INVESTOR PRESENTATION Q4 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 transactions across Cash Offer, Cash Offer Marketplace and Brokerage Services, rev ...

Q3 2025 Financial Performance - Revenue for Q3 2025 was $132.7 million, a decrease of 17% QoQ [57] - Homes acquired in Q3 2025 totaled 203, a decrease of 54% QoQ [57] - Homes sold in Q3 2025 numbered 367, a decrease of 19% QoQ [57] - Net loss for Q3 2025 was $11.6 million, a decrease of 6% QoQ [57] - Adjusted EBITDA for Q3 2025 was a loss of $4.6 million, a 4% increase QoQ [57] - Gross profit per home sold in Q3 2025 was $25.4k, a decrease of 19% QoQ [57] Q3 2025 Renovate Services - Renovate services generated a record $8.5 million in revenue [58] - Average revenue per project for Renovate services was $16.2k [39] - A total of 525 renovation projects were completed [39] Q4 2025 Guidance - Homes sold are projected to be between 300 and 350 [60] - Revenue is projected to be between $100 million and $125 million [61] - Adjusted EBITDA is expected to be similar to Q3 2025 [62]