Offerpad Solutions Inc.

For the period ended Sep 30, 2025. Filed Nov 3, 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.

Sep 30, 2025 · Filed Nov 3, 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 · Nine Months Ended
	September 30,		September 30,
(in thousands, except per share data) (Unaudited)	2025	2024	2025	2024
Revenue	$132,681	$208,067	$453,694	$744,547
Cost of revenue	123,345	190,927	419,662	682,941
Gross profit	9,336	17,140	34,032	61,606
Operating expenses:
Sales, marketing and operating	10,141	16,864	37,157	59,546
General and administrative	5,149	8,254	20,141	30,747
Technology and development	788	947	2,794	3,684
Total operating expenses	16,078	26,065	60,092	93,977
Loss from operations	(6,742)	(8,925)	(26,060)	(32,371)
Other income (expense):
Change in fair value of warrant liabilities	(987)	14	(915)	349
Interest expense	(3,646)	(5,114)	(10,833)	(14,600)
Other income, net	151	512	691	1,881
Total other expense	(4,482)	(4,588)	(11,057)	(12,370)
Loss before income taxes	(11,224)	(13,513)	(37,117)	(44,741)
Income tax expense	(380)	(24)	(447)	(93)
Net loss	$(11,604)	$(13,537)	$(37,564)	$(44,834)
Net loss per share, basic	$(0.37)	$(0.49)	$(1.30)	$(1.64)
Net loss per share, diluted	$(0.37)	$(0.49)	$(1.30)	$(1.64)
Weighted average common shares outstanding, basic	31,281	27,439	28,885	27,388
Weighted average common shares outstanding, diluted	31,281	27,439	28,885	27,388

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.