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Side-by-side financial comparison of Offerpad Solutions Inc. (OPAD) and SHENANDOAH TELECOMMUNICATIONS CO (SHEN). Click either name above to swap in a different company.

Offerpad Solutions Inc. is the larger business by last-quarter revenue ($114.1M vs $91.6M, roughly 1.2× SHENANDOAH TELECOMMUNICATIONS CO). On growth, SHENANDOAH TELECOMMUNICATIONS CO posted the faster year-over-year revenue change (7.2% vs -34.5%). Offerpad Solutions Inc. produced more free cash flow last quarter ($65.7M vs $-78.6M). Over the past eight quarters, SHENANDOAH TELECOMMUNICATIONS CO's revenue compounded faster (15.0% CAGR vs -36.8%).

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.

Shenandoah Telecommunications Co is a U.S. regional telecom provider offering broadband internet, wireless voice/data services, digital cable TV, and fiber-optic solutions. It serves residential, small business and enterprise clients across Mid-Atlantic states, focusing on underserved rural and suburban markets in Virginia, West Virginia, Maryland and Pennsylvania.

OPAD vs SHEN — Head-to-Head

Bigger by revenue
OPAD
OPAD
1.2× larger
OPAD
$114.1M
$91.6M
SHEN
Growing faster (revenue YoY)
SHEN
SHEN
+41.8% gap
SHEN
7.2%
-34.5%
OPAD
More free cash flow
OPAD
OPAD
$144.3M more FCF
OPAD
$65.7M
$-78.6M
SHEN
Faster 2-yr revenue CAGR
SHEN
SHEN
Annualised
SHEN
15.0%
-36.8%
OPAD

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
OPAD
OPAD
SHEN
SHEN
Revenue
$114.1M
$91.6M
Net Profit
$-5.4M
Gross Margin
7.0%
Operating Margin
-1.0%
Net Margin
-5.9%
Revenue YoY
-34.5%
7.2%
Net Profit YoY
49.1%
-95.8%
EPS (diluted)
$-0.13

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
SHEN
SHEN
Q4 25
$114.1M
$91.6M
Q3 25
$132.7M
$89.8M
Q2 25
$160.3M
$88.6M
Q1 25
$160.7M
$87.9M
Q4 24
$174.3M
$85.4M
Q3 24
$208.1M
$87.6M
Q2 24
$251.1M
$85.8M
Q1 24
$285.4M
$69.2M
Net Profit
OPAD
OPAD
SHEN
SHEN
Q4 25
$-5.4M
Q3 25
$-11.6M
$-9.4M
Q2 25
$-10.9M
$-9.0M
Q1 25
$-15.1M
$-9.1M
Q4 24
$-17.3M
$-2.7M
Q3 24
$-13.5M
$-5.3M
Q2 24
$-13.8M
$-12.9M
Q1 24
$-17.5M
$214.7M
Gross Margin
OPAD
OPAD
SHEN
SHEN
Q4 25
7.0%
Q3 25
7.0%
Q2 25
8.9%
Q1 25
6.5%
Q4 24
6.1%
Q3 24
8.2%
Q2 24
8.7%
Q1 24
7.9%
Operating Margin
OPAD
OPAD
SHEN
SHEN
Q4 25
-1.0%
Q3 25
-5.1%
-8.0%
Q2 25
-4.9%
-10.3%
Q1 25
-7.2%
-6.9%
Q4 24
-7.8%
-6.7%
Q3 24
-4.3%
-4.8%
Q2 24
-3.9%
-18.5%
Q1 24
-4.8%
-4.0%
Net Margin
OPAD
OPAD
SHEN
SHEN
Q4 25
-5.9%
Q3 25
-8.7%
-10.5%
Q2 25
-6.8%
-10.2%
Q1 25
-9.4%
-10.4%
Q4 24
-9.9%
-3.2%
Q3 24
-6.5%
-6.0%
Q2 24
-5.5%
-15.0%
Q1 24
-6.1%
310.0%
EPS (diluted)
OPAD
OPAD
SHEN
SHEN
Q4 25
$-0.13
Q3 25
$-0.37
$-0.20
Q2 25
$-0.39
$-0.19
Q1 25
$-0.55
$-0.19
Q4 24
$-0.64
$-0.34
Q3 24
$-0.49
$-0.13
Q2 24
$-0.50
$-0.24
Q1 24
$-0.64
$4.25

Balance Sheet & Financial Strength

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

Metric
OPAD
OPAD
SHEN
SHEN
Cash + ST InvestmentsLiquidity on hand
$26.5M
$27.3M
Total DebtLower is stronger
$642.4M
Stockholders' EquityBook value
$38.2M
$880.8M
Total Assets
$154.8M
$1.9B
Debt / EquityLower = less leverage
0.73×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
OPAD
OPAD
SHEN
SHEN
Q4 25
$26.5M
$27.3M
Q3 25
$31.0M
$22.6M
Q2 25
$22.6M
$29.1M
Q1 25
$30.8M
$87.5M
Q4 24
$43.0M
$46.3M
Q3 24
$48.5M
$43.1M
Q2 24
$56.9M
$43.8M
Q1 24
$68.5M
$389.7M
Total Debt
OPAD
OPAD
SHEN
SHEN
Q4 25
$642.4M
Q3 25
$535.4M
Q2 25
$513.1M
Q1 25
$515.8M
Q4 24
$418.0M
Q3 24
$345.2M
Q2 24
$297.4M
Q1 24
$298.7M
Stockholders' Equity
OPAD
OPAD
SHEN
SHEN
Q4 25
$38.2M
$880.8M
Q3 25
$39.9M
$892.7M
Q2 25
$24.5M
$902.0M
Q1 25
$34.2M
$910.5M
Q4 24
$47.7M
$918.6M
Q3 24
$64.7M
$925.4M
Q2 24
$77.6M
$933.1M
Q1 24
$88.1M
$871.6M
Total Assets
OPAD
OPAD
SHEN
SHEN
Q4 25
$154.8M
$1.9B
Q3 25
$223.5M
$1.9B
Q2 25
$268.0M
$1.8B
Q1 25
$274.5M
$1.8B
Q4 24
$313.1M
$1.7B
Q3 24
$338.5M
$1.7B
Q2 24
$406.6M
$1.7B
Q1 24
$369.7M
$1.4B
Debt / Equity
OPAD
OPAD
SHEN
SHEN
Q4 25
0.73×
Q3 25
0.60×
Q2 25
0.57×
Q1 25
0.57×
Q4 24
0.46×
Q3 24
0.37×
Q2 24
0.32×
Q1 24
0.34×

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
SHEN
SHEN
Operating Cash FlowLast quarter
$66.8M
$28.8M
Free Cash FlowOCF − Capex
$65.7M
$-78.6M
FCF MarginFCF / Revenue
57.6%
-85.8%
Capex IntensityCapex / Revenue
0.9%
117.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-257.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
OPAD
OPAD
SHEN
SHEN
Q4 25
$66.8M
$28.8M
Q3 25
$40.0M
$30.7M
Q2 25
$-13.5M
$20.9M
Q1 25
$-10.2M
$20.5M
Q4 24
$20.8M
$20.6M
Q3 24
$39.6M
$24.3M
Q2 24
$-54.4M
$2.5M
Q1 24
$2.4M
$15.2M
Free Cash Flow
OPAD
OPAD
SHEN
SHEN
Q4 25
$65.7M
$-78.6M
Q3 25
$-51.4M
Q2 25
$-13.6M
$-65.3M
Q1 25
$-11.2M
$-62.7M
Q4 24
$15.4M
$-72.0M
Q3 24
$38.7M
$-51.3M
Q2 24
$-54.4M
$-78.3M
Q1 24
$2.0M
$-54.9M
FCF Margin
OPAD
OPAD
SHEN
SHEN
Q4 25
57.6%
-85.8%
Q3 25
-57.2%
Q2 25
-8.5%
-73.7%
Q1 25
-7.0%
-71.3%
Q4 24
8.9%
-84.3%
Q3 24
18.6%
-58.5%
Q2 24
-21.7%
-91.3%
Q1 24
0.7%
-79.3%
Capex Intensity
OPAD
OPAD
SHEN
SHEN
Q4 25
0.9%
117.2%
Q3 25
0.0%
91.4%
Q2 25
0.1%
97.3%
Q1 25
0.6%
94.7%
Q4 24
3.1%
108.4%
Q3 24
0.4%
86.2%
Q2 24
0.0%
94.2%
Q1 24
0.1%
101.2%
Cash Conversion
OPAD
OPAD
SHEN
SHEN
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
0.07×

Financial Flow Comparison

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

Revenue Breakdown by Segment

OPAD
OPAD

Segment breakdown not available.

SHEN
SHEN

Residential And SMB Incumbent Broadband$41.5M45%
Residential And SMB Glo Fiber Expansion Markets$23.0M25%
Commercial Fiber$20.3M22%
RLEC Other$6.8M7%

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