{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-201198","form_type":"8-K","ticker":"OPAD","cik":"0001825024","company_name":"Offerpad Solutions Inc.","filed_at":"2023-08-02T23:59:59+00:00","discovered_at":"2026-05-14T18:03:35.505764+00:00","generated_at":"2026-06-12T14:42:17.361201+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Offerpad Q2 2023 revenue $230.1M, net loss narrows to $22.3M; Q3 guidance provided","bullets":["Revenue $230.1M (down 79% YoY but beat guidance high end by 15%); gross margin 9.7% highest since Q3 2021.","Net loss improved to ($22.3M) from ($59.4M) in Q1; adjusted EBITDA improved to ($17.3M) from ($44.8M).","Home acquisition volume doubled QoQ to 840; inventory aged >180 days reduced to <2%.","Q3 2023 outlook: revenue $200M-$240M, homes sold 600-700, adjusted EBITDA ($17)M-($9)M.","Gross margin on homes acquired after Sep 2022 of 13.5%; contribution margin after interest 9.5% above 3-6% target."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-201198","json":"https://secwatch.observer/filing/0001193125-23-201198.json","markdown":"https://secwatch.observer/filing/0001193125-23-201198.md","text":"https://secwatch.observer/filing/0001193125-23-201198.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1825024/000119312523201198/0001193125-23-201198-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1825024/000119312523201198/d528411d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-12T14:42:17.361201+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":"cf3d53aab1fc53b2398c6460300d4c57d55b14d1","claim":"Offerpad Solutions Inc. updated its the three and six months ended June 30, 2023 guidance (reaffirmed).","evidence_excerpt":"On August 2, 2023, Offerpad Solutions Inc. issued a press release announcing its financial results for the three and six months ended June 30, 2023 and a Shareholder Letter.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1825024/000119312523201198/0001193125-23-201198-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the three and six months ended June 30, 2023"},{"label":"Guidance","value":"reaffirmed"},{"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"}