# Offerpad Solutions Inc. (OPAD) · Edgar & Edgarette company card

> Offerpad Solutions (OPAD) saw revenue fall 38.2% in FY2025 to $568 million, operating margin -5.9% against a -0.5% median for real estate agents & managers (for others), equity 24.7% of assets. Every figure is from the company’s own annual report filed with the SEC.

SEC CIK 1825024 · fiscal year ended 2025-12-31 · 5 audited years read · [page](https://www.pops4.com/boards/company/OPAD) · [JSON](https://www.pops4.com/boards/company/OPAD.json)

## Figures, as filed in the 10-K

| Measure | Value |
|---|---|
| Revenue | $568M |
| Revenue growth, 1 year | -38.2% |
| Revenue growth per year | -27.6% |
| Operating margin | -5.9% (prior year -5.0%) |
| Net margin | -8.2% |
| Operating cash flow | $67M |
| Capital spending | $1M |
| Free cash flow | $66M |
| Cash | $27M |
| Long-term debt | — |
| Total assets | $155M |
| Total equity | $38M |
| Equity ÷ assets | 24.7% |
| Return on equity | -121.4% |
| Dividend per share | — |
| Dividend years rising | — |

## Readings, computed from those figures

- Piotroski F: 5 of 9 (middling)
- Health Harbor boat: Old boat · three warning signs · slow and jumpy: growing slower than its size class, with revenue that swings more; operating loss: a margin of -5.9% in FY2025; revenue is hard to predict: its 80% range is ±69%
- Cash Compass: Fading · slow and jumpy, lagging its peers

## Edgarette's reading

Exposure: revenue $567.8M (FY2025). Experience: revenue down 38.2% on the year, down 27.6% a year over 4 years; operating margin -5.9%, down from -5.0%. Soundness: equity 24.7% of assets, return on equity -121.4%. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $138.1M and $751.2M next year (method v4.1: its own 4-year record of growth weighed at 50% against $100M–1B filers; across 2019–2025, 69.0% landed inside, 83.4% on the one year the method never saw). In a shock year the stress range is $90.0M to $1.2B. A statistical range, not company guidance. Against peers (12 filers, $50M+ revenue, real estate agents & managers (for others)): operating margin -5.9% against a -0.5% median; growth -38.2% against 5.6%.

Range logged 2026-09-25, receipt 0456daeff86fb533, status open. A statistical range, not company guidance.

## Health Watch, last 12 months

- Item 3.01 Exchange listing notice or transfer: 2, latest 2026-08-18 ([filing](https://www.sec.gov/Archives/edgar/data/1825024/000119312526355453/0001193125-26-355453-index.htm))
- Item 5.02 Director or officer change: 3, latest 2026-10-23 ([filing](https://www.sec.gov/Archives/edgar/data/1825024/000119312526430412/0001193125-26-430412-index.htm))

## Recent filings

- 10-Q · filed 2026-11-02 · [filing](https://www.sec.gov/Archives/edgar/data/1825024/000119312526443850/0001193125-26-443850-index.htm)
- 8-K · filed 2026-11-02 · 2.02 Results of Operations and Financial Condition; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1825024/000119312526443684/0001193125-26-443684-index.htm)
- 8-K · filed 2026-10-23 · 5.02 Departure or Election of Directors; Appointment of Officers · [filing](https://www.sec.gov/Archives/edgar/data/1825024/000119312526430412/0001193125-26-430412-index.htm)
- 8-K · filed 2026-10-13 · 1.01 Entry into a Material Definitive Agreement; 2.03 Creation of a Direct Financial Obligation; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1825024/000119312526420502/0001193125-26-420502-index.htm)
- 8-K · filed 2026-09-08 · 5.02 Departure or Election of Directors; Appointment of Officers · [filing](https://www.sec.gov/Archives/edgar/data/1825024/000119312526384508/0001193125-26-384508-index.htm)
- 8-K · filed 2026-08-31 · 1.01 Entry into a Material Definitive Agreement; 2.03 Creation of a Direct Financial Obligation; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1825024/000119312526376851/0001193125-26-376851-index.htm)

## Sources

- facts: https://data.sec.gov/api/xbrl/companyfacts/CIK0001825024.json
- filings: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1825024

## Cite

POPS4, Edgar & Edgarette: Offerpad Solutions Inc. (OPAD) company card, from the company's own SEC filings, accessed 2026-11-04, https://www.pops4.com/boards/company/OPAD. CC BY 4.0. For a figure, add the filing URL under filings or sources.

DOI https://doi.org/10.5281/zenodo.23672509 · catalog https://www.pops4.com/boards/catalog.json · Figures as filed with the SEC. Card text CC BY 4.0, POPS4.

Reporting, not investment advice. No price targets and no trading recommendations.

Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.