Offerpad Solutions Inc. (OPAD) AI Stock Analysis

Offerpad Solutions Inc., founded in 2015 and headquartered in Chandler, Arizona, operates an iBuying platform that provides on-demand real estate solutions across the United States. The company buys, sells, rents, and renovates residential properties for homeowners. Through its digital platform, Offerpad offers an online home buying and selling experience while integrating ancillary services, such as mortgage and title insurance. The company uses technology to streamline real estate transactions, focusing on operational efficiency and simplified consumer processes.

Offerpad saw revenue peak at $3.95B in FY2022 with 90.9% growth before contracting sharply to $1.31B in FY2023, $918.8M in FY2024, and $567.8M in FY2025. Between FY2020 and FY2025, five-year revenue CAGR was -11.8%. Gross margin in FY2025 stood at 7.4%, while operating margin was -5.9%. Net income was -$148.6M in FY2022, -$117.2M in FY2023, -$62.2M in FY2024, and -$46.4M in FY2025. In the latest quarter ended June 30, 2026, quarterly revenue fell 51.6% year-over-year. Over the trailing twelve months, revenue was $404.5M with an operating margin of -10.6% and diluted EPS of -$9.83.

As of June 30, 2026, Offerpad held $33.1M in cash and short-term investments against $113.6M in total debt, resulting in net debt of $80.4M. Total assets were $160.3M and shareholders' equity was $37.3M, representing a debt-to-equity ratio of 3.04 and a current ratio of 1.44. In FY2025, operating cash flow was $66.8M and free cash flow reached $65.7M, with capital expenditures of $1.1M. Over the past five years, the company's share count increased by 174.6%.

Offerpad trades at a forward P/E of 2.9x, below the median of 23.5x for its US-listed Real Estate peers. Its price-to-sales multiple is 0.0x compared to the peer median of 3.7x, while its EV-to-EBITDA ratio of 48.2x stands above the peer median of 14.7x. The company's enterprise value is $84.4M. Over the past year, OPAD stock declined 91.0%, while the S&P 500 ETF (SPY) gained 16.8%. Over a five-year period, OPAD dropped 99.8% compared to an 83.0% increase for SPY.

Wall Street coverage includes 1 Strong Buy, 0 Buys, and 2 Holds. The mean price target is $12.25, compared to the last close of $2.62. For the fiscal year ending December 31, 2026, analysts estimate revenue of $408.5M and an EPS of -$7.19. For the next fiscal year, 3 analysts project revenue of $639.4M, representing 56.5% growth, and an EPS of -$3.56. Offerpad has beaten consensus EPS estimates in 2 of the last 4 quarters, and the next earnings date is November 2, 2026.

This page is an AI-written research summary of Offerpad Solutions Inc. (OPAD). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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