Offerpad Solutions Inc. Q4 2025 Earnings Call Summary

Shifted from a single-product iBuyer to a four-solution platform to monetize the full spectrum of seller needs across varying levels of capital intensity. Prioritized 'readiness' over volume in 2025 by widening underwriting spreads and tightening risk guardrails to navigate an unstable housing market. Deliberately slowed acquisitions in late 2025 to clear aged inventory, entering 2026 with fewer than 60 non-contracted aged homes and improved mark-to-market strength. Optimizing for return on deployed ...