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Offerpad Solutions cash flow, quarter by quarter

Latest: Q3 2026 · from the cash-flow statements filed with the SEC

Free cash flow−$143M in Q3 2026 · −$109M over twelve months

Operating cash flow−$143M
Capital spending−$13K
Free cash flow−$143M
Cash conversion cycle212 days

Analysis

In Q3 2026, Offerpad Solutions generated −$143M of operating cash flow and spent $13K on capital projects, leaving free cash flow of −$143M. That is $183M less than in Q3 2025 ($40.0M).

Over the twelve months to Sep 30, 2026, operating cash flow was −$109M; the largest uses were operating cash flow ($109M), taxes on employees’ shares ($264K), capital spending ($66K); besides operations, cash came from other financing ($61.0M), shares issued ($24.0M); the cash balance fell by $19.2M.

Operating cash flow was −$143M against net income of −$11.5M. The largest differences: inventory −$137M, prepaid and other assets +$1.5M, accrued liabilities +$1.5M.

Its cash conversion cycle was 212 days (receivables 7 + inventory 209 − payables 4).

Free cash flow

Offerpad Solutions: free cash flow by quarterOfferpad Solutions: free cash flow by quarter$29.1MQ4 2024−$11.2MQ1 2025−$13.6MQ2 2025$40.0MQ3 2025$50.5MQ4 2025$9.0MQ1 2026−$25.9MQ2 2026−$143MQ3 2026
Operating cash flow less capital spending.
Offerpad Solutions: operating cash flow against capital spendingOfferpad Solutions: operating cash flow against capital spendingOperating cash flowCapital spending$33.2M$4.2MQ4 2024−$10.2M$994KQ1 2025−$13.5M$85KQ2 2025$40.0M$0Q3 2025$50.5M$0Q4 2025$9.0M$19KQ1 2026−$25.9M$34KQ2 2026−$143M$13KQ3 2026
Latest (Q3 2026): Operating cash flow −$143M, Capital spending $13K.

Capital allocation, year by year

Offerpad Solutions: where the cash came from (up) and went (down), by fiscal yearOfferpad Solutions: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedAsset salesCapital spendingFY2021: Operating cash flow −$922MFY2021: Net borrowing −$63KFY2021: Shares issued −$50.3MFY2021: Asset sales $2.0MFY2021: Capital spending −$13.7M$2.0MFY2021FY2022: Operating cash flow $305MFY2022: Shares issued $4.9MFY2022: Capital spending −$1.1M$310MFY2022FY2023: Operating cash flow $262MFY2023: Shares issued −$731KFY2023: Capital spending −$127K$262MFY2023FY2024: Operating cash flow $20.8MFY2024: Shares issued $33KFY2024: Asset sales $82KFY2024: Capital spending −$5.4M$20.9MFY2024FY2025: Operating cash flow $66.8MFY2025: Net borrowing $15.0MFY2025: Shares issued $168KFY2025: Asset sales $19KFY2025: Capital spending −$1.1M$82.0MFY2025
Over these 5 years operating cash flow totalled −$267M; the largest uses were operating cash flow ($922M) and shares issued ($51.1M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$12.1M
Debtnone
Net cash$12.1M
Cash runway1 month

Offerpad Solutions is burning cash: its operations consume cash, a free cash flow of −$109M a year at the current rate against $12.1M of cash and investments: a runway of about 1 month before any new financing.

Where the cash came from and went

Offerpad Solutions: sources (+) and uses (−) of cash, Q3 2026Offerpad Solutions: sources (+) and uses (−) of cash, Q3 2026Operating cash flow−$143MOther financing$122MCash drawn (+) / kept (−)$20.4MAsset & business sales$28KCapital spending−$13KTaxes on employees’ shares−$2K
Offerpad Solutions: sources (+) and uses (−) of cash, TTM to Q3 2026Offerpad Solutions: sources (+) and uses (−) of cash, TTM to Q3 2026Operating cash flow−$109MOther financing$61.0MShares issued$24.0MCash drawn (+) / kept (−)$19.2MNet borrowing (+) / repaid (−)$5.0MTaxes on employees’ shares−$264KCapital spending−$66KAsset & business sales$57K

From profit to cash

Offerpad Solutions: net income to operating cash flow, Q3 2026Offerpad Solutions: net income to operating cash flow, Q3 2026Net income−$11.5MDepreciation & amortization$300KStock-based pay$986KGains on disposals$81KReceivables$698KInventory−$137MPayables$704KAccrued liabilities$1.5MPrepaid and other assets$1.5MOperating cash flow−$143M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
QuarterReceivable daysInventory daysPayable daysCash conversion cycle
Q3 202672094212
Q2 202681093114
Q1 202691022109
Q4 202561112116
Q3 202551401144
Q2 202541321135
Q1 202531271129
Q4 202421321133

Every quarter

QuarterOperating cash flowCapital spendingShares issuedCash drawn (+) / kept (−)Free cash flow
Q3 2026−$143M−$13K—$20.4M−$143M
Q2 2026−$25.9M−$34K—$6.8M−$25.9M
Q1 2026$9.0M−$19K$18.0M−$13.5M$9.0M
Q4 2025$50.5M—$6.0M$5.5M$50.5M
Q3 2025$40.0M—$168K−$6.9M$40.0M
Q2 2025−$13.5M−$85K—$8.9M−$13.6M
Q1 2025−$10.2M−$994K—$37.9M−$11.2M
Q4 2024$33.2M−$4.2M$16K−$15.2M$29.1M

Offerpad Solutions: income statement and cash flow

Offerpad Solutions, Q3 2026: revenue $78.1M (-41% year over year), operating margin -12.0%. The chart follows the revenue to costs, profit and cash.

Offerpad Solutions: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.