{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-26-197276","form_type":"8-K","ticker":"OPAD","cik":"0001825024","company_name":"Offerpad Solutions Inc.","filed_at":"2026-04-30T23:59:59+00:00","discovered_at":"2026-05-14T18:02:33.022426+00:00","generated_at":"2026-05-15T01:04:50.865478+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Offerpad Q1 revenue $80.1M, down 50% YoY; net loss narrows to $10.1M","bullets":["Revenue $80.1M (-50% YoY); total transactions 263 (-49% YoY).","Net loss $10.1M (improved from $15.1M loss); diluted EPS -$0.22 vs -$0.55.","Adjusted EBITDA -$6.7M (improved from -$7.8M); gross profit per home sold $26,300 (+15%).","Q2 2026 outlook: revenue $80M-$90M, transactions 300-350, Adj. EBITDA to improve sequentially.","Referral volume in Brokerage Services Q1 exceeded full-year 2025; target to exit 2026 at ~1,000 quarterly transactions."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-26-197276","json":"https://secwatch.observer/filing/0001193125-26-197276.json","markdown":"https://secwatch.observer/filing/0001193125-26-197276.md","text":"https://secwatch.observer/filing/0001193125-26-197276.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1825024/000119312526197276/0001193125-26-197276-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1825024/000119312526197276/d112145d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T01:04:50.865478+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"bf54d270c8db0a098e86d73f4f67d492e8e5616a","claim":"Offerpad Solutions Inc. reported Q2 2026 results: revenue $80 million to $90 million. Guidance initiated.","evidence_excerpt":"For the second quarter of 2026, Offerpad expects revenue in the range of $80 million to $90 million, with 300-350 real estate transactions (14-33% sequential increase), and anticipates Adjusted EBITDA to improve sequentially, reaching Adjusted EBITDA positive before the end of 2026.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1825024/000119312526197276/0001193125-26-197276-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"Q2 2026"},{"label":"Revenue","value":"$80 million to $90 million"},{"label":"Guidance","value":"initiated"},{"label":"Result","value":"guidance update"}]},{"claim_id":"cfa2fe587cefbe834e996dad978f537ecfab4eeb","claim":"Offerpad Solutions Inc. reported three months ended March 31, 2026 results: revenue $80.1 million, net income ($10.1 million), EPS ($0.22).","evidence_excerpt":"OPAD) , a leading tech-enabled real estate solutions company, today reported financial results for the first quarter ended March 31, 2026. During the quarter, Offerpad generated $80.1 million in revenue and closed 263 real estate transactions. Results reflect continued execution against the Company’s 2026 priorities, including growing engagement across its","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1825024/000119312526197276/0001193125-26-197276-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"three months ended March 31, 2026"},{"label":"Revenue","value":"$80.1 million"},{"label":"Net income","value":"($10.1 million)"},{"label":"EPS","value":"($0.22)"},{"label":"Result","value":"reported results"}]}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}