Offerpad Q3 revenue falls 41% to $78.1 million; profitability target pushed to 2027
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.
Key points
- 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
The filing
Written by AI on Nov 9, 2026, 11:43 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 02, 2026.
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.