Offerpad Q2 FY26 net loss narrows 15% to $9.3 million; revenue drops 52% to $77.7 million

Reuters2026/08/03 20:18

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Offerpad posted Q2 revenue of $77.7 million, down 52% year over year; net loss narrowed to $9.3 million, improving 15%.
Gross margin rose 2.3 percentage points to 9.2%, the highest since Q3 2023; gross profit fell 50% to $7.1 million.
Total real estate transactions dropped 48% to 295; homes acquired fell 40% to 268, while homes sold slid 54% to 206.
Contract signings climbed through the quarter to 256 in June from 129 in April; about 90% of signed contracts convert to an acquisition.
Outlook calls for Q3 revenue of $90 million to $100 million on 350-400 transactions; adjusted EBITDA is expected to improve sequentially.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Offerpad Solutions Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20260803887138) on August 03, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Offerpad Q2 FY26 net loss narrows 15% to $9.3 million; revenue drops 52% to $77.7 million

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