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

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Offerpad Solutions Inc. (OPAD) Q4 2023 Earnings Call Transcript

Offerpad Solutions Inc. (OPAD) came out with a quarterly loss of $0.57 per share versus the Zacks Consensus Estimate of a loss of $0.42. This compares to loss of $7.35 per share a year ago.

Offerpad Solutions Inc. (OPAD) Reports Q4 Loss, Lags 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 and full year December 31, 2023. “We successfully navigated 2023 from a position of operational excellence,” said Brian Bair, chairman and CEO. “During the year, we acted decisively to streamline the business and reduce costs, setting us up to drive improved top line growth and profitability.

Offerpad Reports Fourth Quarter and Full Year 2023 Results

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 fourth-quarter and full year 2023 financial results on Monday, February 26, 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 Rel.

Offerpad to Release Fourth-Quarter and Full Year Results on February 26th

Offerpad Solutions Inc. (OPAD) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.

Offerpad Solutions Inc. (OPAD) Moves 6.6% Higher: Will This Strength Last?

CHANDLER, Ariz.--(BUSINESS WIRE)--Offerpad Solutions Inc. (“Offerpad”) (NYSE: OPAD), a leading tech-driven platform for residential real estate, has unveiled a new 3% + 1% agent program, a significant expansion of its current Agent Partnership Program. Since 2020, Offerpad has received over 130,000 cash offer requests from agents, offering them an industry-leading 3% fee upon a successful closing. The enhanced agent program empowers agents to seamlessly integrate with Offerpad's suite of produc.

Offerpad Announces Unmatched 3% + 1% Agent Program

Arbor Realty Trust

Dream Finders Homes

It appears that interest rates have peaked, at least for this part of the economic cycle. The U.S. Federal Reserve has softened its language around inflation and is now seemingly set to cut interest rates in an attempt to engineer a so-called soft landing in the economy.

3 Real Estate Stocks to Sell as Interest Rates Fall in 2024

NEW YORK--(BUSINESS WIRE)--The New York Stock Exchange (“NYSE”, the “Exchange”) announced today that the staff of NYSE Regulation has determined to commence proceedings to delist the warrants of Offerpad Solutions Inc. (the “Company”), every 15 warrants are exercisable for one share of Class A common stock at an exercise price of $172.50 per share (the “Warrants”) — ticker symbol OPAD WS — from the NYSE. Trading in the Company's Warrants will be suspended immediately. Trading in the Company's C.

NYSE to Commence Delisting Proceedings with Respect to the Warrants of Offerpad Solutions Inc. (OPAD WS)

Offerpad Solutions Inc. (NYSE:OPAD ) Q3 2023 Earnings Conference Call November 1, 2023 4:30 PM ET Company Participants Taylor Giles - Investor Relations Brian Bair - Chairman and Chief Executive Officer Jawad Ahsan - Chief Financial Officer James Grout - SVP, Finance Conference Call Participants Ryan Tomasello - Stifel Operator Good afternoon. Thank you for attending the Offerpad Third Quarter 2023 Earnings Conference Call.

Offerpad Solutions Inc. (OPAD) Q3 2023 Earnings Call Transcript

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 September 30, 2023. “We are pleased that we met both top and bottom-line expectations in the third quarter, despite a continued difficult macro environment. We are particularly proud of our expanding contribution margin,” said Brian Bair, Offerpad's chairman and CEO. “We have proven we can pe.

Offerpad Reports Third Quarter 2023 Results

CHANDLER, Ariz.--(BUSINESS WIRE)--Offerpad Solutions Inc. (“Offerpad”) (NYSE: OPAD), a leading tech-driven platform for residential real estate operating in 14 states and over 1,000 cities, has unveiled a nationwide collaboration with Anywhere Real Estate, Inc., a global leader in residential real estate services. This program extends Offerpad's reach, allowing seller requests from areas outside of Offerpad's coverage to be served by certified agents affiliated with the Anywhere Leads Network.

Offerpad Selects Anywhere℠ to Serve Sellers Beyond Current Market Reach

Compass

Redfin

Opendoor

US mortgage rates are soaring as investors predict that the Federal Reserve will continue hiking rates for longer. They jumped to 8% on Thursday for the first time in 23 years.

US mortgage rates hit 8%: Is it safe to buy RDFN, COMP, OPAD, OPEN stocks dip?

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 third-quarter financial results on Wednesday, November 1, 2023. The company also will host a conference call at 4:30 p.m. ET 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 interested.

Offerpad to Release Third-Quarter Results on November 1st

NEW YORK , Aug. 25, 2023 /PRNewswire/ -- Levi & Korsinsky announces that it has commenced an investigation of Offerpad Solutions Inc. (NYSE: OPAD) concerning possible breaches of fiduciary duty. To obtain additional information, go to:  https://zlk.com/compensation2/offerpad-solutions-inc-information-request-form or contact Joseph E.

SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Shareholders of an Investigation Concerning Possible Breaches of Fiduciary Duty by Certain Officers and Directors of Offerpad Solutions Inc. (NYSE: OPAD)

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 8:50 am PT on Wednesday, September 6, 2023 at the Goldman Sachs Communacopia + 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 w.

Offerpad Announces Participation in Goldman Sachs Communacopia + Technology Conference

Offerpad Solutions Inc. (NYSE:OPAD ) Q2 2023 Results Conference Call August 2, 2023 12:30 PM ET Company Participants Stefanie Layton - SVP, IR & ESG Brian Bair - Chairman, CEO Jawad Ahsan - CFO James Grout - SVP, Finance Conference Call Participants Dae Lee - JP Morgan Jay McCanless - Wedbush John Colantuoni - Jefferies Michael Ng - Goldman Sachs Nick Jones - JMP Securities Ryan Tomasello - Stifel Operator Good afternoon. Thank you for attending the Offerpad Second Quarter 2023 Earnings Call.

Offerpad Solutions Inc. (OPAD) Q2 2023 Earnings Call Transcript

Offerpad Solutions Inc. (OPAD) came out with a quarterly loss of $0.84 per share versus the Zacks Consensus Estimate of a loss of $1.36. This compares to earnings of $0.60 per share a year ago.

Offerpad Solutions Inc. (OPAD) Reports Q2 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 June 30, 2023. “We exceeded our financial expectations across the board,” said Brian Bair, Chairman and CEO of Offerpad. “Our outperformance in the second quarter reflects the improvements we have made to our business processes and our elevated focus on profitability through margin expansion.

Offerpad Reports Second Quarter 2023 Results

CHANDLER, Ariz.--(BUSINESS WIRE)--Offerpad Solutions Inc. (“Offerpad”) (NYSE: OPAD), a leading tech-enabled platform for residential real estate, is celebrating the third anniversary of its Agent Partnership Program. Since 2020, Offerpad has provided real estate agents with an industry-high 3% referral fee when completing a qualified sale of a client's home through the program in support of Offerpad's continued commitment to providing simple real estate solutions for all, including the agent co.

Offerpad's Agent Partnership Program: 3 Years of 3% to Real Estate Agents

Offerpad Solutions Inc. (OPAD) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might help the stock continue moving higher in the near term.

Offerpad Solutions Inc. (OPAD) Surges 12.4%: Is This an Indication of Further Gains?

CHANDLER, Ariz.--(BUSINESS WIRE)--Offerpad Solutions Inc. (“Offerpad”) (NYSE: OPAD), a leading tech-enabled platform for residential real estate, today announced that Jawad Ahsan will become Chief Financial Officer of Offerpad effective July 10, 2023, succeeding Michael Burnett. Mr. Burnett will remain with the Company in an advisory capacity through August 1, 2023 to assist with the transition. “On behalf of the Offerpad team, I want to thank Mike for his leadership and stewardship over the pa.

Veteran Finance and Tech Executive with Track Record of Driving Transformational Change Joins Offerpad

SmartRent

New home sales jumped in May, and home prices rose for the third straight month in April. Real estate stocks like Offerpad, Compass, and SmartRent -- which are highly exposed to the health of the real estate market -- jumped.

Why Real Estate Stocks Popped This Week

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 financial results on Wednesday, August 2, 2023. The company also will host a conference call and accompanying webcast at 12:30 p.m. ET that same day to discuss financial results and recent developments. The conference call will be webcast live on Offerpad's Investor Relations website. Participant.

Offerpad to Release Second-Quarter Results on August 2nd

Skillz

TELUS International (Cda)

Unlike a slot machine, investment ideas typically take time to marinate, although impatient investors may seek hot stocks to buy now. For various reasons, these underlying enterprises may be on the cusp of imminent upside.

3 Hot Stocks to Buy Right This Minute

Offerpad Solutions Inc. (OPAD) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.

News for Offerpad Solutions Stock (OPAD)