Offerpad
Provides cash offers and residential real-estate services for U.S. home sellers.
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Profile
Homeowners can request an online cash-offer range, choose an inspection and closing timeline, and sell without the usual showing process. Cash Offer remains the core service, alongside B2B Renovate, Direct+, and Agent Partnership programs.
Homeowners can request an online cash-offer range, select an inspection and closing timeline, and avoid the usual showing process. The platform uses pricing technology and local market review to underwrite purchases, then repairs or renovates homes for resale.
Cash Offer remains the core business, alongside B2B Renovate, Direct+, and Agent Partnership programs, with a growing focus on services that require less capital. Cash-offer requests can also be made through a Realtor.com integration. Operations span U.S. residential markets and depend on accurate home valuation, renovation execution, listing-data relationships, and secured credit facilities that finance inventory.
Company facts
Categories
Key statistics
Year to date −67.2% · Average volume (30d) 54.5K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| May 1, 2026 | Industrial Alliance Securities | Target | $2.50 | $2 | ||
| Feb 24, 2026 | Industrial Alliance Securities | Target | $3.50 | $2.50 | ||
| Dec 11, 2025 | Industrial Alliance Securities | Target | $3.50 | |||
| May 6, 2025 | JMP Securities | Downgrade | Market Outperform | Market Perform |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 3, 2026Q2 FY26 | −$1.87 | −$1.97 | −5.3% | $85.2M | $77.7M | −8.9% | +36.16% |
| Apr 30, 2026Q1 FY26 | −$2.30 | −$2.20 | +4.3% | $86.2M | $80.1M | −7.1% | −15.57% |
| Feb 23, 2026Q4 FY25 | −$0.28 | −$0.26 | +7.1% | $120.5M | $114.1M | −5.3% | −3.70% |
| Nov 3, 2025Q3 FY25 | −$0.29 | −$0.34 | −17.2% | $173.0M | $132.7M | −23.3% | −24.78% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $160.7M | $160.3M | $132.7M | $114.1M | $80.1M | $77.7M | |
| Gross profit | $10.5M | $14.2M | $9.3M | $8.0M | $5.6M | $7.1M | |
| Operating income | −$11.5M | −$7.8M | −$6.7M | −$7.3M | −$9.0M | −$8.2M | |
| Net income | −$15.1M | −$10.9M | −$11.6M | −$8.8M | −$10.1M | −$9.3M | |
| Diluted EPS | −$5.50 | −$3.90 | −$3.70 | −$2.40 | −$2.20 | −$1.94 | |
| Gross margin | 6.5% | 8.9% | 7.0% | 7.0% | 6.9% | 9.2% | |
| Operating margin | -7.2% | -4.9% | -5.1% | -6.4% | -11.3% | -10.6% |
Fiscal years (4-quarter sums)FY21 $2.07B · FY22 $3.95B · FY23 $1.31B · FY24 $918.8M · FY25 $567.8M
Revenue by product · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $33.1M · Total debt $113.6M · Total assets $160.3M · Shareholders' equity $37.3M
Dividends
No dividends on record.
Ownership
Shares outstanding 4.83M · Float 3.78M · 78.1% free float
A split settled inside the quarter being compared, so quarter-on-quarter change is not shown.
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| First American Financial Corp | 511.9K | 10.59% | 13F | Aug 10, 2026 |
| Kingsbury Capital Investment Advisors LLC | 303.6K | 6.28% | 13F | Aug 25, 2026 |
| KMT Wealth Management, LLC | 303.6K | 6.28% | 13F | Aug 5, 2026 |
| Kemnay Advisory Services Inc. | 195.7K | 4.05% | 13F | Aug 14, 2026 |
| Vanguard Capital Management LLC | 124.4K | 2.57% | 13F | Aug 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jun 3, 2026 | Brian Bair | director, officer: Chief Executive Officer | +122,920 | $0.7924 |
| Jun 2, 2026 | Brian Bair | director, officer: Chief Executive Officer | +125,000 | $0.8208 |
Peers
- Opendoor Technologies
Direct cash offers and seller-listing alternatives.
- Compass
Technology-enabled residential brokerage for home sellers.
- eXp World
Cloud-based brokerage serving residential sellers through agents.
- Rocket Companies
Redfin-backed home search, brokerage, and mortgage platform.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Offerpad | $4.41 | +1.03% | $21.1M | — | — | 0.1 | −51.6% |
| Opendoor Technologies | $3.29 | −0.12% | $3.17B | — | — | 1.0 | −43.7% |
| Compass | $10.99 | +0.23% | $6.67B | 102.1 | 150.6 | 0.6 | +109.1% |
| eXp World | $4.73 | +3.28% | $753.3M | — | 51.6 | 0.2 | +5.3% |
| Rocket Companies | $13.80 | +0.22% | $38.89B | 94.3 | 19.0 | 4.0 | +113.7% |
| Median | 98.2 | 51.6 | 0.8 | +57.2% |






