Offerpad (NYSE:OPAD) Reports Sales Below Analyst Estimates In Q3 Earnings, Stock Drops
Update: 2025-11-04
Description
Offerpad, a real estate tech company, reported a disappointing third quarter with sales and revenue significantly lower than expected. The company's revenue dropped by over a third compared to last year, and they forecasted even lower sales for the next quarter. Offerpad also posted a net loss and sold fewer homes, leading to a drop in their stock price. Despite attempts to shift strategies towards more asset-light services, the company's profit margins remain negative. Analysts predict a slight revenue growth over the next year, but it's still not very strong compared to other tech real estate players. Offerpad is now focused on improving its bottom line and waiting for market conditions to stabilize.
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