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/Mis Actual Consensu

s s

Estimate

Q2 Miss $160.30 $178.90

Revenue mln mln (4

Analysts

)

Q2 Net -$10.90

Income mln

Q2 Beat -$4.80 -$5.37

Adjusted mln mln (3

EBITDA Analysts

)

Q2 Gross $14.20

Profit 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 ( OPAD ) is $1.00, about 22% below its August 1 closing price of $1.22

Press Release:

(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.)