Offerpad Solutions Inc Stock Price, News & Analysis

Offerpad (NYSE: OPAD) and Auction.com have announced a strategic partnership to revolutionize home buying and selling. Under this collaboration, Offerpad's Renovate division will become a preferred renovation services partner for Auction.com buyers, while Auction.com's SmartSale™ platform will expand Offerpad's competitive offer reach.

Offerpad's Renovate division demonstrated strong performance in Q1 2025, completing over 200 projects and generating $5.3 million in revenue - its highest since launch. Nearly 50% of volume comes from institutional clients, with strongest performance in Texas, Georgia, Colorado, Tennessee, and Kansas. The partnership aims to streamline property transformation processes and enhance community revitalization efforts.

Offerpad (NYSE: OPAD) released its Q1 2025 financial results, showing mixed performance. The company's Renovate segment delivered record revenue of $5.3M, up 29% sequentially. While revenue declined 44% YoY to $160.7M, the company improved its net loss by 13% QoQ to $15.1M. Key metrics include gross profit per home sold of $22.8k (8% QoQ improvement) and reduced operating expenses by 39% YoY to $22.0M. The company sold 460 homes and acquired 454 homes during Q1. The Agent Partnership Program grew significantly, contributing 42% of total acquisitions compared to 28% last year. For Q2 2025, Offerpad expects to sell 500-550 homes with revenue between $160M-$190M.

Offerpad (NYSE: OPAD), a real estate tech company, has appointed Donna Corley to its Board of Directors. Corley, founder of Guiding Star Advisory, , will serve as Chair of the Audit Committee and member of the Nominating & Governance Committee.

With nearly 30 years of experience in housing and financial services, Corley previously served as executive vice president and head of single-family business at Freddie Mac, where she managed a $2 trillion portfolio. In her role, she led strategy, innovation, and operations.

The appointment aligns with Offerpad's commitment to strengthen its financial foundation and enhance its home buying and selling platform through strategic leadership and oversight.

Offerpad Solutions (NYSE: OPAD) has received notice from the New York Stock Exchange (NYSE) on April 10, 2025, indicating non-compliance with Section 802.01B of the NYSE Listed Company Manual. The company failed to maintain both an average global market capitalization over a 30-day trading period and stockholders' equity above the required $50 million threshold.

The company plans to submit a business plan within 45 days to demonstrate how it will regain compliance within an 18-month cure period. The NYSE will review the plan and determine its acceptance within 45 days of receipt. During this period, OPAD's Class A common stock will continue trading on the NYSE, subject to compliance with other listing standards and periodic review.

Offerpad Solutions (NYSE: OPAD), a tech-enabled residential real estate platform, has scheduled its first quarter 2025 financial results release for Monday, May 5, 2025. The company will host a conference call on the same day at 4:30 p.m. ET / 1:30 p.m. PT to discuss the quarterly results and recent developments. Interested parties can access the webcast through Offerpad's Investor Relations website's events page, with a replay available after the live event concludes.

Offerpad (NYSE: OPAD) reports significant growth in its B2B Renovate program, which has become a major revenue generator. The program, which extends the company's renovation services to institutional investors and local operators, delivered strong Q4 2024 results with 187 completed projects and over $4 million in revenue.

For the full year, the program generated $18 million in revenue, marking a 49% increase year-over-year. The average revenue per renovation doubled from $11,000 to over $22,000, reflecting expanded service offerings and new client acquisitions. The company's partnerships with Freddie Mac and Fannie Mae validate its B2B capabilities.

Offerpad (NYSE: OPAD) reported its Q4 and full-year 2024 results, showing significant improvements in financial performance. The company reduced its net loss by 47% ($55 million) compared to the previous year. Notable achievements include:

The company's Renovate business exceeded $18 million in revenue, growing 49% year-over-year with 1,096 closed projects. The Agent Partnership Program expanded to represent 32% of total acquisitions, up from 21% in the previous year. Operating expenses decreased by 32% to $118.2M, marking a $56.4M improvement from the prior year.

Key metrics include a gross profit per home sold of $26.7k and contribution profit after interest per home sold of $11.5k. Time to cash improved by 23 days (18%) to 116 days year-over-year.

Offerpad Solutions (NYSE: OPAD), a tech-enabled residential real estate platform, has announced its participation in the upcoming Citizens JMP Technology Conference. Chairman and CEO Brian Bair will participate in a fireside chat scheduled for 9:30 pm PT on Monday, March 3, 2025. The event will be accessible via live webcast through the 'Events & Presentations' section of Offerpad's Investor Relations website, with a replay available afterward.

Offerpad Solutions (NYSE: OPAD), a tech-enabled platform for residential real estate, has announced it will release its fourth-quarter and full year 2024 financial results on Monday, February 24, 2025. The company will host a conference call at 4:30 p.m. ET / 1:30 p.m. PT on the same day to discuss the results and recent developments. Investors can access the webcast through Offerpad's Investor Relations website's events page, with registration available for interested parties. A replay of the event will be made available on the company's Investor Relations website after the live webcast concludes.