offerpad was created by an innovative team of real estate experts who have optimized the path to sold through decades of experience. collectively, our team has bought and sold nearly 50,000 homes across the country. this industry expertise paired with market knowledge is what makes offerpad a game changer for home sellers. offerpad is fair and fast, so you can be smart and sold, in as little as 5 days.
Company profile
Ticker
OPAD
Exchange
Website
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
Supernova Partners Acquisition Company, Inc.
SEC CIK
Corporate docs
Subsidiaries
Offerpad Holdings LLC • OfferPad, LLC • OfferPad (SPVBorrower), LLC • OfferPad (SPVBorrower1), LLC • OP SPE PHX1, LLC • OP SPE TPA1, LLC • OP SPE BORROWER PARENT, LLC • OP SPE HOLDCO, LLC • OfferPad Mortgage, LLC • OfferPad Brokerage, LLC ...
OPAD stock data
Latest filings (excl ownership)
S-8
Registration of securities for employees
27 Feb 24
10-K
2023 FY
Annual report
27 Feb 24
8-K
Offerpad Reports Fourth Quarter and Full Year 2023 Results
26 Feb 24
8-K
Departure of Directors or Certain Officers
19 Dec 23
8-K
Departure of Directors or Certain Officers
12 Dec 23
25-NSE
Exchange delisting
20 Nov 23
8-K
Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard
17 Nov 23
8-K
Entry into a Material Definitive Agreement
9 Nov 23
10-Q
2023 Q3
Quarterly report
1 Nov 23
8-K
Offerpad Reports Third Quarter 2023 Results
1 Nov 23
Transcripts
OPAD
Earnings call transcript
2023 Q4
26 Feb 24
OPAD
Earnings call transcript
2023 Q3
1 Nov 23
OPAD
Earnings call transcript
2023 Q2
2 Aug 23
OPAD
Earnings call transcript
2023 Q1
3 May 23
OPAD
Earnings call transcript
2022 Q4
22 Feb 23
OPAD
Earnings call transcript
2022 Q3
2 Nov 22
OPAD
Earnings call transcript
2022 Q2
4 Aug 22
OPAD
Earnings call transcript
2022 Q1
5 May 22
OPAD
Earnings call transcript
2021 Q4
24 Feb 22
OPAD
Earnings call transcript
2021 Q3
11 Nov 21
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | |
---|---|---|---|---|
Revenue | ||||
Cost of revenue | ||||
Operating income | ||||
Operating margin | ||||
Net income | ||||
Net profit margin | ||||
Cash on hand | ||||
Change in cash | ||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 113.41 mm | 113.41 mm | 113.41 mm | 113.41 mm | 113.41 mm | 113.41 mm |
Cash burn (monthly) | 2.95 mm | 9.19 mm | 6.66 mm | 18.53 mm | 31.51 mm | (no burn) |
Cash used (since last report) | 17.53 mm | 54.62 mm | 39.59 mm | 110.18 mm | 187.33 mm | n/a |
Cash remaining | 95.87 mm | 58.79 mm | 73.82 mm | 3.23 mm | -73.92 mm | n/a |
Runway (months of cash) | 32.5 | 6.4 | 11.1 | 0.2 | -2.3 | n/a |
Institutional ownership, Q2 2023
13F holders | Current |
---|---|
Total holders | 28 |
Opened positions | 3 |
Closed positions | 4 |
Increased positions | 4 |
Reduced positions | 3 |
13F shares | Current |
---|---|
Total value | 439.45 mm |
Total shares | 286.67 mm |
Total puts | 0.00 |
Total calls | 150.00 k |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
LL Capital Partners I | 92.69 mm | $47.55 mm |
Sella Roberto Marco | 92.69 mm | $47.55 mm |
FAF First American Financial | 76.79 mm | $40.63 mm |
Supernova Partners | 16.56 mm | $145.74 mm |
Fund Management B.V. Privium | 2.85 mm | $57.64 mm |
BLK Blackrock | 1.20 mm | $24.25 mm |
Walleye Capital | 798.51 k | $16.13 mm |
Cowen And | 788.81 k | $15.93 mm |
Castle Creek Arbitrage | 542.94 k | $10.80 mm |
LMR Partners | 490.22 k | $9.90 mm |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
1 Mar 24 | James Grout | Class A Common Stock | Payment of exercise | Dispose F | No | No | 8.75 | 144 | 1.26 k | 1,059 |
1 Mar 24 | Benjamin Adam Aronovitch | Class A Common Stock | Payment of exercise | Dispose F | No | No | 8.75 | 480 | 4.20 k | 3,481 |
31 Dec 23 | Sheryl Palmer | Class A Common Stock | Grant | Acquire A | No | No | 0 | 1,829 | 0.00 | 22,673 |
31 Dec 23 | Ryan Ohara | Class A Common Stock | Grant | Acquire A | No | No | 0 | 1,829 | 0.00 | 21,006 |
31 Dec 23 | Kenneth D Degiorgio | Class A Common Stock | Grant | Acquire A | No | No | 0 | 2,317 | 0.00 | 85,698 |
News
Settlement Shake-Up: National Association Of Realtors' $418M Agreement Reshapes Real Estate Dynamics
18 Mar 24
JP Morgan Maintains Neutral on Offerpad Solutions, Lowers Price Target to $9
27 Feb 24
Goldman Sachs Maintains Neutral on Offerpad Solutions, Lowers Price Target to $7
27 Feb 24
Earnings Scheduled For February 26, 2024
26 Feb 24
Offerpad Solutions's Earnings Outlook
23 Feb 24