Offerpad Reports Third Quarter 2026 Results; Fee-Based Channels Reach 35% of Closings
Business Wire•02/11/2026•16:15 ET
0
Key Highlights
- ➤Q3 revenue $78.1 million, down 41% year over year
- ➤Adjusted EBITDA loss $7.5 million, widening 65% year over year
- ➤Fee-based channels reached approximately 35% of Q3 closed transactions
- ➤Q4 outlook: 400–475 transactions and $100 million–$120 million revenue
- ➤Positive Adjusted EBITDA run rate now expected exiting Q2 2027
Expert Statements
Andrew Pieper, Interim Chief Financial Officer of Offerpad
“Our focus is converting inventory into cash and continuing to optimize our cost base. Together, we expect those actions to continue to support liquidity and lower the transaction volume required to reach Adjusted EBITDA breakeven.”
Brian Bair, Chairman and Chief Executive Officer of Offerpad
“Mortgage rates rose more than 70 basis points from mid-August to early October, putting additional pressure on housing affordability and slowing buyer demand.”
Brian Bair, Chairman and Chief Executive Officer of Offerpad
“As homes took longer to sell, we adjusted our acquisition criteria to require higher expected returns and became more selective about new purchases, while serving more sellers through Cash Offer Marketplace and Brokerage Services. Having multiple ways to serve homeowners gives us flexibility to keep growing transactions while maintaining capital discipline.”
Offerpad Reports Third Quarter 2026 Results; Fee-Based Channels Reach 35% of Closings
Offerpad Solutions Inc. (the “Company” or “Offerpad”) (Nasdaq: OPAD) (link) , a leading tech-enabled real estate solutions company, today reported financial results for the third quarter ended September 30, 2026.
Get started
Create a free account to read the full story.