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Side-by-side financial comparison of Offerpad Solutions Inc. (OPAD) and Veris Residential, Inc. (VRE). Click either name above to swap in a different company.

Offerpad Solutions Inc. is the larger business by last-quarter revenue ($114.1M vs $70.1M, roughly 1.6× Veris Residential, Inc.). On growth, Veris Residential, Inc. posted the faster year-over-year revenue change (3.5% vs -34.5%). Over the past eight quarters, Veris Residential, Inc.'s revenue compounded faster (1.9% 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.

Veris Residential, Inc. is an American real estate investment trust headquartered in Jersey City, New Jersey, investing primarily in apartments in New Jersey and Boston.

OPAD vs VRE — Head-to-Head

Bigger by revenue
OPAD
OPAD
1.6× larger
OPAD
$114.1M
$70.1M
VRE
Growing faster (revenue YoY)
VRE
VRE
+38.0% gap
VRE
3.5%
-34.5%
OPAD
Faster 2-yr revenue CAGR
VRE
VRE
Annualised
VRE
1.9%
-36.8%
OPAD

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
OPAD
OPAD
VRE
VRE
Revenue
$114.1M
$70.1M
Net Profit
$-14.0M
Gross Margin
7.0%
95.9%
Operating Margin
-22.2%
Net Margin
-20.0%
Revenue YoY
-34.5%
3.5%
Net Profit YoY
49.1%
-30.9%
EPS (diluted)
$-0.15

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
VRE
VRE
Q1 26
$70.1M
Q4 25
$114.1M
$71.3M
Q3 25
$132.7M
$73.4M
Q2 25
$160.3M
$75.9M
Q1 25
$160.7M
$67.8M
Q4 24
$174.3M
$68.1M
Q3 24
$208.1M
$68.2M
Q2 24
$251.1M
$67.5M
Net Profit
OPAD
OPAD
VRE
VRE
Q1 26
$-14.0M
Q4 25
$-203.0K
Q3 25
$-11.6M
$75.2M
Q2 25
$-10.9M
$10.9M
Q1 25
$-15.1M
$-10.7M
Q4 24
$-17.3M
$-12.4M
Q3 24
$-13.5M
$-9.7M
Q2 24
$-13.8M
$2.9M
Gross Margin
OPAD
OPAD
VRE
VRE
Q1 26
95.9%
Q4 25
7.0%
97.2%
Q3 25
7.0%
96.8%
Q2 25
8.9%
97.2%
Q1 25
6.5%
95.9%
Q4 24
6.1%
97.1%
Q3 24
8.2%
96.9%
Q2 24
8.7%
97.3%
Operating Margin
OPAD
OPAD
VRE
VRE
Q1 26
-22.2%
Q4 25
-0.9%
Q3 25
-5.1%
Q2 25
-4.9%
15.8%
Q1 25
-7.2%
-20.4%
Q4 24
-7.8%
-21.9%
Q3 24
-4.3%
-16.2%
Q2 24
-3.9%
2.2%
Net Margin
OPAD
OPAD
VRE
VRE
Q1 26
-20.0%
Q4 25
-0.3%
Q3 25
-8.7%
102.4%
Q2 25
-6.8%
14.4%
Q1 25
-9.4%
-15.8%
Q4 24
-9.9%
-18.3%
Q3 24
-6.5%
-14.2%
Q2 24
-5.5%
4.3%
EPS (diluted)
OPAD
OPAD
VRE
VRE
Q1 26
$-0.15
Q4 25
$0.00
Q3 25
$-0.37
$0.80
Q2 25
$-0.39
$0.12
Q1 25
$-0.55
$-0.12
Q4 24
$-0.64
$-0.14
Q3 24
$-0.49
$-0.10
Q2 24
$-0.50
$0.03

Balance Sheet & Financial Strength

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

Metric
OPAD
OPAD
VRE
VRE
Cash + ST InvestmentsLiquidity on hand
$26.5M
$9.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$38.2M
$1.1B
Total Assets
$154.8M
$2.7B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
OPAD
OPAD
VRE
VRE
Q1 26
$9.4M
Q4 25
$26.5M
$14.1M
Q3 25
$31.0M
$8.8M
Q2 25
$22.6M
$11.4M
Q1 25
$30.8M
$7.6M
Q4 24
$43.0M
$7.3M
Q3 24
$48.5M
$12.8M
Q2 24
$56.9M
$18.4M
Total Debt
OPAD
OPAD
VRE
VRE
Q1 26
Q4 25
$1.4B
Q3 25
Q2 25
Q1 25
Q4 24
$1.7B
Q3 24
Q2 24
Stockholders' Equity
OPAD
OPAD
VRE
VRE
Q1 26
$1.1B
Q4 25
$38.2M
$1.2B
Q3 25
$39.9M
$1.2B
Q2 25
$24.5M
$1.1B
Q1 25
$34.2M
$1.1B
Q4 24
$47.7M
$1.1B
Q3 24
$64.7M
$1.1B
Q2 24
$77.6M
$1.1B
Total Assets
OPAD
OPAD
VRE
VRE
Q1 26
$2.7B
Q4 25
$154.8M
$2.7B
Q3 25
$223.5M
$2.8B
Q2 25
$268.0M
$3.1B
Q1 25
$274.5M
$3.0B
Q4 24
$313.1M
$3.0B
Q3 24
$338.5M
$3.0B
Q2 24
$406.6M
$3.0B
Debt / Equity
OPAD
OPAD
VRE
VRE
Q1 26
Q4 25
1.18×
Q3 25
Q2 25
Q1 25
Q4 24
1.52×
Q3 24
Q2 24

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
VRE
VRE
Operating Cash FlowLast quarter
$66.8M
$14.0M
Free Cash FlowOCF − Capex
$65.7M
FCF MarginFCF / Revenue
57.6%
Capex IntensityCapex / Revenue
0.9%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
OPAD
OPAD
VRE
VRE
Q1 26
$14.0M
Q4 25
$66.8M
$76.0M
Q3 25
$40.0M
$13.5M
Q2 25
$-13.5M
$23.8M
Q1 25
$-10.2M
$13.2M
Q4 24
$20.8M
$52.3M
Q3 24
$39.6M
$13.9M
Q2 24
$-54.4M
$10.8M
Free Cash Flow
OPAD
OPAD
VRE
VRE
Q1 26
Q4 25
$65.7M
Q3 25
Q2 25
$-13.6M
Q1 25
$-11.2M
Q4 24
$15.4M
Q3 24
$38.7M
Q2 24
$-54.4M
FCF Margin
OPAD
OPAD
VRE
VRE
Q1 26
Q4 25
57.6%
Q3 25
Q2 25
-8.5%
Q1 25
-7.0%
Q4 24
8.9%
Q3 24
18.6%
Q2 24
-21.7%
Capex Intensity
OPAD
OPAD
VRE
VRE
Q1 26
Q4 25
0.9%
Q3 25
0.0%
Q2 25
0.1%
Q1 25
0.6%
Q4 24
3.1%
Q3 24
0.4%
Q2 24
0.0%
Cash Conversion
OPAD
OPAD
VRE
VRE
Q1 26
Q4 25
Q3 25
0.18×
Q2 25
2.18×
Q1 25
Q4 24
Q3 24
Q2 24
3.71×

Financial Flow Comparison

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

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