Core Insights - Offerpad reported a revenue of $132.7 million for Q3 2025, with a net loss of $11.6 million, indicating ongoing challenges in the market [2][7][17] - The company is focusing on strengthening its liquidity, which now exceeds $75 million, and improving operational efficiency through asset-light services [6][7][8] - Offerpad anticipates Q4 2025 revenue to range between $100 million to $125 million, with expectations of selling 300 to 350 homes [8][10] Financial Performance - Revenue for Q3 2025 decreased by 36% year-over-year from $208.1 million in Q3 2024 [9] - Homes sold in Q3 2025 were 367, down 40% from 615 homes sold in Q3 2024 [9] - Gross margin for Q3 2025 was reported at 7.0%, a decline from 8.2% in Q3 2024 [9][35] Operational Highlights - Operating expenses improved by 38% year-over-year, reflecting cost efficiencies and streamlined operations [7] - The company’s asset-light services, including HomePro, Renovate, and Direct+, are expected to drive higher-margin growth as market conditions stabilize [6][7][8] - Offerpad Renovate achieved $8.5 million in revenue, marking the highest quarterly revenue since its launch [7] Future Outlook - Offerpad expects to maintain Adjusted EBITDA similar to Q3 2025 as it continues to scale its asset-light services [8][10] - The company is positioned to grow from a stronger, more diversified platform as market conditions stabilize [3][6]