INVESTOR PRESENTATION Q3 2025 UPDATE 1 Disclaimer Forward-Looking Statements Certain statements in this presentation may be considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally relate to future events or Offerpad's future financial or operating performance. For example, statements regarding Offerpad's financial outlook, including homes sold, revenue and Adjusted EBITDA, for the fourth quarter of 2025, and expec ...

Financial Performance Q2 2025 - Revenue was $160.3 million, flat QoQ[52] - Homes acquired were 443, down 2% QoQ[52] - Homes sold were 452, down 2% QoQ[52] - Net loss was $(10.9) million, improved 28% QoQ[52] - Adjusted EBITDA was $(4.8) million, improved 39% QoQ[52] - Gross profit per home sold was $31.4 thousand, up 38% QoQ[52] - Contribution profit after interest per home sold was $12.4 thousand, up 2,380% QoQ[52] Renovation Services - Offerpad Renovate (third-party renovation services) completed 315 total projects in Q2 2025[34] - Offerpad Renovate generated $6.4 million in total revenue in Q2 2025, with an average revenue of $20 thousand per project[34] - Since inception, Offerpad has invested over $650 million into improving properties[9, 33] Market Opportunity - The US real estate market represents a $1.9 trillion opportunity[13] - The "Buy Box" market opportunity is estimated at $1.1 trillion[13] - The 2024E renovation market is estimated at $450 million[13] Strategic Growth - Offerpad aims to increase its market share to 3-4% from the current less than 1%[36]