Offerpad Q1 revenue falls 50%

Offerpad Solutions

30/04/2026 21:23

Overview

U.S. real estate platform's Q1 revenue fell 50% yr/yr, missing analyst expectations

Adjusted EBITDA loss for Q1 widened and missed analyst consensus

Outlook

Offerpad expects Q2 2026 revenue of $80 mln to $90 mln

Company sees Q2 2026 real estate transactions of 300 to 350

Offerpad anticipates Adjusted EBITDA to improve sequentially and turn positive before end-2026

Result Drivers

PLATFORM ENGAGEMENT - Co said increased engagement across its multi-solution platform and improved conversion contributed to results

BROKERAGE SERVICES GROWTH - Referral volume in Brokerage Services exceeded full-year 2025 levels, with management citing accelerating engagement and a growing role in platform performance

RENOVATE PARTNER EXPANSION - Renovate expanded partner relationships in Q1, which the company said contributes to a foundation for continued growth

Company press release: ID:nBw7tjDgNa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Miss
$80.10 mln
$86.25 mln (3 Analysts)
Q1 EPS
-$0.22
Q1 Net Income
-$10.10 mln
Q1 Adjusted EBITDA
Miss
-$6.70 mln
-$6.11 mln (3 Analysts)
Q1 Gross Profit
$5.60 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the real estate services peer group is "buy."

Wall Street's median 12-month price target for Offerpad Solutions Inc is $1.40, about 77.8% above its April 29 closing price of $0.79

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)