Offerpad Solutions Inc
offerpad.comWhat Do They Do?
Buys and resells homes through cash offers, and provides brokerage, marketplace access to cash buyers, and renovation services to home sellers, home buyers and real estate businesses.
10-K for FY2025, filed Feb 24, 2026Founded in 2015, we combine proprietary technology with local real estate expertise to simplify the home sale process and reduce friction…View ↗
Cash Offer, in which customers can access our website or mobile application to receive a competitive cash offer for their home within 24…View ↗
Renovate, in which we leverage our existing logistics, operations, technology and skill-sets to provide renovation services to other…View ↗
Cash Offer Marketplace, including Direct+ partners, in which qualified cash offers are routed through a marketplace of third-party buyers…View ↗
Brokerage Services, in which sellers can select from different agent-led pathways to sell their home, including HomePro, which pairs…View ↗
How Do They Make Money?
Home buyers pay the resale price when a home sale closes; renovation work earns project and percentage-based service fees, while marketplace sales can earn a fee at closing.
10-K for FY2025, filed Feb 24, 2026Revenue from the sale of homes is derived from the resale of homes on the open market. Home sales revenue is recognized at the time of the…View ↗
Through our Renovate services, we are able to leverage our existing logistics, operations, technology and skill-sets to provide renovation…View ↗
Our Cash Offer Marketplace, which includes Direct+ partners, provides third-party buyers with an opportunity to purchase homes from…View ↗
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10-K for FY2025, filed Feb 24, 2026
FY2025 revenue by reportable segment ↗
$567.8M
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10-K for FY2025, filed Feb 24, 2026
$567.8M ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Other
|
1.0%
FY2022: 0.7%
|
Other, FY2025
$5.9M Sources
|
|
|
Cash Offer
Sold outright
10-K for FY2025, filed Feb 24, 2026 |
94%
FY2022: 99%
|
Cash Offer, FY2025
$534.8M Sources
|
Sold outright |
|
B2B Renovate
|
4.8% |
B2B Renovate, FY2025
$27.1M Sources
|
Who Are Their Customers?
Homeowners use the website or app for cash offers, or choose agent-led sale paths; third-party agents can present cash offers to their clients. Businesses and homeowners use Offerpad for renovation projects, while home buyers browse homes online with or without an agent.
10-K for FY2025, filed Feb 24, 2026Our agile and adaptable product suite provides a unique approach to meet both our retail and business customers’ needs. In our Cash Offer…View ↗
Through our Cash Offer service, customers complete a few simple steps and receive a competitive cash offer on their home within 24 hours…View ↗
Through our Renovate services, we are able to leverage our existing logistics, operations, technology and skill-sets to provide renovation…View ↗
Our Brokerage Services solution provides sellers with different agent-led pathways to sell their home, including HomePro, which pairs…View ↗
Do Revenues Turn Into Profits?
Not on paper. It lost $46.4M in FY2025, but brought in more cash than it spent: $65.7M of free cash flow.
10-K for FY2025, filed Feb 24, 2026
−$33.4MView ↗
10-K for FY2025, filed Feb 24, 2026
−$46.4MView ↗
10-K for FY2025, filed Feb 24, 2026
$65.7MView ↗
How Are They Changing?
- Net income
-
Sources
10-Q for Q2 FY2026, filed Aug 3, 2026
−$9.3MView ↗
- ▼ −15% (Loss)
- vs −$10.9M in Q2 FY2025
10-Q for Q2 FY2026, filed Aug 3, 2026
Open tableView ↗
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Aug 18, 2026
Moves its stock listing from the NYSE to Nasdaq
Sources
8-K, filed Aug 18, 2026
On August 18, 2026, the Board of Directors of Offerpad Solutions Inc. (the “Company”) authorized the Company to voluntarily withdraw the…View ↗
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Aug 3, 2026
Provides third-quarter revenue and transaction guidance
It expects revenue of $90 million to $100 million and 350 to 400 real estate transactions.
Sources
8-K, filed Aug 3, 2026
For the third quarter of 2026, Offerpad expects revenue in the range of $90 million to $100 million, with 350-400 real estate transactions…View ↗
Shrinking. Revenue fell 73% in 4 years, from $2.1B in FY2021 to $567.8M in FY2025, about 28% a year.
Renovation services for outside clients
The older report described home preparation and improvements as part of sellers’ listing services, with stand-alone remodeling as a possible future service. The latest report describes renovation projects for other businesses and homeowners to update homes for rent or sale.
10-K for FY2022, filed Feb 28, 2023 10-K for FY2025, filed Feb 24, 2026
More routes through third parties
The older report described cash offers and Flex listings with backup offers, alongside in-house agent support. The latest report describes offers routed through third-party cash buyers and agent-led brokerage paths that include third-party agents.
10-K for FY2022, filed Feb 28, 2023 10-K for FY2025, filed Feb 24, 2026
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