---
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"
generated_at: "2026-06-12T14:42:17.361201+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Offerpad Q2 2023 revenue $230.1M, net loss narrows to $22.3M; Q3 guidance provided

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-201198
- JSON: https://secwatch.observer/filing/0001193125-23-201198.json
- Plain text: https://secwatch.observer/filing/0001193125-23-201198.txt

## Key facts
- Earnings Releases
  Offerpad Solutions Inc. updated its the three and six months ended June 30, 2023 guidance (reaffirmed).
  - Period: the three and six months ended June 30, 2023
  - Guidance: reaffirmed
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1825024/000119312523201198/0001193125-23-201198-index.htm

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