IBuyer Offerpad cuts Q1 loss and boosts acquisitions as sales fall
IBuyer Offerpad cuts Q1 loss and boosts acquisitions as sales fall
At $15.1M, Offerpad's Q1 net loss was down 14% from Q4 2024, with home acquisitions up 18% to 454. A 9% drop in home sales caused revenue to shrink by 8% to $160.7M
by Matt Carter May 5
Offerpad losses mount as iBuyer acquires and sells fewer homes
Offerpad losses mount as iBuyer acquires and sells fewer homes
$17.3M Q4 2024 net loss is a 28% increase from the previous quarter, as homes acquired dipped 9% to 384, and homes sold fell 18% to 503. Profits on each sale were also down 24%
by Matt Carter Feb 24