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 Inc (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).
OPADW’s dominant mechanic is inventory-driven cash generation amid a shrinking, loss-making operating base and compressed balance sheet.
Operating cash flow of$66.8M coexisted with a net loss of-$46.4M in FY2025, so reported cash generation did not represent earnings power. That conversion coincided with inventory falling from$214M in FY2024 to$94M in FY2025, indicating the cash benefit came more from releasing working capital than from profitable operations.
Gross margin slipped from
FY2025 liabilities of
Financial Health Signals
Offerpad Solutions Inc 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 Inc 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 Inc 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 Inc 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 Inc 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 Inc'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 Inc 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 Inc 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 Inc 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 Inc'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 Inc'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 Inc'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 Inc'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 Inc 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 Inc 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 Inc Ranks
Frequently Asked Questions
What is Offerpad Solutions Inc's annual revenue?
Offerpad Solutions Inc (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 Inc's revenue growing?
Offerpad Solutions Inc (OPADW) revenue declined by 38.2% year-over-year, from $918.8M to $567.8M in fiscal year 2025.
Is Offerpad Solutions Inc profitable?
No, Offerpad Solutions Inc (OPADW) reported a net income of -$46.4M in fiscal year 2025, with a net profit margin of -8.2%.
What is Offerpad Solutions Inc's EBITDA?
Offerpad Solutions Inc (OPADW) had EBITDA of -$32.4M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Offerpad Solutions Inc's gross margin?
Offerpad Solutions Inc (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 Inc's operating margin?
Offerpad Solutions Inc (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 Inc's net profit margin?
Offerpad Solutions Inc (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 Inc's return on equity (ROE)?
Offerpad Solutions Inc (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 Inc's free cash flow?
Offerpad Solutions Inc (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 Inc's operating cash flow?
Offerpad Solutions Inc (OPADW) generated $66.8M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Offerpad Solutions Inc's total assets?
Offerpad Solutions Inc (OPADW) had $154.8M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Offerpad Solutions Inc's capital expenditures?
Offerpad Solutions Inc (OPADW) invested $1.1M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Offerpad Solutions Inc spend on research and development?
Offerpad Solutions Inc (OPADW) invested $3.4M in research and development during fiscal year 2025.
What is Offerpad Solutions Inc's current ratio?
Offerpad Solutions Inc (OPADW) had a current ratio of 1.48 as of fiscal year 2025, which is considered adequate.
What is Offerpad Solutions Inc's debt-to-equity ratio?
Offerpad Solutions Inc (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 Inc's return on assets (ROA)?
Offerpad Solutions Inc (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 Inc's Piotroski F-Score?
Offerpad Solutions Inc (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 Inc's earnings high quality?
Offerpad Solutions Inc (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 Inc cover its interest payments?
Offerpad Solutions Inc (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.