Offerpad reports smaller net loss in Q2

Offerpad Solutions

04/08/2025 21:47

Overview

Offerpad Q2 revenue of $160.3 mln missed analyst expectations, per LSEG data

Adjusted EBITDA loss of $4.8 mln beat analyst estimates, per LSEG data

Company raised $21 mln in July, boosting total liquidity to over $75M

Outlook

Offerpad expects Q3 2025 revenue of $130 mln to $150 mln

Company anticipates selling 360 to 410 homes in Q3 2025

Offerpad anticipates continued sequential improvement in Adjusted EBITDA

Result Drivers

ASSET-LIGHT SERVICES - Offerpad reports strong momentum across asset-light services, supporting platform scalability and long-term growth

HOMEPRO EXPANSION - HomePro service now live in all markets, driving engagement with specialized agents delivering in-person selling solutions

RECORD RENOVATE REVENUE - Renovate product delivered $6.4 mln in revenue, highest quarterly revenue since launch, reflecting increased demand

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Miss
$160.30 mln
$178.90 mln (4 Analysts)
Q2 Net Income
-$10.90 mln
Q2 Adjusted EBITDA
Beat
-$4.80 mln
-$5.37 mln (3 Analysts)
Q2 Gross Profit
$14.20 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 4 "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 $1.00, about 22% below its August 1 closing price of $1.22

Press Release: ID:nBw6LdTXra

(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.)