Offerpad, an American online real estate trading platform, will release its second-quarter earnings report on August 3
Online real estate platform Offerpad Solutions announced on Tuesday that it will release its second quarter 2026 financial results after the U.S. stock market closes on August 3. The company will hold a conference call at 4:30 p.m. Eastern Time that day to discuss financial results and the latest business progress. The Tempe, Arizona-based company provides flexible options for home buyers and sellers through a variety of solutions including cash offers, brokerage services, institutional buyer programs and renovation services. In the first quarter ended March 31, 2026, the company achieved revenue of US$80.08 million and completed 263 real estate transactions. Revenue fell by 50% year-on-year, mainly affected by continued sluggish transaction volume and higher mortgage interest rates. For the second quarter, the company's previous performance guidance was: revenue of 80 million to 90 million US dollars, real estate transaction volume of 300 to 350 (an increase of 14% to 33% from the first quarter), and adjusted EBITDA loss narrowed from the first quarter of 6.72 million US dollars. Management said it expects to turn positive adjusted EBITDA by the end of 2026 and reiterated that reaching about 1,000 transactions per quarter is a key threshold for breakeven. The company has actively deployed AI tools in recent years to improve operational efficiency. The SCOUT system has increased the housing contract rate by 200 basis points, and the HENRY system has been used to optimize property renovation estimates and investment portfolio decisions. Costs have dropped by 37% compared with the same period last year. Investors will be watching progress in improving AI-driven conversion rates and narrowing quarterly losses in the second quarter.