Offerpad Solutions Inc. (NYSE:OPAD) announced preliminary results for the third quarter ended September 30, 2025, reporting estimated revenue of $132.7 million and a net loss of $(11.6) million.
For the quarter, Offerpad estimates its revenue at $132.7 million, with an estimated net loss of $(11.6) million and an estimated Adjusted EBITDA of $(4.6) million. The company sold 367 homes during the period, and its cash and cash equivalents stood at $31.0 million as of September 30, 2025. These preliminary estimates are not a comprehensive statement of the company's financial results and have not been audited, reviewed, compiled, or subjected to any procedures by Deloitte & Touche LLP.
Separately, in October 2025, Offerpad entered into a new 18-month senior secured credit facility with a related party, providing an additional $15.0 million. This facility comprises $7.5 million in committed borrowing capacity and $7.5 million that is uncommitted. Borrowings under the 2025 Facility accrue interest at a rate based on a SOFR reference rate, plus a variable margin, with an interest floor rate. As of October 17, 2025, Offerpad had 36,486,108 shares of its Class A common stock outstanding.
