{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-22-275841","form_type":"8-K","ticker":"OPAD","cik":"0001825024","company_name":"Offerpad Solutions Inc.","filed_at":"2022-11-02T23:59:59+00:00","discovered_at":"2026-05-14T18:03:52.406541+00:00","generated_at":"2026-06-22T15:16:22.583131+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Offerpad Q3 revenue up 52% to $822M but net loss widens to $80M; Q4 outlook weak","bullets":["Revenue $821.7M (+52% YoY); gross profit $2.2M (0.3% margin) vs $53.1M a year ago.","Net loss $80.0M vs $15.3M loss; includes $27.5M inventory impairment charge.","Adjusted EBITDA negative $64.3M vs positive $6.1M in Q3 2021.","Q4 2022 outlook: revenue $500M-$650M, adjusted EBITDA loss $60M-$40M.","Flex listing service grew to 29% of transactions; new 'My Way' renovation product testing in Phoenix."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-22-275841","json":"https://secwatch.observer/filing/0001193125-22-275841.json","markdown":"https://secwatch.observer/filing/0001193125-22-275841.md","text":"https://secwatch.observer/filing/0001193125-22-275841.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1825024/000119312522275841/0001193125-22-275841-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1825024/000119312522275841/d388201d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-22T15:16:22.583131+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"39bd7b8eca670dc891246d5b75de2e31e2d18883","claim":"Offerpad Solutions Inc. reported the third quarter ended September 30, 2022 results: revenue $821.7 million, net income $80.0 million. Guidance initiated.","evidence_excerpt":"Third Quarter 2022 Financial Results – compared with the prior-year third quarter: • Revenue was $821.7 million compared to $540.3 million • Gross Profit was $2.2 million* compared to $53.1 million • Net Loss was $80.0 million* compared to $15.3 million","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1825024/000119312522275841/0001193125-22-275841-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the third quarter ended September 30, 2022"},{"label":"Revenue","value":"$821.7 million"},{"label":"Net income","value":"$80.0 million"},{"label":"Guidance","value":"initiated"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}