Overview

* Offerpad Q3 2025 revenue of $132.7M missed analyst expectations

* Adjusted EBITDA for Q3 2025 missed analyst estimates

* Company improved operating expenses by 38% yr/yr, reflecting cost efficiencies

Outlook

* Offerpad expects Q4 2025 revenue between $100 mln and $125 mln

* Company anticipates selling 300 to 350 homes in Q4 2025

* Adjusted EBITDA for Q4 2025 expected to be similar to Q3 2025

Result Drivers

* ASSET-LIGHT SERVICES - Expansion of asset-light services like HomePro, Renovate, and Direct+ positions Offerpad for scalable, higher-margin growth

* COST EFFICIENCIES - Operating expenses improved by 38% yr/yr due to ongoing cost efficiencies and streamlined operations

* LIQUIDITY STRENGTHENING - Total liquidity exceeds $75M, supported by Q3 and ongoing capital raise activities

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Miss $132.69 $173.01

Revenue mln mln (4

Analysts

)

Q3 Net -$11.60

Income mln

Q3 Miss -$4.60 -$2.97

Adjusted mln mln (4

EBITDA Analysts

)

Q3 Gross $9.30

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 $1.15, about 103.5% below its October 31 closing price of $2.34

Press Release:

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(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.)