Filing Flows › Offerpad Solutions (OPAD) › Q2 2026
Offerpad Solutions (OPAD) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 3, 2026
Offerpad Solutions (OPAD) reported revenue of $77.7M for the second quarter 2026 (Q2 2026), -52% from a year earlier and -3% from the quarter before. Operating margin was -10.6%, net loss $9.3M (12.0% of revenue).
Offerpad Solutions, Q2 2026: revenue $77.7M (-52% year over year), operating margin -10.6%, net loss $9.3M, operating cash flow −$25.9M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $77.7M | -3% | -52% |
| Operating profit | −$8.2M | — | — |
| Net earnings | −$9.3M | — | — |
| Operating cash flow | −$25.9M | -386% | — |
What changed
Revenue was $77.7M in Q2 2026, down 52% year over year and down 3% from the previous quarter. Cash Offer was the largest line at 92% of revenue. Cash Offer lost $80.3M year over year (down 53%), 97% of the total change.
Gross margin was 9.2%, up 0.3 points from Q2 2025. Operating costs exceeded revenue by $8.2M, an operating margin of -10.6%. Operating expenses fell 30% while revenue fell 52%. The quarter ended with a net loss of $9.3M, narrower than the previous quarter's $10.1M loss.
Operating cash flow was −$25.9M. Non-cash charges added back $300K of depreciation and $1.0M of share-based compensation. Working capital and other items used $17.9M. Capital expenditures of $34K exceeded it, leaving free cash flow of −$25.9M.
Questions
What was Offerpad Solutions' revenue in the second quarter 2026?
Offerpad Solutions (OPAD) reported revenue of $77.7M for the second quarter 2026 (Q2 2026), -52% from a year earlier and -3% from the quarter before.
Was Offerpad Solutions profitable in the second quarter 2026?
Operating loss was $8.2M (-10.6% of revenue) and net loss $9.3M.
Source: Offerpad Solutions 10-Q on SEC EDGAR.