Offerpad Solutions

OPAD

Real Estate - Services · Real Estate

Price

$5.18

-0.01 (-0.19%)

Market Cap

$16.1M

Winston Score

Winston is worried

Weak fundamentals across most pillars.

Share count rising — dilution

+289.9% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 955K (2021) → 3.7M (2025)

Offerpad is a real estate technology company that buys homes directly from sellers, fixes them up, and then resells them for a profit. This business model is called "iBuying." Homeowners who want a fast, certain sale — without open houses or waiting for buyers — are the main customers. The company operates primarily in the United States, focusing on Sun Belt markets like Arizona, Texas, and Florida.

Offerpad makes money on the difference between what it pays for homes and what it sells them for, plus fees charged to sellers. With a gross margin of only 7.6% and a negative operating margin, the business is currently losing money on its overall operations. The biggest risk the company faces is that housing markets are sensitive to interest rates — when rates rise, home prices soften and transaction volume drops, which squeezes margins and makes it harder to sell the homes already sitting on its books.

Winston Score History

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

-50.2% YoY

YoY Growth Rate

Revenue declining

EPS Growth

+60.0% YoY

YoY Growth Rate

EPS growth accelerating

R&D Spend

$3M/ year

↓ Declining (-25% vs prior year)

0.6% of revenue

Below sector average (1%)

R&D spend declining — could signal cost-cutting or efficiency

Insider Activity

4.4%ownership

→ Flat

Insiders holding steady — not selling despite ability to

Cash Position

Cash flow positive

$41M cash & investments

Quarterly Free Cash Flow

↑ Burn rate improving

Company generates more cash than it spends — no dilution risk from fundraising

Revenue declining

Offerpad Solutions's revenue is actually shrinking. In a growth stock, that removes the core investment thesis. The low Winston Score here may be warranted — unless there's a turnaround story.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Gross Margin

6.9%

Thin — 6.9% gross margin

Operating Margin

-11.3%

Losing money on operations — -11.3%

ROCE

-19.7%

Weak — -19.7% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales YoY

-38.7%

Shrinking sales (-38.7% YoY)

EPS YoY

N/A

—

Data not available

EPS Consistency

0/8 quarters

Earnings rarely grow — volatile business

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Cash Flow

Cash Conversion

N/A

—

Data not available

FCF Margin

17.6%

Converts sales into free cash efficiently (17.6%)

FCF margin between 10% and 20%. Every $100 in sales becomes $10 to $20 in real cash.

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Stability

Debt / Equity

N/A

Data not available

Interest Cover

N/A

Data not available

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Valuation

P/E Ratio (TTM)

N/M

—

Negative earnings — P/E not meaningful

P/E vs Forward

N/A

not available

Data not available

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Dividends

Not applicable for this business.

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