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. In the quarter to June 2026, revenue fell 51.6%, EPS grew 50.3%, free cash flow fell 90.9% and total debt fell 53.7%, each against the same quarter a year earlier. Insiders bought in the last twelve months.
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Offerpad Solutions Inc. (OPAD) Piotroski F-score
Offerpad Solutions Inc.'s Piotroski F-score for fiscal 2025 is 3 out of 9: 3 of nine tests of profitability, leverage and efficiency passed, down from 6 in fiscal 2024.
Piotroski F-score, annual
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Annual newest first
| Period | Piotroski F-score | Change (points) |
|---|---|---|
| FY2025 | 3 | (3.00) |
| FY2024 | 6 | 1.00 |
| FY2023 | 5 | 1.00 |
| FY2022 | 4 | — |
How fiscal 2025’s score is made up
| Test | This year | Year before | Result | Points |
|---|---|---|---|---|
| Positive return on assets | (19.83%) | (17.95%) | Fail | 0 |
| Positive operating cash flow | 66.81m | 20.83m | Pass | 1 |
| Rising return on assets | (19.83%) | (17.95%) | Fail | 0 |
| Cash flow above net income | 113.19m | 82.99m | Pass | 1 |
| Falling long-term leverage | 0.06 | 0.00 | Fail | 0 |
| Rising current ratio | 1.48 | 1.17 | Pass | 1 |
| No new shares issued | 3,098,700 | 2,741,000 | Fail | 0 |
| Rising gross margin | 7.40% | 7.86% | Fail | 0 |
| Rising asset turnover | 2.43 | 2.65 | Fail | 0 |
| Piotroski F-score | Weak — most fundamentals deteriorated | 3 | ||
How the Piotroski F-score works
One point for each of nine tests, this fiscal year against the one before: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, a rising current ratio, no new shares issued, a rising gross margin and rising asset turnover. The ratios are the ones on this site, so each can be checked.
Joseph Piotroski (2000) called 8–9 high and 0–1 low; reading it in three bands is the common convention:
| 7–9 | Strong — most fundamentals improved |
|---|---|
| 4–6 | Mixed |
| 0–3 | Weak — most fundamentals deteriorated |
Where this differs from the paper: return on assets is on average rather than beginning-of-year assets, and weighted basic shares stand in for shares issued. The score is shown only when all nine tests can be worked out, which takes three fiscal years; banks and insurers, which report no current assets or gross profit, have none.
Piotroski F-score against peers
| Company | Piotroski F-score |
|---|---|
| AIRE reAlpha Tech Corp. compare | 5 |
| LHAI Linkhome Holdings Inc. compare | 4 |
| MDRR Medalist Diversified REIT, Inc. compare | 4 |
| DUO Fangdd Network Group compare | 4 |
| LEJUY Leju Holdings Limited compare | 3 |
| OPAD Offerpad Solutions Inc. | 3 |
| FTHM Fathom Holdings Inc. compare | 3 |
| NYC American Strategic Investment Co. compare | 2 |
| GYRO Gyrodyne , LLC compare | — |
What Piotroski F-score is
The Piotroski F-Score tells an investor how many signs of improving profitability, funding and efficiency a company shows against a year earlier.
One point for each of nine tests against a year earlier: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, rising current ratio, no new shares issued, rising gross margin, and rising asset turnover