Offerpad Solutions Inc. balance sheet
At the end of fiscal 2025, Offerpad Solutions Inc. had total assets of $155m, total liabilities of $117m and shareholders' equity of $38.2m. It held $26.5m in cash against $17.7m of debt: net cash of $8.9m.
Balance sheet
| Fiscal year | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMSept 2026 |
|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | 23 | 44 | 170 | 97 | 76 | 43 | 27 | 12 |
| Receivables | — | 2 | 6 | 2 | 10 | 4 | 8 | 5 |
| Inventory | — | 171 | 1,133 | 665 | 277 | 214 | 94 | 231 |
| Total current assets | — | 227 | 1,343 | 814 | 372 | 294 | 132 | 253 |
| Total assets | — | 236 | 1,353 | 825 | 380 | 313 | 155 | 274 |
| Accounts payable | — | 2 | 6 | 5 | 5 | 2 | 2 | 4 |
| Total current liabilities | — | 190 | 1,068 | 699 | 276 | 251 | 89 | 214 |
| Total debt | 0 | 0 | 4 | — | 0 | 21 | 18 | 3 |
| Total liabilities | — | 195 | 1,096 | 703 | 278 | 265 | 117 | 246 |
| Shareholders' equity | −122 | −143 | 258 | 122 | 102 | 48 | 38 | 28 |
| Non-controlling interests and other (assets − liabilities − equity) | — | 184 | — | — | — | — | — | — |
| Net debt (negative = net cash) | −23 | −44 | −166 | −97 | −76 | −22 | −9 | −10 |
| Quarter | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 | 2026 Q3Sept 2026 |
|---|---|---|---|---|---|---|---|---|
| Receivables | 4 | 6 | 8 | 7 | 8 | 8 | 6 | 5 |
| Inventory | 214 | 211 | 213 | 162 | 94 | 75 | 94 | 231 |
| Total current assets | 294 | 255 | 250 | 206 | 132 | 127 | 138 | 253 |
| Total assets | 313 | 274 | 268 | 223 | 155 | 150 | 160 | 274 |
| Accounts payable | 2 | 2 | 1 | 2 | 2 | 2 | 3 | 4 |
| Total current liabilities | 251 | 226 | 230 | 156 | 89 | 76 | 96 | 214 |
| Total liabilities | 265 | 240 | 243 | 184 | 117 | 104 | 123 | 246 |
| Shareholders' equity | 48 | 34 | 25 | 40 | 38 | 46 | 37 | 28 |
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