Offerpad Solutions (OPAD) Company Report

Offerpad reported revenue of $132.7 million and a net loss of $11.6 million for Q3 2025. The company's Adjusted EBITDA was ($4.6 million) for the same period.
In Q3 2025, Offerpad sold 367 homes and acquired 203 homes.
For Q4 2025, Offerpad expects revenue between $100 million and $125 million and homes sold between 300 and 350. Adjusted EBITDA is anticipated to be similar to Q3 2025.

Nov 3, 2025, 9:30 PM

Offerpad Reports Q3 2025 Results, Provides Q4 Guidance, and Announces New COO

OPAD

Earnings

Guidance Update

Management Change

Offerpad reported Q3 2025 revenue of $133 million from 367 homes sold, generating a gross profit of $9.3 million at a 7% gross margin.
Adjusted EBITDA improved sequentially by 4% to a loss of $4.6 million, with operating expenses (excluding property costs) reduced by 37% year-over-year to $12 million.
For Q4 2025, the company projects revenue between $100 million and $125 million and 300-350 homes sold, with Adjusted EBITDA expected to remain roughly in line with Q3 levels.
The company's intermediate-term goal is to reach approximately 1,000 real estate transactions per quarter to achieve profitability, anticipating that asset-light services will contribute over 50% of the transaction mix next year.
Offerpad announced the appointment of Chris Carpenter as Chief Operating Officer, effective Q3 2025, and plans to launch AI-driven picture recognition and smart scoping technology by year-end to enhance operational efficiency.

Nov 3, 2025, 9:30 PM

Offerpad Solutions Inc. Announces Q3 2025 Financial Results and Q4 2025 Outlook

OPAD

Earnings

Guidance Update

New Projects/Investments

Offerpad Solutions Inc. reported revenue of $132.7 million and a net loss of ($11.6 million) for the third quarter ended September 30, 2025.
The company's Adjusted EBITDA loss improved to ($4.6 million), a 4% sequential improvement, and operating expenses decreased by 38% year over year.
Offerpad strengthened its liquidity, with total liquidity exceeding $75 million and unrestricted cash at $31.0 million. Its asset-light services, including Offerpad Renovate, delivered $8.5 million in revenue, marking its highest quarterly revenue since the product's launch.
For Q4 2025, Offerpad expects revenue to be in the range of $100 million to $125 million and anticipates Adjusted EBITDA similar to Q3 2025.

Nov 3, 2025, 9:15 PM

Offerpad Announces Q3 2025 Financial Results and Q4 2025 Outlook

OPAD

Earnings

Guidance Update

Demand Weakening

Offerpad reported revenue of $132.7 million and a net loss of ($11.6 million) for the third quarter ended September 30, 2025.
The company strengthened its financial position with total liquidity exceeding $75 million and achieved a 38% year-over-year improvement in operating expenses.
Offerpad Renovate, an asset-light service, delivered its highest quarterly revenue to date at $8.5 million.
For Q4 2025, Offerpad expects revenue in the range of $100 million to $125 million and 300 to 350 homes sold.

Nov 3, 2025, 9:10 PM

Offerpad Solutions Inc. Announces Preliminary Q3 2025 Results and New Senior Secured Facility

OPAD

Earnings

Debt Issuance

Profit Warning

Offerpad Solutions Inc. entered into a new 18-month loan and security agreement in October 2025, providing an additional $15.0 million senior secured credit facility.
For the quarter ended September 30, 2025, the company announced preliminary estimated revenue of $132.7 million and a net loss of $(11.6) million.
Preliminary Adjusted EBITDA for Q3 2025 was estimated at $(4.6) million, with 367 homes sold.
As of September 30, 2025, cash and cash equivalents totaled $31.0 million.

Oct 20, 2025, 9:21 PM

Offerpad Solutions Inc. Enters Into $100 Million At-The-Market Equity Offering Agreement

OPAD

Offerpad Solutions Inc. entered into an Open Market Sale Agreement with Jefferies LLC on August 28, 2025.
This agreement allows the company to issue and sell shares of its Class A common stock with an aggregate offering price of up to $100,000,000.
Jefferies LLC will act as the sales agent and/or principal, earning a commission of 3.0% of the gross sales price per share.
The net cash proceeds from the sale are intended for general corporate purposes, including working capital and capital expenditures.
The company has set a minimum "Floor Price" of $1.00 per share for sales, unless Jefferies LLC provides prior written consent.