Want to see OPAD full AI Analyst Report?
Top Page
Offerpad Solutions
(NASDAQ:OPAD)
Select Model
Select Model
Rating:52Neutral
Price Target:
$4.00
▼(-10.71% Downside)
Action:Reiterated
Date:09/08/26
OPAD scores in the low-50s primarily because core financial performance is still pressured by ongoing losses and shrinking revenue, while technical signals show a weak downtrend. Offsetting factors are improved balance-sheet leverage, positive recent free cash flow, and a more constructive earnings-call outlook driven by better unit economics, margin expansion, and guidance toward positive adjusted EBITDA; corporate events provide a smaller, incremental boost.
Positive Factors
Improving Unit Economics
Higher contribution profit per transaction indicates that Offerpad is improving acquisition, pricing, renovation, and resale economics. If sustained, stronger unit profitability can help offset fixed costs, support operating leverage, and make growth less dependent on simply increasing transaction volume.
Negative Factors
Contracting Revenue and Ongoing Losses
Shrinking revenue alongside a sizable net loss shows that the business has not yet converted operational improvements into sustainable profitability. Continued pressure on volume or pricing could weaken the ability to cover fixed expenses and make the turnaround dependent on future growth assumptions.
Read all positive and negative factors
Positive Factors
Negative Factors
Improving Unit Economics
Higher contribution profit per transaction indicates that Offerpad is improving acquisition, pricing, renovation, and resale economics. If sustained, stronger unit profitability can help offset fixed costs, support operating leverage, and make growth less dependent on simply increasing transaction volume.
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.
Data provided by:
The Fly
The FlyOfferpad Solutions (OPAD) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$19.81M
Dividend YieldN/A
Average Volume (3M)54.11K
Price to Earnings (P/E)―
Beta (1Y)2.08
Revenue Growth-42.49%
EPS Growth50.50%
CountryUS
Employees140
SectorReal Estate
Sector Strength53
IndustryReal Estate - Services
Share Statistics
EPS (TTM)-10.24
Shares Outstanding4,832,749
10 Day Avg. Volume57,124
30 Day Avg. Volume54,114
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 Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda>-0.01
Forecast
1Y Price Target
$12.25Price Target Upside173.44% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering3
EPS Forecast (FY)-6.43
Revenue Forecast (FY)$412.03M
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:Aug 03, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Nov 09, 2026
Earnings Call Sentiment Positive
The call conveyed a materially improving operating picture: stronger unit economics (contribution profit +36% YoY, +145% QoQ), margin expansion (gross margin 9.2% vs 6.9% prior quarter), significant reduction in aged inventory, acquisition and signing momentum, and a disciplined cost base that sets up operating leverage. Near-term challenges remain — adjusted EBITDA is still negative, the company slightly missed Q2 guidance on transactions and revenue, the Cash Offer Marketplace has been slower due to institutional pullback, and additional working capital could be needed if demand accelerates. On balance the forward indicators, margin recovery, liquidity improvement, and concrete guidance to reach a ~1,000 transactions/quarter run rate and positive adjusted EBITDA by year-end mean the positives substantially outweigh the negatives.Positive Updates
Improved Unit Economics
Contribution profit after interest reached $13,500 per real estate transaction in Q2, up 36% year-over-year and up 145% quarter-over-quarter, indicating materially stronger per-transaction profitability.
Negative Updates
Slight Miss on Top-Line and Transaction Guidance
Q2 came in at 295 transactions and approximately $78 million in revenue versus guidance of 300–350 transactions and $80–90 million in revenue, a modest shortfall on both counts.
Read all updates
Q2-2026 Updates
Positive
Negative
Improved Unit Economics
Contribution profit after interest reached $13,500 per real estate transaction in Q2, up 36% year-over-year and up 145% quarter-over-quarter, indicating materially stronger per-transaction profitability.
Read all positive updates
Company Guidance
Offerpad guided to 350–400 real estate transactions and $90–100 million of revenue in Q3 with a narrower adjusted EBITDA loss versus Q2, and reiterated its full‑year objective to exit 2026 at a ~1,000‑transactions/quarter run rate and reach positive adjusted EBITDA before year‑end. For context, Q2 actuals were 295 transactions and roughly $78M revenue, with $7.1M gross profit (9.2% gross margin), contribution profit after interest of $13,500 per transaction (+36% YoY, +145% QoQ), an adjusted EBITDA loss of $6.2M (improved from $6.7M in Q1), operating expenses ex‑property of $13.3M, unrestricted cash of $33.1M (up 46% YoY) and total liquidity >$55M. Leading indicators: monthly signs rose from 129 (Apr) to 163 (May) to 256 (Jun), ~90% of contracts convert to acquisitions in ~30 days, Q2 acquisitions were 268 (≈200 in July), homes typically sell 90–120 days after acquisition (120–150 days after signing) and Q2 non‑aged homes sold in ~82 days (vs. aged homes ~339 days); aged inventory fell from >100 in 2025 to <30 by Q1 and <10 today. Other metrics: Renovate revenue was $4.8M in Q2 (third‑party margins ~20–25%), current mix is ~2/3 Cash Offer / 1/3 fee‑based services with an expected move toward ~50% fee‑based, the company removed >$140M of annualized OpEx since prior peaks, and prior peak volume reached ~3,500 transactions per quarter in 2022.Offerpad Solutions Financial Statement Overview
Summary
Income Statement
28
Negative
Balance Sheet
55
Neutral
Cash Flow
66
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 404.53M | 567.81M | 918.82M | 1.31B | 3.95B | 2.07B |
| Gross Profit | 30.02M | 42.04M | 72.19M | 70.18M | 182.42M | 207.81M |
| EBITDA | -29.13M | -30.17M | -42.83M | -97.47M | -101.24M | 23.00M |
| Net Income | -39.84M | -46.38M | -62.16M | -117.22M | -148.61M | 6.46M |
Balance Sheet | ||||||
| Total Assets | 160.29M | 154.77M | 313.05M | 379.69M | 825.07M | 1.35B |
| Cash, Cash Equivalents and Short-Term Investments | 33.12M | 26.54M | 43.02M | 75.97M | 97.24M | 169.82M |
| Total Debt | 113.56M | 93.83M | 252.41M | 259.50M | 668.33M | 1.03B |
| Total Liabilities | 122.98M | 116.55M | 265.40M | 277.92M | 703.19M | 1.10B |
| Stockholders Equity | 37.31M | 38.22M | 47.65M | 101.78M | 121.88M | 257.57M |
Cash Flow | ||||||
| Free Cash Flow | 73.59M | 65.73M | 15.42M | 261.50M | 304.33M | -935.61M |
| Operating Cash Flow | 73.65M | 66.81M | 20.83M | 261.63M | 305.40M | -921.92M |
| Investing Cash Flow | -5.00K | -1.06M | -5.33M | 1.99M | -1.07M | -11.65M |
| Financing Cash Flow | -65.53M | -111.21M | -21.82M | -323.98M | -358.47M | 1.08B |
Offerpad Solutions Technical Analysis
Negative
4.48
Price Trends
4.59
Negative
5.65
Negative
8.64
Negative
Market Momentum
-0.10
Negative
42.16
Neutral
33.72
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 4.48 is above the 20-day moving average (MA) of 4.35, below the 50-day MA of 4.59, and below the 200-day MA of 8.64, indicating a bearish trend. The MACD of -0.10 indicates Negative momentum. The RSI at 42.16 is Neutral, neither overbought nor oversold. The STOCH value of 33.72 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% | |
52 Neutral | $19.81M | -0.40 | -98.86% | ― | -42.49% | 50.50% | |
51 Neutral | $164.51M | 6.96 | 15.69% | 6.66% | -2.75% | ― | |
49 Neutral | $3.06B | -1.67 | -165.15% | ― | -37.19% | -306.34% | |
42 Neutral | $23.17M | -0.85 | -75.90% | ― | 4.33% | 24.93% | |
42 Neutral | $1.27M | -0.20 | -82.73% | ― | ― | ― |
* Real Estate Sector Average
OPAD
Offerpad Solutions
4.00
-38.10
-90.50%
FTHM
Fathom Holdings
0.66
-1.16
-63.85%
OPEN
Opendoor Technologies
3.07
-3.04
-49.75%
DOUG
Douglas Elliman Inc.
1.78
-0.92
-34.07%
OMH
Ohmyhome Limited
2.50
-53.00
-95.50%
Offerpad Solutions Corporate Events
Business Operations and StrategyExecutive/Board Changes
Offerpad Solutions adds independent director to strengthen governance
Positive
Sep 8, 2026
On September 3, 2026, Offerpad Solutions Inc. expanded its Board of Directors from six to seven members and appointed Benjamin Graboske as a Class III director, with a term running through the 2027 Annual Meeting of Stockholders. The company also ...
Business Operations and StrategyPrivate Placements and FinancingRegulatory Filings and Compliance
Offerpad Expands Revolving Credit Capacity to $150 Million
Positive
Aug 31, 2026
On August 26, 2026, OP SPE SUMMIT, LLC, a wholly owned subsidiary of Offerpad Solutions Inc., entered into a First Amendment to its Second Amended and Restated Revolving Loan Agreement with WHGG II TRUST and Ascent Developer Solutions LLC. The ame...
Business Operations and StrategyDelistings and Listing Changes
Offerpad Solutions Announces Nasdaq Listing Transfer and Repositioning
Positive
Aug 18, 2026
On August 18, 2026, Offerpad Solutions Inc. announced that its Board had approved moving the listing of its Class A common stock from the New York Stock Exchange to The Nasdaq Capital Market, with NYSE trading expected to end after market close on...
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...
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.