Offerpad (OPAD) Q4 2025 Earnings Call Transcript
The Motley Fool
by newsfeedback@fool.com (Motley Fool Transcribing)February 23, 2026
AI-Generated Deep Dive Summary
Offerpad Solutions (OPAD) reported a strong Q4 2025 earnings call, highlighting significant revenue growth and strategic shifts. Revenue reached $114 million for the quarter and $568 million annually, driven by 312 quarterly home sales and 1,591 full-year units. Despite an adjusted EBITDA loss of $6.9 million, gross margins improved to 7% quarterly and 7.4% annually. The company's liquidity position remained robust at over $55 million, bolstered by $18 million in early Q1 2026 capital raising. Operating expenses were reduced by over $140 million since 2022, with Q4 expenses down to $15 million from $24 million a year prior.
Offerpad's strategic pivot from a single-solution iBuyer to a multi-platform business was emphasized, focusing on scalable systems and cost controls. Management aims for 250-300 transactions in Q1 2026, targeting 1,000 quarterly transactions by year-end across Cash Offer, Marketplace, and brokerage segments. Over 60% of near-term transactions are expected through Cash Offer, with a future goal of a 50/50 split as brokerage grows.
The Renovate segment, generating $27.1 million revenue in 2
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Originally published on The Motley Fool on 2/23/2026