Quarterly ResultApr 30, 2026, 04:24 PM
OPAD Q1 Revenue $80.1M; Net Loss ($10.1M); Q2 Revenue Guidance $80-90M
AI Summary
Offerpad Solutions Inc. reported Q1 2026 revenue of $80.1 million and a net loss of ($10.1 million), an improvement from the prior year. The company closed 263 real estate transactions and reduced its Adjusted EBITDA loss sequentially to ($6.7 million). Offerpad expects Q2 2026 revenue between $80 million and $90 million, with 300-350 transactions, and anticipates achieving Adjusted EBITDA positive before the end of 2026.
Key Highlights
- Q1 2026 revenue was $80.1 million, down 50% year-over-year.
- Reported a net loss of ($10.1 million) in Q1 2026, a 33% improvement year-over-year.
- Adjusted EBITDA loss improved to ($6.7 million) in Q1 2026, a 14% improvement year-over-year.
- Closed 263 real estate transactions in Q1 2026, a 49% decrease year-over-year.
- Diluted net loss per share was ($0.22), a 60% improvement year-over-year.
- Q2 2026 revenue guidance is $80 million to $90 million.
- Q2 2026 real estate transaction guidance is 300 to 350, a 14-33% sequential increase.
- Aims to exit 2026 at a run-rate of approximately 1,000 home transactions per quarter.