Filing Flows › Offerpad Solutions (OPAD) › Q1 2026
Offerpad Solutions (OPAD) Q1 2026 earnings results (first quarter 2026)
10-Q filed Apr 30, 2026
Offerpad Solutions (OPAD) reported revenue of $80.1M for the first quarter 2026 (Q1 2026), -50% from a year earlier and -30% from the quarter before. Operating margin was -11.3%, net loss $10.1M (12.7% of revenue).
Offerpad Solutions, Q1 2026: revenue $80.1M (-50% year over year), operating margin -11.3%, net loss $10.1M, operating cash flow $9.0M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $80.1M | -30% | -50% |
| Operating profit | −$9.0M | — | — |
| Net earnings | −$10.1M | — | — |
| Operating cash flow | $9.0M | -82% | — |
| Free cash flow | $9.0M | -82% | — |
What changed
Revenue was $80.1M in Q1 2026, down 50% year over year and down 30% from the previous quarter. Cash Offer was the largest line at 92% of revenue. Cash Offer lost $80.3M year over year (down 52%), 100% of the total change.
Gross margin was 6.9%, up 0.4 points from Q1 2025. Operating costs exceeded revenue by $9.0M, an operating margin of -11.3%. Operating expenses fell 34% while revenue fell 50%. The quarter ended with a net loss of $10.1M, wider than the previous quarter's $8.8M loss.
Operating cash flow was $9.0M. Non-cash charges added back $287K of depreciation and $942K of share-based compensation. Working capital and other items added $17.9M. Capital expenditures of $19K left free cash flow of $9.0M.
Questions
What was Offerpad Solutions' revenue in the first quarter 2026?
Offerpad Solutions (OPAD) reported revenue of $80.1M for the first quarter 2026 (Q1 2026), -50% from a year earlier and -30% from the quarter before.
Was Offerpad Solutions profitable in the first quarter 2026?
Operating loss was $9.0M (-11.3% of revenue) and net loss $10.1M.
Source: Offerpad Solutions 10-Q on SEC EDGAR.