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Douglas Elliman vs Offerpad Solutions: DOUG and OPAD compared
Douglas Elliman is the larger company: $283M of revenue in its latest quarter (Q2 2026) against $78.1M for Offerpad Solutions (Q3 2026). Douglas Elliman is growing faster (+4% against -41% a year earlier). Douglas Elliman is more profitable, with an operating margin of -1.2% against -12.0%.
Where the money goes: DOUG and OPAD
Douglas Elliman (DOUG) · Q2 2026
Douglas Elliman, Q2 2026: revenue $283M (+4% year over year), operating margin -1.2%, net loss $2.7M, operating cash flow $11.6M. The chart follows the revenue to costs, profit and cash.
Offerpad Solutions (OPAD) · Q3 2026
Offerpad Solutions, Q3 2026: revenue $78.1M (-41% year over year), operating margin -12.0%, net loss $11.5M, operating cash flow −$143M. The chart follows the revenue to costs, profit and cash.
| Douglas Elliman (DOUG) | Offerpad Solutions (OPAD) | |
|---|---|---|
| Latest quarter | Q2 2026 | Q3 2026 |
| Revenue | $283M | $78.1M |
| Revenue growth, Y/Y | +4% | -41% |
| Operating margin | -1.2% | -12.0% |
| Net earnings | −$2.7M | −$11.5M |
| Net margin | -1.0% | -14.7% |
| Operating cash flow | $11.6M | −$143M |
| Free cash flow | $10.9M | — |
Where the revenue comes from
Douglas Elliman
- Commissions and other brokerage income: $280M (99%)
- Other ancillary services: $3.2M (1%)
Offerpad Solutions
- Cash Offer: $72.2M (92%)
- Business to Business Renovate: $5.2M (7%)
- All Other Segments: $677K (1%)
Questions
Which is bigger, Douglas Elliman or Offerpad Solutions?
Douglas Elliman is the larger company: $283M of revenue in its latest quarter (Q2 2026) against $78.1M for Offerpad Solutions (Q3 2026).
Is Douglas Elliman or Offerpad Solutions growing faster?
Douglas Elliman is growing faster (+4% against -41% a year earlier).
Which is more profitable, Douglas Elliman or Offerpad Solutions?
Douglas Elliman is more profitable, with an operating margin of -1.2% against -12.0%.
More: Douglas Elliman earnings · how Douglas Elliman makes money · Offerpad Solutions earnings · how Offerpad Solutions makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Aug 10, 2026; 10-Q filed Nov 2, 2026). Fiscal quarters can end on different dates. Not investment advice.