Offerpad Q3 net loss narrows 32% YoY to $13.5M; revenue $208.1M (-11% YoY)

Offerpad Solutions Inc.

2024-Q3 EPS reported -$1.64 revenue$744,547,000

Net loss improved 32% to $13.5M ($0.49 diluted EPS); Adjusted EBITDA loss improved 53% to $6.2M.
Revenue $208.1M, down 11% YoY; homes sold 615 (-13%), homes acquired 422 (-55%).
Gross profit per home sold $27.9k (-18% YoY); contribution profit after interest per home sold $12.4k (-54% YoY).
Q4 2024 outlook: homes sold 480-540, revenue $160M-$185M, adjusted EBITDA slightly lower.

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