Offerpad Solutions, Inc. Class A (OPAD)

Offerpad's 52-week high was $6.35, while its 52-week low was $0.86. In Q3 2025, Offerpad reported a quarterly loss of $0.34 per share, missing estimates, and revenues were $132.68 million, also falling short of estimates. The Q3 2025 earnings call highlighted challenged financials, with revenue of $133 million from 367 homes sold, a 7% gross margin, and an adjusted EBITDA loss of $4.6 million. In January 2026, Offerpad announced a registered direct offering to raise $18 million by selling 10 million shares to institutional investors at $1.80 per share. Rich Ford was appointed as Chief Strategy Officer and President of Cash Offer Marketplace on January 28, 2026. Offerpad's stock price declined by 52.70% between February 3, 2025, and February 2, 2026, and underperformed the US Real Estate industry and the broader US Market over the last year.

Demand for Offerpad's products and services is subject to seasonality, with the company noting abnormal seasonality in the market. Despite this, Offerpad strategically adjusts its acquisition pace, aiming for a stronger spring selling season. The company's goal is to reach approximately 1,000 acquisitions per quarter by Q1 2025, positioning itself for this anticipated stronger spring market.

Offerpad Solutions, Inc. operates in the Real Estate sector, specifically within the Real Estate Services or PropTech industry. The company's core business revolves around its iBuyer model, offering immediate cash offers for homes. Customers can receive a cash offer range for their home via Offerpad's website or mobile application. The Flex Listing Service involves renovating and listing a seller's home for sale. Offerpad provides renovation services to other businesses, helping investors and institutions convert distressed inventory into move-in-ready homes through its B2B Renovate Business. The Direct+ Institutional Buyer Program connects investors and single-family rental companies with homeowners looking to sell. Partner agents can request cash offers for clients, list acquired homes, and access sellers in defined zones through the Agent Partnership Program. Ancillary Products and Services include energy efficiency solutions, smart home technology, insurance, home warranty services, and mortgage, title, and escrow services.

Offerpad Solutions, Inc. operates in 14 states and across more than 1,000 cities and towns in the United States. The company has noted market resilience in regions such as Texas, Atlanta, the Carolinas, and Midwest markets. Examples of cities where Offerpad operates include numerous locations within Arizona and Georgia.

Offerpad aims to provide a convenient, predictable, and transparent real estate transaction experience, and has seen strong consumer demand and trust in its model. The company has also been enhancing its customer experience with technology. However, Offerpad's brand reputation has been influenced by challenging market conditions and financial performance, facing low homebuyer demand and high costs. Its operating margin has been trending down, and it has been described as an unprofitable consumer discretionary company with falling margins. Offerpad's revenue has declined significantly over the past two and five years, and changes in real estate commission practices have introduced confusion.

Offerpad Solutions Inc. has 63 institutional owners and shareholders, holding a total of 11,941,131 shares. As of Q3 2025, 125 institutions held shares, with a combined market value of approximately $11.84 million, accounting for 34.96% of total shares. Major institutional owners include First American Financial Corp, Kemnay Advisory Services Inc., Citadel Advisors Llc, Vanguard Group Inc., and BlackRock, Inc. Public companies and retail investors hold 61.30% of the shares outstanding, while mutual funds and ETFs hold 2.54%.