Offerpad Solutions Inc. (OPAD)

From the record

Offerpad Solutions Inc.'s filings since 2020 show 9 warning events of 4 kinds: a notice about its exchange listing (8-K item 3.01, 6 times, the latest 2026-08-18); a warning not to rely on past financial statements (8-K item 4.02, the latest 2021-05-25); an auditor change (8-K item 4.01, the latest 2021-09-07); a late-report notice (Form NT 10-K or NT 10-Q, the latest 2021-05-17) (its current reports).

From the record

Offerpad Solutions Inc.'s 7 filed years say what it did: revenue went from $1.1 billion in fiscal 2019 to $568 million in fiscal 2025, down 10.1% a year; it rose in 2 of 6 years; the deepest fall was 86% from fiscal 2022 to fiscal 2025; net income was positive in 1 of 7 of those years (its annual reports).

From the record

Over the 3 fiscal years to 2025-12-31, Offerpad Solutions Inc.'s diluted share count grew about 23.8% a year, and dividends and buybacks returned about 0% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 0 sales and 2 purchases of their own stock on the open market in the year to 2026-10-02, buying about $200 thousand (their Form 4 filings).

From the record

Return on equity: in the fiscal year ended 2025-12-31, Offerpad Solutions Inc. lost about 121 cents for every dollar of shareholders' money, and gross profitability: its products earned about 27 cents per dollar of everything the company owns. Leverage: it owed about 75 cents per dollar of assets, and net share issuance: its share count grew 13.0% over the year (the filed statements).

From the record

Offerpad Solutions Inc.'s standing among 17 graded names in its industry family: revenue of $568 million in fiscal 2025 ranks in the bottom 37% by size; a net margin of -8.2% ranks in the bottom 21%; revenue growth of -47.6% a year over the last 3 filed years ranks in the bottom 3% (its annual reports).

From the record

Offerpad Solutions Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Bair, Brian (Chief Executive Officer, as filed), filing under that title since 2021-09-03, 5.2 years (top 41% of its family); the 10 officers and directors filing in the last fifteen months have been on the record a median of 3.8 years (bottom 29%); 10 officer or director changes were reported on Form 8-K since 2023-11-13, against the 10 people in charge now (bottom 25%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

From the record

Offerpad Solutions Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $28 million against no long-term debt tagged leaves 18.2% of its assets as net cash, bottom 44% of its family; cash from operations less capital spending is 11.6% of revenue (top 9%); a gross margin of 7.4% (bottom 39%); research spending of 0.6% of revenue (bottom 7%) (its annual report).

From the record

Offerpad Solutions Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew -47.6% a year over the last three filed years against -10.1% over all 7, slowing (bottom 9% of its family); the newest year grew -38.2% (bottom 3%); research spending grew -34.4% a year (bottom 19%); capital spending grew 0.3% a year (top 30%) (its annual reports). Offerpad Solutions Inc. tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.

From the record

Offerpad Solutions Inc.'s newest year against its own record: revenue of $568 million in fiscal 2025 came in 28.1% above the $443 million its prior three years' pace pointed to (top 23% of its family); net income of $46 million against a prior three-year average of $109 million (top 37%); a net margin of -8.2% against -6.5% before (bottom 30%) (its annual reports).