Offerpad Solutions Inc. reported its financial results for the second quarter ended June 30, 2025, with consolidated revenue of $160.3 million. This represents a 36% decrease year-over-year, with 452 homes sold during the quarter, a 39% decrease from the prior year. Despite the revenue decline, the company demonstrated operational discipline and momentum across its asset-light services.
The net loss for Q2 2025 improved by 21% year-over-year to ($10.9 million), and adjusted EBITDA improved by 39% sequentially to ($4.8 million), though it worsened by 8% year-over-year. Gross profit per home sold increased by 7% year-over-year to $31,400, and contribution profit after interest per home sold was $12,400, a 2380% sequential improvement.
A significant development was the $21 million capital raise finalized in July 2025, which included a registered direct offering and a concurrent private placement. This, combined with a new $15 million revolving credit facility and existing undrawn capacity, brought total liquidity to over $75 million. For the third quarter of 2025, Offerpad expects revenue between $130 million and $150 million, with 360 to 410 homes sold, and anticipates continued sequential improvement in Adjusted EBITDA.
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