7 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has declined 11.8% per year over the past 5 years.
Operating margin has contracted, at -5.9% in the latest year.
Free cash flow has declined 15.4% per year over the past 5 years.
Financial health
Operating income covered interest expense -2.5× in the latest year.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
2025
$568M
-$46M
7.4%
-5.9%
$66M
—
$27M
2024
$919M
-$62M
7.9%
-5.0%
$15M
—
$43M
2023
$1.3B
-$117M
5.3%
-7.9%
$262M
—
$76M
2022
$4.0B
-$149M
4.6%
-3.2%
$304M
—
$97M
2021
$2.1B
$6M
10.0%
1.0%
-$936M
—
$170M
2020
$1.1B
-$23M
8.2%
-1.3%
$152M
—
$44M
2019
$1.1B
-$52M
6.9%
-3.1%
-$110M
—
$23M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
Mar '26
$80M
-$10M
6.9%
-11.3%
$9M
—
$41M
Dec '25
$114M
-$9M
7.0%
-6.4%
$51M
—
$27M
Sep '25
$133M
-$12M
7.0%
-5.1%
$40M
—
$31M
Jun '25
$160M
-$11M
8.9%
-4.9%
-$14M
—
$23M
Mar '25
$161M
-$15M
6.5%
-7.2%
-$11M
—
$31M
Dec '24
$174M
-$17M
6.1%
-7.8%
$29M
—
$43M
Sep '24
$208M
-$14M
8.2%
-4.3%
$39M
—
$49M
Jun '24
$251M
-$14M
8.7%
-3.9%
-$54M
—
$57M
Mar '24
$285M
-$18M
7.9%
-4.8%
$2M
—
$69M
Dec '23
$240M
-$15M
6.9%
-4.7%
-$15M
—
$76M
Sep '23
$234M
-$20M
10.2%
-8.3%
-$95M
—
$106M
Jun '23
$230M
-$22M
9.7%
-9.5%
-$55M
—
$116M
Mar '23
$610M
-$59M
1.2%
-8.5%
$426M
—
$108M
Dec '22
$677M
-$121M
-6.6%
-16.2%
$397M
—
$97M
Sep '22
$822M
-$80M
0.3%
-8.5%
$20M
—
$197M
Jun '22
$1.1B
$12M
8.6%
0.8%
-$393M
—
$155M
Mar '22
$1.4B
$41M
9.6%
3.2%
$279M
—
$198M
Dec '21
$868M
$13M
8.1%
0.4%
-$217M
—
$170M
Sep '21
$540M
-$15M
9.8%
0.6%
-$415M
—
$117M
Jun '21
$379M
$9M
13.4%
3.0%
-$254M
—
$45M
Valuation over time
How the market has priced OPAD against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-sales ratio has risen from 0.0× (Mar '23) to 0.4× (Jun '26).
Price / sales (P/S)
P/S
Frequently asked questions
Is OPAD growing its revenue and profit?
Over the past 5 years, Offerpad Solutions Inc.'s revenue has declined 11.8% per year. These are computed facts, not advice.
How much debt does OPAD have?
As of FY2025, Offerpad Solutions Inc. reported — of total debt against $27M of cash; operating income covered interest expense -2.5×.
What is OPAD's profit margin?
In FY2025, gross margin was 7.4%, operating margin -5.9%, and net margin -8.2%.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.