Offerpad Solutions Inc. reported second-quarter 2026 results with revenue of $77.7M, a 51.6% decline from the year-ago quarter, and a net loss that narrowed to $9.29M as diluted loss per share improved to $(1.94) — according to its 10-Q.
Financial Highlights
- Revenue was $77.7M for Q2 2026, compared with $160.3M in Q2 2025; YoY change (51.6%).
- Net income was a loss of $9.29M for Q2 2026, compared with a loss of $10.90M in Q2 2025; improvement of $1.62M YoY.
- Diluted EPS was $(1.94) for Q2 2026, compared with $(3.93) in Q2 2025.
Business Highlights
- Cash Offer revenue declined roughly 52% year over year as the company intentionally reduced its acquisition pace and sold fewer homes.
- Brokerage Services and the Cash Offer Marketplace increased in strategic importance as fee-based, lower-capital channels for growth.
- Offerpad launched AI platforms SCOUT and HENRY to enhance acquisition accuracy, underwriting and portfolio management.
- Average inventory holding period fell to 141 days in Q2 after selling aged inventory and increasing acquisition pace.
- Q2 gross margin improved to 9.2%, the highest since late 2023, with consecutive quarterly net loss improvements noted.
Original SEC Filing:
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