Welcome to our dedicated page for Offerpad Solutions SEC filings (Ticker: OPAD), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Offerpad Solutions Inc. filings document the public-company disclosures of a tech-enabled residential real estate solutions company with Class A common stock listed on the New York Stock Exchange under OPAD. Its reports cover operating and financial results, material events, capital-structure matters and equity-related disclosures, including documents tied to open market sales of Class A common stock.
The company’s proxy and governance filings describe shareholder voting matters, board composition, committee assignments, director compensation and annual meeting procedures. Offerpad’s regulatory record also includes disclosures related to material agreements, risk factors and the operating model behind its Cash Offer, marketplace, brokerage and renovation solutions.
Offerpad Solutions Inc. is filing a post-effective amendment converting its prior Form S-1 resale registration into a Form S-3 to continue covering the resale of up to 1,428,571 shares of Class A common stock issuable upon exercise of outstanding warrants.
The prospectus states the Company will not receive proceeds from any resale of these Resale Shares, which are being registered pursuant to registration rights under the July 24, 2025 Purchase Agreement. Shares outstanding were 47,286,797 as of February 18, 2026, and the prospectus lists example selling holders including Anson Investments Master Fund LP 1,114,285 and Anson East Master Fund LP 314,286.
Offerpad Solutions Inc. describes a technology-enabled real estate platform focused on giving homeowners more control and flexibility when buying and selling homes. The company’s core Cash Offer business provides competitive cash offers within 24 hours and generated over 90% of revenue in 2023–2025.
In 2025, Offerpad sold nearly 1,600 homes, completed close to 1,500 renovation projects and produced over $550 million in revenue. Since its 2015 founding, it has transacted on homes representing about $12.2 billion of cumulative revenue and now operates in over 1,800 cities across 26 metropolitan markets in 17 states.
The 10‑K highlights growing contributions from higher-margin Renovate services and marketplace/brokerage solutions, but also emphasizes significant risks from a challenging U.S. housing market, mortgage rates near 6%, competition, reliance on accurate pricing and renovations, and a continued accumulated deficit of $506.4 million as of December 31, 2025.
Offerpad Solutions reported Q4 2025 revenue of $114.1M with 312 homes sold, reflecting a smaller but more targeted operation in a constrained housing market. Gross profit was $8.0M, while net loss improved to $8.8M compared with $17.3M a year earlier.
For full-year 2025, net loss narrowed to $46.4M from $62.2M, and real estate inventory fell to $93.8M as of December 31, 2025, down from $214.2M. Total assets declined to $154.8M and secured debt balances were significantly reduced, indicating lower balance sheet leverage.
Looking ahead, Offerpad targets exiting 2026 at roughly 1,000 quarterly transactions across Cash Offer, Cash Offer Marketplace, and Brokerage Services. For Q1 2026, it guides to $70M–$95M in revenue and 250–300 transactions, and expects Adjusted EBITDA to improve sequentially and turn positive before year-end.
Mathias Tela Gallagher reported acquisition or exercise transactions in this Form 4 filing.
Offerpad Solutions Inc. director Mathias Tela Gallagher reported an equity award of 136,364 shares of Class A common stock in the form of restricted stock units (RSUs). Each RSU represents a right to receive one share. The RSUs vest in three equal annual installments on the first three anniversaries of February 13, 2026.
Offerpad Solutions Inc. director Mathias Tela Gallagher filed a Form 3 as an initial statement of beneficial ownership of the company’s securities. This filing establishes his status as a reporting insider under SEC rules but does not list any specific transactions or changes in holdings.
Offerpad Solutions Inc. announced that Katie Curnutte resigned from its Board of Directors effective February 13, 2026. On February 12, 2026, the Board appointed Tela Mathias as a Class II director, effective as of the same date as Ms. Curnutte’s resignation, with a term expiring at the 2026 Annual Meeting of Stockholders, continuing until a successor is elected and qualified or earlier departure.
Ms. Mathias was also appointed to the Board’s Compensation Committee and Audit Committee. She was not selected under any arrangement or understanding, and there are no related person transactions between her and the company. She will receive compensation under Offerpad’s existing Amended and Restated Non-Employee Director Compensation Program and may defer cash retainers and restricted stock unit settlements under the Non-Employee Director Deferred Compensation Plan. She is expected to enter into the company’s standard indemnification agreement for directors and officers.
Citadel-affiliated entities have disclosed a sizable but sub‑5% stake in Offerpad Solutions Inc. The Schedule 13G shows that Kenneth Griffin may be deemed to beneficially own 1,971,885 Shares of Offerpad’s Class A common stock, representing 4.2% of the Shares outstanding.
Citadel Advisors LLC, Citadel Advisors Holdings LP and Citadel GP LLC may each be deemed to beneficially own 1,777,052 Shares, or 3.8% of the class, while Citadel Securities LLC, Citadel Securities Group LP and Citadel Securities GP LLC may each be deemed to beneficially own 194,833 Shares, or 0.4% of the class. The percentages are based on 47,210,667 Shares outstanding as of January 13, 2026.
The filing states that these securities were not acquired and are not held for the purpose of changing or influencing control of Offerpad, indicating a passive investment position rather than an activist stance.
Davidson Kempner-affiliated funds and Anthony A. Yoseloff report a passive ownership stake in Offerpad Solutions Inc. Class A common stock. The group discloses beneficial ownership of 2,072,221 shares of Class A Common Stock, representing 4.39% of the class, based on 47,210,647 shares outstanding as reported in a recent prospectus. This total includes 22,562 shares issuable upon exercise of warrants held by a Davidson Kempner fund. All reported voting and dispositive power over these shares is shared, with no sole voting or dispositive authority. The filing states that the securities are not held for the purpose of changing or influencing control of Offerpad and confirms ownership of 5 percent or less of the class.
Offerpad Solutions Inc. is issuing 10,000,000 shares of its Class A common stock at $1.80 per share, raising gross proceeds of $18.0 million in a registered offering under an existing shelf registration statement. The deal is expected to close on January 13, 2026, subject to customary closing conditions.
The company agreed that for 60 days after closing it will not issue additional common stock or enter into variable rate transactions, subject to specified exceptions. A.G.P./Alliance Global Partners acted as exclusive placement agent and will receive a cash fee equal to 5.0% of the aggregate gross proceeds, plus reimbursement of out-of-pocket expenses, including legal fees up to $50,000.
Offerpad Solutions Inc. is conducting a primary offering of 10,000,000 shares of Class A common stock to institutional investors at $1.80 per share, for gross proceeds of $18.0 million. After paying a $0.09 per share placement fee (total $0.9 million) to A.G.P./Alliance Global Partners and other offering expenses, Offerpad expects net proceeds of about $16.9 million.
The company plans to use the cash for general working capital, including growth initiatives, inventory optimization and strengthening its balance sheet. As of September 30, 2025, historical net tangible book value was $39.9 million, or $1.14 per share, which would rise to $56.8 million, or $1.26 per share, after the offering. New investors paying $1.80 per share would see immediate dilution of $0.54 per share relative to this adjusted book value.
The shares are offered on a best-efforts basis through a single closing expected on or about January 13, 2026, and will remain listed on the NYSE under the symbol “OPAD.” Lock-up and standstill provisions limit additional equity issuances and variable-rate financings for 60 days after closing, with specified exceptions.