Offerpad Solutions Inc. (OPAD) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: April 30, 2026

Risk Assessment Details

Potential Dilution: 79.58% of current shares
Recent Dilution: 59.56% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
46M
Potential Supply
37M
Additional shares possible
Splits
None
Past 2 years

Summary

OPAD currently has 46.2M outstanding shares. with significant dilution risk as 36.8M authorized shares could dilute existing holders by 79.6%. The company has significantly diluted shareholders by 59.56% over the past 2 years, indicating aggressive capital raising.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
Apr 30, 2026

10-Q filing | 46.2M shares outstanding

46M 37M
Nov 03, 2025

10-Q filing | 36.9M shares outstanding

37M 37M
Aug 21, 2025

S-1 filing: This prospectus relates to the offer and resale from time to time by the selling stockholders of up to an aggregate of 1,428,571 shares of Class A common stock issuable upon the exercise of outstanding warrants.

28M 37M
Aug 04, 2025

10-Q filing | 27.8M shares outstanding

28M 35M
May 05, 2025

10-Q filing | 27.6M shares outstanding

28M 35M
Feb 25, 2025

10-K filing | 27.4M shares outstanding

27M 35M
Nov 04, 2024

10-Q filing | 27.4M shares outstanding

27M 35M
Aug 05, 2024

10-Q filing | 27.4M shares outstanding

27M 35M
May 06, 2024

10-Q filing | 27.3M shares outstanding

27M 35M
Feb 27, 2024

10-K filing | 26.4M shares outstanding

26M 35M
Nov 01, 2023

10-Q filing | 27.3M shares outstanding

27M 35M
Aug 02, 2023

10-Q filing | 27.3M shares outstanding

27M 35M
May 03, 2023

10-Q filing | 354.9M shares outstanding

350M 35M
Mar 30, 2023

S-3 filing: Offerpad Solutions Inc. is offering and selling up to $250,000,000 in the aggregate of Class A Common Stock, Preferred Stock, Debt Securities, Depositary Shares, Warrants, Purchase Contracts, and Units from time to time in one or more offerings.

250M 35M
Feb 28, 2023

10-K filing | 245.1M shares outstanding

250M 35M
Nov 02, 2022

10-Q filing | 247.1M shares outstanding

250M 35M
Oct 07, 2022

POS AM filing: This prospectus relates to the resale of shares of Class A common stock and warrants by selling securityholders and the issuance of shares of Class A common stock upon the exercise of outstanding warrants.

250M 35M
Aug 03, 2022

10-Q filing | 245.8M shares outstanding

250M 35M
May 04, 2022

10-Q filing | 240.1M shares outstanding

240M 35M
Mar 18, 2022

POS AM filing: This is a POS AM filing for Offerpad Solutions Inc. relating to the resale of Class A common stock and warrants by selling securityholders and the issuance of common stock upon the exercise of outstanding warrants.

220M 35M
Mar 07, 2022

10-K filing | 224.2M shares outstanding

220M 300M
Nov 10, 2021

10-Q filing | 223.5M shares outstanding

220M 300M
Sep 24, 2021

S-1 filing: Offerpad Solutions Inc. is offering 237,268,350 Shares of Class A Common Stock, 8,366,667 Warrants, and 21,783,304 Shares of Class A Common Stock Issuable Upon Exercise of Warrants.

220M 300M
Aug 16, 2021

10-Q filing | 40.3M shares outstanding

40M 35M
May 28, 2021

10-Q filing | 40.3M shares outstanding

40M 35M
Mar 31, 2021

10-K filing | 40.3M shares outstanding

40M 35M
Dec 04, 2020

10-Q filing | 40.3M shares outstanding

40M 35M
Oct 13, 2020

S-1/A filing: Supernova Partners Acquisition Company, Inc. is offering 30,000,000 units, each consisting of one share of Class A common stock and one-third of one redeemable warrant, in an initial public offering.

8.6M 35M
Sep 25, 2020

S-1 filing: Supernova Partners Acquisition Company, Inc. is offering 30,000,000 units at $10.00 per unit, each unit consisting of one share of Class A common stock and one-third of one redeemable warrant.

8.6M 35M
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