OPAD
Offerpad Solutions Inc.1.5200
-0.0300-1.94%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Linear ramp, 50/50 mix shift
Q&A clarified the linear ramp to 1,000 quarterly transactions, from Q1's 250-300 across cash offer, marketplace, and listings to over 300 monthly by year-end, with product mix shifting from 2/3 cash offer toward 50/50. AI delivers quick wins in pricing sensitivity, dispositions, and voice-scheduled inspections—slashing labor needs. Expenses fell to $15M in Q4 from $24M prior year, but volume drives breakeven; conversion needs just 1% lift from 10k-20k funnel. Diverse marketplace partners blunt institutional investor restriction risks. Management stayed crisp on execution. Watch mix evolution and ramp proof points.
Key Stats
Market Cap
56.03MP/E (TTM)
-Basic EPS (TTM)
-1.93Dividend Yield
0%Recent Filings
8-K
NYSE low-price noncompliance notice
Offerpad Solutions received NYSE notice on March 3, 2026, for failing Section 802.01C as its Class A common stock averaged below $1.00 over 30 trading days—no immediate delisting. The company plans to cure within six months, eyeing a reverse stock split if needed, with shares still trading. Compliance hinges on sustained price recovery.
10-K
FY2025 results
Offerpad Solutions delivered FY2025 revenue of $568M, down 38% y/y from $919M, after selling 1,591 homes versus 2,707 amid intentional inventory cuts and housing weakness. Cash Offer drove 94% of topline but saw 40% y/y drop on 41% fewer transactions, offset by 2% higher average resale price to $343K; Renovate surged 50% to $27M on 34% more projects. Gross margin slipped to 7.4% from 7.9%, pressured by longer holds at 175 days in Q4 and $5.3M inventory writedowns. Q4 emphasized aged inventory sales, yielding 1.7% contribution margin after interest. Debt fell to $93M at year-end; $15M revolver added. Elevated rates and affordability risks linger.
8-K
Q4 revenue $114M, loss narrows
8-K
Board director swap announced
Offerpad Solutions replaced board director Katie Curnutte, who resigned effective February 13, 2026, with Tela Mathias appointed that day to the Class II seat through the 2026 annual meeting. Mathias joins the Compensation and Audit Committees. No related transactions. She'll receive standard non-employee director pay.
8-K
Offerpad raises $18M via shares
Offerpad Solutions entered a securities purchase agreement on January 11, 2026, to issue 10 million Class A shares at $1.80 each, raising $18 million gross before fees. Closing is set for January 13, subject to conditions. It agreed to a 60-day lockup on new issuances, barring variable rate deals. Cash bolsters working capital, yet dilutes shareholders.
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