Newest figures come from the 10-Q for Q2 FY2026, filed Aug 3, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the OPADW SEC filings page.
OFFERPAD SOLUTIONS WTS (OPADW) reported $404.5M in revenue over the twelve months to Jun 30, 2026, down 42.5% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 7 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
The business is shrinking sharply, remains loss-making, and is converting inventory reduction into cash rather than operating profit.
Between FY2023 and FY2025, revenue fell from$1.3B to$567.8M while gross margin remained low and broadly stable, pointing to a smaller business with little gross-profit cushion rather than a margin-led turnaround. Operating losses narrowed as a share of sales from-7.9% to-5.9% , but remained negative, so the improvement reflects cost reduction alongside contraction—not profitable scale.
FY2025 paired a net loss of
Total assets fell from
Financial Health Signals
OFFERPAD SOLUTIONS WTS does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.
OFFERPAD SOLUTIONS WTS passes 4 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 2 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
OFFERPAD SOLUTIONS WTS reported a net loss of $46.4M while generating $66.8M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.
OFFERPAD SOLUTIONS WTS reported an operating loss of $33.4M against $13.4M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
OFFERPAD SOLUTIONS WTS generated $77.7M in revenue in Q2 2026. This represents a decrease of 51.6% from the same quarter a year earlier. Against the prior quarter it is down 3.0%.
OFFERPAD SOLUTIONS WTS's EBITDA was -$7.9M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 6.1% from the same quarter a year earlier. Against the prior quarter it is up 9.2%.
OFFERPAD SOLUTIONS WTS reported -$9.3M in net income in Q2 2026. This represents an increase of 14.8% from the same quarter a year earlier. Against the prior quarter it is up 8.3%.
Cash & Balance Sheet
OFFERPAD SOLUTIONS WTS recorded an outflow of $25.9M in free cash flow in Q2 2026, representing a cash shortfall after capex. This represents a decrease of 91.0% from the same quarter a year earlier. Against the prior quarter it is down 386.8%.
OFFERPAD SOLUTIONS WTS held $33.1M in cash as of Q2 2026; long-term debt is not reported for that period.
Not reported for Q2 2026.
Margins & Returns
OFFERPAD SOLUTIONS WTS's gross margin was 9.2% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is up 0.3 percentage points from the same quarter a year earlier. Against the prior quarter it is up 2.2 percentage points.
OFFERPAD SOLUTIONS WTS's operating margin was -10.6% in Q2 2026, reflecting core business profitability. This is down 5.8 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.7 percentage points.
OFFERPAD SOLUTIONS WTS's net profit margin was -12.0% in Q2 2026, showing the share of revenue converted to profit. This is down 5.2 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.7 percentage points.
OFFERPAD SOLUTIONS WTS's ROE was -24.9% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is up 19.5 percentage points from the same quarter a year earlier. Against the prior quarter it is down 2.8 percentage points.
Capital Allocation
OFFERPAD SOLUTIONS WTS invested $954K in research and development in Q2 2026. This represents a decrease of 3.2% from the same quarter a year earlier. Against the prior quarter it is up 7.7%.
OFFERPAD SOLUTIONS WTS invested $34K in capex in Q2 2026, funding long-term assets and infrastructure. This represents a decrease of 60.0% from the same quarter a year earlier. Against the prior quarter it is up 78.9%.
Not reported for Q2 2026.
OPADW Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $77.7M-51.6% | $80.1M-50.2% | $114.1M-34.5% | $132.7M-36.2% | $160.3M-36.2% | $160.7M-43.7% | $174.3M-27.5% | $208.1M-11.2% |
| Cost of Revenue | $70.5M-51.7% | $74.5M-50.4% | $106.1M-35.2% | $123.3M-35.4% | $146.1M-36.3% | $150.2M-42.8% | $163.7M-26.9% | $190.9M-9.2% |
| Gross Profit | $7.1M-49.8% | $5.6M-47.1% | $8.0M-24.3% | $9.3M-45.5% | $14.2M-35.1% | $10.5M-53.5% | $10.6M-36.6% | $17.1M-28.5% |
| R&D Expenses | $954K-3.2% | $886K-13.1% | $611K-27.3% | $788K-16.8% | $986K+2.3% | $1.0M-42.5% | $840K-32.0% | $947K-56.1% |
| SG&A Expenses | $6.8M-13.0% | $6.1M-14.9% | $6.1M-38.7% | $5.1M-37.6% | $7.8M-26.0% | $7.2M-39.8% | $9.9M+12.5% | $8.3M-41.6% |
| Operating Income | -$8.2M-5.9% | -$9.0M+21.7% | -$7.3M+46.4% | -$6.7M+24.5% | -$7.8M+21.1% | -$11.5M+15.1% | -$13.7M-21.5% | -$8.9M+54.3% |
| EBITDA | -$7.9M-6.1% | -$8.7M+22.8% | -$7.1M+47.8% | -$6.5M+25.0% | -$7.5M+23.4% | -$11.3M+15.6% | -$13.5M-21.6% | -$8.7M+54.9% |
| Interest Expense | $1.4M-62.2% | $1.6M-54.1% | $2.6M-37.1% | $3.6M-28.7% | $3.7M-20.0% | $3.5M-28.2% | $4.1M-20.8% | $5.1M+16.1% |
| Income Tax | $16K-46.7% | $16K-56.8% | -$6K+90.3% | $380K+1483.3% | $30K+155.6% | $37K-69.9% | -$62K-675.0% | $24K+300.0% |
| Net Income | -$9.3M+14.8% | -$10.1M+32.7% | -$8.8M+49.1% | -$11.6M+14.3% | -$10.9M+20.9% | -$15.1M+14.0% | -$17.3M-12.2% | -$13.5M+32.3% |
| EPS (Basic) | -$1.94+50.6% | -$0.22+60.0% | -$0.20+68.3% | -$0.37+24.5% | -$3.93-686.0% | -$0.55+14.1% | -$0.63-16.7% | -$0.49+32.9% |
| EPS (Diluted) | -$1.94 | -$0.22 | -$0.20 | -$0.37+24.5% | -$3.93 | -$0.55+14.1% | -$0.63-16.7% | -$0.49+32.9% |
| Diluted Shares (Avg) | 5M | 46M | N/A | 31M+14.0% | 3M | 28M+0.8% | N/A | 27M+0.6% |
OPADW Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $160.3M-40.2% | $149.8M-45.4% | $154.8M-50.6% | $223.5M-34.0% | $268.0M-34.1% | $274.5M-25.8% | $313.1M-17.6% | $338.5M-19.8% |
| Current Assets | $138.1M-44.7% | $127.1M-50.2% | $131.7M-55.2% | $205.6M-36.4% | $249.6M-36.2% | $255.5M-27.7% | $294.2M-20.8% | $323.0M-21.8% |
| Cash & Equivalents | $33.1M+46.2% | $40.8M+32.4% | $26.5M-38.3% | $31.0M-36.2% | $22.6M-60.2% | $30.8M-55.0% | $43.0M-43.4% | $48.5M-54.2% |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $94.2M-55.7% | $74.7M-64.6% | $93.8M-56.2% | $162.4M-36.7% | $212.7M-30.9% | $210.8M-20.8% | $214.2M-22.5% | $256.5M-11.4% |
| Accounts Receivable | $6.1M-18.7% | $8.2M+30.6% | $7.9M+106.3% | $7.4M+32.2% | $7.5M+11.8% | $6.3M+44.8% | $3.8M-61.3% | $5.6M+44.3% |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $123.0M-49.5% | $103.9M-56.7% | $116.6M-56.1% | $183.6M-32.9% | $243.5M-26.0% | $240.3M-14.7% | $265.4M-4.5% | $273.8M-10.8% |
| Current Liabilities | $95.7M-58.3% | $76.4M-66.2% | $88.8M-64.6% | $155.6M-41.0% | $229.6M-28.2% | $225.8M-17.0% | $251.0M-9.1% | $263.5M-13.5% |
| Non-Current Liabilities | $27.3M+97.2% | $27.5M+90.5% | $27.8M+92.2% | $28.0M+172.7% | $13.8M+48.1% | $14.4M+52.3% | $14.4M+664.2% | $10.3M+340.8% |
| Total Equity | $37.3M+52.1% | $45.8M+34.0% | $38.2M-19.8% | $39.9M-38.4% | $24.5M-68.4% | $34.2M-61.2% | $47.7M-53.2% | $64.7M-43.8% |
| Retained Earnings | -$525.9M-8.2% | -$516.6M-8.7% | -$506.4M-10.1% | -$497.6M-12.4% | -$486.0M-13.2% | -$475.1M-14.4% | -$460.0M-15.6% | -$442.7M-15.8% |
Not reported in any period shown, so not listed: Goodwill, Long-Term Debt.
OPADW Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$25.9M-91.9% | $9.0M+188.9% | $50.5M+51.9% | $40.0M+0.9% | -$13.5M+75.2% | -$10.2M-526.5% | $33.2M+316.9% | $39.6M+141.9% |
| Depreciation & Amortization | $300K0.0% | $287K+39.3% | $267K+81.6% | $200K0.0% | $300K+200.0% | $206K+24.1% | $147K-14.5% | $200K0.0% |
| Stock-Based Compensation | N/A | $942K-47.1% | N/A | N/A | N/A | $1.8M-53.9% | N/A | N/A |
| Capital Expenditures | $34K-60.0% | $19K-98.1% | $0-100.0% | $0-100.0% | $85K+844.4% | $994K+181.6% | $4.2M+11151.4% | $883K |
| Free Cash Flow | -$25.9M-91.0% | $9.0M+180.8% | $50.5M+73.7% | $40.0M+3.2% | -$13.6M+75.1% | -$11.2M-649.4% | $29.1M+289.3% | $38.7M+140.9% |
| Investing Cash Flow | -$22K+74.1% | -$2K+99.8% | $0+100.0% | $19K+102.2% | -$85K-1800.0% | -$994K-207.7% | -$4.1M-348.2% | -$881K-138.6% |
| Financing Cash Flow | $19.1M+313.6% | $4.4M+116.5% | -$56.0M-302.4% | -$33.1M+37.9% | $4.6M-90.5% | -$26.8M-672.9% | -$13.9M+29.8% | -$53.3M-163.9% |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
OPADW Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 9.2%+0.3pp | 6.9%+0.4pp | 7.0%+0.9pp | 7.0%-1.2pp | 8.8%+0.1pp | 6.5%-1.4pp | 6.1%-0.9pp | 8.2%-2.0pp |
| Operating Margin | -10.6%-5.8pp | -11.3%-4.1pp | -6.4%+1.4pp | -5.1%-0.8pp | -4.9%-0.9pp | -7.2%-2.4pp | -7.8%-3.2pp | -4.3%+4.0pp |
| Net Margin | -12.0%-5.2pp | -12.7%-3.3pp | -7.7%+2.2pp | -8.8%-2.2pp | -6.8%-1.3pp | -9.4%-3.2pp | -9.9%-3.5pp | -6.5%+2.0pp |
| Return on Equity | -24.9%+19.5pp | -22.1%+21.9pp | -23.1%+13.3pp | -29.1%-8.2pp | -44.4%-26.7pp | -44.0%-24.1pp | -36.4%-21.2pp | -20.9%-3.6pp |
| Return on Assets | -5.8%-1.7pp | -6.8%-1.3pp | -5.7%-0.2pp | -5.2%-1.2pp | -4.1%-0.7pp | -5.5%-0.8pp | -5.5%-1.5pp | -4.0%+0.7pp |
| Current Ratio | 1.44+0.4x | 1.66+0.5x | 1.48+0.3x | 1.32+0.1x | 1.09-0.1x | 1.13-0.2x | 1.17-0.2x | 1.23-0.1x |
| Debt-to-Equity | 3.30-6.6x | 2.27-4.8x | 3.05-2.5x | 4.61+0.4x | 9.92+5.7x | 7.02+3.8x | 5.57+2.8x | 4.23+1.6x |
| Asset Turnover | 0.48-0.1x | 0.53-0.1x | 0.74+0.2x | 0.590.0x | 0.600.0x | 0.59-0.2x | 0.56-0.1x | 0.61+0.1x |
| FCF Margin | -33.3%-24.9pp | 11.3%+18.2pp | 44.3%+27.6pp | 30.1%+11.5pp | -8.5%+13.2pp | -7.0%-7.7pp | 16.7%+23.1pp | 18.6%+59.0pp |
Where OFFERPAD SOLUTIONS WTS Ranks
Frequently Asked Questions
What is OFFERPAD SOLUTIONS WTS's annual revenue?
OFFERPAD SOLUTIONS WTS (OPADW) reported $567.8M in total revenue for fiscal year 2025. This represents a -38.2% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is OFFERPAD SOLUTIONS WTS's revenue growing?
OFFERPAD SOLUTIONS WTS (OPADW) revenue declined by 38.2% year-over-year, from $918.8M to $567.8M in fiscal year 2025.
Is OFFERPAD SOLUTIONS WTS profitable?
No, OFFERPAD SOLUTIONS WTS (OPADW) reported a net income of -$46.4M in fiscal year 2025, with a net profit margin of -8.2%.
What is OFFERPAD SOLUTIONS WTS's EBITDA?
OFFERPAD SOLUTIONS WTS (OPADW) had EBITDA of -$32.4M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is OFFERPAD SOLUTIONS WTS's gross margin?
OFFERPAD SOLUTIONS WTS (OPADW) had a gross margin of 7.4% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is OFFERPAD SOLUTIONS WTS's operating margin?
OFFERPAD SOLUTIONS WTS (OPADW) had an operating margin of -5.9% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is OFFERPAD SOLUTIONS WTS's net profit margin?
OFFERPAD SOLUTIONS WTS (OPADW) had a net profit margin of -8.2% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is OFFERPAD SOLUTIONS WTS's return on equity (ROE)?
OFFERPAD SOLUTIONS WTS (OPADW) has a return on equity of -121.4% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is OFFERPAD SOLUTIONS WTS's free cash flow?
OFFERPAD SOLUTIONS WTS (OPADW) generated $65.7M in free cash flow during fiscal year 2025. This represents a 326.1% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is OFFERPAD SOLUTIONS WTS's operating cash flow?
OFFERPAD SOLUTIONS WTS (OPADW) generated $66.8M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are OFFERPAD SOLUTIONS WTS's total assets?
OFFERPAD SOLUTIONS WTS (OPADW) had $154.8M in total assets as of fiscal year 2025, including both current and long-term assets.
What are OFFERPAD SOLUTIONS WTS's capital expenditures?
OFFERPAD SOLUTIONS WTS (OPADW) invested $1.1M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does OFFERPAD SOLUTIONS WTS spend on research and development?
OFFERPAD SOLUTIONS WTS (OPADW) invested $3.4M in research and development during fiscal year 2025.
What is OFFERPAD SOLUTIONS WTS's current ratio?
OFFERPAD SOLUTIONS WTS (OPADW) had a current ratio of 1.48 as of fiscal year 2025, which is considered adequate.
What is OFFERPAD SOLUTIONS WTS's debt-to-equity ratio?
OFFERPAD SOLUTIONS WTS (OPADW) had a debt-to-equity ratio of 3.05 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is OFFERPAD SOLUTIONS WTS's return on assets (ROA)?
OFFERPAD SOLUTIONS WTS (OPADW) had a return on assets of -30.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is OFFERPAD SOLUTIONS WTS's Piotroski F-Score?
OFFERPAD SOLUTIONS WTS (OPADW) has a Piotroski F-Score of 4 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are OFFERPAD SOLUTIONS WTS's earnings high quality?
OFFERPAD SOLUTIONS WTS (OPADW) reported a net loss of $46.4M while generating $66.8M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can OFFERPAD SOLUTIONS WTS cover its interest payments?
OFFERPAD SOLUTIONS WTS (OPADW) reported an operating loss of $33.4M against $13.4M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.