Offerpad Solutions Inc.
For the period ended Mar 31, 2026. Filed Apr 30, 2026.
View on SEC.govAbout 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.
Mar 31, 2026 · Filed Apr 30, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Balance Sheets
| March 31, · December 31, | |||
|---|---|---|---|
| (in thousands, except par value per share) (Unaudited) · 2026 · 2025 | |||
| ASSETS | |||
| Current assets: | |||
| Cash and cash equivalents | $40,823 | $26,543 | |
| Restricted cash | 810 | 1,627 | |
| Accounts receivable | 8,219 | 7,938 | |
| Real estate inventory | 74,672 | 93,793 | |
| Prepaid expenses and other current assets | 2,613 | 1,792 | |
| Total current assets | 127,137 | 131,693 | |
| Property and equipment, net | 14,386 | 14,673 | |
| Other non-current assets | 8,248 | 8,405 | |
| TOTAL ASSETS | (1) | $149,771 | $154,771 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | |||
| Current liabilities: | |||
| Accounts payable | $2,122 | $1,667 | |
| Accrued and other current liabilities | 8,379 | 8,698 | |
| Secured credit facilities and other debt, net | 63,202 | 75,494 | |
| Secured credit facilities with a related party, net | 2,547 | 2,582 | |
| Warrant liabilities | 192 | 361 | |
| Total current liabilities | 76,442 | 88,802 | |
| Revolving credit facility, net | 14,684 | 14,650 | |
| Other long-term liabilities | 12,804 | 13,100 | |
| Total liabilities | (2) | 103,930 | 116,552 |
| Commitments and contingencies (Note 15) | |||
| Stockholders’ equity: | |||
| Class A common stock, $0.0001 par value; 2,000,000 shares authorized; 47,287 and 37,211 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively | 5 | 4 | |
| Additional paid in capital | 562,399 | 544,645 | |
| Accumulated deficit | (516,563) | (506,430) | |
| Total stockholders’ equity | 45,841 | 38,219 | |
| TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY | $149,771 | $154,771 | |
(1)
Consolidated assets as of March 31, 2026 and December 31, 2025 include the following assets of certain variable interest entities (“VIEs”) that can only be used to settle the liabilities of those VIEs: Restricted cash,$485 and$1,302; Accounts receivable, $348 and $303; Real estate inventory, $74,672 and $93,793; Prepaid expenses and other current assets, $219 and $169; Property and equipment, net $5,590 and $5,611; Total assets of$81,314 and$101,178, respectively.
(2)
Consolidated liabilities as of March 31, 2026 and December 31, 2025 include the following liabilities for which the VIE creditors do not have recourse to Offerpad: Accounts payable,$351 and$398; Accrued and other current liabilities, $417 and $526; Secured credit facilities and other debt, net, $65,748 and $78,076; Total liabilities,$66,516 and$79,000, respectively.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.