NYSE$OPAD
Offerpad Solutions Inc · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Offerpad's net loss and adjusted EBITDA improved compared to the prior year.
Offerpad Solutions Inc. reported its Q3 2024 financial results, with revenue at the high end of guidance. The company focused on expanding asset-light services, strengthening partnerships, and optimizing its organization. Net loss and adjusted EBITDA improved by 32% and 53%, respectively, compared to the prior year.
- Net loss and adjusted EBITDA improved 32% and 53%, respectively, from the prior year.
- Gross profit per home sold was $27.9k.
- Contribution profit after interest per home sold was $12.4k, with 30% via asset light services.
- Total operating expenses decreased to $26.1M, a 40% improvement from the prior year.
Headline financials
Revenue & EPS history
Offerpad · Revenue · Quarterly
$208M
Revenue by segment
Offerpad · $2.81M total across 1 segment · Q1 2023
- Renovate$2.81M—100.0%
Forward guidance
Offerpad provided its Q4 2024 outlook, expecting homes sold between 480 and 540 and revenue between $160M and $185M. Adjusted EBITDA is expected to be slightly lower.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2024
-5.9%
Avg return
Earnings day
-5.6%
Avg return
5 days after
+34.7%
Avg return
30 days after
25%
6 / 24 earnings
Positive
+26.4%
Q4 2021
Best reaction
-26.1%
Q3 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +0.4% | -17.0% | +859.2% | |
| Q4 2025 | -6.8% | -3.7% | -17.3% | |
| Q3 2025 | -26.1% | -21.7% | -13.9% | |
| Q1 2025 | -9.4% | +1.9% | +4.9% | |
| Q4 2024 | -3.6% | -10.0% | -18.2% | |
| Q3 2024 | +1.3% | +17.0% | +56.7% | |
| Q2 2024 | -16.8% | -22.5% | -7.2% | |
| Q1 2024 | -8.9% | -3.6% | -35.1% | |
| Q4 2023 | -6.5% | -6.9% | -9.1% | |
| Q3 2023 | +1.8% | +3.5% | +28.2% | |
| Q2 2023 | -4.9% | -14.0% | +5.8% | |
| Q1 2023 | -4.7% | +15.9% | +27.9% | |
| Q4 2022 | -9.8% | -18.2% | -26.6% | |
| Q3 2022 | -26.0% | -29.4% | -32.2% | |
| Q2 2022 | -17.7% | -20.5% | -36.4% | |
| Q1 2022 | +2.5% | -11.0% | -6.8% | |
| Q2 2021 | -11.4% | -12.5% | +1.8% | |
| Q4 2019 | -11.4% | -12.5% | +1.8% | |
| Q1 2020 | -11.4% | -12.5% | +1.8% | |
| Q4 2021 | +26.4% | +32.9% | +45.9% | |
| Q3 2021 | +2.3% | +11.0% | +5.5% | |
| Q1 2021 | +0.0% | +0.0% | +0.3% | |
| Q4 2020 | +0.0% | +0.0% | -1.3% | |
| Q2 2020 | +0.0% | +0.0% | -1.3% | |
| Q3 2020 | — | — | — |
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