Offerpad sees Q3 2026 revenue of $90 million to $100 million and expects 350 to 400 real estate transactions in the quarter.
The company anticipates sequential improvement in Q3 2026 Adjusted EBITDA.
Offerpad said it has maintained a structurally lower cost base, with more than $140 million in annualized expenses removed since 2022, to drive operating leverage.
Analyst coverage and valuation context
The current average analyst rating on the shares is hold, with 1 strong buy or buy, 2 hold, and no sell or strong sell ratings.
The average consensus recommendation for the real estate services peer group is buy.
Wall Street's median 12-month price target for Offerpad Solutions Inc is $14.00, about 261.8% above its July 31 closing price of $3.87.
Gross margin increased to 9.2%, the highest since Q3 2023, driven by higher-margin services.
Offerpad said growth in higher-margin services contributed to improved gross margin, reaching 30% of real estate transactions in Q2, up from 20% in Q1.
The company also cited improved home selection and sharper pricing in faster-selling segments as factors supporting disciplined transaction growth.
Q2 revenue misses expectations as adjusted EBITDA loss widens
Offerpad reported second-quarter revenue of $77.70 million, below the consensus estimate of $85.20 million from three analysts.
The company also reported an adjusted EBITDA loss of $6.20 million, compared with the consensus estimate of -$5.16 million from three analysts.
Net loss for the quarter was $9.30 million. Gross profit was $7.10 million, and income from operations was -$8.24 million.
OPAD•
