6%1.7%19.9%7.7%-45.2%14.3%-10.2%
SBC / revenue0.5%0.9%0.6%0.2%0.1%0.1%0.1%
Current ratio1.48x1.17x1.35x1.16x1.26x1.19xUnavailable
Revenue YoY growth-38.2%-30.1%-66.7%90.9%94.5%-1.1%Unavailable
Net margin-8.2%-6.8%-8.9%-3.8%0.3%-2.2%-4.8%
R&D / revenue0.6%0.5%0.6%0.3%0.5%0.7%0.7%
CapEx / revenue0.2%0.6%0.0%0.0%0.7%0.3%0.1%
Long-term debt / equityUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Effective tax rateUnavailableUnavailableUnavailableUnavailable2.6%UnavailableUnavailable

Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open OPAD in the interactive workspace to inspect any figure back to its filing.

Source filings

10-Q · Filed 2026-08-03View SEC filing
10-Q · Filed 2026-04-30View SEC filing
10-K · Filed 2026-02-24View SEC filing
10-Q · Filed 2025-11-03View SEC filing
10-Q · Filed 2025-08-04View SEC filing
10-Q · Filed 2025-05-05View SEC filing

Companies in the same industry

Every accounting identity this site checks — the balance sheet, the gross profit bridge and the cash flow statement — reconciles in every period shown.