as of 09-02-2026 11:42am EST
Offerpad Solutions Inc provides a way to buy and sell a home. It uses technology-enabled solutions to remake the home selling and buying experience by offering customers the convenience, control, and certainty to solve their housing needs. It combines fundamental real estate expertise with the data-driven digital Solutions Center platform to efficiently sell and buy their homes online with streamlined access to other services, including mortgage, listing, renovation, and buyer representation services.
| Founded: | 2015 | Country: | United States |
| Employees: | N/A | City: | TEMPE |
| Market Cap: | 24.5M | IPO Year: | 2020 |
| Target Price: | $1.83 | AVG Volume (30 days): | 52.7K |
| Analyst Decision: | Buy | Number of Analysts: | 4 |
| Dividend Yield: | N/A | Dividend Payout Frequency: | N/A |
| EPS: | -4.13 | EPS Growth: | 33.92 |
| 52 Week Low/High: | $0.54 - $6.09 | Next Earning Date: | 04-30-2026 |
| Revenue: | $567,812,000 | Revenue Growth: | -38.20% |
| Revenue Growth (this year): | -5.4% | Revenue Growth (next year): | 32.08% |
| P/E Ratio: | -0.99 | Index: | N/A |
| Free Cash Flow: | 65.7M | FCF Growth: | +326.13% |
SEC 8-K filings with transcript text
Aug 3, 2026 · 100% conf.
1D
-9.87%
$3.29
Act: +36.16%
5D
-16.95%
$3.03
Act: +29.86%
20D
-19.45%
$2.94
2 opad-ex99_1.htm
Exhibit 99.1
The Buying Engine Is Back On: Offerpad Announces Q2 2026 Results With Multi-Year High Margins and Accelerating Signings TEMPE, Ariz. – August 3, 2026 – Offerpad Solutions Inc. (NYSE: OPAD), a leading tech-enabled real estate solutions company, today reported financial results for the second quarter ended June 30, 2026.
During the quarter, Offerpad generated $78 million in revenue on 295 closed real estate transactions. Net loss was $9.3 million, and Adjusted EBITDA was a loss of $6.2 million, a sequential improvement, and the Company’s second consecutive quarter of progress toward positive Adjusted EBITDA. Gross margin improved to 9.2% from 6.9% in the first quarter, its highest level since the third quarter of 2023, driven by improved Cash Offer margins and continued growth in higher-margin services, which reached 30% of real estate transactions, up from 20% in the first quarter.
Volume built steadily through the second quarter, with contract signings growing from 129 in April, to 163 in May, and 256 in June — nearly double where signings started. In June, roughly one in three post-inspection final offers converted to a signed contract; and based on recent cohorts, approximately 90% of signed contracts convert to an acquisition. This growing pipeline is expected to drive higher transaction volume in the second half of fiscal 2026, as homes typically sell within 120 to 150 days after signing.
“For the past year, we’ve been executing against one clear operating framework, built around three objectives: disciplined transaction growth, expanding contribution margin, and operating leverage. That work is showing up now — the buying engine is back on, and every home we acquire reflects the discipline we built this business on,” said Brian Bair, Chairman and Chief Executive Officer of Offerpad. “The progress is reflected in our second quarter results, with contract signings nearly doubling within the quarter, while demand remained consistent. We expect that momentum to move through the transaction cycle and into future closings, and believe the operating leverage built into the business becomes increasingly evident.”
Offerpad’s Operating Plan is anchored by three objectives that guide how the Company sets priorities, deploys capital and evaluates performance. Each has been reflected in how the Company has operated and reported over the past year:
• Scale transactions through disciplined growth. Restore volume through improved home selection, sharper pricing in faster-selling segments and higher funnel conversion, with a target of approximately 1,000 transactions per quarter, the level at which the Company believes its current cost structure can support Adjusted EBITDA breakeven.
• Expand contribution margin across homes and services. Improve pricing precision, reduce holding periods and grow higher-margin, fee-based revenue. In the second quarter, contribution profit after interest per real estate transaction improved to $13,500, up from $5,500 in the first quarter and its highest level since the third quarter of 2023.
• Drive operating leverage as volume scales. Maintain a structurally lower cost base, with over $140 million in annualized expenses removed since 2022, while scaling expected transaction volume with the goal of creating greater operating leverage and improving the path to profitability.
“Second quarter results demonstrate continued improvement in the underlying economics of the business. Contribution profit after interest reached $13,500 per real estate transaction, our highest level in nearly three years, while Adjusted EBITDA improved sequentially for the second consecutive quarter. We’re also seeing real improvement in the metrics that drive future performance — average time to cash improved to 119 days in June, within our target range,” said Peter Knag, Chief Financial Officer of Offerpad.
Looking Ahead
Offerpad’s objective is unchanged: to exit 2026 at a run-rate of approximately 1,000 home transactions per quarter across Cash Offer, Cash Offer Marketplace, and Brokerage Services, excluding Renovate, and at a run-rate of positive Adjusted EBITDA.
For the third quarter of 2026, Offerpad expects revenue in the range of $90 million to $100 million, with 350-400 real estate transactions (19-36% sequential increase), and anticipates Adjusted EBITDA to improve sequentially.
The Company also published an Operating Plan, offering investors a closer look at how Offerpad thinks about the business — the priorities guiding its decisions and the way it measures progress over time. The plan is available at investor.offerpad.com.
For additional information, please refer to Offerpad’s full financial results available at investor.offerpad.com.
Q2 2026 Financial Results (year over year)
Percentage Change
Homes acquired
268
443
(40%)
Homes sold
206
452
(54%)
Total real estate transactions1
295
568
(48%)
Revenu
Apr 30, 2026
2 d112145dex991.htm
Exhibit 99.1
Offerpad Announces Q1 2026 Financial Results
Delivers Consistent Execution with Growing Platform Momentum and Continued Progress Toward Profitability
TEMPE, Ariz. – April 30, 2026 – Offerpad Solutions Inc. (NYSE: OPAD), a leading tech-enabled real estate solutions company, today reported financial results for the first quarter ended March 31, 2026.
During the quarter, Offerpad generated $80.1 million in revenue and closed 263 real estate transactions. Results reflect continued execution against the Company’s 2026 priorities, including growing engagement across its multi-solution platform, improving conversion, and advancing its AI-driven operating capabilities to support more efficient, scalable growth.
“We’ve made meaningful progress in how Offerpad operates and serves customers,” said Brian Bair, Chairman and Chief Executive Officer of Offerpad. “Across our platform, we believe each of our solutions is expanding our ability to serve more sellers, improve conversion, and create a consistent experience from first engagement through close. As we move through 2026, we remain focused on disciplined execution, delivering the right solution for each customer, and scaling the business with efficiency and consistency.”
Offerpad serves customers through four solutions with distinct margin profiles, operating characteristics, and capital requirements. Together, they broaden reach, improve conversion, and allow the Company to deploy capital with discipline.
•
Cash Offer is the foundation of the platform, providing sellers with pricing certainty and control while operating within disciplined risk, margin, and hold-period guardrails.
•
Cash Offer Marketplace expands buyer demand beyond Offerpad’s balance sheet by connecting homes with a growing network of professional capital providers. This increases bid depth, improves execution certainty, and generates fee-based revenue.
•
Brokerage Services, including HomePro, the Agent Partnership Program, and the Homebuilder Program, guide sellers to the right solution while improving retention and conversion across the platform. In the first quarter of 2026, referral volume exceeded full-year 2025 levels, highlighting accelerating engagement and the growing role of Brokerage Services in driving platform performance.
•
Renovate is a fee-based services business delivering strong
margins while supporting both internal transactions and third-party partners generating 20% to 30% margins. It produced $27 million in revenue in 2025, up approximately 50% year over year, and during the first quarter of 2026 expanded partner relationships that we believe contribute to a solid foundation for continued growth.
“Our first quarter results reflect continued progress in building a more disciplined and predictable operating model,” said Peter Knag, Chief Financial Officer of Offerpad. “We delivered within our guidance range, improved our cost structure, and reduced our Adjusted EBITDA loss sequentially. As we scale transaction volumes and continue to improve conversion, we expect operating leverage to increase and drive continued progress toward profitability.”
Looking Ahead
Offerpad’s objective is to exit 2026 at a run-rate of approximately 1,000 home transactions per quarter across Cash Offer, Cash Offer Marketplace, and Brokerage Services, excluding Renovate.
For the second quarter of 2026, Offerpad expects revenue in the range of $80 million to $90 million, with 300-350 real estate transactions (14-33% sequential increase), and anticipates Adjusted EBITDA to improve sequentially, reaching Adjusted EBITDA positive before the end of 2026.
For additional information, please refer to Offerpad’s full financial results available at investor.offerpad.com.
Q1 2026 Financial Results (year over year)
Percentage Change
Homes acquired
159
454
(65 %)
Homes sold
211
460
(54 %)
Total real estate transactions1
263
519
(49 %)
Revenue
$
$
(50 %)
Gross profit
$
$
(47 %)
Net loss
($
)
($
)
33 %
Adjusted EBITDA
($
)
($
)
14 %
Diluted net loss per share
($ 0.22 )
($ 0.55 )
60 %
Gross profit per home sold
$ 26,300
$ 22,800
15 %
Gross profit per real estate transaction
$ 21,100
$ 20,200
4 %
Contribution profit after interest per home sold
$ 6,800
$ 500
*
Contribution profit after interest per real estate transaction
$ 5,500
$ 400
*
Cash and cash equivalents
$
$
32 %
*
Not Meaningful
1
Total real estate transactions represents the total number of closed real estate transactions including Cash Offer homes sold, Cash Offer Marketplace transactions, and listings closed under our Brokerage Services solutions.
Additional information regarding Offerpad’s first quarter of 2026 financial results and management commentary can be found by accessing the Company’s Quarterly Shareholder presentation on the Offerpad inve
Feb 23, 2026
2 opad-ex99_1.htm
Exhibit 99.1
Offerpad Announces Q4 and FY 2025 Financial Results
Four-Solution Platform and Capital Discipline Position Company for Scaled 2026 Growth
TEMPE, Ariz. – February 23, 2026 – Offerpad (NYSE: OPAD), a real estate solutions company built to provide sellers and partners with multiple ways to transact, today reported financial results for the fourth quarter ended December 31, 2025.
During the quarter, Offerpad generated $114.1 million in revenue and sold 312 homes. Results reflect continued execution within a disciplined operating model built to perform in a constrained housing environment defined by affordability pressures, aging housing stock, and limited seller liquidity.
“In 2025, we evolved into a fully integrated, four-solution platform,” said Brian Bair, Chairman and Chief Executive Officer of Offerpad. “That evolution reflects how sellers engage today. They want options, clarity, and flexibility. By expanding our platform and strengthening our operating framework, we have positioned the Company to scale more consistently and support our objective of exiting 2026 at approximately 1,000 transactions per quarter.”
Offerpad operates in four solutions with distinct economics and capital intensity, allowing the Company to allocate capital transaction-by-transaction in order to maximize returns and increase conversion:
• Cash Offer is the foundation of the platform, providing pricing certainty to sellers while operating within defined risk, margin, and hold-period guardrails.
• Cash Offer Marketplace, including Direct+ partners, expands external buyer demand beyond Offerpad's balance sheet by routing homes to a diversified network of professional capital providers, including short-term value-add investors, regional operators, and structured capital buyers, without Offerpad deploying principal capital. This increases bid depth and execution certainty while generating fee-based revenue.
• Brokerage Services, including HomePro, Agent Partnership, and the Homebuilder Program, ensure sellers are guided to the right solution while improving retention and conversion across the platform. In 2025, approximately one-third of requests originated through agents who bring their sellers to Offerpad first, positioning the Company as a solutions center for both sellers and real estate professionals.
• Renovate is a fee-based B2B services business generating 20% to 30% margins. It produced $27 million in revenue in 2025, up approximately 50% year over year, and supports both internal execution and Direct+ partner performance.
“We enter 2026 with a structurally lower cost base, improved capital flexibility, and multiple monetization pathways,” said Peter Knag, Chief Financial Officer of Offerpad. “That combination allows incremental volume to translate more directly into margin improvement as activity progresses within our operating framework.”
Looking Ahead
Offerpad's objective is to exit 2026 at a run-rate of approximately 1,000 home transactions per quarter across Cash Offer, Cash Offer Marketplace, and Brokerage Services, excluding Renovate.
For the first quarter of 2026, Offerpad expects revenue in the range of $70 million to $95 million, with 250-300 real estate transactions, and anticipates Adjusted EBITDA to improve sequentially, reaching EBITDA positive before the end of the year.
For additional information, please refer to Offerpad’s full financial results available at investor.offerpad.com.
Q4 2025 Financial Results (quarter over quarter)
Percentage Change
Homes acquired
110
203
(46%)
Homes sold
312
367
(15%)
Revenue
(14%)
Gross profit
(14%)
Net loss
24%
Adjusted EBITDA
(50%)
Diluted net loss per share
($0.24)
($0.37)
35%
Gross profit per home sold
$25,700
$25,400
1%
Contribution profit after interest per home sold
$2,700
$8,200
(67%)
Cash and cash equivalents
(15%)
Q4 2025 Financial Results (year over year)
Percentage Change
Homes acquired
110
384
(71%)
Homes sold
312
503
(38%)
Revenue
(35%)
Gross profit
(24%)
Net loss
49%
Adjusted EBITDA
40%
Diluted net loss per share
($0.24)
($0.63)
62%
Gross profit per home sold
$25,700
$21,100
22%
Contribution profit after interest per home sold
$2,700
$5,500
(51%)
Cash and cash equivalents
(38%)
Additional information regarding Offerpad’s fourth quarter of 2025 financial results and management commentary can be found by accessing the Company’s Quarterly Shareholder presentation on the Offerpad investor relations website.
First Quarter 2026 Outlook
Offerpad is providing its first quarter outlook for 2026 as follows:
Q1 2026 Outlook
Homes sold/Real estate transactions1
250 to 300
Revenue
$70M to $95M
Adjusted EBITDA2
Improve Sequentia
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