<span item_type="fundamental" item_id="60159cbca892abca481c14c3bada0086" counter_id="ST/US/OPAD" env="prod"></span><span item_type="announcement" item_id="578812906376272769" env="prod"></span><p>Revenue: As of FY2025 Q3, the actual value is USD 132.68 M, missing the estimate of USD 173.01 M.</p><p>EPS: As of FY2025 Q3, the actual value is USD -0.37, missing the estimate of USD -0.33.</p><p>EBIT: As of FY2025 Q3, the actual value is USD -3.247 M.</p><p></p><h3>Segment Revenue</h3><ul><li>Total revenue for Q3 2025 was $132.7 million, with 367 homes sold during the quarter.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1825024/000119312525262580/d18006dex991.htm"></span></li><li>Offerpad Renovate generated $8.5 million in revenue, marking the highest quarterly revenue since its launch.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1825024/000119312525262580/d18006dex991.htm"></span></li></ul><h3>Operational Metrics</h3><ul><li>Gross margin for Q3 2025 was 7.0%.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1825024/000119312525262580/d18006dex991.htm"></span></li><li>Net loss for the quarter was - $11.6 million, an improvement from the net loss of - $13.5 million in Q3 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1825024/000119312525262580/d18006dex991.htm"></span></li><li>Adjusted EBITDA loss was - $4.6 million, showing a 4% sequential improvement from Q2 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1825024/000119312525262580/d18006dex991.htm"></span></li><li>Operating expenses improved by 38% year over year, reflecting cost efficiencies and streamlined operations.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1825024/000119312525262580/d18006dex991.htm"></span></li></ul><h3>Cash Flow</h3><ul><li>Unrestricted cash at the end of Q3 2025 was $31.0 million.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1825024/000119312525262580/d18006dex991.htm"></span></li><li>Total liquidity exceeded $75 million, bolstered by Q3 and ongoing capital raise activities.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1825024/000119312525262580/d18006dex991.htm"></span></li></ul><h3>Unique Metrics</h3><ul><li>Homes acquired in Q3 2025 were 203, a 54% decrease from Q2 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1825024/000119312525262580/d18006dex991.htm"></span></li><li>Gross profit per home sold was $25,400, a decrease from $31,400 in Q2 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1825024/000119312525262580/d18006dex991.htm"></span></li></ul><h3>Outlook / Guidance</h3><ul><li>Offerpad expects Q4 2025 revenue to be between $100 million and $125 million, with 300 to 350 homes sold.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1825024/000119312525262580/d18006dex991.htm"></span></li><li>The company anticipates Adjusted EBITDA to be similar to Q3 2025 as it focuses on scaling asset-light services and maintaining cost discipline.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1825024/000119312525262580/d18006dex991.htm"></span></li></ul>

Offerpad Solutions | 8-K: FY2025 Q3 Revenue Misses Estimate at USD 132.68 M