Offerpad Solutions Inc
NYSE: OPAD · REAL ESTATE · REAL ESTATE SERVICES
Updated 2026-06-03
Offerpad Solutions Inc (OPAD) Financial statements
SEC filings — annual and quarterly data.
Margin trends — annual
| Year | Revenue | Net income | Gross margin | Op. margin | Profit margin |
|---|---|---|---|---|---|
| 2018 | $855.96M | $-32.94M | 7.69% | -1.65% | -3.85% |
| 2019 | $1.08B | $-51.95M | 6.91% | -3.10% | -4.83% |
| 2020 | $1.06B | $-23.12M | 8.25% | -1.29% | -2.17% |
| 2021 | $2.07B | $6.46M | 10.04% | 0.95% | 0.31% |
| 2022 | $3.95B | $-148.61M | 4.62% | -3.22% | -3.76% |
| 2023 | $1.31B | $-117.22M | 5.34% | -7.94% | -8.92% |
| 2024 | $918.82M | $-62.16M | 7.86% | -5.01% | -6.77% |
| 2025 | $567.81M | $-46.38M | 7.40% | -5.88% | -8.17% |
Frequently asked questions
What is Offerpad Solutions Inc's revenue?
Offerpad Solutions Inc's trailing twelve-month revenue is $487.19M. Revenue is the top line the whole model builds on, and at this scale the question shifts from how fast it grows to whether margins hold as it compounds.
How profitable is OPAD?
In its most recent fiscal year, OPAD ran a gross margin of 7.40%, an operating margin of -5.88%, and a net margin of -8.17%. Margins this high mean most of each extra dollar of revenue drops through to profit, which is the signature of real pricing power.
How much free cash flow does OPAD generate?
OPAD produced $65.73M in free cash flow in its most recent fiscal year. Free cash flow is what is left after running and reinvesting in the business, and it is the cash that actually funds buybacks, dividends, and a stronger balance sheet.
Is OPAD's balance sheet healthy?
OPAD holds $26.54M in cash and equivalents against $14.65M in long-term debt, on $38.22M of shareholder equity. Cash on hand exceeds long-term debt, so the balance sheet adds little financial risk to the thesis.