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Offerpad Solutions (OPAD)
NYSE:OPAD
Earnings Data
Report Date
Jul 30, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
-0.36Last Year’s EPS
-0.5Same Quarter Last Year
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:May 05, 2025
|% Change Since: -7.77%
|Next Earnings Date:Jul 30, 2025
Earnings Call Sentiment|Neutral
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
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.
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OPAD Earnings History
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
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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.
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FAQ
When does Offerpad Solutions (OPAD) report earnings?
Offerpad Solutions (OPAD) is schdueled to report earning on Jul 30, 2025, TBA Not Confirmed.
What is Offerpad Solutions (OPAD) earnings time?
Offerpad Solutions (OPAD) earnings time is at Jul 30, 2025, TBA Not 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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