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Offerpad Solutions Inc.（OPAD）与Real Brokerage Inc（REAX）财务数据对比。点击上方公司名可切换其他公司
Real Brokerage Inc的季度营收约是Offerpad Solutions Inc.的5.0倍（$568.5M vs $114.1M），Real Brokerage Inc同比增速更快（52.6% vs -34.5%），Offerpad Solutions Inc.自由现金流更多（$65.7M vs $8.4M）
Offerpad Solutions Inc是美国知名房地产科技企业，专注于简化住宅房产交易流程，采用iBuyer模式直接向卖家收购房屋，完成翻新后挂牌出售，同时提供按揭、产权服务、灵活搬迁方案等配套服务，业务覆盖美国数十个州。
该企业是美国房产服务企业，主营房产经纪业务运营与品牌特许经营，业务覆盖房产中介、 relocation服务、产权服务、保险及结算服务，旗下拥有Better Homes and Gardens Real Estate、21世纪不动产、Coldwell Banker、Corcoran Group、ERA房地产以及苏富比国际地产等多个知名品牌，2026年被Compass, Inc.收购。
OPAD vs REAX — 直观对比
营收规模更大
REAX
是对方的5.0倍
$114.1M
营收增速更快
REAX
高出87.2%
-34.5%
自由现金流更多
OPAD
多$57.3M
$8.4M
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $114.1M | $568.5M |
| 净利润 | — | $-447.0K |
| 毛利率 | 7.0% | 7.9% |
| 营业利润率 | — | -0.1% |
| 净利率 | — | -0.1% |
| 营收同比 | -34.5% | 52.6% |
| 净利润同比 | 49.1% | 82.7% |
| 每股收益（稀释后） | — | $0.00 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收OPADREAX
| 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 |
净利润OPADREAX
| 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 |
毛利率OPADREAX
| 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% |
营业利润率OPADREAX
| 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% |
净利率OPADREAX
| 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% |
每股收益（稀释后）OPADREAX
| 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 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $26.5M | $38.7M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $38.2M | $53.6M |
| 总资产 | $154.8M | $145.2M |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资OPADREAX
| 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 |
股东权益OPADREAX
| 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 |
总资产OPADREAX
| 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 | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $66.8M | $8.8M |
| 自由现金流经营现金流 - 资本支出 | $65.7M | $8.4M |
| 自由现金流率自由现金流/营收 | 57.6% | 1.5% |
| 资本支出强度资本支出/营收 | 0.9% | 0.1% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | — | $71.7M |
8季度趋势，按日历期对齐
经营现金流OPADREAX
| 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 |
自由现金流OPADREAX
| 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 |
自由现金流率OPADREAX
| 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% |
资本支出强度OPADREAX
| 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% |
现金转化率OPADREAX
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 27.13× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
