Offerpad Solutions Inc. — Third Quarter 2026 Earnings Summary

Offerpad Solutions Inc. reported a net loss of $11.5 million and Adjusted EBITDA loss of $7.5 million for the third quarter of 2026, with total revenue of $78.1 million. The company completed 324 real estate transactions during the quarter, a figure that includes 605 homes acquired and 210 homes sold, while fee-based channels accounted for approximately 35% of closed transactions. Management adjusted acquisition criteria to require higher expected returns due to rising mortgage rates, resulting in a lower inventory age of 2.6% at quarter-end. Looking ahead, Offerpad revised its outlook to expect positive Adjusted EBITDA run rates by the end of Q2 2027 and projects 400 to 475 closed transactions for the fourth quarter of 2026.