← BackOfferpad Solutions Inc. · Real Estate Agents & Managers (For Others)OPAD
Elevated riskNext report: Due any day
The short versionA company still losing money with shrinking sales, with elevated risk.
Watch out for
- Share count growing 23.8% a year (dilution)
- Losing money
- Revenue down 38.2% from the year before
Money moves
- No insider buying or selling in the last 30 days
Facts from SEC filings, not a recommendation.
The business over time
Last 12 quarters, from SEC filings
Sales, Jun '26$77.7M-52% vs a year earlier
Sep '23Tap a barJun '26
Last 12 months: $404.5M, down 42% from the 12 months before. Over 5 years, sales shrank about 12% a year.
Business quality
The checklist Warren Buffett-style investors use. Annual numbers for 2025.- MissReturn on equity 15%+Earns a lot on the money owners have in the business.-108.0%
- PassDebt under half of equityNot relying on borrowed money.0.46x equity
- MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.-8.2%
- MissProfitable every yearSteady profits, not one good year.1 of 7 years
- PassFree cash flow positiveBrings in more cash than it spends to run and grow.$65.7M
- MissShare count not growingNot diluting owners. Falling means buybacks.+89.6% in 3 years
- MissGross margin 40%+Pricing power: sells for well above what it costs to make.7.4%
- Revenue
- $567.8M
- -38.2% vs prior year
- 5-year growth
- -11.8%/yr
- revenue, per year
- Total debt
- $17.7M
- 0.46x equity
- Current ratio
- 1.48x
- short-term assets / bills due
From annual reports filed with the SEC. A checklist is a starting point for research, not a verdict.
Latest quarter
Quarter ended Jun 30, 2026- Revenue
- $77.7M
- -51.6% YoY
- EPS
- -$1.94
- vs -$3.27
- Op. margin
- -10.6%
- -5.7 pts
- Gross margin
- 9.2%
- +0.3 pts
- Free cash flow
- -$25.9M
- Share count
- +43.9%
- vs a year ago
Insider rating
Last 90 days
No open-market insider buys or sells in the last 90 days.
Weekly insider trendNo trades to chart yet.
Filing buzz
Last 7 days vs normal
50/ 100
- This week
- 1
- Normal week
- 1.0
- vs normal
- 1.0x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
■SteadyThe share count changed with a stock split this quarter, so the change in holdings isn't comparable until next quarter.
Shares held by institutions1.7M
Sep '24Jun '26
Share count growthYearly rate, last 3 years
+23.8%Cash runwayAt last year's cash burn
Cash flow positiveDebt to equityLatest balance sheet: debt compared with what owners have
0.1x · $3.8M debtShares outstandingLatest reported
5MWhy elevated risk- Losing money
- Revenue down 38.2% from the year before
- Exchange listing notice (a delisting warning or a move to another exchange)
Next reportDue any dayEstimated from the same quarter last year
- Results filedAug 3
- Results filedApr 30
- Results filedFeb 23
- Results filedNov 3, 2025
- Results filedOct 20, 2025
Insider trades
Open-market buys and sells, last 90 days
No open-market buys or sells in 90 days. Grants and option exercises are left out.
"Owns after" is the insider's holding right after the trade. Pre-planned (10b5-1) sales are set up months ahead, a weaker signal.