Offerpad Solutions Q3 2026 Earnings Call Transcript - Offerpad Solutions (NASDAQ:OPAD)

Offerpad Solutions reported third-quarter 2026 results on Monday, publishing a transcript of its earnings call. The company said revenue totaled $78.1 million, below guidance of $90 million to $100 million, citing slower real-estate transactions and higher mortgage rates. Adjusted EBITDA was a loss of $7.5 million. Offerpad appointed Andrew Pieper as Interim CFO and added Ben Grabowski to its Board of Directors. Management expects to reach a positive adjusted EBITDA run rate by the end of Q2 2027, aiming to reduce transaction requirements to drive profitability. Operationally, it acquired 605 homes in Q3, continued expanding fee-based channels including the Cash Offer Marketplace and brokerage services, and outlined cost reductions, targeting $8 million to $10 million in annualized operating expense cuts.