Earnings Releases·Nov 2, 2026, 4:17 PM ET

Offerpad Solutions Inc. — Third Quarter 2026 Earnings Summary

Q3 2026 revenue fell 41% year-over-year to $78.1 million with 324 closed transactions (down 32% YoY), while net loss remained flat at $11.5 million and adjusted EBITDA loss widened to $7.5 million.
Guidance for positive adjusted EBITDA run rate was delayed to exiting Q2 2027, up from the previous target of exiting 2026, though Q4 2026 revenue is projected between $100 million and $120 million.
Real estate inventory surged to $231.1 million and debt increased to $197.8 million, driven by a 198% rise in acquisitions to 605 homes, while cash reserves declined 61% to $12.1 million.
Management shifted strategy toward higher-return purchases and fee-based channels, noting that aged inventory remains below the 10% threshold despite rising mortgage rates pressuring buyer demand.