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Side-by-side financial comparison of Offerpad Solutions Inc. (OPAD) and Real Brokerage Inc (REAX). Click either name above to swap in a different company.

Real Brokerage Inc is the larger business by last-quarter revenue ($568.5M vs $114.1M, roughly 5.0× Offerpad Solutions Inc.). On growth, Real Brokerage Inc posted the faster year-over-year revenue change (52.6% vs -34.5%). Offerpad Solutions Inc. produced more free cash flow last quarter ($65.7M vs $8.4M).

Offerpad Solutions Inc is a prominent U.S. proptech firm focused on simplifying residential real estate transactions. Operating under the iBuyer model, it purchases homes directly from sellers, conducts required renovations, and resells properties to buyers. It also provides supporting services including mortgage assistance, title services, and flexible moving options for clients across dozens of U.S. states.

Anywhere Real Estate Inc., formerly Realogy, was an American real estate services firm. It operated and franchised real estate brands that provided brokerage, relocation, title, insurance, and settlement services. Brands included Better Homes and Gardens Real Estate, Century 21 Real Estate, Coldwell Banker, Corcoran Group, ERA Real Estate and Sotheby's International Realty. In 2026, the company was acquired by Compass, Inc.

OPAD vs REAX — Head-to-Head

Bigger by revenue
REAX
REAX
5.0× larger
REAX
$568.5M
$114.1M
OPAD
Growing faster (revenue YoY)
REAX
REAX
+87.2% gap
REAX
52.6%
-34.5%
OPAD
More free cash flow
OPAD
OPAD
$57.3M more FCF
OPAD
$65.7M
$8.4M
REAX

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
OPAD
OPAD
REAX
REAX
Revenue
$114.1M
$568.5M
Net Profit
$-447.0K
Gross Margin
7.0%
7.9%
Operating Margin
-0.1%
Net Margin
-0.1%
Revenue YoY
-34.5%
52.6%
Net Profit YoY
49.1%
82.7%
EPS (diluted)
$0.00

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
OPAD
OPAD
REAX
REAX
Q4 25
$114.1M
Q3 25
$132.7M
$568.5M
Q2 25
$160.3M
$540.7M
Q1 25
$160.7M
$354.0M
Q4 24
$174.3M
Q3 24
$208.1M
$372.5M
Q2 24
$251.1M
Q1 24
$285.4M
$200.7M
Net Profit
OPAD
OPAD
REAX
REAX
Q4 25
Q3 25
$-11.6M
$-447.0K
Q2 25
$-10.9M
$1.5M
Q1 25
$-15.1M
$-5.0M
Q4 24
$-17.3M
Q3 24
$-13.5M
$-2.6M
Q2 24
$-13.8M
Q1 24
$-17.5M
$-16.1M
Gross Margin
OPAD
OPAD
REAX
REAX
Q4 25
7.0%
Q3 25
7.0%
7.9%
Q2 25
8.9%
8.9%
Q1 25
6.5%
9.6%
Q4 24
6.1%
Q3 24
8.2%
8.6%
Q2 24
8.7%
Q1 24
7.9%
10.3%
Operating Margin
OPAD
OPAD
REAX
REAX
Q4 25
Q3 25
-5.1%
-0.1%
Q2 25
-4.9%
0.3%
Q1 25
-7.2%
-1.5%
Q4 24
-7.8%
Q3 24
-4.3%
-0.7%
Q2 24
-3.9%
Q1 24
-4.8%
-7.8%
Net Margin
OPAD
OPAD
REAX
REAX
Q4 25
Q3 25
-8.7%
-0.1%
Q2 25
-6.8%
0.3%
Q1 25
-9.4%
-1.4%
Q4 24
-9.9%
Q3 24
-6.5%
-0.7%
Q2 24
-5.5%
Q1 24
-6.1%
-8.0%
EPS (diluted)
OPAD
OPAD
REAX
REAX
Q4 25
Q3 25
$-0.37
$0.00
Q2 25
$-0.39
$0.01
Q1 25
$-0.55
$-0.02
Q4 24
$-0.64
Q3 24
$-0.49
$-0.01
Q2 24
$-0.50
Q1 24
$-0.64
$-0.09

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
OPAD
OPAD
REAX
REAX
Cash + ST InvestmentsLiquidity on hand
$26.5M
$38.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$38.2M
$53.6M
Total Assets
$154.8M
$145.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
OPAD
OPAD
REAX
REAX
Q4 25
$26.5M
Q3 25
$31.0M
$38.7M
Q2 25
$22.6M
$49.7M
Q1 25
$30.8M
$24.7M
Q4 24
$43.0M
Q3 24
$48.5M
$22.6M
Q2 24
$56.9M
Q1 24
$68.5M
$20.1M
Stockholders' Equity
OPAD
OPAD
REAX
REAX
Q4 25
$38.2M
Q3 25
$39.9M
$53.6M
Q2 25
$24.5M
$49.2M
Q1 25
$34.2M
$32.8M
Q4 24
$47.7M
Q3 24
$64.7M
$29.8M
Q2 24
$77.6M
Q1 24
$88.1M
$25.6M
Total Assets
OPAD
OPAD
REAX
REAX
Q4 25
$154.8M
Q3 25
$223.5M
$145.2M
Q2 25
$268.0M
$149.4M
Q1 25
$274.5M
$100.5M
Q4 24
$313.1M
Q3 24
$338.5M
$102.5M
Q2 24
$406.6M
Q1 24
$369.7M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
OPAD
OPAD
REAX
REAX
Operating Cash FlowLast quarter
$66.8M
$8.8M
Free Cash FlowOCF − Capex
$65.7M
$8.4M
FCF MarginFCF / Revenue
57.6%
1.5%
Capex IntensityCapex / Revenue
0.9%
0.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$71.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
OPAD
OPAD
REAX
REAX
Q4 25
$66.8M
Q3 25
$40.0M
$8.8M
Q2 25
$-13.5M
$41.0M
Q1 25
$-10.2M
$15.9M
Q4 24
$20.8M
Q3 24
$39.6M
$7.2M
Q2 24
$-54.4M
Q1 24
$2.4M
$21.5M
Free Cash Flow
OPAD
OPAD
REAX
REAX
Q4 25
$65.7M
Q3 25
$8.4M
Q2 25
$-13.6M
$40.8M
Q1 25
$-11.2M
$15.7M
Q4 24
$15.4M
Q3 24
$38.7M
$6.8M
Q2 24
$-54.4M
Q1 24
$2.0M
$21.4M
FCF Margin
OPAD
OPAD
REAX
REAX
Q4 25
57.6%
Q3 25
1.5%
Q2 25
-8.5%
7.5%
Q1 25
-7.0%
4.4%
Q4 24
8.9%
Q3 24
18.6%
1.8%
Q2 24
-21.7%
Q1 24
0.7%
10.7%
Capex Intensity
OPAD
OPAD
REAX
REAX
Q4 25
0.9%
Q3 25
0.0%
0.1%
Q2 25
0.1%
0.0%
Q1 25
0.6%
0.1%
Q4 24
3.1%
Q3 24
0.4%
0.1%
Q2 24
0.0%
Q1 24
0.1%
0.0%
Cash Conversion
OPAD
OPAD
REAX
REAX
Q4 25
Q3 25
Q2 25
27.13×
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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