UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission File Number 001-39641 Offerpad Solutions Inc. (Exact name of registrant as specified in its charter) Delaware 85-2800538 (State ...

Offerpad Solutions Inc. (OPAD) came out with a quarterly loss of $0.26 per share versus the Zacks Consensus Estimate of a loss of $0.28. This compares to a loss of $0.63 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +7.14%. A quarter ago, it was expected that this company would post a loss of $0.29 per share when it actually produced a loss of $0.34, delivering a surprise of -17.24%.Over the last four quarters, the company h ...

Financial Data and Key Metrics Changes - In Q4 2025, revenue was $114 million, with 312 homes sold, bringing full-year revenue to $568 million on 1,591 homes sold [21] - Gross margin was 7% for the quarter and 7.4% for the full year, generating gross profit of $8 million and $42 million, respectively [21] - Adjusted EBITDA loss for Q4 was $6.9 million, with total liquidity over $55 million at quarter end, including $27 million of unrestricted cash [22] Business Line Data and Key Metrics Changes - The company focused on a multi-solution platform, transitioning from a single product to four solutions, which include Cash Offer, Cash Offer Marketplace, brokerage services, and Renovate [4][11] - Renovate generated $27 million in revenue in 2025, up approximately 50% year-over-year [17] Market Data and Key Metrics Changes - The housing market remains constrained, with existing home sales at approximately 4.1 million units, flat year-over-year and the lowest annual level since the mid-90s [7] - Nearly half of the listed homes are over 40 years old, requiring significant updates to meet modern buyer expectations [5] Company Strategy and Development Direction - The company aims to achieve approximately 1,000 transactions per quarter as it exits 2026, which is seen as a pathway to profitability [20] - The focus is on disciplined capital allocation, operational improvements, and expanding into a broader multi-solution platform to meet seller needs [4][10] Management's Comments on Operating Environment and Future Outlook - Management noted that while transaction volumes remain constrained, there are signs of greater pricing clarity and stability in core markets [8] - The company believes the low volume experienced in 2025 is temporary and expects to see increased activity and transaction growth in 2026 [24] Other Important Information - The company has removed over $140 million of annualized expenses since 2022, allowing for higher transaction volumes without proportional overhead growth [23] - The operating framework for 2026 does not require additional capital to execute, supporting plans to scale within defined guardrails [26] Q&A Session Summary Question: Impact of AI on the business and expected P&L line - Management expressed excitement about AI's impact on real estate operations, particularly in pricing sensitivity and efficiency in scheduling inspections [28][33] Question: Transaction volume bridge from Q1 2026 to year-end target - Management indicated a focus on a linear growth trend, moving from approximately 100 transactions per month to over 300 as they expand their product offerings [32] Question: Expected mix of Cash Offer products in transaction targets - The current mix is approximately two-thirds Cash Offer and one-third Cash Offer Marketplace, with expectations to move towards a 50/50 mix over time [38][39] Question: Further expense reductions and their impact on break-even EBITDA - Management acknowledged that while significant expense reductions have been made, there is still potential for further reductions, particularly in third-party spending [42][43]

Offerpad Solutions (NYSE:OPAD) Q4 2025 Earnings call February 23, 2026 04:30 PM ET Company ParticipantsBrian Bair - Chairman and CEOCortney Read - VP of Investor Relations and CommunicationsPeter Knag - CFORyan Tomasello - Managing DirectorConference Call ParticipantsDae Lee - VP and Senior Equity Research AnalystGaurav Mehta - Managing Director and Senior Equity Research AnalystOperatorGood afternoon, welcome to Offerpad's fourth quarter and full year 2025 earnings conference call. My name is Kara, and I w ...

Offerpad Solutions (NYSE:OPAD) Q4 2025 Earnings call February 23, 2026 04:30 PM ET Speaker4Good afternoon, welcome to Offerpad's fourth quarter and full year 2025 earnings conference call. My name is Kara, and I will be your conference operator today. At this time, all participant lines have been placed on mute to prevent any background noise. After management's prepared remarks, we will open the call for a question and answer session. If you would like to ask a question, please press star, followed by the ...

INVESTOR PRESENTATION Q4 2025 UPDATE 1 Disclaimer Forward-Looking Statements Certain statements in this presentation may be considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally relate to future events or Offerpad's future financial or operating performance. For example, statements regarding Offerpad's financial outlook, including transactions across Cash Offer, Cash Offer Marketplace and Brokerage Services, rev ...

Exhibit 99.1 Offerpad Announces Q4 and FY 2025 Financial Results Four-Solution Platform and Capital Discipline Position Company for Scaled 2026 Growth TEMPE, Ariz. – February 23, 2026 – Offerpad (NYSE: OPAD), a real estate solutions company built to provide sellers and partners with multiple ways to transact, today reported financial results for the fourth quarter ended December 31, 2025. During the quarter, Offerpad generated $114.1 million in revenue and sold 312 homes. Results reflect continued execution ...

Core Viewpoint - Offerpad Solutions Inc. has appointed Tela Gallagher Mathias to its Board of Directors, enhancing governance as the company accelerates its AI strategy and scales its real estate operating model [1] Group 1: Appointment of Tela Gallagher Mathias - Tela Gallagher Mathias will serve on Offerpad's Audit Committee and Compensation Committee, bringing over 25 years of experience in enterprise technology platforms, particularly in mortgage and housing finance [1] - Mathias is currently the CEO of Phoenix Burst, a generative AI regulatory technology company, and has held leadership roles at Black Knight Financial Services and the U.S. Department of Veterans Affairs [1] - The appointment is part of Offerpad's strategy to strengthen governance and advance its long-term technology strategy, particularly in AI-driven pricing and analytics [1] Group 2: Company Overview and Strategy - Offerpad Solutions Inc. is a digital real estate solutions company that provides homeowners with various services, including cash offers and renovation services, aimed at simplifying the home sale process [1] - The company combines proprietary technology with local real estate expertise to enhance efficiency and transparency in transactions [1] - Offerpad's ongoing investment in scalable technology aims to support faster decision-making and greater pricing accuracy in the real estate market [2]

Core Insights - Offerpad Solutions Inc. has been recognized in the 2026 HousingWire Tech100 Real Estate list, highlighting its leadership in technology that enhances efficiency, transparency, and accessibility in the home buying and selling process [1] - The company's ongoing investment in scalable technology aims to support faster decision-making, improve pricing accuracy, and streamline transaction experiences for homeowners and partners [1][2] Company Overview - Founded in 2015, Offerpad has developed a digital real estate solutions platform based on its Cash Offer foundation, expanding its marketplace-enabled capabilities [2][4] - The company focuses on providing homeowners with more control, flexibility, and choice in the buying and selling process, offering services such as Cash Offers, HomePro listing services, and renovation services [4][5] Operational Improvements - Over the past year, Offerpad has strengthened its operating model, advanced its platform infrastructure, and improved capital efficiency while enhancing customer flexibility and choice [2] - The company aims to simplify transactions and deliver better outcomes for homeowners and partners, as stated by its VP of Investor Relations & Communications [3]

Core Insights - Offerpad Solutions Inc. has appointed Dr. Jai Singh as Chief Pricing and Analytics Officer to enhance AI-driven pricing and portfolio management initiatives as the company scales its real estate platform [1][4] Group 1: Leadership Appointment - Dr. Jai Singh brings extensive financial and analytical leadership experience, having held senior roles in investment management and global financial services, including at Morgan Stanley [2] - His responsibilities will include overseeing the evolution of pricing infrastructure, portfolio management systems, and asset disposition strategies, with a focus on AI and machine learning applications [2][3] Group 2: Strategic Focus - The appointment of Dr. Singh aligns with Offerpad's strategy to strengthen its technology-enabled operating platform and expand capital-efficient transaction channels [5] - The leadership structure is designed to support smarter pricing, portfolio management, and end-to-end execution across Offerpad [4] Group 3: Company Overview - Offerpad Solutions Inc. is a digital real estate solutions company that provides homeowners with control, flexibility, and choice in buying and selling homes, offering services like Cash Offers and HomePro listing services [6][7] - Founded in 2015, the company combines proprietary technology with local real estate expertise to simplify the home sale process and enhance customer experience [7]