Offerpad Q2 FY26 net loss narrows 15% to $9.3 million; revenue drops 52% to $77.7 million - OPAD News | RalliesOfferpad Q2 FY26 net loss narrows 15% to $9.3 million; revenue drops 52% to $77.7 million
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OPAD• Q2 results
- Offerpad posted Q2 revenue of $77.7 million, down 52% year over year; net loss narrowed to $9.3 million, improving 15%.
- Gross margin rose 2.3 percentage points to 9.2%, the highest since Q3 2023; gross profit fell 50% to $7.1 million.
- Total real estate transactions dropped 48% to 295; homes acquired fell 40% to 268, while homes sold slid 54% to 206.
Operating trends and outlook
- Contract signings climbed through the quarter to 256 in June from 129 in April; about 90% of signed contracts convert to an acquisition.
- Outlook calls for Q3 revenue of $90 million to $100 million on 350-400 transactions; adjusted EBITDA is expected to improve sequentially.
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