---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-193922"
form_type: "8-K"
ticker: "OPAD"
cik: "0001825024"
company_name: "Offerpad Solutions Inc."
filed_at: "2024-08-05T23:59:59+00:00"
generated_at: "2026-05-31T13:12:51.533370+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Offerpad Q2 revenue $251M, net loss -$13.8M; Q3 guidance for sequential EBITDA improvement

## Summary
- Revenue $251.1M, down 12% QoQ but up 9% YoY; net loss -$13.8M improved 38% YoY.
- Gross margin 8.7%, third consecutive quarterly improvement; gross profit per home $29.5k (+10% QoQ).
- Adjusted EBITDA -$4.4M, improved 74% YoY; contribution profit after interest per home $14.5k vs -$2.9k YoY.
- Renovate segment revenue $4.9M, up 306% YoY; added Fannie Mae and Freddie Mac as clients.
- Q3 outlook: 550-650 homes sold, revenue $185-225M, sequential Adj. EBITDA improvement expected.

## SEC filing metadata
- accession: 0001193125-24-193922
- form_type: 8-K
- ticker: OPAD
- cik: 0001825024
- company_name: Offerpad Solutions Inc.
- filed_at: 2024-08-05T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1825024/000119312524193922/0001193125-24-193922-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1825024/000119312524193922/d860459d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-193922
- JSON: https://secwatch.observer/filing/0001193125-24-193922.json
- Plain text: https://secwatch.observer/filing/0001193125-24-193922.txt

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