Offerpad Solutions Inc.

For the period ended Jun 30, 2025. Filed Aug 4, 2025.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Jun 30, 2025 · Filed Aug 4, 2025

OPAD$2.11-1.9%Stored close · as of Nov 10, 2026

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Contents

Condensed Consolidated Statements of Operations

Three Months Ended · Six Months Ended
	June 30,		June 30,
(in thousands, except per share data) (Unaudited)	2025	2024	2025	2024
Revenue	$160,315	$251,122	$321,013	$536,480
Cost of revenue	146,126	229,251	296,317	492,014
Gross profit	14,189	21,871	24,696	44,466
Operating expenses:
Sales, marketing and operating	13,188	20,230	27,016	42,682
General and administrative	7,796	10,538	14,992	22,493
Technology and development	986	964	2,006	2,737
Total operating expenses	21,970	31,732	44,014	67,912
Loss from operations	(7,781)	(9,861)	(19,318)	(23,446)
Other income (expense):
Change in fair value of warrant liabilities	329	(9)	72	335
Interest expense	(3,665)	(4,581)	(7,187)	(9,486)
Other income, net	244	615	540	1,369
Total other expense	(3,092)	(3,975)	(6,575)	(7,782)
Loss before income taxes	(10,873)	(13,836)	(25,893)	(31,228)
Income tax (expense) benefit	(30)	54	(67)	(69)
Net loss	$(10,903)	$(13,782)	$(25,960)	$(31,297)
Net loss per share, basic	$(0.39)	$(0.50)	$(0.94)	$(1.14)
Net loss per share, diluted	$(0.39)	$(0.50)	$(0.94)	$(1.14)
Weighted average common shares outstanding, basic	27,770	27,385	27,667	27,362
Weighted average common shares outstanding, diluted	27,770	27,385	27,667	27,362

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.