Earnings ·
Offerpad Solutions Inc. reported financial results for the second quarter ended June 30, 2026, generating $78 million…
OPADWOfferpad Solutions Inc.
Offerpad Solutions Inc. reported financial results for the second quarter ended June 30, 2026, generating $78 million in revenue from 295 closed real estate transactions. The company posted a net loss of $9.3 million and an Adjusted EBITDA loss of $6.2 million, marking sequential improvement and its second consecutive quarter of progress toward positive Adjusted EBITDA. Gross margin expanded to 9.2% from 6.9% in the prior quarter, driven by improved Cash Offer margins and higher-margin services comprising 30% of transactions. Contract signings nearly doubled during the quarter, rising from 129 in April to 256 in June. Contribution profit after interest per transaction reached $13,500, a multi-year high. For the third quarter of 2026, Offerpad expects revenue between $90 million and $100 million with 350-400 real estate transactions. Offerpad Solutions Inc. is a tech-enabled real estate solutions company that provides cash offers, brokerage services, and renovation support to homeowners.