Offerpad Solutions Inc. (OPAD) Form 10-Q — Nov 2, 2026
Offerpad's Q3 2026 revenue fell 41.2% year over year to $78.1 million, with a net loss of $11.5 million, as homes sold dropped 42.8% to 210 amid rising mortgage rates and a deliberately shrunken inventory pipeline. Gross margin improved to 8.3% from 7.0%, and the holding period shortened to 104 days, showing better unit economics even as volumes collapsed. The company ramped acquisitions to 605 homes in Q3 (up from 268 in Q2) to rebuild inventory, but began slowing purchases again in October as mortgage rates spiked toward 7.4%.
Key figures
- Revenue
- 78069000
- Revenue Yoy
- -41.2%
- Cash Position
- 12106000
- Shares Outstanding
- 5137774
- Homes sold q3
- 210
- Gross margin q3
- 8.3%
- Homes acquired q3
- 605
- Nine month revenue
- 235797000
- Avg resale price q3
- $351,000
- Reverse split ratio
- 1-for-10
- Homes under contract
- 133
- Purchase commitments
- $40.9 million
- Homes sold yoy change
- -42.8%
- Real estate inventory
- 231121000
- Avg holding period days
- 104
- Atm remaining availability
- $68.4 million
AI analysis
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