{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-044822","form_type":"8-K","ticker":"OPAD","cik":"0001825024","company_name":"Offerpad Solutions Inc.","filed_at":"2023-02-22T23:59:59+00:00","discovered_at":"2026-05-14T18:03:46.838519+00:00","generated_at":"2026-06-19T05:23:15.734013+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 Q4 revenue $677M, net loss $121M; raises $90M equity; Q1 outlook weak","bullets":["Q4 revenue $677.2M (-22% YoY); net loss $121.1M vs prior-year profit $12.8M.","Adjusted EBITDA loss $103.7M; includes $44.1M inventory impairment charge.","Full-year 2022 revenue $4.0B (+91%); net loss $148.6M; homes sold 10,635 (+67%).","Raised $90M in new equity capital from new and existing shareholders in Jan 2023.","Q1 2023 guidance: revenue $480M-$540M, adjusted EBITDA loss $35M-$55M."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-044822","json":"https://secwatch.observer/filing/0001193125-23-044822.json","markdown":"https://secwatch.observer/filing/0001193125-23-044822.md","text":"https://secwatch.observer/filing/0001193125-23-044822.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1825024/000119312523044822/0001193125-23-044822-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1825024/000119312523044822/d470852d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-19T05:23:15.734013+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":"ee8eeee9098fc0cc42f0f7f3cedea13a6ab89ea8","claim":"Offerpad Solutions Inc. reported financial results for the quarter and fiscal year ended December 31, 2022.","evidence_excerpt":"On February 22, 2023, Offerpad Solutions Inc. issued a press release announcing its financial results for the quarter and fiscal year ended December 31, 2022 and a Shareholder Letter.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1825024/000119312523044822/0001193125-23-044822-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the quarter and fiscal year ended December 31, 2022"},{"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"}