Offerpad Solutions Inc.
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $567.8M | $918.8M | $1.3B | $4.0B | $2.1B |
| Cost of revenue | $525.8M | $846.6M | $1.2B | $3.8B | $1.9B |
| Gross profit | $42.0M | $72.2M | $70.2M | $182.4M | $207.8M |
| Research and development | $3.4M | $4.5M | $7.9M | $12.1M | $10.9M |
| Operating expenses | $75.4M | $118.2M | $174.6M | $309.7M | $188.0M |
| Operating income | -$33.4M | -$46.0M | -$104.4M | -$127.3M | $19.8M |
| Interest expense | $13.4M | $18.7M | $18.9M | $46.0M | $15.8M |
| Pretax income | -$45.9M | -$62.1M | -$117.1M | -$148.3M | $6.6M |
| Income tax expense | $441,000 | $31,000 | $163,000 | $359,000 | $170,000 |
| Net income | -$46.4M | -$62.2M | -$117.2M | -$148.6M | $6.5M |
| Balance Sheet | |||||
| Cash and equivalents | $26.5M | $43.0M | $76.0M | $97.2M | $169.8M |
| Current assets | $131.7M | $294.2M | $371.6M | $814.2M | $1.3B |
| Total assets | $154.8M | $313.1M | $379.7M | $825.1M | $1.4B |
| Current liabilities | $88.8M | $251.0M | $276.0M | $699.0M | $1.1B |
| Total liabilities | $116.6M | $265.4M | $277.9M | $703.2M | $1.1B |
| Stockholders' equity | $38.2M | $47.7M | $101.8M | $121.9M | $257.6M |
| Cash Flow Statement | |||||
| Cash from operations | $66.8M | $20.8M | $261.6M | $305.4M | -$921.9M |
| Depreciation and amortization | $979,000 | $611,000 | $728,000 | $1.0M | $523,000 |
| Stock-based compensation | $2.8M | $8.1M | $7.9M | $8.3M | $3.1M |
| Capital expenditure | $1.1M | $5.4M | $127,000 | $1.1M | $13.7M |
| Free cash flow | $65.7M | $15.4M | $261.5M | $304.3M | -$935.6M |
| Share repurchases | — | — | — | — | $0 |
| Impairments | $0 | $0 | $0 | $0 | $0 |
Shares outstanding 47.3M
Annual filing data through FY ended December 31, 2025; float as of July 15, 2026.