Every material Form 8-K Offerpad Solutions Inc. has filed with the SEC since October 13, 2026, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Offerpad reported third quarter 2026 revenue of $78.1 million, down 41% from $132.7 million a year earlier, with a net loss of $11.5 million and an Adjusted EBITDA loss of $7.5 million. The company now expects a positive Adjusted EBITDA run rate as it exits Q2 2027, compared with its previous expectation of exiting 2026, and guided fourth quarter revenue to $100 million to $120 million.
Q3 2026 revenue $78.1 million vs. $132.7 million in Q3 2025 (down 41%)
Net loss $11.5 million vs. $11.6 million a year earlier; diluted loss per share $2.30 vs. $3.71
Adjusted EBITDA loss widened to $7.5 million from $4.6 million a year earlier
Positive Adjusted EBITDA run rate now expected as it exits Q2 2027; Q4 2026 guidance is 400 to 475 transactions and $100 million to $120 million revenue
Offerpad said Chief Financial Officer Peter Knag will step down effective October 20, 2026, and will stay on as a Senior Advisor through November 30, 2026 to support an orderly transition. Andrew Pieper, the company's Senior Vice President and Controller, was appointed Interim Chief Financial Officer and principal financial and accounting officer. The filing says Knag's departure was not due to any disagreement with the company, and the filing does not discuss financial results.
Peter Knag stepped down as Chief Financial Officer effective October 20, 2026.
Knag remains employed as a Senior Advisor through November 30, 2026.
Andrew Pieper, 44, was appointed Interim Chief Financial Officer effective October 20, 2026.
Knag is eligible for separation payments and benefits under his employment agreement.
Offerpad's wholly owned subsidiary OP SPE Summit, LLC signed an amended revolving loan agreement dated October 7, 2026, increasing the uncommitted borrowing capacity from $150 million to $200 million. The filing describes customary covenants and default terms, including a financial covenant that restricts the subsidiary's ability to incur indebtedness.
Uncommitted borrowing capacity rises from $150 million to $200 million under the Third Amended and Restated Revolving Loan Agreement, dated October 7, 2026.
The agreement amends and restates the Second Amended and Restated Revolving Loan Agreement dated July 29, 2026.
Lenders are WHGG II Trust and Ascent Developer Solutions LLC; the agreement includes customary events of default that permit acceleration of outstanding borrowings.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Offerpad Solutions Inc. filing is on SEC EDGAR ↗. 8-K briefs of other companies →