{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-24-046212","form_type":"8-K","ticker":"OPAD","cik":"0001825024","company_name":"Offerpad Solutions Inc.","filed_at":"2024-02-26T23:59:59+00:00","discovered_at":"2026-05-14T18:03:25.762910+00:00","generated_at":"2026-06-05T15:39:28.758059+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Offerpad reports Q4 2023 revenue $240.5M, net loss $15.4M; guides Q1 2024 revenue $245M-$285M","bullets":["Q4 homes sold 712, revenue $240.5M, net loss $15.4M ($0.57 diluted loss per share); Adjusted EBITDA loss $7.0M.","Full year 2023 revenue $1.3B, net loss $117.2M ($4.44 diluted loss per share); Adjusted EBITDA loss $82.4M.","Asset-light transactions accounted for 43% of unit transactions in 2023 (up from 24% in 2022); time to cash improved to 97 days from 142 days.","Q1 2024 guidance: homes sold 750–850, revenue $245M–$285M, Adjusted EBITDA loss ($10M)–($2.5M).","Reiterates expectation to achieve sustainable Adjusted EBITDA profitability in 2024."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-24-046212","json":"https://secwatch.observer/filing/0001193125-24-046212.json","markdown":"https://secwatch.observer/filing/0001193125-24-046212.md","text":"https://secwatch.observer/filing/0001193125-24-046212.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1825024/000119312524046212/0001193125-24-046212-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1825024/000119312524046212/d793338d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-05T15:39:28.758059+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":"68b097397471a3f63d990f42fba42673ab73d744","claim":"Offerpad Solutions Inc. reported full year December 31, 2023 results: revenue $1.3 billion.","evidence_excerpt":"X-99.1 Exhibit 99.1 Offerpad Reports Fourth Quarter and Full Year 2023 Results Q4 2023 revenue of $240.5 million up sequentially and in-line with guidance Full year 2023 revenue of $1.3 billion Reiterates expectation to achieve sustainable Adjusted EBITDA profitability in 2024 CHANDLER, Ariz.—(BUSINESS WIRE)— Offerpad Solutions Inc.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1825024/000119312524046212/0001193125-24-046212-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"full year December 31, 2023"},{"label":"Revenue","value":"$1.3 billion"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"b5a194f5656f60c020ca051393fe328ee14518cc","claim":"Offerpad Solutions Inc. reported Q4 2023 results: revenue $240.5 million.","evidence_excerpt":"X-99.1 Exhibit 99.1 Offerpad Reports Fourth Quarter and Full Year 2023 Results Q4 2023 revenue of $240.5 million up sequentially and in-line with guidance Full year 2023 revenue of $1.3 billion Reiterates expectation to achieve sustainable Adjusted EBITDA profitability in 2024 CHANDLER, Ariz.—(BUSINESS WIRE)— Offerpad Solutions Inc.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1825024/000119312524046212/0001193125-24-046212-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"Q4 2023"},{"label":"Revenue","value":"$240.5 million"},{"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"}