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Friday 6 November 2026
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Offerpad Solutions Inc.
OPAD Real Estate Real Estate Services
Offerpad Solutions Inc.’s revenue for fiscal 2025 (year ended December 2025) was $567.8 million, down 38.2% from fiscal 2024.
- Revenue
- −41.2%
- EPS
- +37.9%
- Free cash flow
- −456.7%
- Total debt
- +40.9%
Quarter to September 2026, against a year earlier
2.12
0.15
−6.61%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM Sep ’26 | Trend | 10 yrs | 2026e | 2027e | 2028e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | — | — | — | 1,076 | 1,064 | 2,070 | 3,952 | 1,314 | 919 | 568 | 350 | (10.1%) | 409 | 639 | 818 | +12.9% | |
| Gross margin, % | — | — | — | 6.91 | 8.25 | 10.04 | 4.62 | 5.34 | 7.86 | 7.40 | 7.77 | +0.5 pt | ||||||
| EBT | — | — | — | (52) | (23) | 7 | (148) | (117) | (62) | (46) | (40) | (1.9%) | ||||||
| EBT margin, % | — | — | — | (4.81) | (2.16) | 0.32 | (3.75) | (8.91) | (6.76) | (8.09) | (11.33) | (3.3) pt | ||||||
| Net income | — | 0 | — | (52) | (23) | 6 | (149) | (117) | (62) | (46) | (40) | n/m | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | — | — | — | 2,788.70 | 2,757.14 | 2,619.16 | 2,418.35 | 498.17 | 335.21 | 183.24 | 70.22 | (36.5%) | |||||
| Earnings | — | — | — | (134.64) | (59.90) | 7.50 | (91.45) | (44.40) | (22.70) | (15.00) | (8.84) | (30.6%) | ||||||
| Cash flow | — | — | — | (282.46) | 401.20 | (1,166.25) | 186.87 | 99.16 | 7.60 | 21.56 | (21.85) | n/m | ||||||
| Capex | — | — | — | (2.54) | (7.40) | (14.74) | (0.65) | (0.05) | (1.94) | (0.34) | 0.00 | (28.4%) | ||||||
| Free cash flow | — | — | — | (285.00) | 393.80 | (1,180.99) | 186.22 | 99.11 | 5.66 | 21.22 | (21.85) | n/m | ||||||
| Book value | — | — | — | 0.00 | 105.87 | 325.83 | 74.57 | 38.57 | 17.39 | 12.33 | 5.64 | n/m | ||||||
| Shares, m | — | — | — | 0 | 0 | 1 | 2 | 3 | 3 | 3 | 4 | +41.5% | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | — | — | — | 0.00 | 0.00 | 9.05 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.3 | |||||
| P/S | — | — | — | 0.00 | 0.00 | 0.04 | 0.00 | 0.02 | 0.01 | 0.01 | 0.03 | 0.0 | ||||||
| P/B | — | — | — | 0.00 | 24.42 | 0.29 | 0.09 | 0.26 | 0.16 | 0.10 | 0.40 | 3.6 | ||||||
| EV/Sales | — | — | — | 0.00 | 0.00 | 0.44 | 0.14 | 0.16 | 0.19 | 0.12 | 0.62 | 0.1 | ||||||
| EV/FCF | — | — | — | 0.00 | 0.00 | (0.97) | 1.78 | 0.79 | 11.31 | 1.04 | (2.00) | 2.0 | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | — | — | — | (109) | 155 | (922) | 305 | 262 | 21 | 67 | (109) | n/m | |||||
| Capex | — | — | — | (1) | (3) | (12) | (1) | 0 | (5) | (1) | 0 | +1.3% | ||||||
| Free cash flow | — | — | — | (110) | 152 | (934) | 304 | 262 | 16 | 66 | (109) | n/m | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | — | — | — | — | 37 | 275 | 115 | 96 | 43 | 43 | 38 | +3.0% | |||||
| Net debt | — | — | — | — | 131 | 832 | 526 | 177 | 164 | 65 | 206 | (13.2%) | ||||||
| Shareholders’ equity | — | — | — | — | 41 | 258 | 122 | 102 | 48 | 38 | 28 | (1.3%) | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | — | — | — | 0.00 | (19.60) | 0.81 | (13.65) | (19.46) | (17.95) | (19.83) | (15.95) | (19.8) pt | |||||
| ROIC | — | — | — | 0.00 | (5.01) | 1.13 | (12.29) | (23.38) | (13.62) | (20.30) | (9.05) | (20.3) pt | ||||||
| ROE | — | — | — | 0.00 | (40.21) | 11.30 | (78.33) | (104.82) | (83.20) | (108.03) | (116.85) | (108.0) pt | ||||||
| People | ||||||||||||||||||
| People | Employees | — | — | — | — | — | 1,000 | 900 | 350 | 200 | 140 | — | (38.8%) | |||||
| Revenue/emp, $m | — | — | — | 0.00 | 0.00 | 2.07 | 4.39 | 3.76 | 4.59 | 4.06 | — | n/m | ||||||
Negative figures in brackets.
estimates
Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 5 Nov 2026
Offerpad Solutions Inc. vs peers in Real Estate Services (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| OMH Ohmyhome Limited | $28.2M | — | — | — | — | +88.25% (above 0%: growing) | — | — | Compare |
| MDRR Medalist Diversified REIT, Inc. | $21.3M | 1.7× | — (loss-making) | −26.64% (below 0%: shrinking) | n/m | +144.90% (above 0%: growing) | 64.43% | (21.79%) | Compare |
| DUO Fangdd Network Group | $21.0M | — (loss-making) | — (loss-making) | −15.35% (below 0%: shrinking) | n/m | +49.62% (above 0%: growing) | 12.91% | 0.00% | Compare |
| NYC American Strategic Investment Co. | $18.9M | 1.2× | — (loss-making) | −40.15% (below 0%: shrinking) | n/m | +98.49% (above 0%: growing) | 16.69% | (26.47%) | Compare |
| LHAI Linkhome Holdings Inc. | $15.5M | — (loss-making) | — | +12.76% (above 0%: growing) | n/m | −11.63% (below 0%: shrinking) | 2.93% | (3.65%) | Compare |
| PETZ TDH Holdings, Inc. | $12.4M | — (loss-making) | — (loss-making) | +1,056.22% (above 0%: growing) | +102.70% (above 0%: growing) | +19.06% (above 0%: growing) | 31.14% | 0.00% | Compare |
| OPAD Offerpad Solutions Inc. | $11.7M | — (loss-making) | — (loss-making) | −41.16% (below 0%: shrinking) | n/m | −456.66% (below 0%: shrinking) | 8.32% | (11.98%) | |
| GYRO Gyrodyne , LLC | $8.8M | — (loss-making) | — | −90.33% (below 0%: shrinking) | n/m | +6.58% (above 0%: growing) | 0.00% | 0.00% | Compare |
| FTHM Fathom Holdings Inc. | $5.2M | — (loss-making) | — (loss-making) | −5.61% (below 0%: shrinking) | n/m | +27.57% (above 0%: growing) | 8.73% | (3.79%) | Compare |
| Median of peers | $17.2M | — | — | −15.35% | — | +38.60% | 12.91% | (3.65%) |
Pay and ownership Proxy statement filed 22 April 2026
Chief executive’s pay
| Year | Total pay | Actually paid | $100 invested |
|---|---|---|---|
| 2025 | 2.01m | 1.74m | 0.92 |
| 2024 | 1.06m | (757.93k) | 2.16 |
| 2023 | 1.78m | 2.24m | 7.77 |
| 2022 | 7.83m | 990.13k | 5.23 |
| 2021 | 783.69k | 15.05m | 72.72 |
Ownership
Directors and executive officers, together
16.70% of the votes
Entities affiliated with LL Capital Partners I, L.P. and Roberto Sella
12.10% of the votes
Roberto Sella
12.10% of the votes
First American Financial Corporation
10.80% of the votes
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards
at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s
shares at the start of the earliest year shown was worth at each year’s end.
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more.
Read the proxy statement