OPAD on Nasdaq

Offerpad Solutions Inc.

Real estate agents and managers company, listed on Nasdaq (OPAD).

Price unavailable

Last updated Oct 18, 2026.

Overview

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  • TickerOPAD on Nasdaq
  • IndustryReal Estate Agents & Managers (For Others)
  • Business address433 S Farmer Ave, Suite 500, Tempe, Az 852812
  • Filer categoryNon-accelerated filer, Smaller reporting company2

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

7.4%Gross margin3
-5.9%Operating margin3
-8.2%Net margin3
-38.2%Revenue growth, 20253
-121.4%Return on equity3
$65.7MFree cash flow3

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Business segments

Cash Offer brought in 94% of the revenue Offerpad Solutions Inc. broke down this way in fiscal 2025.

  1. Cash Offer$534.8M394%down 40% from 2024
  2. Business To Business Renovate$27.1M35%up 50% from 2024
  3. Other Operating$5.9M31%down 1% from 2024
Business segments by year
Business segments202320242025
Cash Offer$1.3B$894.7M$534.8M
Business To Business Renovate$12.2M$18.1M$27.1M
Other Operating$18.3M$6.0M$5.9M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue93¢$525.8M
  • Research and development1¢$3.4M
  • Other costs7¢$38.2M
  • Income tax0¢$441.0K

Out of $567.8M in revenue.3 The company lost money this year.

Where each dollar of operating cash went, fiscal 2025

  • Capital spending2¢$1.1M
  • Kept or used elsewhere98¢$65.7M

Out of $66.8M of cash from operations.3

Financial statements

Revenue45673$567.8M in 2025−47% since 2019
0$1.0B$2.0B$3.0B$4.0B2019: $1.1B$1.1B20192020: $1.1B$1.1B2020−1%2021: $2.1B$2.1B2021+95%2022: $4.0B$4.0B2022+91%2023: $1.3B$1.3B2023−67%2024: $918.8M$918.8M2024−30%2025: $567.8M$567.8M2025−38%
Gross profit45673$42.0M in 2025−43% since 2019
0$100.0M$200.0M$300.0M2019: $74.4M$74.4M20192020: $87.8M$87.8M2020+18%2021: $207.8M$207.8M2021+137%2022: $182.4M$182.4M2022−12%2023: $70.2M$70.2M2023−62%2024: $72.2M$72.2M2024+3%2025: $42.0M$42.0M2025−42%
Operating income45673-$33.4M in 2025−0% since 2019
-$150.0M-$100.0M-$50.0M0$50.0M2019: -$33.4M-$33.4M20192020: -$13.8M-$13.8M2020−59%2021: $19.8M$19.8M20212022: -$127.3M-$127.3M20222023: -$104.4M-$104.4M2023−18%2024: -$46.0M-$46.0M2024−56%2025: -$33.4M-$33.4M2025−27%
Net income45673-$46.4M in 2025−11% since 2019
-$150.0M-$100.0M-$50.0M0$50.0M2019: -$52.0M-$52.0M20192020: -$23.1M-$23.1M2020−56%2021: $6.5M$6.5M20212022: -$148.6M-$148.6M20222023: -$117.2M-$117.2M2023−21%2024: -$62.2M-$62.2M2024−47%2025: -$46.4M-$46.4M2025−25%

Every line of the income statement as filed: the last 3 fiscal years, latest first.3

Period ending2025-12-312024-12-312023-12-31
Revenue$567.8M$918.8M$1.3B
Costs of revenue$525.8M$846.6M$1.2B
Gross profit$42.0M$72.2M$70.2M
Sales, marketing and operating$45.8M$73.1M$116.6M
General and administrative$26.2M$40.6M$50.1M
Technology and development$3.4M$4.5M$7.9M
Total operating expenses$75.4M$118.2M$174.6M
Loss from operations-$33.4M-$46.0M-$104.4M
Change in fair value of warrant liabilities-$130.0K$240.0K$68.0K
Interest expense-$13.4M-$18.7M-$18.9M
Other income, net$979.0K$2.4M$6.1M
Total other expense-$12.6M-$16.1M-$12.6M
Loss before income taxes-$45.9M-$62.1M-$117.1M
Income tax expense-$441.0K-$31.0K-$163.0K
Net loss-$46.4M-$62.2M-$117.2M
Net loss per share, basic-$1.50-$2.27-$4.44
Net loss per share, diluted-$1.50-$2.27-$4.44
Weighted average common shares outstanding, basic31.0M shares27.4M shares26.4M shares
Weighted average common shares outstanding, diluted31.0M shares27.4M shares26.4M shares

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Leadership

Who has led Offerpad Solutions Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Brian Bair2021–now

Chief financial officer

  1. Michael S. Burnett2021–2023
  2. Jawad A. Ahsan2023
  3. Peter H. Knag2024–now
2025
Board members and other officers (18)

Former names

  • Supernova Partners Acquisition Company, Inc.Sep 16, 2020 to Sep 1, 20212

Timeline

  1. Sep 3, 2021New chief executive Brian Bair becomes CEO10

Filings

341 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 68 major events, 160 insider forms, 22 large holders, 71 other. The latest 20:

  1. Oct 13, 20268-K EDGAR
  2. Oct 2, 20264 EDGAR
  3. Oct 2, 20264 EDGAR
  4. Sep 8, 20264 EDGAR
  5. Sep 8, 20263 EDGAR
  6. Sep 8, 20268-K EDGAR
  7. Aug 31, 20268-K EDGAR
  8. Aug 28, 2026CERT EDGAR
  9. Aug 28, 202625 EDGAR
  10. Aug 28, 20268-A12B EDGAR
  11. Aug 18, 20268-K EDGAR
  12. Aug 3, 202610-Q EDGAR
  13. Aug 3, 20268-K EDGAR
  14. Jul 2, 20264 EDGAR
  15. Jul 2, 20264 EDGAR
  16. Jul 1, 2026SCHEDULE 13G/A EDGAR
  17. Jun 16, 20264 EDGAR
  18. Jun 9, 20268-K EDGAR
  19. Jun 8, 20264 EDGAR
  20. Jun 5, 20264 EDGAR

The 341 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last three years, summarized. The full record is on SEC EDGAR.

Insider trades and holders

Large holders

Investors who own more than 5% must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively. 22 such filings since October 2021, the latest 10:

  1. Jul 1, 2026SCHEDULE 13G/A
  2. Feb 25, 2026SCHEDULE 13D/A
  3. Jan 21, 2026SCHEDULE 13G
  4. Jan 16, 2026SCHEDULE 13G
  5. Oct 22, 2025SCHEDULE 13D/A
  6. Oct 2, 2025SCHEDULE 13D/A
  7. Oct 2, 2025SCHEDULE 13D/A
  8. Jul 28, 2025SCHEDULE 13D/A
  9. Jul 1, 2025SCHEDULE 13D/A
  10. Jun 9, 2023SC 13D/A

From Forms 4 and Schedules 13D and 13G filed with the SEC.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
First American Financial Corp511,931$2.5M0.6%New
Kingsbury Capital Investment Advisors LLC303,595$1.5M1.3%New
Kmt Wealth Management, LLC303,595$1.5M1.3%New
Kemnay Advisory Services Inc.195,714$966.8K0.1%New
Vanguard Capital Management LLC124,364$614.4K0.0%New
BlackRock, Inc.53,657$265.1K0.0%New
Shay Capital LLC33,983$167.9K0.0%New
Geode Capital Management, LLC31,630$156.3K0.0%New
UBS Group AG25,044$123.7K0.0%New
Vanguard Fiduciary Trust Co23,691$117.0K0.0%New
Morgan Stanley17,123$84.6K0.0%New
Susquehanna International Group, Llp13,182$65.1K0.0%New
XTX Topco Ltd11,722$57.9K0.0%New
Qube Research & Technologies Ltd10,820$53.5K0.0%New
Royal Bank Of Canada432$2.0K0.0%New
Vanguard Global Advisers, LLC372$1.8K0.0%New
Tower Research Capital LLC (TRC)195$9630.0%New
Jpmorgan Chase & Co38$1750.0%New
Bnp Paribas Financial Markets14$690.0%New
EverSource Wealth Advisors, LLC4$200.0%New
National Bank Of Canada /fi/2$100.0%New

13F reports cover disclosed long positions in U.S. stocks only.

Sources

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