Earnings ·
Reports Q3 revenue of $78.1M, raises Adjusted EBITDA breakeven target to exit Q2 2027
OPADOfferpad Solutions Inc.
Offerpad Solutions Inc. reported third-quarter 2026 results with total real estate transactions increasing to 324 and revenue declining 41% year-over-year to $78.1 million. The company posted a net loss of $11.5 million and an Adjusted EBITDA loss of $7.5 million, while acquiring 605 homes. Management revised its profitability outlook, now expecting to achieve a positive Adjusted EBITDA run rate by exiting the second quarter of 2027, later than the previous target of late 2026. For the fourth quarter, Offerpad forecasts revenue between $100 million and $120 million with 400 to 475 closed transactions. The company operates as a tech-enabled real estate solutions provider offering cash offers, brokerage services, and renovation support.