Offerpad Solutions

Offerpad Solutions, Inc. engages in the operation of a real estate platform that enables consumers to seamlessly buy and sell properties using a mobile device. The company was founded by Brian Bair in July 2015 and is headquartered in Chandler, AZ.

Earnings data Q3 2021

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Earnings data Q3 2023

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Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Offerpad exceeds Q4 expectations, eyes growth through strategic partnerships

Offerpad Solutions had a successful Q4 2022, overcoming challenges to achieve milestones and exceed revenue expectations.
The company's focus on foundational services, market penetration, and B2B partnerships positions it well for future growth and profitability.
While facing challenges in inventory management and capital, Offerpad remains confident in its operational approach and capital position for sustained growth.
Opportunities lie in market improvements, expanding partnerships, and leveraging the direct plus platform for revenue diversification and enhanced customer experience.

Offerpad Solutions reports strong Q1 results, eyes profitability by year-end

Offerpad Solutions delivered strong financial results in Q1 2023, with revenue growth, improved net loss, and significant EBITDA improvement.
The company's strategic focus on cost reduction, operational efficiency, and growth initiatives positions it well for future profitability.
While facing challenges in achieving positive EBITDA without home price appreciation, Offerpad has opportunities to drive growth through market optimization and service expansion.

Offerpad Solutions surpasses Q2 expectations, eyes profitability amid challenges

Offerpad Solutions showcased strong Q2 performance, exceeding revenue and adjusted EBITDA guidance, with a focus on profitability and balance sheet strengthening.
Despite market challenges, the company's resilience, strategic decisions, and focus on innovation position it well for growth and financial improvement.
Opportunities lie in revenue diversification, market expansion, and operational efficiency enhancements, supporting Offerpad's path towards profitability and positive cash flow.

Offerpad excels in Q3, eyes profitability and growth in 2024

Offerpad Solutions showcased resilience and strategic foresight in Q3 2023, with a focus on profitability, cost optimization, and revenue diversification. The company's initiatives to enhance home affordability and streamline real estate transactions position it well for future growth and success.

Offerpad reports solid Q4 results, eyes growth through partnerships

Offerpad Solutions' Q4 2023 performance met guidance, showing signs of growth and operational efficiency.
The company's focus on cost optimization, partner network expansion, and market reach bodes well for future growth.
Challenges in achieving sustained profitability and market competition require strategic planning and operational excellence.
Opportunities lie in leveraging partnerships, cost efficiencies, and service expansion for continued growth and profitability.

Offerpad Solutions excels in Q1 2024, eyes sustainable profitability

Offerpad Solutions delivered a strong Q1 performance meeting revenue and home sales targets, with a focus on sustainable profitability.
The company showcased growth in key services and operational efficiency, while addressing challenges in net loss and gross margins.
Strategic imperatives and market opportunities position Offerpad for future growth and profitability in the real estate sector.

Offerpad excels in Q2 2024, poised for growth amidst challenges

Offerpad Solutions demonstrated resilience and adaptability in Q2 2024, leveraging strategic initiatives to drive growth and enhance operational efficiency.
With a strong financial performance, commitment to customer satisfaction, and focus on technology, Offerpad is poised for continued success and market expansion.
While facing challenges in a dynamic market environment, Offerpad's strengths and opportunities position it well for sustainable growth and competitive advantage.

Offerpad exceeds Q3 revenue expectations, eyes market transition for growth

Offerpad Solutions showcased resilience and adaptability in Q3, leveraging strengths in customer engagement and operational efficiency. While facing market challenges, the company remains optimistic about future opportunities and aims for sustained profitability. Strategic initiatives and a focus on cost management underscore Offerpad's commitment to long-term success.

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Offerpad Solutions, Inc. (NYSE:OPAD ) Q3 2024 Earnings Conference Call November 4, 2024 4:30 PM ET Company Participants Cortney Read - Chief, Staff Brian Bair - Chairman & CEO Peter Knag - CFO Conference Call Participants Dae Kyu Lee - J.P. Morgan Ryan Tomasello - Stifel Luke Meindl - JMP Securities John Colantuoni - Jefferies Operator Hello, and welcome to the Offerpad Third Quarter 2024 Earnings Conference Call.

Offerpad Solutions, Inc. (OPAD) Q3 2024 Earnings Call Transcript

Offerpad Solutions Inc. (OPAD) came out with a quarterly loss of $0.49 per share versus the Zacks Consensus Estimate of a loss of $0.44. This compares to loss of $0.73 per share a year ago.

Offerpad Solutions Inc. (OPAD) Reports Q3 Loss, Tops Revenue Estimates

CHANDLER, Ariz.--(BUSINESS WIRE)--Offerpad Solutions Inc. today released financial results for the three months ended September 30, 2024.

Offerpad Reports Third Quarter 2024 Results

CHANDLER, Ariz.--(BUSINESS WIRE)-- #OPAD--Offerpad Solutions Inc. (“Offerpad”) (NYSE: OPAD), a leading tech-enabled platform for residential real estate, announced today that it will release third-quarter 2024 financial results on Monday, November 4, 2024. The company also will host a conference call at 4:30 p.m. ET / 1:30 p.m. PT that same day to discuss financial results and recent developments. The conference call will be webcast live on the events page of Offerpad's Investor Relations website. Thos.

Offerpad to Release Third Quarter Results on November 4th

CHANDLER, Ariz.--(BUSINESS WIRE)---- $OPAD #OPAD--Offerpad Solutions Inc. (“Offerpad”) (NYSE: OPAD), a leading tech-enabled platform for residential real estate, today announced that Brian Bair, Offerpad's Chairman and CEO, will participate in a fireside chat at 8:50 am PT on Tuesday, September 10, 2024 at the Goldman Sachs Communacopia + Technology Conference. The live webcast can be accessed under the “Events & Presentations” section of Offerpad's Investor Relations website at investor.offerpad.com. A we.

Offerpad Announces Participation in the Goldman Sachs Communacopia + Technology Conference

Offerpad Solutions, Inc. (NYSE:OPAD ) Q2 2024 Earnings Conference Call August 5, 2024 4:30 PM ET Company Participants Brian Bair - Chairman & CEO Peter Knag - CFO Taylor Giles - IR Conference Call Participants Nick Jones - JMP Securities Ryan Tomasello - Stifel Michael Ng - Goldman Sachs John Colantuoni - Jefferies Dae Lee - J.P. Morgan Operator Good afternoon.

Offerpad Solutions, Inc. (OPAD) Q2 2024 Earnings Call Transcript

Offerpad Solutions Inc. (OPAD) came out with a quarterly loss of $0.50 per share versus the Zacks Consensus Estimate of a loss of $0.40. This compares to loss of $0.84 per share a year ago.

Offerpad Solutions Inc. (OPAD) Reports Q2 Loss, Misses Revenue Estimates

CHANDLER, Ariz.--(BUSINESS WIRE)---- $OPAD #OPAD--Offerpad Solutions Inc. (“Offerpad”) (NYSE: OPAD), a leading tech-driven platform for residential real estate, announced its launch of Powered By Offerpad (PBO), a new online portal for agents and agent teams who are part of the company's Pro and Max agent programs. Offerpad continues to be a trusted leader among the agent community with its commitment to providing simple real estate solutions for all through its proprietary technology. The new portal launched.

Offerpad Launches "Powered By Offerpad" Portal, Elevating Agent Partner Experience with Innovative Tools and Resources

CHANDLER, Ariz.--(BUSINESS WIRE)--Offerpad Solutions Inc. (“Offerpad”) (NYSE: OPAD), a leading tech-enabled platform for residential real estate, today released financial results for the three months ended June 30, 2024. “During the second quarter, we delivered revenue within our guidance and sequential improvement in Adjusted EBITDA. Our focus on expense management, and the continued growth in our asset light platform services, drove improvement in gross margin, contribution margin, and Adjust.

Offerpad Reports Second Quarter 2024 Results

Offerpad shares have dropped over 60% in the past year, presenting a contrarian buying opportunity based on quantitative factors. Stocks with significant price declines, like Offerpad, have shown potential to outperform the S&P 500 over 1-3 year timeframes according to a study done by The Brandes Institute. Offerpad appears to have the financial flexibility essential to navigate their issues.

Offerpad Solutions: Now Is The Time To Go Against The Crowd

CHANDLER, Ariz.--(BUSINESS WIRE)--Offerpad Solutions Inc. (“Offerpad”) (NYSE: OPAD), a leading tech-enabled platform for residential real estate, announced today the company will release second-quarter 2024 financial results on Monday, August 5, 2024. The company also will host a conference call at 4:30 p.m. ET / 1:30 p.m. PT that same day to discuss financial results and recent developments. The conference call will be webcast live on the events page of Offerpad's Investor Relations website. T.

Offerpad to Release Second Quarter Results on August 5th

CHANDLER, Ariz.--(BUSINESS WIRE)--Offerpad Solutions Inc. (“Offerpad”) (NYSE: OPAD), a leading tech-enabled platform for residential real estate, announced today that Offerpad is expected to be included in the Russell 2000® and 3000® Indexes effective at the open of U.S. equity markets on July 1, 2024. A preliminary list of index additions, including OPAD, was posted by FTSE Russell on May 24, 2024. “We are pleased to be added to The Russell 2000 and 3000, a leading global index provider. We be.

Offerpad to Join Russell 2000® and 3000® Index Effective July 1, 2024

CHANDLER, Ariz.--(BUSINESS WIRE)--Offerpad Solutions Inc. (“Offerpad”) (NYSE: OPAD), a leading tech-enabled platform for residential real estate, today announced the appointment of Peter Knag as its new Chief Financial Officer, effective June 5, 2024. Knag brings a proven track record of success and deep financial acumen to Offerpad, having excelled in senior financial leadership roles across the media, telecommunications, technology, and finance sectors. Knag is the former Executive Vice Presi.

Offerpad Appoints Peter Knag as Chief Financial Officer

CHANDLER, Ariz.--(BUSINESS WIRE)--Offerpad Solutions Inc. (“Offerpad”) (NYSE: OPAD), a leading tech-driven platform for residential real estate, is reaffirming its commitment to making real estate simple and stress-free during National Moving Month by showcasing data that shows the popularity of the company's Free Local Move program for home sellers on its platform and trend data around where people are making local moves. Offerpad has provided a free local move since the company's inception as.

National Moving Month: Offerpad's Free Local Move Program

CHANDLER, Ariz.--(BUSINESS WIRE)--Offerpad Solutions Inc. (“Offerpad”) (NYSE: OPAD), a leading tech-enabled platform for residential real estate, today announced that Brian Bair, Offerpad's Chairman and CEO, will participate in a fireside chat at 1:50 pm ET on Monday, May 20, 2024 at the 52nd Annual J.P. Morgan Global Technology, Media and Communications Conference. The live webcast can be accessed under the “Events & Presentations” section of Offerpad's Investor Relations website at invest.

Offerpad Announces Participation in the 52nd Annual J.P. Morgan Global Technology, Media and Communications Conference and the KBW Virtual Real Estate Finance & Technology Conference

The average of price targets set by Wall Street analysts indicates a potential upside of 25.8% in Offerpad Solutions (OPAD). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.

How Much Upside is Left in Offerpad Solutions (OPAD)? Wall Street Analysts Think 25.76%

Offerpad Solutions, Inc. (NYSE:OPAD ) Q1 2024 Earnings Conference Call May 6, 2024 4:30 PM ET Company Participants Taylor Giles - Investor Relations Brian Bair - Chairman and Chief Executive Officer James Grout - Interim Principal Financial Officer and Senior Vice President of Finance Conference Call Participants Nick Jones - JMP Securities Ryan Tomasello - Stifel Dae Lee - JP Morgan John Colantuoni - Jefferies Operator Good afternoon. Thank you for attending today's Offerpad First Quarter 2024 Earnings Call.

Offerpad Solutions, Inc. (OPAD) Q1 2024 Earnings Call Transcript

Offerpad Solutions Inc. (OPAD) came out with a quarterly loss of $0.65 per share versus the Zacks Consensus Estimate of a loss of $0.37. This compares to loss of $2.55 per share a year ago.

Offerpad Solutions Inc. (OPAD) Reports Q1 Loss, Tops Revenue Estimates

CHANDLER, Ariz.--(BUSINESS WIRE)--Offerpad Solutions Inc. (“Offerpad”) (NYSE: OPAD), a leading tech-enabled platform for residential real estate, today released financial results for the three months ended March 31, 2024. “The first quarter of 2024 continued the positive trajectory we experienced exiting 2023. While the macro is still volatile, the first quarter was one of increasing stability and we believe this trend will continue through 2024,” said Brian Bair, Offerpad's chairman and chief.

Offerpad Reports First Quarter 2024 Results

Offerpad Solutions (OPAD) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Offerpad Solutions Inc. (OPAD) Expected to Beat Earnings Estimates: What to Know Ahead of Q1 Release

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Proptech stocks are having a bad year. Redfin (RDFN) stock price has crashed by over 62% this year while Offerpad (OPAD), Compass (COMP, and Zillow (Z) have plunged by over 26% and 27% this year.

Redfin, Offerpad, Zillow, Compass stocks are falling: here's why

CHANDLER, Ariz.--(BUSINESS WIRE)--Offerpad Solutions Inc. (“Offerpad”) (NYSE: OPAD), a leading tech-enabled platform for residential real estate, announced today the company will release first-quarter 2024 financial results on Monday, May 6, 2024. The company also will host a conference call at 4:30 p.m. ET / 1:30 p.m. PT that same day to discuss financial results and recent developments. The conference call will be webcast live on the events page of Offerpad's Investor Relations website. Those.

Offerpad to Release First Quarter Results on May 6th

CHANDLER, Ariz.--(BUSINESS WIRE)--Offerpad Solutions Inc. (“Offerpad”) (NYSE: OPAD), a leading tech-driven platform for residential real estate, today announced their participation as a Silver Level sponsor of Information Managing Network's (IMN) annual Single Family Rental Forum. Offerpad will sponsor both the East and West Coast conferences, with East on May 20-22 in Miami, FL and West being held this December in Scottsdale, AZ. This sponsorship opportunity reinforces Offerpad's commitment to.

Offerpad Sponsors IMN's Single Family Rental Forum East and West to Deliver a Solutions Center for All

CHANDLER, Ariz.--(BUSINESS WIRE)--Offerpad Solutions Inc. (“Offerpad”) (NYSE: OPAD), a leading tech-driven platform for residential real estate, has announced it is expanding its new Offerpad Max agent program to all of its remaining markets, after nearly selling out of the initial launch markets – beginning on March 1 the program will launch in Charlotte, Houston, Orlando, Tampa and Atlanta with the remaining markets to follow. Announced on January 13, Offerpad Max is the company's top tier, i.

Offerpad Provides Company Update on Agent Momentum & New Growth Opportunities Around Services

CHANDLER, Ariz.--(BUSINESS WIRE)--Offerpad Solutions Inc. (NYSE: OPAD), a leading tech-enabled platform for residential real estate, today announced that Brian Bair, Offerpad's Chairman and CEO, will participate in a fireside chat at 12:00 pm PT on Tuesday, March 5, 2024 at The Citizens JMP Technology Conference. A live webcast can be accessed under the “Events & Presentations” section of Offerpad's Investor Relations website at investor.offerpad.com. A webcast replay will be available on O.

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