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Offerpad to transfer stock listing from NYSE to Nasdaq effective Aug 31, 2026
Board authorized voluntary withdrawal from NYSE; Nasdaq approved listing; NYSE trading ends Aug 28, 2026.
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Offerpad Q2 revenue $77.7M, net loss narrows; gross margin highest since Q3 2023
Revenue $77.7M (down 52% YoY); net loss $9.3M vs $10.9M loss YoY; diluted EPS ($1.94) vs ($3.93).
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Offerpad Solutions implements 1-for-10 reverse stock split effective June 9, 2026
1-for-10 reverse stock split effective June 9, 2026; new CUSIP 67623L 505; symbol unchanged OPAD.
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Offerpad announces 1-for-10 reverse stock split effective June 8, 2026
Stockholders approved reverse split ratio range 1-for-5 to 1-for-50; board chose 1-for-10.
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Offerpad Q1 revenue $80.1M, down 50% YoY; net loss narrows to $10.1M
Revenue $80.1M (-50% YoY); total transactions 263 (-49% YoY).
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Offerpad files shelf takedown for up to $69.7M ATM equity offering via Jefferies
Filed prospectus supplement for at-the-market offering of up to $69,738,969 in Class A common stock.
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Offerpad receives NYSE non-compliance notice for average stock price below $1.00
NYSE notified Offerpad on March 3, 2026; avg closing price <$1.00 over 30 consecutive trading days.
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Offerpad Q4 2025 revenue $114.1M, net loss narrows to $8.8M; guides Q1 2026 $70-95M
Q4 2025 revenue $114.1M, down 35% YoY; net loss $8.8M ($0.24 EPS) vs loss $17.3M ($0.63) in Q4 2024.
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Offerpad appoints Tela Mathias to board, replacing Katie Curnutte
Katie Curnutte resigned from Offerpad board effective Feb 13, 2026.
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Offerpad raises $18M via 10M-share equity offering at $1.80/share
Issued 10,000,000 shares of Class A common stock at $1.80 per share for gross proceeds of $18.0 million.
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Offerpad Q3 revenue $132.7M, net loss $11.6M; liquidity over $75M, Q4 guide $100-125M
Revenue $132.7M on 367 homes sold, down 36% YoY; gross margin 7.0%.
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Offerpad Q3 prelim: revenue $132.7M, net loss $11.6M; enters $15M related-party facility
Preliminary Q3 revenue $132.7M, net loss $11.6M, Adjusted EBITDA -$4.6M; sold 367 homes.
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Offerpad enters ATM offering agreement for up to $100M in common stock
Opens at-the-market equity facility with Jefferies LLC for up to $100M of Class A common stock.
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Offerpad Q2 revenue $160.3M, net loss $10.9M; raises $21M in July, liquidity >$75M
Revenue of $160.3M, homes sold 452; net loss of $10.9M ($0.39 diluted loss per share).
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Offerpad raises $6M in registered direct offering with warrants
Issued 2,857,143 shares of Class A common stock and warrants for 1,428,571 shares at $2.10 per unit.
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Offerpad reports preliminary Q2 revenue $160.3M, net loss $10.9M; $15M debt facility
Revenue of $160.3M, net loss of $(10.9)M, Adjusted EBITDA loss of $(4.8)M for Q2 2025.
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Offerpad subsidiary reduces senior credit facility from $375M to $175M
OP SPE Borrower Parent and two units agreed to cut Citibank facility from $375M to $175M.
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Offerpad amends Citibank facility: committed cut to $25M, uncommitted raised to $375M
Committed senior facility reduced from $150M to $25M; uncommitted facility increased from $250M to $375M.
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Offerpad reduces credit capacity; extends loan maturities to Aug 2025
Revolving Senior Loan reduced to $50M available ($25.54M committed); maturity Aug 31, 2025.
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Offerpad Q1 revenue $160.7M, net loss -$15.1M; Renovate revenue record $5.3M
Revenue $160.7M, down 44% YoY and 8% QoQ; homes sold 460 (-46% YoY).
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Offerpad appoints new director, SVP Finance resigns; board rebalanced
Donna Corley appointed Class II director, chairing Audit Committee; replaces Sheryl Palmer after 2025 Annual Meeting.
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Offerpad receives NYSE delisting notice for market cap and equity below $50M
NYSE notified Offerpad on April 10, 2025 of non-compliance: avg market cap and last reported equity each <$50M.
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Offerpad approves employment agreement with SVP Finance James Grout; base salary $325K
Employment agreement effective March 1, 2025, for James Grout as SVP Finance.
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Offerpad reports Q4 2024 revenue $174.3M, net loss $17.3M; FY2024 net loss improves 47% to $62.2M
Q4 2024: homes sold 503 (-29% YoY), revenue $174.3M (-28%), net loss $17.3M.
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Offerpad amends credit facilities to uncommitted, extends maturity to July 2026
The $200M senior facility and $45M mezzanine facility are now entirely uncommitted.
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Offerpad Q3 net loss narrows 32% YoY to $13.5M; revenue $208.1M (-11% YoY)
Net loss improved 32% to $13.5M ($0.49 diluted EPS); Adjusted EBITDA loss improved 53% to $6.2M.
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Offerpad Q2 revenue $251M, net loss -$13.8M; Q3 guidance for sequential EBITDA improvement
Revenue $251.1M, down 12% QoQ but up 9% YoY; net loss -$13.8M improved 38% YoY.
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Offerpad extends credit facility maturity to June 2026, cuts committed amount to $150M
Maturity extended from June 2025 to June 26, 2026; revolving period extended to Dec 26, 2025.
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Offerpad amends CEO and officers' LTIP awards; extends performance period, adjusts price targets
Performance period shifted to June 12, 2024 – June 12, 2027 (was 2023–2026); vesting delayed by one year.
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Offerpad stockholders elect directors, ratify auditor, approve say-on-pay at 2024 annual meeting
Elected Ryan O'Hara (18,465,100 for) and Sheryl Palmer (18,487,713 for) as Class III directors.
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Offerpad appoints Peter Knag as CFO effective June 5, 2024; terms include $500K base salary and equity awards
Peter Knag appointed CFO effective June 5, 2024, succeeding James Grout who remains SVP Finance.
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Offerpad principal accounting officer Hiten Patel resigns; James Grout appointed
Hiten Patel, SVP Controller and principal accounting officer, resigned effective May 30, 2024 to pursue another opportunity.
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Offerpad Q1 revenue $285M at high end of guidance; net loss improves 71% YoY to $17.5M
Revenue $285.4M (sequentially +19%, YoY -53%); gross profit $22.6M up 210% YoY.
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Offerpad reports Q4 2023 revenue $240.5M, net loss $15.4M; guides Q1 2024 revenue $245M-$285M
Q4 homes sold 712, revenue $240.5M, net loss $15.4M ($0.57 diluted loss per share); Adjusted EBITDA loss $7.0M.
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Offerpad Solutions increases base salaries for three executives; retention bonuses for two
CLO Ben Aronovitch base salary raised to $475k from $375k, effective Jan 1, 2024.
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Offerpad CFO Jawad Ahsan departs; Grout and Patel named interim PFO and PAO
CFO Jawad Ahsan separated from Offerpad on Dec 11, 2023 by mutual agreement; no severance.
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Offerpad's warrants to be delisted by NYSE due to abnormally low price; common stock unaffected
NYSE notified Offerpad that warrants (OPADWS) are unsuitable for listing due to abnormally low prices.
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Offerpad amends loan agreements, extends maturities to 2025, reduces borrowing capacity
Maturity of Revolving Senior and Mezz Loans extended to March 31, 2025, with Runoff Date to Sept 30, 2025.
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Offerpad Q3 revenue $234.2M (up 2% QoQ), net loss narrows to $20.0M; guides Q4 Adj EBITDA ($10M)-$0M
Revenue $234.2M, up 2% QoQ from $230.1M; gross margin improved to 10.2% from 9.7%.
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Offerpad enters $245M loan facility with JPMorgan; $122.5M committed, maturity July 2025
Senior facility of $200M ($100M committed) and mezzanine facility of $45M ($22.5M committed).
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Offerpad extends loan revolving period to Oct 10, 2023 while negotiating renewal
Amendment No. 5 extends Revolving Period from Sep 10 to earliest of Oct 10, 2023, default, or early amortization.
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Offerpad Q2 2023 revenue $230.1M, net loss narrows to $22.3M; Q3 guidance provided
Revenue $230.1M (down 79% YoY but beat guidance high end by 15%); gross margin 9.7% highest since Q3 2021.
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Offerpad appoints Axon veteran Jawad Ahsan as CFO, effective July 10
Jawad Ahsan named CFO effective July 10, 2023; former CFO of Axon (market cap grew from $1B to $13B).
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Offerpad extends credit facility maturity from June 7, 2024 to June 16, 2025
Extends maturity of credit facility from June 7, 2024 to June 16, 2025.
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Offerpad effects 1-for-15 reverse stock split, eliminates Class B & C shares after stockholder vote
Reverse stock split of Class A and Class B common stock at 1-for-15 ratio effective June 13, 2023; new CUSIP 67623L307.
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Offerpad to effect 1-for-15 reverse stock split on June 12 to meet NYSE price requirement
Reverse split approved by stockholders and Board; ratio 1-for-15.
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Offerpad Q1 net loss $59.4M, revenue down 56% YoY; guides Q2 revenue $140-200M
Q1 2023 revenue $609.6M, down 56% YoY from $1.37B; homes sold 1,609, down 14% QoQ.
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Delaware court validates Offerpad's amended charter and all shares issued under it
Court granted Section 205 order validating Third Amended and Restated Certificate of Incorporation as of Sept 1, 2021.
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Offerpad files Section 205 petition to validate capital structure after Boxed ruling uncertainty
Filed petition in Delaware Court of Chancery under DGCL Section 205 to validate Third Amended and Restated Certificate of Incorporation and all shares issued.
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Offerpad Q4 revenue $677M, net loss $121M; raises $90M equity; Q1 outlook weak
Q4 revenue $677.2M (-22% YoY); net loss $121.1M vs prior-year profit $12.8M.