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Offerpad lifts revolving loan capacity to $200M from $150M; maturity set at Aug 1, 2027
OP SPE Summit LLC, an Offerpad subsidiary, amended its revolving loan on Oct 7, 2026, increasing uncommitted borrowing capacity to $200M from $150M.
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Offerpad expands board to seven, appoints Benjamin Graboske as Class III director
Board size increased from six to seven directors on September 3, 2026.
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Offerpad subsidiary upsizes revolving credit facility from $100M to $150M
First Amendment to Second Amended Revolving Loan dated Aug 26, 2026 raises borrowing capacity from $100M to $150M.
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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.