Offerpad reports Q4 2024 revenue $174.3M, net loss $17.3M; FY2024 net loss improves 47% to $62.2M

Offerpad Solutions Inc.

2024-FY EPS reported -$2.27 revenue$918,819,000

Q4 2024: homes sold 503 (-29% YoY), revenue $174.3M (-28%), net loss $17.3M.
FY2024 net loss $62.2M improved 47% from $117.2M; adjusted EBITDA improved 65% to -$29.2M.
Gross profit per home sold FY2024 $26.7k (up 40% YoY); contribution profit after interest $11.5k.
Operating expenses fell 32% to $118.2M; Renovate revenue >$18M in 2024, up 49% YoY.
Q1 2025 outlook: homes sold 450-500, revenue $150M-$170M, adjusted EBITDA 'slightly better'.

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