{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-24-131934","form_type":"8-K","ticker":"OPAD","cik":"0001825024","company_name":"Offerpad Solutions Inc.","filed_at":"2024-05-06T23:59:59+00:00","discovered_at":"2026-05-14T18:03:20.429464+00:00","generated_at":"2026-06-02T22:21:12.216085+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 Q1 revenue $285M at high end of guidance; net loss improves 71% YoY to $17.5M","bullets":["Revenue $285.4M (sequentially +19%, YoY -53%); gross profit $22.6M up 210% YoY.","Net loss ($17.5M) improved 71% from ($59.4M); Adj. EBITDA ($7.1M) vs ($44.8M) YoY.","Time to Cash 113 days (down from 185); inventory 180+ days at 8.5% (down from 32.3%).","Renovate revenue over $5M with 398 projects (+78% YoY); asset-light services 43% of transactions.","Q2 outlook: homes sold 750-875, rev $250M-$300M, Adj. EBITDA approx. breakeven."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-24-131934","json":"https://secwatch.observer/filing/0001193125-24-131934.json","markdown":"https://secwatch.observer/filing/0001193125-24-131934.md","text":"https://secwatch.observer/filing/0001193125-24-131934.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1825024/000119312524131934/0001193125-24-131934-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1825024/000119312524131934/d786348d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-02T22:21:12.216085+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":"ae691a30dd00e762612170866bc16b1ab8715697","claim":"Offerpad Solutions Inc. reported three months ended March 31, 2024 results: revenue $285.4M, net income ($17.5M), EPS ($0.64).","evidence_excerpt":"about what the future holds.” Q1 2024 Financial Results (quarter over quarter) Q1 2024 Q4 2023 Percentage Change Homes acquired 806 678 19% Homes sold 847 712 19% Revenue $285.4M $240.5M 19% Gross profit $22.6M $16.7M 35% Net loss ($17.5M) ($15.4M) (13%) Adjusted EBITDA ($7.1M) ($7.0M) (1%) Diluted Net Loss per Share ($0.64) ($0.57) (12%) Gross profit","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1825024/000119312524131934/0001193125-24-131934-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"three months ended March 31, 2024"},{"label":"Revenue","value":"$285.4M"},{"label":"Net income","value":"($17.5M)"},{"label":"EPS","value":"($0.64)"},{"label":"Result","value":"reported results"}]}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}