Offerpad home sales, acquisitions hit new low in Q3 2025
Offerpad home sales, acquisitions hit new low in Q3 2025
The cash offer platform hired former WarnerMedia executive Chris Carpenter as COO, but expects 'heightened seasonality' through the winter months
by Matt Carter Nov 3
Offerpad sees declining revenue, but trims losses during Q2
Offerpad sees declining revenue, but trims losses during Q2
Offerpad's revenue fell 36% year-over-year to $160.3M in Q2. However, its net losses declined 21% to $10.9M
by Marian McPherson Aug 4
Offerpad posts a decline in annual revenue, but improves Q1 losses
Offerpad posts a decline in annual revenue, but improves Q1 losses
The iBuyer lost $17.5M between January and March, according to an earnings call Monday afternoon. However, that represents a 71% improvement compared to a year earlier
by Jim Dalrymple II May 6
Offerpad narrows Q4 loss, expects to be back in black later this year
Offerpad narrows Q4 loss, expects to be back in black later this year
The iBuyer expects to sell between 750 and 850 homes during Q1 2024, generate $245M to $285M in revenue and achieve positive adjusted EBITDA earnings later this year
by Matt Carter Feb 26
Offerpad cutting more jobs in conjunction with $90M raise
Offerpad cutting more jobs in conjunction with $90M raise
Struggling iBuyer confirms the company has laid off an unspecified number of employees in a second round of layoffs, with more details coming on Feb. 22 Q4 earnings call
by Matt Carter Feb 2
Offerpad buys more time with $90M raise as end of runway approaches
Offerpad buys more time with $90M raise as end of runway approaches
Private placement with existing investors including CEO Brian Bair extends the company's cash burn runway by six months to a year, dilutes existing shareholders KBW analysts say
by Matt Carter Feb 1