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]
Offerpad Solutions (OPAD) - 2025 Q3 - Earnings Call Presentation