OPAD · Offerpad Solutions Inc.
Price & Indicators
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The closing range begins at the captured split on Jun 9, 2026.
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Latest filings
Offerpad Solutions Inc. appointed Andrew Pieper Interim Chief Financial Officer effective October 20, 2026, succeeding Peter Knag, who stepped down as Chief Financial Officer and will remain a Senior Advisor through November 30, 2026.
Read the 8-KMetrics snapshot
Useful current figures from the complete screener profile.
Quarterly results
* Q4 derived as the full year minus Q1 to Q3.
AI Brief
Q2 FY26 earnings call · Aug 3, 2026TL;DR. Offerpad missed Q2 guidance (295 transactions and ~$78M revenue vs. 300–350 and $80–90M) but delivered multi-year high margins and accelerating contract signings that management expects to drive a sharp step-up in Q3 volume and a path to positive run-rate adjusted EBITDA and ~1,000 quarterly transactions by year-end 2026.
- + Gross margin improved to 9.2%, highest since Q3 2023, on lower revenue.
- + Contribution profit after interest per transaction reached $13,500, up 145% QoQ and 36% YoY.
- + Contract signings nearly doubled within Q2 (129 in April → 256 in June) and continued higher in July, supporting Q3 closings.
- + Adjusted EBITDA loss improved sequentially to $6.2M from $6.7M in Q1, the second consecutive quarter of sequential progress.
- + Operating cost base has been reset with over $140M of annualized expense removed since 2022, leaving ~90–95% of OPEX fixed to drive leverage.
- + Q3 2026 guidance implies 19–36% sequential transaction growth (350–400) and sequential adjusted EBITDA improvement, with full-year objective unchanged at ~1,000 transactions/quarter run-rate and positive adjusted EBITDA by year-end.
- − Q2 transactions and revenue came in below the company's own guidance of 300–350 transactions and $80–90M.
- − Cash offer marketplace growth has slowed as some institutional buyers pull back.
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Rating
blended score · not investment adviceBlended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders SellIllustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| Adjusted EBITDA non-GAAP | -6.21M | three months ended June 30, 2026 | — |
GAAP → non-GAAP reconciliationGAAP Adjusted net loss -9.41M
+1.39M Interest expense
+501K Amortization of capitalized interest
+16K Income tax expense
+285K Depreciation and amortization
+1.01M Amortization of stock-based compensation
= Adjusted EBITDA -6.21M
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| Adjusted gross margin non-GAAP | 9.4% | the three months ended June 30, 2026 filing | — |
| Adjusted gross profit non-GAAP | 7.34M | three months ended June 30, 2026 | — |
GAAP → non-GAAP reconciliationGAAP Gross profit 7.12M
+247K Real estate inventory valuation adjustment - current period
-529K Real estate inventory valuation adjustment - prior period
+501K Interest expense capitalized
= Adjusted gross profit 7.34M
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| Adjusted net loss non-GAAP | -9.41M | three months ended June 30, 2026 | — |
GAAP → non-GAAP reconciliationGAAP Net loss -9.29M
-123K Change in fair value of warrant liabilities
= Adjusted net loss -9.41M
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| Adjusted net loss margin non-GAAP | -12.1% | the three months ended June 30, 2026 filing | — |
| average outstanding balance of our secured credit facilities and other debt | 90.6M | the three months ended June 30, 2026 filing | — |
| Average time to cash | 119 | June 2026 | — |
| Contract signings | 256 | June 2026 | — |
| Contribution margin non-GAAP | 6.8% | three months ended June 30, 2026 | — |
| Contribution margin after interest non-GAAP | 5.1% | three months ended June 30, 2026 | — |
| Contribution profit non-GAAP | 5.3M | three months ended June 30, 2026 | — |
GAAP → non-GAAP reconciliationGAAP Adjusted gross profit 7.34M
-1.81M Direct selling costs
-210K Holding costs on sales - current period
-246K Holding costs on sales - prior period
+231K Other income, net
= Contribution profit 5.3M
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| Contribution profit after interest non-GAAP | 4M | three months ended June 30, 2026 | — |
GAAP → non-GAAP reconciliationGAAP Contribution profit 5.3M
-501K Interest expense capitalized
-234K Interest expense on homes sold - current period
-570K Interest expense on homes sold - prior period
= Contribution profit after interest 4M
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| Contribution profit after interest per real estate transaction non-GAAP | $13,500 | Q2 2026 | — |
| Contribution profit per home sold non-GAAP | $25.7 | three months ended June 30, 2026 | — |
| Contribution profit per real estate transaction non-GAAP | $18 | three months ended June 30, 2026 | — |
| Gross margin | 9.2% | Q2 2026 | — |
| Gross profit per home sold | $34.5 | the three months ended June 30, 2026 filing | — |
| Gross profit per real estate transaction | $24.1 | the three months ended June 30, 2026 filing | — |
| Homes acquired | 268 | Q2 2026 | — |
| Homes sold | 206 | Q2 2026 | — |
| Share of real estate transactions with higher-margin services | 30% | Q2 2026 | — |
| Total real estate transactions | 295 | Q2 2026 | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
Real Estate Services — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
OPAD
this stock
Offerpad Solutions Inc.
|
$10.49M | — | -38.2% | — | 11.0% |
|
CBRE
Cbre Group, Inc.
|
$37.13B | -19.9% | +13.4% | 27.7 | 1.5% |
|
BEKE
KE Holdings Inc.
|
$19.42B | +12.4% | +5.6% | — | 2.8% |
|
SURDF
Sumitomo Realty & Development Co., Ltd.
|
$18.92B | -16.0% | — | — | 0.1% |
|
JLL
Jones Lang Lasalle Inc
|
$16.43B | +6.9% | +11.4% | 15.6 | 2.9% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every section- Filed
- Oct 23, 2026
- This year
- 23
Offerpad Solutions Inc. appointed Andrew Pieper Interim Chief Financial Officer effective October 20, 2026, succeeding Peter Knag, who stepped down as Chief Financial Officer and will remain a Senior Advisor through November 30, 2026.
ViewPerformance
Raw-price comparisons begin at the captured split on Jun 9, 2026; windows that need an earlier baseline remain unavailable.
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| OPAD | -17.2% | -33.3% | — | -33.4% | — |
| SPY | -0.6% | -1.8% | +2.2% | -0.9% | +10.8% |
| vs SPY | -16.6% | -31.5% | — | -32.5% | — |