---
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"
generated_at: "2026-06-22T15:16:22.583131+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Offerpad Q3 revenue up 52% to $822M but net loss widens to $80M; Q4 outlook weak

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-275841
- JSON: https://secwatch.observer/filing/0001193125-22-275841.json
- Plain text: https://secwatch.observer/filing/0001193125-22-275841.txt

## Key facts
- Earnings Releases
  Offerpad Solutions Inc. reported the third quarter ended September 30, 2022 results: revenue $821.7 million, net income $80.0 million. Guidance initiated.
  - Period: the third quarter ended September 30, 2022
  - Revenue: $821.7 million
  - Net income: $80.0 million
  - Guidance: initiated
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1825024/000119312522275841/0001193125-22-275841-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.