Offerpad Solutions (US:OPAD)2025-08-04 20:30Financial 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]