Offerpad Solutions Inc.

Listed Company

OPADCIK 0001825024NYSENon-AcceleratedSmaller ReportingReal Estate Agents & Managers (For Others)FY ends Dec 31

Period

FY 2025

Revenue

$567.81M

Net Income

$-46.38M

Total Assets

$154.77M

Equity

$38.22M

Shares Out

47.32M

Op. Cash Flow

$66.81M

OPAD$5.18+132.81% · past yearDBEQ Basic

Daily closing prices

Business

Offerpad Solutions Inc. is a technology-enabled residential real estate company that purchases homes directly from sellers for cash and resells them. The company offers rapid cash offers through its proprietary platform, provides renovation services, operates a marketplace connecting buyers and sellers, and delivers brokerage services through HomePro and agent partnerships. Offerpad operates across 26 metropolitan markets in 17 states, generating revenue primarily from cash-offer transactions and ancillary services.

Summary from 10-K filed 2026-02-24

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Revenue	568	919	1,314	3,952	2,070
Costs of revenue	526	847	1,244	3,770	1,863
Gross profit	42	72	70	182	208
Sales, marketing and operating	46	73	117	239	147
General and administrative	26	41	50	59	30
Technology and development	3	5	8	12	11
Total operating expenses	75	118	175	310	188
Loss from operations	−33	−46	−104	−127	20
Change in fair value of warrant liabilities	−130,000	240,000	68,000	24	2
Interest expense	−13	−19	−19	−46	—
Other income, net	979,000	2	6	2	248,000
Total other expense	−13	−16	−13	−21	−13
Loss before income taxes	−46	−62	−117	−148	7
Income tax expense	−441,000	−31,000	−163,000	−359,000	−170,000
Net loss	−46	−62	−117	−149	6
Net loss per share, basic	−1.5	−2.27	−4.44	−9.09	0.82
Net loss per share, diluted	−1.5	−2.27	−4.44	−9.09	0.68
Weighted average common shares outstanding, basic	31	27	26	16	8
Weighted average common shares outstanding, diluted	31	27	26	16	10

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	27	43	76	97	170
Restricted cash	2	31	4	43	25
Accounts receivable	8	4	10	2	6
Real estate inventory	94	214	277	665	1,133
Prepaid expenses and other current assets	2	3	5	7	10
Total current assets	132	294	372	814	1,343
Property and equipment, net	15	9	5	5	5
Other non-current assets	8	10	4	6	5
Total assets	155	313	380	825	1,353
Accounts payable	2	2	5	5	6
Accrued and other current liabilities	9	12	14	28	35
Secured credit facilities and other debt, net	75	195	227	606	862
Secured credit facilities and other debt - related party	3	42	30	60	164
Warrant liabilities	361,000	0	—	—	—
Total current liabilities	89	251	276	699	1,068
Revolving credit facility, net	15	0	—	—	—
Warrant liabilities	0	231,000	471,000	539,000	24
Other long-term liabilities	13	14	1	4	4
Total liabilities	117	265	278	703	1,096
Commitments and contingencies (Note 15)	—	—	—	—	—
Additional paid in capital	545	508	500	403	390
Accumulated deficit	−506	−460	−398	−281	−132
Total stockholders' equity	38	48	102	122	258
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	155	313	380	825	1,353

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net loss	−46	−62	−117	−149	6
Depreciation	1	600,000	700,000	1	500,000
Amortization of debt financing costs	815,000	2	4	3	916,000
Real estate inventory valuation adjustment	5	5	9	94	3
Stock-based compensation	3	8	8	8	3
Loss on disposal of property and equipment	162,000	105,000	76,000	0	−246,000
Gain on sale of derivative instruments	0	0	−2	0	0
Accounts receivable	−4	6	−8	4	−4
Real estate inventory	109	58	379	374	−950
Prepaid expenses and other assets	2	4	4	−275,000	−5
Accounts payable	−255,000	−3	299,000	−2	4
Accrued and other liabilities	−4	3	−17	−4	22
Net cash provided by operating activities	67	21	262	305	−922
Purchases of property and equipment	−1	−5	−127,000	−1	−14
Proceeds from sales of property and equipment	19,000	82,000	0	0	2
Purchases of derivative instruments	0	0	−3	0	0
Proceeds from sale of derivative instruments	0	0	5	0	0
Net cash (used in) provided by investing activities	−1	−5	2	−1	−12
Borrowings from secured credit facilities and other debt	417	808	876	3,178	2,764
Repayments of secured credit facilities and other debt	−576	−829	−1,287	−3,540	−1,913
Payment of debt financing costs	−693,000	−236,000	−2	—	—
Borrowings on revolving credit facility	15	0	0	—	—
Proceeds from July 2025 Offering	6	0	0	—	—
Issuance costs of July 2025 Offering	−839,000	0	0	—	—
Proceeds from Sale Agreement offering	30	0	0	—	—
Issuance costs of Sale Agreement offering	−1	0	0	—	—
Proceeds from exercise of stock options	168,000	33,000	53,000	5	902,000
Payments for taxes related to stock-based awards	−203,000	−77,000	−78,000	−285,000	0
Borrowings from warehouse lending facility	0	0	25	0	0
Repayments of warehouse lending facility	0	0	−25	0	0
Proceeds from issuance of pre-funded warrants	0	0	90	0	0
Proceeds from exercise of pre-funded warrants	0	0	11,000	0	0
Issuance cost of pre-funded warrants	0	0	−784,000	0	−51
Net cash used in financing activities	−111	−22	−324	−358	1,077
Net change in cash, cash equivalents and restricted cash	−45	−6	−60	−54	144
Cash payments for interest	17	24	25	60	22
Cash payments for taxes, net of refunds received	385,000	262,000	382,000	—	—
Transfer of real estate inventory to property and equipment, net	6	0	0	—	—

Filings

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Frequently asked questions

What is Offerpad Solutions Inc.'s CIK number?

Offerpad Solutions Inc.'s SEC CIK number is 0001825024 (1825024). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find Offerpad Solutions Inc.'s SEC filings?

All of Offerpad Solutions Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did Offerpad Solutions Inc. last report earnings?

Offerpad Solutions Inc. (OPAD) most recently filed an earnings 8-K with the SEC on Apr 30, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001193125-26-197276). This is Offerpad Solutions Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.

What is Offerpad Solutions Inc.'s most recent earnings 8-K?

Offerpad Solutions Inc.'s latest earnings 8-K (Item 2.02) was filed Apr 30, 2026 under accession 0001193125-26-197276. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

View Offerpad Solutions Inc.'s latest earnings 8-K →
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