Offerpad Solutions Inc. ( (OPAD) ) has released its Q2 earnings. Here is a breakdown of the information Offerpad Solutions Inc. presented to its investors.
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Offerpad Solutions Inc., a real estate technology company, focuses on simplifying the home buying and selling process through its advanced platform and asset-light services. In its second quarter of 2025, Offerpad reported a revenue of $160.3 million with 452 homes sold, showcasing its operational discipline and the growing momentum of its asset-light services, which are crucial for its long-term growth strategy.
Key highlights from the quarter include a successful capital raise of $21 million in July, boosting the company’s liquidity to over $75 million. Offerpad’s HomePro service, now available in all markets, is enhancing seller engagement with in-person solutions, while Offerpad Renovate achieved its highest quarterly revenue of $6.4 million. Additionally, upgrades to the Direct+ platform are improving engagement with single-family rental buyers and aligning inventory with partner needs.
Financially, Offerpad saw a gross margin of 8.9% and an adjusted EBITDA loss of $4.8 million, marking a 39% sequential improvement. Despite a net loss of $10.9 million, the company improved its gross profit per home sold by 37% compared to the previous quarter. However, year-over-year comparisons show a decline in revenue and homes sold, reflecting broader market challenges.
Looking ahead, Offerpad anticipates third-quarter revenue between $130 million and $150 million with 360 to 410 homes sold. The company expects continued improvement in adjusted EBITDA as it scales its asset-light services and maintains cost discipline.