Offerpad Q1 revenue $160.7M, net loss -$15.1M; Renovate revenue record $5.3M

Offerpad Solutions Inc.

2025-Q1 EPS reported -$0.55 revenue$160,698,000

Revenue $160.7M, down 44% YoY and 8% QoQ; homes sold 460 (-46% YoY).
Net loss $15.1M improves 13% QoQ; adjusted EBITDA -$7.8M improves 32% QoQ.
Renovate segment revenue $5.3M record, up 29% sequentially; Agent Partnership Program acquisitions 42% of total.
Gross profit per home sold $22.8k, up 8% QoQ but down 14% YoY; inventory 671 homes, 13% aged over 180 days.
Q2 guidance: homes sold 500-550, revenue $160M-$190M, adjusted EBITDA sequential improvement.

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