<span item_type="fundamental" item_id="937bd0b28ca7bd96ab6e4f23fd021bb7" counter_id="ST/US/OPAD" env="prod"></span><span item_type="announcement" item_id="578826579784833921" 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><strong>Cash Offer</strong>: Revenue decreased by $80.1 million, or 39.5%, to $122.8 million for the three months ended September 30, 2025, compared to the same period in 2024. For the nine months ended September 30, 2025, revenue decreased by $296.9 million, or 40.9%, to $428.7 million compared to the same period in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1825024/000119312525262768/opad-20250930.htm"></span></li><li><strong>Other</strong>: Revenue increased by $4.7 million, or 89.4%, to $9.9 million for the three months ended September 30, 2025, compared to the same period in 2024. For the nine months ended September 30, 2025, revenue increased by $6.0 million, or 31.7%, to $25.0 million compared to the same period in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1825024/000119312525262768/opad-20250930.htm"></span></li></ul><h3>Operational Metrics</h3><ul><li><strong>Net Loss</strong>: Net loss was $11.6 million for the three months ended September 30, 2025, compared to $13.5 million for the same period in 2024. For the nine months ended September 30, 2025, net loss was $37.6 million compared to $44.8 million for the same period in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1825024/000119312525262768/opad-20250930.htm"></span></li><li><strong>Gross Profit</strong>: Gross profit was $9.3 million for the three months ended September 30, 2025, compared to $17.1 million for the same period in 2024. For the nine months ended September 30, 2025, gross profit was $34.0 million compared to $61.6 million for the same period in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1825024/000119312525262768/opad-20250930.htm"></span></li></ul><h3>Cash Flow</h3><ul><li><strong>Operating Cash Flow</strong>: Net cash provided by operating activities was $16.3 million for the nine months ended September 30, 2025, compared to net cash used in operating activities of $12.4 million for the same period in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1825024/000119312525262768/opad-20250930.htm"></span></li><li><strong>Free Cash Flow</strong>: Net cash used in financing activities was $55.2 million for the nine months ended September 30, 2025, compared to $7.9 million for the same period in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1825024/000119312525262768/opad-20250930.htm"></span></li></ul><h3>Unique Metrics</h3><ul><li><strong>Real Estate Inventory Valuation Adjustment</strong>: The real estate inventory valuation adjustment was $2.0 million for the three months ended September 30, 2025, compared to $0.8 million for the same period in 2024. For the nine months ended September 30, 2025, the adjustment was $4.8 million compared to $2.0 million for the same period in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1825024/000119312525262768/opad-20250930.htm"></span></li></ul><h3>Future Outlook and Strategy</h3><ul><li><strong>Core Business Focus</strong>: Offerpad plans to continue focusing on selling through aged real estate inventory and optimizing capital allocation across high-performing markets. The company is also focused on growing its asset-light platform offerings and using pricing adjustments to drive consumer demand.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1825024/000119312525262768/opad-20250930.htm"></span></li><li><strong>Non-Core Business</strong>: Offerpad is expanding its B2B Renovate business services and has become a preferred provider of renovation services on Auction.com’s marketplace. The company is also enhancing its HomePro program to streamline and optimize the assessment process for agents.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1825024/000119312525262768/opad-20250930.htm"></span></li></ul><h3>Priority</h3><ul><li>Offerpad is prioritizing the optimization of its capital allocation and the growth of its asset-light platform offerings, which require lower levels of capital investment compared to its Cash Offer solution.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1825024/000119312525262768/opad-20250930.htm"></span></li></ul>

Offerpad Solutions | 10-Q: FY2025 Q3 Revenue Misses Estimate at USD 132.68 M