---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-112790"
form_type: "8-K"
ticker: "OPAD"
cik: "0001825024"
company_name: "Offerpad Solutions Inc."
filed_at: "2025-05-05T23:59:59+00:00"
generated_at: "2026-05-22T18:34:43.445352+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-25-112790
- form_type: 8-K
- ticker: OPAD
- cik: 0001825024
- company_name: Offerpad Solutions Inc.
- filed_at: 2025-05-05T23:59:59+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/1825024/000119312525112790/0001193125-25-112790-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1825024/000119312525112790/d920688d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-112790
- JSON: https://secwatch.observer/filing/0001193125-25-112790.json
- Plain text: https://secwatch.observer/filing/0001193125-25-112790.txt

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