Offerpad Q3 2026 net loss narrows to $11.45 million as revenue falls 41% to $78.1 million
OPAD•Offerpad’s third-quarter 2026 net loss narrowed year over year to $11.5 million, while revenue fell 41% to $78.1 million. For the fourth quarter, it guided to revenue of $100 million to $120 million and 400 to 475 closed transactions.
1. Quarterly results and outlook
Offerpad’s closed real estate transactions fell 32% year over year to 324, with fee-based channels accounting for approximately 35% of closings. Homes acquired nearly tripled to 605, while cash and cash equivalents declined 61% to $12.1 million. The company’s fourth-quarter guidance calls for revenue of $100 million to $120 million and 400 to 475 closed real estate transactions.
