---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-243790"
form_type: "8-K"
ticker: "OPAD"
cik: "0001825024"
company_name: "Offerpad Solutions Inc."
filed_at: "2025-10-20T23:59:59+00:00"
generated_at: "2026-05-17T03:16:47.796051+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Offerpad Q3 prelim: revenue $132.7M, net loss $11.6M; enters $15M related-party facility

## Summary
- Preliminary Q3 revenue $132.7M, net loss $11.6M, Adjusted EBITDA -$4.6M; sold 367 homes.
- Entered 18-month $15M senior secured facility with a related party; $7.5M committed, $7.5M uncommitted.
- Cash and equivalents $31M at Sep 30; 36.5M Class A shares outstanding as of Oct 17.
- Facility borrowings accrue interest at SOFR plus variable margin, with floor rate.

## SEC filing metadata
- accession: 0001193125-25-243790
- form_type: 8-K
- ticker: OPAD
- cik: 0001825024
- company_name: Offerpad Solutions Inc.
- filed_at: 2025-10-20T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1825024/000119312525243790/0001193125-25-243790-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1825024/000119312525243790/d72059d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-243790
- JSON: https://secwatch.observer/filing/0001193125-25-243790.json
- Plain text: https://secwatch.observer/filing/0001193125-25-243790.txt

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