Offerpad Reports First Quarter 2024 Results
Offerpad Solutions Inc. Class A (OPAD)
Company Research
Source: Business Wire
Q1 2024 revenue of $285 million at the high end of guidance, up sequentially for third consecutive quarter with gross profit up 210% annuallyRecord-breaking quarter for Offerpad Renovate CHANDLER, Ariz.--(BUSINESS WIRE)--Offerpad Solutions Inc. (“Offerpad”) (NYSE: OPAD), a leading tech-enabled platform for residential real estate, today released financial results for the three months ended March 31, 2024.“The first quarter of 2024 continued the positive trajectory we experienced exiting 2023. While the macro is still volatile, the first quarter was one of increasing stability and we believe this trend will continue through 2024,” said Brian Bair, Offerpad’s chairman and chief executive officer. “We are making steady progress against our key strategic imperatives. We are focused on expanding our asset light platform services, particularly Renovate, which grew 78% in the quarter; increasing our buy box; growing our partner ecosystem; and achieving adjusted EBITDA profitability.”Highl
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OPAD
News
- National Moving Month: Offerpad's Free Local Move Program [Yahoo! Finance]Yahoo! Finance
- National Moving Month: Offerpad’s Free Local Move ProgramBusiness Wire
- Offerpad Solutions Inc. (NYSE:OPAD) Analysts Just Slashed This Year's Estimates [Yahoo! Finance]Yahoo! Finance
- RESAAS Partners with Offerpad to Extend Cash Offers to Real Estate Agents Across the United States [Yahoo! Finance]Yahoo! Finance
- Analysts Have Lowered Expectations For Offerpad Solutions Inc. (NYSE:OPAD) After Its Latest Results [Yahoo! Finance]Yahoo! Finance
OPAD
Earnings
- 5/6/24 - Miss
OPAD
Sec Filings
- 5/14/24 - Form 8-K
- 5/6/24 - Form 10-Q
- 5/6/24 - Form 8-K
- OPAD's page on the SEC website