Filing Flows › Offerpad Solutions (OPAD) › Q4 2025
Offerpad Solutions (OPAD) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 24, 2026
Offerpad Solutions (OPAD) reported revenue of $114M for the fourth quarter 2025 (Q4 2025), -35% from a year earlier and -14% from the quarter before. Operating margin was -6.4%, net loss $8.8M (7.7% of revenue).
Offerpad Solutions, Q4 2025: revenue $114M (-34% year over year), operating margin -6.4%, net loss $8.8M, operating cash flow $50.5M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $114M | -14% | -35% |
| Operating profit | −$7.3M | — | — |
| Net earnings | −$8.8M | — | — |
| Operating cash flow | $50.5M | +26% | +52% |
What changed
Revenue was $114.1M in Q4 2025, down 35% year over year and down 14% from the previous quarter.
Gross margin was 7.0%, up 0.9 points from a year earlier. Operating costs exceeded revenue by $7.3M, an operating margin of -6.4%. Operating expenses fell 37% while revenue fell 35%. The quarter ended with a net loss of $8.8M, narrower than the previous quarter's $11.6M loss.
Operating cash flow was $50.5M (up 52% year over year). Non-cash charges added back $267K of depreciation. Working capital and other items added $59.1M.
Questions
What was Offerpad Solutions' revenue in the fourth quarter 2025?
Offerpad Solutions (OPAD) reported revenue of $114M for the fourth quarter 2025 (Q4 2025), -35% from a year earlier and -14% from the quarter before.
Was Offerpad Solutions profitable in the fourth quarter 2025?
Operating loss was $7.3M (-6.4% of revenue) and net loss $8.8M.
Source: Offerpad Solutions 10-K on SEC EDGAR.