The earnings call highlighted strong performance in the Renovate business, new partnerships, and significant cost reductions. However, these positives were balanced by revenue declines, macroeconomic pressures, and a contingency plan for capital, indicating a mixed outlook.

Company Guidance -

Q2 2025

During the Offerpad First Quarter 2025 Earnings Call, the company provided guidance centered around several key metrics and strategic initiatives. Offerpad met the midpoint of its revenue guidance for Q1, driven by a balanced mix of offerings, including a standout performance from their Renovate business, which generated $5.3 million in revenue, marking its highest quarterly total. This contributed to an annualized run rate of approximately $20 million, underscoring Renovate as a key growth driver. Offerpad is also focusing on diversification through high-margin revenue streams and operational efficiencies, with the goal of achieving positive adjusted EBITDA and long-term growth. The company reported a Q1 net loss of $15.1 million, a 14% improvement year-over-year, with an adjusted EBITDA loss of $7.8 million, reflecting a sequential improvement of 32%. Offerpad's liquidity was strong, with unrestricted cash totaling $31 million and total liquidity exceeding $60 million. Looking ahead, Offerpad expects Q2 revenue to range between $160 million and $190 million, with 500 to 550 homes sold, and anticipates further improvements in adjusted EBITDA.

Record Performance in Renovate Business

The Renovate business delivered a record quarter with $5.3 million in revenue, marking an annualized run rate of approximately $20 million. This is the highest quarterly total since the launch of the product.

New Partnership with Auction.com

Offerpad announced a new partnership with auction.com, where Offerpad Renovate will become a preferred provider of renovation services for buyers on their platform.

Increase in Offer Requests

Offer requests rose 33% quarter-over-quarter, and website traffic steadily increased month-over-month, indicating strong consumer interest.

Significant Cost Reductions

Over the past 24 months, Offerpad has reduced annual operating expenses by approximately $115 million. Operating expenses for the first quarter were $16.4 million, a $1.7 million sequential improvement and an $11.4 million year-over-year reduction.

Sequential Improvement in Adjusted EBITDA

Adjusted EBITDA loss for the first quarter was $7.8 million, showing a sequential improvement of 32% or $3.7 million.

Appointment of Donna Corley to Board of Directors

Donna Corley, with nearly 30 years of housing finance experience, joined Offerpad's Board of Directors, bringing strategic insight and financial expertise.

Offerpad Solutions (OPAD) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

OPAD Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Aug 04, 2025	2025 (Q2)	-0.35 / -	-0.503	―	―	―
May 05, 2025	2025 (Q1)	-0.51 / -0.54	-0.653	17.76% (+0.12)	―
Feb 24, 2025	2024 (Q4)	-0.45 / -0.63	-0.57	-10.53% (-0.06)	―
Nov 04, 2024	2024 (Q3)	-0.36 / -0.49	-0.73	32.88% (+0.24)	―
Aug 05, 2024	2024 (Q2)	-0.29 / -0.50	-0.82	38.66% (+0.32)	―
May 06, 2024	2024 (Q1)	-0.40 / -0.65	-2.55	74.39% (+1.90)	―
Feb 26, 2024	2023 (Q4)	-0.43 / -0.57	-7.35	92.24% (+6.78)	―
Nov 01, 2023	2023 (Q3)	-0.63 / -0.73	-4.976	85.33% (+4.25)	―
Aug 02, 2023	2023 (Q2)	-1.57 / -0.82	0.6	-236.67% (-1.42)	―
May 03, 2023	2023 (Q1)	-3.42 / -2.55	2.4	-206.25% (-4.95)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

OPAD Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
May 05, 2025	$1.03	$0.95	-7.77%
Feb 24, 2025	$2.20	$2.12	-3.64%
Nov 04, 2024	$3.27	$3.16	-3.36%
Aug 05, 2024	$3.93	$3.33	-15.27%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Offerpad Solutions (OPAD) report earnings?

Offerpad Solutions (OPAD) is schdueled to report earning on Aug 04, 2025, After Close (Confirmed).

What is Offerpad Solutions (OPAD) earnings time?

Offerpad Solutions (OPAD) earnings time is at Aug 04, 2025, After Close (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is OPAD EPS forecast?

OPAD EPS forecast for the fiscal quarter 2025 (Q2) is -0.36.

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