---
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"
generated_at: "2026-06-09T03:09:41.955413+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Offerpad Q3 revenue $234.2M (up 2% QoQ), net loss narrows to $20.0M; guides Q4 Adj EBITDA ($10M)-$0M

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-268214
- JSON: https://secwatch.observer/filing/0001193125-23-268214.json
- Plain text: https://secwatch.observer/filing/0001193125-23-268214.txt

## Key facts
- Earnings Releases
  Offerpad Solutions Inc. reported the three months ended September 30, 2023 results: revenue $234.2M, net income ($20.0M), EPS ($0.73). Guidance reaffirmed.
  - Period: the three months ended September 30, 2023
  - Revenue: $234.2M
  - Net income: ($20.0M)
  - EPS: ($0.73)
  - Guidance: reaffirmed
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1825024/000119312523268214/0001193125-23-268214-index.htm

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