---
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"
generated_at: "2026-06-19T05:23:15.734013+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Offerpad Q4 revenue $677M, net loss $121M; raises $90M equity; Q1 outlook weak

## Summary
- 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.

## SEC filing metadata
- 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
- 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/1825024/000119312523044822/0001193125-23-044822-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1825024/000119312523044822/d470852d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-044822
- JSON: https://secwatch.observer/filing/0001193125-23-044822.json
- Plain text: https://secwatch.observer/filing/0001193125-23-044822.txt

## Key facts
- Earnings Releases
  Offerpad Solutions Inc. reported financial results for the quarter and fiscal year ended December 31, 2022.
  - Period: the quarter and fiscal year ended December 31, 2022
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1825024/000119312523044822/0001193125-23-044822-index.htm

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