{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-268214","form_type":"8-K","ticker":"OPAD","cik":"0001825024","company_name":"Offerpad Solutions Inc.","filed_at":"2023-11-01T23:59:59+00:00","discovered_at":"2026-05-14T18:03:30.768476+00:00","generated_at":"2026-06-09T03:09:41.955413+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Offerpad Q3 revenue $234.2M (up 2% QoQ), net loss narrows to $20.0M; guides Q4 Adj EBITDA ($10M)-$0M","bullets":["Revenue $234.2M, up 2% QoQ from $230.1M; gross margin improved to 10.2% from 9.7%.","Net loss improved to ($20.0M) from ($22.3M) QoQ; Adjusted EBITDA ($13.3M) vs ($17.3M).","Homes sold 703, down 69% YoY; contribution margin after interest per home sold $27,200 (vs -$2,900 Q2).","Q4 2023 guidance: homes sold 700-800, revenue $230M-$270M, Adj EBITDA ($10M)-$0M.","Announced partnership with Anywhere Real Estate and 4.99% mortgage rate buy-down program."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-268214","json":"https://secwatch.observer/filing/0001193125-23-268214.json","markdown":"https://secwatch.observer/filing/0001193125-23-268214.md","text":"https://secwatch.observer/filing/0001193125-23-268214.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1825024/000119312523268214/0001193125-23-268214-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1825024/000119312523268214/d492290d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-09T03:09:41.955413+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":"448e4131a7eb141a523aae830e8c1fabc16c5432","claim":"Offerpad Solutions Inc. reported the three months ended September 30, 2023 results: revenue $234.2M, net income ($20.0M), EPS ($0.73). Guidance reaffirmed.","evidence_excerpt":"improved to ($0.73) from ($0.82) Q3 2023 Financial Results (quarter over quarter) Q3 2023 Q2 2023 Percentage Change Homes acquired 930 840 11 % Homes sold 703 650 8 % Revenue $ 234.2M $ 230.1M 2 % Gross profit $ 24.0M $ 22.2M 8 % Net loss ($ 20.0M ) ($ 22.3M ) 11 % Adjusted EBITDA ($ 13.3M ) ($ 17.3M ) 23 % Gross profit per home sold $ 34,100 $ 34,200 0 %","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1825024/000119312523268214/0001193125-23-268214-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the three months ended September 30, 2023"},{"label":"Revenue","value":"$234.2M"},{"label":"Net income","value":"($20.0M)"},{"label":"EPS","value":"($0.73)"},{"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"}