Offerpad
ProptechUSA
New to Unitard
📉 Public < $1B
Peak $3 BillionToday
−100%
from peak
- 🦄Became a unicorn2021
- 📈Peak valuation$3 Billion ’21
- 💔Became a Unitard~2022
- 💸Last valuation~$16.5M
Current status
Public (OPAD)
Live · OPAD· NasdaqCM
as of 2026-09-21
$3.41▼ 6.06% today
≈ $16.5 Million market cap · −99.5% from peak
The rise & fall
5 moments · 2015–2023The key moments, with employee sentiment along the way.
2015
2015
Founded in Arizona
Real-estate veteran Brian Bair's pitch: skip the listing — sell your house for instant cash and close on your own schedule.
Wikipedia
2021
2021
The peak: a ~$3B iBuying debut$3B
Goes public via Spencer Rascoff's Supernova SPAC near a $3B valuation, at the top of the pandemic housing frenzy.
stockanalysis.com
2022
2022
Slips out of the club
Rates spike, the housing market stalls, and margins on flipping homes collapse.
stockanalysis.com
2022–23
From the inside · Glassdoor reviews, 2022–23
Employee reviews from the 2022–23 downturn describe the whipsaw inside: several hundred positions cut within a few months as rates spiked, layoff rounds that kept returning after staff said they had been told no more were coming, and commission and pay structures rewritten so often that agents struggled to keep up.
2023
2023
Reverse split to hold the listing
A reverse split props up the share price; the stock settles into a ~$30M micro-cap — roughly 1% of the peak.
stockanalysis.com
Today
Today
Still in the club — and still trading
Live · OPAD · NasdaqCMas of 2026-09-21
$3.41▼ 6.06% today≈ $16.5M cap · −99.5% from peak
💬 entries paraphrase anonymous, unverified reviews posted publicly on Glassdoor ↗; dated facts carry their source.
How it happened
Offerpad is a US iBuyer that makes instant cash offers on homes, valued near $3B after going public via SPAC in 2021. The model proved vulnerable to the housing slowdown and rising rates, which hit margins on home flipping, and the stock collapsed roughly 99% to a micro-cap after a reverse split and steep losses.
Source: stockanalysis.com
Founder
Current roles as self-reported on LinkedIn, retrieved 2026-08-19. See our methodology.
