secwatch.observer — SEC 8-K summary
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Issuer:     Offerpad Solutions Inc. (OPAD)
CIK:        0001825024
Form:       8-K
Filed at:   2026-02-23T23:59:59+00:00
Accession:  0001193125-26-064003
Event type: earnings
Sentiment:  negative
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Offerpad Q4 2025 revenue $114.1M, net loss narrows to $8.8M; guides Q1 2026 $70-95M
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- Q4 2025 revenue $114.1M, down 35% YoY; net loss $8.8M ($0.24 EPS) vs loss $17.3M ($0.63) in Q4 2024.
- Adjusted EBITDA loss of $6.9M improved from $11.5M loss a year ago; gross profit per home sold up 22% to $25,700.
- Full-year 2025 Renovate revenue $27M, up ~50% YoY; four-solution platform expansion.
- Q1 2026 outlook: revenue $70M-$95M, 250-300 transactions; targeting EBITDA positive before year-end.
- Cash and equivalents $26.5M at Dec 31, 2025, down from $43M a year ago.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1825024/000119312526064003/0001193125-26-064003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1825024/000119312526064003/opad-20260223.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-064003

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer