---
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"
generated_at: "2026-06-05T15:39:28.758059+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Offerpad reports Q4 2023 revenue $240.5M, net loss $15.4M; guides Q1 2024 revenue $245M-$285M

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-046212
- JSON: https://secwatch.observer/filing/0001193125-24-046212.json
- Plain text: https://secwatch.observer/filing/0001193125-24-046212.txt

## Key facts
- Earnings Releases
  Offerpad Solutions Inc. reported full year December 31, 2023 results: revenue $1.3 billion.
  - Period: full year December 31, 2023
  - Revenue: $1.3 billion
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1825024/000119312524046212/0001193125-24-046212-index.htm
- Earnings Releases
  Offerpad Solutions Inc. reported Q4 2023 results: revenue $240.5 million.
  - Period: Q4 2023
  - Revenue: $240.5 million
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1825024/000119312524046212/0001193125-24-046212-index.htm

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