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OPAD NYSE Real Estate Services

Offerpad Solutions Inc.

$3,65
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Mcap
168,6M USD
P/E
EV / Rev
-0,0x
Div yield
Op margin
-5,9 %
ROE
-101,2 %
Net margin
-8,2 %
Debt / equity
Beta
52w range
Volume
Day range
Prev close
$4,15
Open
Next earnings
2026-10-28
Ex-dividend
TR 1Y
About

Offerpad Solutions Inc. is classified under Technology / Software and appears not currently profitable on the latest normalized snapshot.

Business. Offerpad Solutions Inc. (NYSE: OPAD) is a real estate services company that operates within the Real Estate industry. The firm is headquartered in the United States and is primarily listed on the New York Stock Exchange under the ticker symbol OPAD. Specific details regarding operating segments and geographic revenue mix are not disclosed in the available data.

Classification99 %
SectorReal Estate
Industry groupReal Estate Services
Generated · rules-based
Sell-side consensus
HOLD3 analysts
1 buy2 hold0 sell
Avg 12m price target13,17

Analyst recommendations

3 analysts · consensus Hold
Buy1
Hold2
Sell0
12-month price target
13,17
Consensus of sell-side coverage.
Upcoming events
  • EarningsQ3 2026 earnings (expected)2026-10-28 · estimated
See all catalysts →

At a glance

Score
not yet scored
Valuation
valuation pending
Analysts
Hold
3 analysts · indicative
Ownership
BlackRock Institutional Trust Company, N.A.
largest disclosed fund holder
Profitability
-101,2 %
return on equity
Quality
not yet scored

What drives this business

The watch-list the newsroom runs for this company — derived from its sector path, sharpened layer by layer. Not investment advice.

— missing data

News & coverage

0
  • No recent newsroom coverage mentioning OPAD.
  • Sector rotation

    Sector1D1Mvs mkt
    Materials+2,3 %+6,6 %+1,7 %
    Communication Services+2,2 %−5,5 %+1,6 %
    Energy+0,6 %+3,3 %+0,0 %
    Health Care+0,6 %−0,8 %+0,0 %
    Information Technology+0,6 %+6,7 %+0,0 %
    Consumer Discretionary+0,4 %+7,6 %−0,2 %
    Financials−0,3 %−2,8 %−0,9 %
    Consumer Staples−0,4 %+2,5 %−1,0 %
    Real Estate · THIS SECTOR−0,7 %+10,9 %−1,3 %
    Industrials−1,9 %−3,1 %−2,5 %
    Utilities−1,9 %+28,2 %−2,5 %

    Developing storylines

    No tracked sagas currently linked to OPAD. Browse all sagas →

    Analysis

    AI analysis
    Generated · analysis pipeline · tier hybrid · as of 2026-08-04 ↑ At a glance

    Opportunity

    — missing data

    Upcoming catalysts

    Scheduled public events. Informational only — not investment advice.

    • Company
    • EarningsQ3 2026 earnings (expected)2026-10-28 · estimated
    • Peers
    • EarningsQ2 2026 earnings (expected)2026-08-28 · estimated · Salesforce (CRM)
    • EarningsQ3 2026 earnings (expected)2026-10-28 · estimated · ServiceNow (NOW)
    • Macro
    • Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
    • Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
    • Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
    • Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
    • Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
    • Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
    • Macro & political
    • ElectionSE Swedish Election2026-09-14 · SE
    • ElectionUS U.S. Midterms2026-11-03 · US
    • ElectionFR French Legislative2027-06-01 · FR

    Pre-earnings brief

    — missing data

    Signals & dispatch

    peak dispatch · —

    Composite-score breakdown

    Synthesis

    Business

    Offerpad Solutions Inc. (NYSE: OPAD) is a real estate services company that operates within the Real Estate industry. The firm is headquartered in the United States and is primarily listed on the New York Stock Exchange under the ticker symbol OPAD. Specific details regarding operating segments and geographic revenue mix are not disclosed in the available data.

    Classification99 %
    SectorReal Estate
    Industry groupReal Estate Services
    AI synthesis
    GENERATED

    Offerpad Solutions Inc. (OPAD) is currently classified as Application Software within Software (Technology). Classification confidence: 0.66 (rule-based classification). Capital structure on the latest snapshot: total assets 149,771,000 USD, total equity 45,841,000, short-term debt 0, long-term debt 0. Net cash position is approximately 40,823,000 USD. Self-calculated market cap is 34,855,683 USD (market_price × shares_outstanding_diluted). Profitability profile: revenue 80,075,000, gross profit 5,557,000, operating income -9,030,000, net income -10,133,000. Return on equity ~-101.2%. Return on assets ~-31.0%. Operating-cash-flow to net-income ratio is -1.44. Risk profile from automated assessment: liquidity risk low, dilution risk medium. Flags: Source documents mention dilution or offering risk.. Recent news context: [TRIGGER] allocator_boost: allocator_boost (allocator) on OPAD — watcher=allocator; producer_version=ws49-p2a-v2; plan_date=2026-08-02; rank=4; ev=8.660885; company_id=a9765dfa-2b23-45c2-b772-30ac2594b292; jurisdiction=US-DE; term_contributions={'event_proximity': 2.456192, 'gradability': 2.0, 'staleness': 4.204693, 'credibility_interest': 0.0}; days_since_analysis=66; pending_promises=0; reason=Allocator coverage boost rank #4 EV=8.660885 for OPAD (hot+stale; days_since=66); calendar_week={'next_event_date': '2026-08-03', 'days_until': 1, 'bases': ['expected (estimated date)'], 'in_plan_rows': True, 'never_analyzed': False}; contributing_watchers=allocator (source=allocator; url=allocator:2026-08-02:OPAD). Additional context: allocator_boost: watcher=allocator; producer_version=ws49-p2a-v2; plan_date=2026-08-02; rank=4; ev=8.660885; company_id=a9765dfa-2b23-45c2-b772-30ac2594b292; jurisdiction=US-DE; term_contributions={'event_proximity': 2.456192, 'gradability': 2.0, 'staleness': 4.204693, 'credibility_interest': 0.0}; days_since_analysis=66; pending_promises=0; reason=Allocator coverage boost rank #4 EV=8.660885 for OPAD (hot+stale; days_since=66); calendar_week={'next_event_date': '2026-08-03', 'days_until': 1, 'bases': ['expected (estimated date)'], 'in_plan_rows': True, 'never_analyzed': False}; contributing_watchers=allocator. Comparable peers identified within the same class: Microsoft, Salesforce, ServiceNow.

    Key takeaways
    • Return on equity is about -101.2%.
    • Debt to equity is about 0.0x.
    • [TRIGGER] allocator_boost: allocator_boost (allocator) on OPAD — watcher=allocator; producer_version=ws49-p2a-v2; plan_date=2026-08-02; rank=4; ev=8.660885; company_id=a9765dfa-2b23-45c2-b772-30ac2594b292; jurisdiction=US-DE; term_contributions={'event_proximity': 2.456192, 'gradability': 2.0, 'staleness': 4.204693, 'credibility_interest': 0.0}; days_since_analysis=66; pending_promises=0; reason=Allocator coverage boost rank #4 EV=8.660885 for OPAD (hot+stale; days_since=66); calendar_week={'next_event_date': '2026-08-03', 'days_until': 1, 'bases': ['expected (estimated date)'], 'in_plan_rows': True, 'never_analyzed': False}; contributing_watchers=allocator (source=allocator; url=allocator:2026-08-02:OPAD)
    • Likely peers from the same classification include Microsoft, Salesforce, ServiceNow.
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opad:TwoThousandAndTwentySevenAugustRevolvingCreditFacilityMember opad:SeniorSecuredCreditFacilityWithFinancialInstitutionFiveMember 2025-12-31 0001825024 us-gaap:WarrantMember 2026-01-01 2026-03-31 0001825024 opad:OpenMarketSaleAgreementMember us-gaap:CommonClassAMember 2026-01-01 2026-03-31 0001825024 us-gaap:OfficeEquipmentMember 2025-12-31 0001825024 opad:PerformanceBasedRestrictedStockUnitsMember 2025-01-01 2025-03-31 0001825024 opad:SeniorSecuredCreditFacilityWithFinancialInstitutionOneMember opad:TwoThousandAndTwentySixJuneRevolvingCreditFacilityMember 2026-03-31 0001825024 us-gaap:RestrictedStockUnitsRSUMember us-gaap:CommonClassAMember 2026-01-01 2026-03-31 0001825024 opad:MezzanineRevolvingCreditFacilitiesMember 2025-12-31 0001825024 us-gaap:RestrictedStockUnitsRSUMember 2025-01-01 2025-03-31 0001825024 us-gaap:RelatedPartyMember opad:SisterInLawMember 2025-01-01 2025-03-31 0001825024 opad:TwoThousandAndTwentySixAprilMezzanineCreditFacilityWithRelatedPartyMember opad:MezzanineRevolvingCreditFacilitiesMember 2026-03-31 0001825024 us-gaap:AllOtherSegmentsMember 2025-01-01 2025-03-31 0001825024 opad:RooftopSolarPanelSystemsMember 2025-12-31 0001825024 opad:PrivatePlacementWarrantMember 2026-03-31 0001825024 opad:SeniorSecuredCreditFacilityWithRelatedPartyOneMember opad:TwoThousandAndTwentySixFebruaryRevolvingCreditFacilityMember 2025-12-31 opad:Facility xbrli:pure iso4217:USD xbrli:shares xbrli:shares opad:Home iso4217:USD opad:Segment UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2026 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______ to ______ Commission File Number: 001-39641 Offerpad Solutions Inc.
    • They may appear in a number of places throughout this Quarterly Report on Form 10-Q, including Part I, Item 2, “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and include statements regarding our intentions, beliefs or current expectations concerning, among other things, our future results of operations, financial condition and liquidity, real estate inventory and home acquisition pace, volume and strategy, mortgage rates, cash requirements, further equity issuances, financing plans and borrowing capacity, our intended use of net proceeds from our issuances of equity securities and debt financing arrangements, our prospects, optimized returns, potential growth or expansion evaluations, strategies, including without limitation, regarding product and service offerings and their expected impacts, ongoing collaborations, compliance with applicable laws, regulations and New York Stock Exchange (“NYSE”) continued listing rules, consideration of alternatives to cure any NYSE continued listing requirement deficiencies, macroeconomic trends, including due to conflict in the Middle East, potential tariffs or retaliations against such tariffs, geopolitical concerns, implications due to an “ownership change” under Section 382 of the Internal Revenue Code, including limitations on our ability to use net operating losses to offset future income tax liability, and the markets in which Offerpad operates.

    Bull / Bear case

    Generated · model-assisted
    BULL CASE · 5

    Analysts project 94.4% upside to a mean price target of $1.47, suggesting significant undervaluation relative to current market price.

    The company maintains a zero debt-to-equity ratio, indicating a conservative capital structure with no long-term debt obligations.

    Offerpad generated positive free cash flow of $65.7 million in FY2025, demonstrating an ability to generate cash despite operating losses.

    Liquidity risk is assessed as low, suggesting the company has sufficient short-term assets to cover immediate liabilities.

    Capital expenditure intensity is low at 0.19% of revenue, indicating minimal ongoing investment requirements to maintain operations.

    BEAR CASE · 2

    The company posted a net loss of $46.4 million in FY2025, continuing a trend of unprofitability over the last three years.

    Operating margin of -5.9% places Offerpad in the bottom quartile compared to 143 real estate services peers.

    In focus — financials by report

    Quarterly
    Annual
    QUARTERLYFiled 2026-03-31
    Q4 2025 · Quarter highlights

    Revenue $80.1M; Operating income -$9.0M.

    Revenue$80.1M
    Operating income-$9.0M
    Net income-$10.1M
    Free cash flow$9.0M
    EPS
    Operating cash flow$9.0M
    Financials
    Income statement
    Revenue$80.1M
    Gross profit$5.6M
    Operating income-$9.0M
    Net income-$10.1M
    Margins
    Gross margin6.9%
    Operating margin-11.3%
    Net margin-12.7%
    FCF margin11.3%
    Balance sheet
    Total assets$149.8M
    Total liabilities$103.9M
    Total equity$45.8M
    Cash & equivalents$40.8M
    Long-term debt
    Cash flow
    Operating cash flow$9.0M
    CapEx$19.0k
    Free cash flow$9.0M
    SBC$942.0k
    P&L flow · revenue → net income
    Revenue $80.1MOperating costs $89.1MTax $1.1MNet income $10.1M
    Highlights
    • Revenue $80.1M
    • Operating income -$9.0M
    • Net margin -12.7%

    Valuation FY

    Market price
    $3,65
    Market cap
    $34.9M
    Enterprise value
    -$6.0M
    P/E
    Non-GAAP P/E
    EV / Revenue
    -0.0x
    EV / Op income
    EV / OCF
    -0.1x
    P / B
    0.8x
    P / Tangible book
    0.8x
    Tangible book
    $45.8M
    Net cash
    $40.8M
    Current ratio
    1.7
    Debt / equity
    ROA
    -31.0%
    ROE
    -1.0%
    Cash conversion
    -144.0%
    CapEx / revenue
    0.2%
    SBC / revenue
    0.5%
    Dilution ratio

    Revenue by segment

    Direct Home Buying90,0 %
    low · business_description · 2026-07-03
    Real Estate Marketplaces
    low · business_description · 2026-07-03
    Real Estate Renovation Services
    low · business_description · 2026-07-03
    Residential Brokerage
    low · business_description · 2026-07-03

    Market share

    INDUSTRYSEGMENTCOMPANYReal EstateIndustryReal Estate Services116,3B node revenueCBRE 34,3%JLL 22,4%BEKE 12,0%CWK 8,8%CIGI 4,8%FSV 4,7%OPEN 3,8%NMRK 2,4%Other 6,8%
    Source: company disclosures · own-taxonomy revenue-covered setOPAD 0,5% · rank #12 of 20

    Business relationships

    Business relationships20 disclosed relationships · 1 type · extracted from filings & disclosures
    Subsidiaries20
    EX21:049ac516bf21EX21:049ac516bf21Subsidiarie97%
    EX21:074f0c132cccEX21:074f0c132cccSubsidiarie97%
    EX21:0f56ad5fc4caEX21:0f56ad5fc4caSubsidiarie97%
    EX21:2982b567814dEX21:2982b567814dSubsidiarie97%
    EX21:36abd74ce36dEX21:36abd74ce36dSubsidiarie97%
    EX21:45cdb349977cEX21:45cdb349977cSubsidiarie97%
    EX21:47c818ce5cb8EX21:47c818ce5cb8Subsidiarie97%
    EX21:52a158955ae2EX21:52a158955ae2Subsidiarie97%
    EX21:7234564ce42bEX21:7234564ce42bSubsidiarie97%
    EX21:7ceb3294ef92EX21:7ceb3294ef92Subsidiarie97%
    EX21:8abb0c54260aEX21:8abb0c54260aSubsidiarie97%
    EX21:9371b88f52bbEX21:9371b88f52bbSubsidiarie97%
    EX21:9e042b94d44eEX21:9e042b94d44eSubsidiarie97%
    EX21:a2f49f1b58b2EX21:a2f49f1b58b2Subsidiarie97%
    EX21:bccd4144d927EX21:bccd4144d927Subsidiarie97%
    EX21:c21eee6db422EX21:c21eee6db422Subsidiarie97%
    EX21:d7125662323dEX21:d7125662323dSubsidiarie97%
    EX21:f635d5cb5943EX21:f635d5cb5943Subsidiarie97%
    EX21:fc4471b5ccb5EX21:fc4471b5ccb5Subsidiarie97%
    EX21:fe413d3c9221EX21:fe413d3c9221Subsidiarie97%

    Supply chain

    — missing data

    Peer comparison

    Peer comparison8 peers · vs OPAD · multiples and returns
    CB
    CBRE
    Cbre Group Inc
    $148,43
    43,8B USD
    P/E
    33,2x
    vs self
    Div yield
    vs self
    ROE
    13,8 %
    +115,0 vs self
    JL
    JLL
    Jones Lang Lasalle Inc
    P/E
    vs self
    Div yield
    vs self
    ROE
    vs self
    BE
    BEKE
    Ke Holdings Inc
    $16,40
    P/E
    vs self
    Div yield
    1,6 %
    vs self
    ROE
    4,5 %
    +105,7 vs self
    CW
    CWK
    CUSHMAN & WAKEFIELD LTD.
    P/E
    vs self
    Div yield
    vs self
    ROE
    vs self
    CI
    CIGI
    Colliers Intl Gr-subord Vot
    P/E
    vs self
    Div yield
    vs self
    ROE
    vs self
    FS
    FSV
    FSV.TO
    $143,70
    P/E
    vs self
    Div yield
    vs self
    ROE
    vs self
    OP
    OPEN
    Opendoor Technologies Inc
    $4,66
    4,5B USD
    P/E
    vs self
    Div yield
    vs self
    ROE
    -18,1 %
    +83,0 vs self
    NM
    NMRK
    Newmark Group Inc
    $15,30
    2,7B USD
    P/E
    20,5x
    vs self
    Div yield
    1,5 %
    vs self
    ROE
    8,6 %
    +109,8 vs self

    Market position

    Stress test

    — missing data

    Predictor forecast

    Next quarternear-term
    Earnings · next quarterconf 45 %
    EPS
    Consensus EPS
    -0,69
    Predicted surprise
    +0,00
    Beat probability
    45 %
    Analysts
    4
    Other metrics
    Revenue
    no estimate
    Segment revenue
    no estimate
    Margin
    no estimate
    Segment margin
    no estimate
    as of 2026-05-16 · Earnings Surprise V1
    Period note: consensus is not fiscal-period-aligned at source — read as consensus vs the last reported actual, not a calibrated same-quarter surprise.
    Full fiscal year~1 year ahead
    Full fiscal year · our forecast vs guidance vs consensus
    MetricOur forecastGuidanceConsensus
    EPSno estimateno estimate-6,45
    Revenueno estimateno estimate412,0M USD
    Operating incomeno estimateno estimate-22,6M USD
    Full-year consensus mean (period as reported by source) · consensus in USD. Company-level full-year forecast and management guidance are not yet modelled at scale — shown as "no estimate", never inferred.
    Probabilistic model output — not investment advice. · generated 2026-08-04

    Options

    — missing data

    Short squeeze

    — missing data

    Earnings-call key lines

    — missing data

    Consensus distribution

    sell-side coverage
    Recommendation distribution3 analysts
    Strong buy0
    Buy1
    Hold2
    Sell0
    Strong sell0
    12-month price target$13,17 · Median $14,00
    Low $5,50High $20,00
    Operating income · consensus-22,6M USD
    EPS surprise
    −140,4 %
    reported vs consensus · miss
    Revenue surprise
    +37,8 %
    reported vs consensus · beat

    Estimate revisions

    consensus EPS · 26-week trend
    — missing data

    Sell-side observations

    Low$5,50
    Mean$13,17
    Median$14,00
    High$20,00
    Spot$3,65
    +260.7 %implied to mean12-month sell-side price targets · ▲ spot

    Themes

    — missing data

    ESG

    — missing data

    Risk factors

    Dilution riskMedium
    Liquidity riskLow
    Filing-based flags
    • Source documents mention dilution or offering risk.

    Benchmarks vs cohort

    Op Margin-5,9 %Bottom quartile
    Net Margin-8,2 %Bottom quartile
    ROE-101,2 %Bottom quartile
    Capex / Rev0,2 %Above P75
    D/E0,00Above P75
    Cash Conv-1,44Bottom quartile

    Corporate actions / M&A

    — missing data

    FX exposure

    — missing data

    Comparable transactions

    — missing data

    Derivatives & instruments

    — missing data

    Actions

    Ask Handelsavisen

    — missing data
    Data sources
    • Market data
    • Regulatory filings
    • Issuer disclosures
    • Public news
    • Earnings transcripts
    • Consensus estimates
    • ESG data
    • Reference data
    How metrics are computed
    • Cash Conversion Ratio
      operating_cash_flow / net_income
    • Market Price
      input from market-data provider (delayed close or quote-shim mid)
    • Ev To Revenue
      enterprise_value / revenue
    • Net Cash
      cash_and_equivalents + short_term_investments - short_term_debt - long_term_debt
    • Return On Equity
      net_income / total_equity
    • Market Cap
      market_price * shares_outstanding_diluted
    Source documents
    • Offerpad Solutions Inc. company facts · 2026-08-02
    • Offerpad Solutions Inc. 10-Q 2026-04-30 · 2026-08-02
    • Offerpad Solutions Inc. 10-K 2026-02-24 · 2026-08-02
    • Offerpad Solutions Inc. 10-Q 2025-11-03 · 2026-08-02
    • Offerpad Solutions Inc. 10-Q 2025-08-04 · 2026-08-02
    • allocator_boost (allocator) on OPAD · 2026-08-02
    • Offerpad Solutions Inc Market data — analyst estimates · 2026-08-02
    • Offerpad Solutions Inc Market data — ESG · 2026-08-02

    Ownership & reference

    Top holders

    • BlackRock Institutional Trust Company, N.A.Investment Managers · as of 2024-06-300,00 %$2M
    • UBS Financial Services, Inc.Investment Managers · as of 2026-03-310,00 %$0M
    • Vanguard Capital Management, LLCInvestment Managers · as of 2025-12-310,00 %$1M
    • Geode Capital Management, L.L.C.Investment Managers · as of 2026-03-310,00 %$0M
    • Nuveen LLCInvestment Managers · as of 2024-12-310,00 %$0M
    • Morgan Stanley Smith Barney LLCInvestment Managers · as of 2026-03-310,00 %$0M
    • Northern Trust Investments, Inc.Investment Managers · as of 2026-03-310,00 %$0M
    • State Street Investment Management (US)Investment Managers · as of 2026-03-310,00 %$0M

    Leadership

    • Brian BairChairman of the Board, Chief Executive Officer

    Insider activity

    Net buying2 buys · 0 sellsnet $200K10 insiders · last 365d
    • Martinez AdamChief Legal Officer · Class A Common StockOther 235 @ $4,95$1K · 2026-06-12
    • Knag Peter HChief Financial Officer · Class A Common StockOther 19 829 @ $0,62$12K · 2026-06-05
    • Bair BrianDirector, Chief Executive Officer · Class A Common StockOther 91 167 @ $0,74$67K · 2026-06-04
    • Martinez AdamChief Legal Officer · Class A Common StockOther 30 549 @ $0,74$23K · 2026-06-04
    • Knag Peter HChief Financial Officer · Class A Common StockOther 42 393 @ $0,74$31K · 2026-06-04
    • Mathias Tela GallagherDirector · Class A Common StockOther 108 696 · 2026-06-03
    • OHARA RYANDirector · Class A Common StockOther 108 696 · 2026-06-03
    • DEGIORGIO KENNETH DDirector · Class A Common StockOther 108 696 · 2026-06-03
    • Bair BrianDirector, Chief Executive Officer · Class A Common StockBought 122 920 @ $0,79$97K · 2026-06-03
    • Corley Donna MDirector · Class A Common StockOther 108 696 · 2026-06-03
    • Bair BrianDirector, Chief Executive Officer · Class A Common StockBought 125 000 @ $0,82$103K · 2026-06-02
    • OHARA RYANDirector · Class A Common StockOther 32 196 · 2026-03-31
    • DEGIORGIO KENNETH DDirector · Class A Common StockOther 35 984 · 2026-03-31
    • Mathias Tela GallagherDirector · Class A Common StockOther 136 364 · 2026-02-13
    • DEGIORGIO KENNETH DDirector · Class A Common StockOther 14 462 · 2025-12-31
    • Curnutte KatherineDirector · Class A Common StockOther 9 297 · 2025-12-31
    • OHARA RYANDirector · Class A Common StockOther 12 396 · 2025-12-31
    • LL Capital Partners I, L.P.10% owner · Class A Common StockOther 16 012 · 2025-09-30
    • OHARA RYANDirector · Class A Common StockOther 3 597 · 2025-09-30
    • Curnutte KatherineDirector · Class A Common StockOther 2 697 · 2025-09-30
    • Sella Roberto MarcoDirector · Class A Common StockOther 764 858 · 2025-09-30
    • LL Capital Partners I, L.P.10% owner · Class A Common StockOther 5 816 959 · 2025-09-30
    • LL Capital Partners I, L.P.10% owner · Class A Common StockOther 931 385 · 2025-09-30
    • DEGIORGIO KENNETH DDirector · Class A Common StockOther 4 196 · 2025-09-30
    • DEGIORGIO KENNETH DDirector · Class A Common StockOther 71 429 · 2025-08-08

    Short positioning

    478.8Kshares short-5.8% vs prior
    7.33days to cover
    73.4%short of daily vol
    580fails-to-deliver
    as of 2026-07-15 · short-interest report (free)

    Geographic breakdown

    — missing data
    Listings · one canonical issuer all listings resolve to the canonical
    OPADCanonical
    NYSE · USD

    Intel & risk

    PredictorBeat prob45 %Surprise+0,00Full forecast →
    peak dispatch · —
    OSINT findings
    Dilution riskMedium
    Liquidity riskLow
    Source documents mention dilution or offering risk.
    Relationship graph
    OPADMSFTCRMNOWEX21:049EX21:074EX21:0f5EX21:298EX21:36aEX21:45cEX21:47cReal Estate Se
    This companyPeerSectorSubsidiaries

    Evidence & claims

    From filings & derived data
    • Total assets (YoY) (2025-12-31 vs 2024-12-31): -50.6%Derived (calculated)
    • Shareholders' equity (YoY) (2025-12-31 vs 2024-12-31): -19.8%Derived (calculated)
    • Current ratio (FY 2025-12-31): 1.48xDerived (calculated)
    • Debt-to-equity (FY 2025-12-31): 3.05xDerived (calculated)
    • Cash & equivalents (YoY) (2025-12-31 vs 2024-12-31): -38.3%Derived (calculated)
    • Total liabilities (YoY) (2025-12-31 vs 2024-12-31): -56.1%Derived (calculated)
    • Revenue (YoY) (2025-12-31 vs 2024-12-31): -38.2%Derived (calculated)
    • R&D expense (YoY) (2025-12-31 vs 2024-12-31): -24.7%Derived (calculated)
    • Operating income (YoY) (2025-12-31 vs 2024-12-31): 27.5%Derived (calculated)
    • Operating cash flow (YoY) (2025-12-31 vs 2024-12-31): 220.7%Derived (calculated)
    • Net income (YoY) (2025-12-31 vs 2024-12-31): 25.4%Derived (calculated)
    • Gross profit (YoY) (2025-12-31 vs 2024-12-31): -41.8%Derived (calculated)
    • Cost of revenue (YoY) (2025-12-31 vs 2024-12-31): -37.9%Derived (calculated)
    • EPS (diluted) (YoY) (2025-12-31 vs 2024-12-31): 33.9%Derived (calculated)
    • Capex (YoY) (2025-12-31 vs 2024-12-31): -80.0%Derived (calculated)
    • EPS (basic) (YoY) (2025-12-31 vs 2024-12-31): 33.9%Derived (calculated)
    • Net margin (FY 2025-12-31): -8.2%Derived (calculated)
    • Gross margin (FY 2025-12-31): 7.4%Derived (calculated)
    • Return on equity (FY 2025-12-31): -121.4%Derived (calculated)
    • Return on assets (FY 2025-12-31): -30.0%Derived (calculated)
    • Cash & equivalents (annual): USD 26.54MSEC XBRL filing
    • Total liabilities (annual): USD 116.55MSEC XBRL filing
    • EPS (basic) (annual): USD-PER-SHARES -2SEC XBRL filing
    • Pre-tax income (annual): USD -45.94MSEC XBRL filing
    Showing 24 of 60 surfaced claims.
    Atomic claims from regulatory filings and derived calculations. Provenance shown as source kind only.

    The Thread

    Everything we know, in order
    2026-10-28EVENTUpcomingQ3 2026 earnings (expected) estimated date
    2026-08-03 00:00 UTCTRANSCRIPTEarnings call — Q3 2026
    2026-08-03EVENTQ2 2026 earnings (expected) estimated date
    2026-06-30 03:38 UTCEARNINGSUpcomingForecast: earnings_forecast (90d)
    2026-06-12 00:00 UTCINSIDER11 insider transactions — 2026-06 · $335k gross
    2026-06-12INSIDERMartinez Adam transacted 235 sh Class A Common Stock — Chief Legal Officer ~$1k
    2026-06-09FILING8-K filing →
    2026-06-05INSIDERKnag Peter H transacted 19.8k sh Class A Common Stock — Chief Financial Officer ~$12k
    2026-06-04FILING8-K filing →
    2026-06-04INSIDERBair Brian transacted 91.2k sh Class A Common Stock — Director, Chief Executive Officer ~$67k
    2026-06-04INSIDERMartinez Adam transacted 30.5k sh Class A Common Stock — Chief Legal Officer ~$23k
    2026-06-04INSIDERKnag Peter H transacted 42.4k sh Class A Common Stock — Chief Financial Officer ~$31k
    2026-06-03INSIDERMathias Tela Gallagher transacted 108.7k sh Class A Common Stock — Director
    2026-06-03INSIDEROHARA RYAN transacted 108.7k sh Class A Common Stock — Director
    2026-06-03INSIDERDEGIORGIO KENNETH D transacted 108.7k sh Class A Common Stock — Director
    2026-06-03INSIDERBair Brian bought 122.9k sh Class A Common Stock — Director, Chief Executive Officer ~$97k
    2026-06-03INSIDERCorley Donna M transacted 108.7k sh Class A Common Stock — Director
    2026-06-02INSIDERBair Brian bought 125.0k sh Class A Common Stock — Director, Chief Executive Officer ~$103k
    2026-04-30FILING8-K filing →
    2026-04-30FILING424B5 filing →
    2026-04-30FILING10-Q filing →
    2026-04-30FILING8-K filing →
    2026-04-22FILINGDEF 14A filing →
    2026-03-31 00:00 UTCINSIDER2 insider transactions — 2026-03
    2026-03-31EARNINGSQuarterly results — Q4 2025 Revenue USD 80.1M · Net USD -10.1M
    2026-03-31INSIDEROHARA RYAN transacted 32.2k sh Class A Common Stock — Director
    2026-03-31INSIDERDEGIORGIO KENNETH D transacted 36.0k sh Class A Common Stock — Director
    2026-03-11FILING424B3 filing →
    2026-03-06FILING8-K filing →
    2026-02-24FILING10-K filing →
    2026-02-23FILING8-K filing →
    2026-02-13 00:00 UTCINSIDER1 insider transaction — 2026-02
    2026-02-13FILING8-K filing →
    2026-02-13INSIDERMathias Tela Gallagher transacted 136.4k sh Class A Common Stock — Director
    2025-12-31 00:00 UTCINSIDER3 insider transactions — 2025-12
    2025-12-31EARNINGSQuarterly results — Q3 2025
    2025-12-31EARNINGSAnnual results — FY 2025 Revenue USD 567.8M · Net USD -46.4M
    2025-12-31INSIDERDEGIORGIO KENNETH D transacted 14.5k sh Class A Common Stock — Director
    2025-12-31INSIDERCurnutte Katherine transacted 9.3k sh Class A Common Stock — Director
    2025-12-31INSIDEROHARA RYAN transacted 12.4k sh Class A Common Stock — Director
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