Offerpad Solutions Inc.
For the period ended Sep 30, 2026. Filed Nov 2, 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.
Sep 30, 2026 · Filed Nov 2, 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
| September 30, · December 31, | |||
|---|---|---|---|
| (in thousands, except par value per share) (Unaudited) · 2026 · 2025 | |||
| ASSETS | |||
| Current assets: | |||
| Cash and cash equivalents | $12,106 | $26,543 | |
| Restricted cash | 2,356 | 1,627 | |
| Accounts receivable | 5,434 | 7,938 | |
| Real estate inventory | 231,121 | 93,793 | |
| Prepaid expenses and other current assets | 1,528 | 1,792 | |
| Total current assets | 252,545 | 131,693 | |
| Property and equipment, net | 13,699 | 14,673 | |
| Other non-current assets | 7,928 | 8,405 | |
| TOTAL ASSETS | (1) | $274,172 | $154,771 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | |||
| Current liabilities: | |||
| Accounts payable | $3,585 | $1,667 | |
| Accrued and other current liabilities | 9,289 | 8,698 | |
| Secured credit facilities and other debt, net | 197,755 | 75,494 | |
| Secured credit facilities with a related party, net | 3,429 | 2,582 | |
| Warrant liabilities | — | 361 | |
| Total current liabilities | 214,058 | 88,802 | |
| Revolving credit facility, net | 19,715 | 14,650 | |
| Other long-term liabilities | 12,314 | 13,100 | |
| Total liabilities | (2) | 246,087 | 116,552 |
| Commitments and contingencies (Note 15) | |||
| Stockholders’ equity: | |||
| Class A common stock, $0.0001 par value; 2,000,000 shares authorized; 5,138 and 3,721 shares issued and outstanding as of September 30, 2026 and December 31, 2025, respectively | 1 | — | |
| Additional paid-in capital | 565,387 | 544,649 | |
| Accumulated deficit | (537,303) | (506,430) | |
| Total stockholders’ equity | 28,085 | 38,219 | |
| TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY | $274,172 | $154,771 | |
(1)
Consolidated assets as of September 30, 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,$2,031 and$1,302; Accounts receivable, $217 and $303; Real estate inventory, $231,121 and $93,793; Prepaid expenses and other current assets, $244 and $169; Property and equipment, net, $5,557 and $5,611; Total assets,$239,170 and$101,178, respectively.
(2)
Consolidated liabilities as of September 30, 2026 and December 31, 2025 include the following liabilities for which the VIE creditors do not have recourse to Offerpad: Accounts payable,$1,665 and$398; Accrued and other current liabilities, $1,051 and $526; Secured credit facilities and other debt, net, $201,184 and $78,076; Total liabilities,$203,900 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.