Offerpad reported a revenue of $114.1 million for Q4 2025, reflecting a disciplined operating model in a constrained housing environment. While the company experienced a net loss, it showed significant year-over-year improvement in net loss and Adjusted EBITDA, while evolving into a four-solution platform to drive future growth.
Offerpad reported revenue of $132.7 million and sold 367 homes in Q3 2025, demonstrating operational discipline and strong momentum in asset-light services. The company improved operating expenses by 38% year-over-year and achieved its highest quarterly revenue for Offerpad Renovate, while strengthening its total liquidity to over $75 million.
Offerpad reported revenue of $160.3 million and sold 452 homes in Q2 2025, demonstrating operational discipline and strong momentum in its asset-light services. The company improved its Adjusted EBITDA loss sequentially and strengthened its balance sheet with a recent capital raise.
Offerpad delivered balanced results in Q1 2025, aligning with expectations, driven by increased Cash Offer volume and improved contribution margin from asset-light services. The company saw a significant reduction in total operating expenses and strong early performance in 2025, with revenue growth building on a reduced cost base.
Offerpad reported a net loss of $17.3 million for Q4 2024, with revenue at $174.3 million. For the full year 2024, the net loss improved by 47% to $62.2 million, and total operating expenses decreased by 32% to $118.2 million. Renovate closed projects grew by 49% year-over-year, surpassing $18 million in revenue.
Offerpad Solutions Inc. reported its Q3 2024 financial results, with revenue at the high end of guidance. The company focused on expanding asset-light services, strengthening partnerships, and optimizing its organization. Net loss and adjusted EBITDA improved by 32% and 53%, respectively, compared to the prior year.
Offerpad delivered revenue within its guidance, with sequential improvement in Adjusted EBITDA. Focus on expense management and growth in asset-light platform services drove improvements in gross margin, contribution margin, and Adjusted EBITDA. The company is adjusting its buy box to focus more on wider margins per home and less on volume, positioning it well for sustained profitability.
Offerpad reported a Q1 2024 revenue of $285 million, which was at the high end of their guidance. The company experienced a 210% year-over-year increase in gross profit and a 71% improvement in net loss compared to the prior year. Offerpad is focused on expanding its asset light platform services, particularly Renovate, which grew 78% in the quarter, and growing its Agent Partnership Program, acquisitions from that channel grew more than 50% versus the prior quarter.
Offerpad reported Q4 2023 financial results, demonstrating sequential improvements in homes sold, revenue, and Adjusted EBITDA, aligning with provided guidance. The company's revenue for the quarter reached $240.5 million. Strategic initiatives, including streamlining the business and expanding asset-light services, are expected to drive growth and profitability in 2024.