OPAD · NYSE · Real Estate - Services

Offerpad (OPAD)

Provides cash offers and residential real-estate services for U.S. home sellers.

$3.46
vs last close+0.05 (+1.47%)
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Offerpad Solutions Inc.OPAD
Real Estate

Homeowners can request an online cash-offer range, choose an inspection and closing timeline, and sell without the usual showing process. Cash Offer remains the core service, alongside B2B Renovate, Direct+, and Agent Partnership programs.

Homeowners can request an online cash-offer range, select an inspection and closing timeline, and avoid the usual showing process. The platform uses pricing technology and local market review to underwrite purchases, then repairs or renovates homes for resale.

Cash Offer remains the core business, alongside B2B Renovate, Direct+, and Agent Partnership programs, with a growing focus on services that require less capital. Cash-offer requests can also be made through a Realtor.com integration. Operations span U.S. residential markets and depend on accurate home valuation, renovation execution, listing-data relationships, and secured credit facilities that finance inventory.

Company facts

CEOBrian Bair
ListedSep 2, 2021
ExchangeNYSE
HeadquartersTempe, AZ
CountryUnited States
Employees200
CIK0001825024
ISINUS67623L5057

Market cap$16.5M
EPS (ttm)−$10.24
P/E (ttm)−0.3330
ROE-98.9%
P/B0.4417
P/S0.0407
Dividend yieldDiv yield
Beta3.44vs XLRE −0.37

Price target$2.00−41.3%Average of 10 analysts
ConsensusHold6 of 10 analysts
Ratings

Target rangeAs of Sep 21, 2026

Latest analyst notes

DateFirmActionPriorCurrent
May 1, 2026Industrial Alliance SecuritiesTarget
Target: $2.50
Target: $2
Feb 24, 2026Industrial Alliance SecuritiesTarget
Target: $3.50
Target: $2.50
Dec 11, 2025Industrial Alliance SecuritiesTarget
Target:
Target: $3.50
May 6, 2025JMP SecuritiesDowngrade
Rating: Market Outperform
Rating: Market Perform

Next report
Nov 2, 26
in 41 days
EPS estimate
−$1.58
Revenue estimate
$108.3M
Fiscal quarter
Q3 FY26

EPSReportedEstimate

Feb '25May '25Aug '25Nov '25Feb '26Apr '26Aug '26Nov '26
Reported−$6.30−$5.40−$3.90−$3.40−$2.60−$2.20−$1.97Pending
Estimate−$0.48−$5.05−$3.55−$2.83−$2.67−$2.30−$1.87−$1.58
Surprise−1,212.5%−7.0%−9.9%−20.4%+2.5%+4.3%−5.3%

RevenueReportedEstimate

Feb '25May '25Aug '25Nov '25Feb '26Apr '26Aug '26Nov '26
Reported$174.3M$160.7M$160.3M$132.7M$114.1M$80.1M$77.7MPending
Estimate$174.2M$166.7M$174.4M$173.0M$120.5M$86.2M$85.2M$108.3M
Surprise0.0%−3.6%−8.1%−23.3%−5.3%−7.1%−8.9%
Estimate−$1.58
ReportedDue Nov 2, 2026
Estimate$108.3M
ReportedDue Nov 2, 2026
View details

Debt to equity304.40%
Current ratio143.60%

ProfitabilityRevenueNet incomeNet margin

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$208.1M$174.3M$160.7M$160.3M$132.7M$114.1M$80.1M$77.7M
Net income−$13.5M−$17.3M−$15.1M−$10.9M−$11.6M−$8.8M−$10.1M−$9.3M
Net margin0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%

GrowthOperating income

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income−$8.9M−$13.7M−$11.5M−$7.8M−$6.7M−$7.3M−$9.0M−$8.2M
YoY growthLoss narrowedLoss widenedLoss narrowedLoss narrowedLoss narrowedLoss narrowedLoss narrowedLoss widened

Balance sheet, Jun 30, 2026Cash & short-term investments $33.1M · Total debt $113.6M · Total assets $160.3M · Shareholders' equity $37.3M

Revenue
$77.7M
Operating income
−$8.2M
Net income
−$9.3M
View details

No dividends on record.

Institutions35.61%1.72M shares
27 holders · as of Jun 30, 2026
Insiders10.52%508.2K shares
11 holders · as of Sep 8, 2026
Strategic holders3.75%181.4K shares
1 holder · as of Oct 2, 2025
Other50.12%2.42M shares
remainder

4.83M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing

A stock split fell inside the quarter, so quarter-on-quarter changes are not shown.

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
First American Financial CorpInstitution
10.59%511,931as of Jun 30, 2026
Kingsbury Capital Investment Advisors LLCInstitution
6.28%303,595as of Jun 30, 2026
KMT Wealth Management, LLCInstitution
6.28%303,595as of Jun 30, 2026
Brian BairInsiderdirector, officer: Chief Executive Officer
4.65%207,069 · 17,655filed Jun 5, 2026
Kemnay Advisory Services Inc.Institution
4.05%195,714as of Jun 30, 2026

Insider tradesForm 4

DateInsiderRoleSharesAvg price
Jun 3, 2026Brian Bairdirector, officer: Chief Executive Officer+122,920$0.7924
Jun 2, 2026Brian Bairdirector, officer: Chief Executive Officer+125,000$0.8208
View details

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Compare

CompanyPriceChange
Offerpad$3.46+1.47%$16.5M0.0−51.6%
Opendoor Technologies$2.76+2.99%$2.59B0.8−43.7%
Compass$9.72−4.10%$6.16B94.3133.40.6+109.1%
eXp World$4.73+3.28%$753.3M51.60.2+5.3%
Rocket Companies$12.78+3.40%$34.90B84.717.93.6+113.7%
Median89.551.60.7+57.2%