Filing Flows › Offerpad Solutions (OPAD) › Q3 2026
Offerpad Solutions (OPAD) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 2, 2026
Offerpad Solutions (OPAD) reported revenue of $78.1M for the third quarter 2026 (Q3 2026), -41% from a year earlier and +0.5% from the quarter before. Operating margin was -12.0%, net loss $11.5M (14.7% of revenue).
Offerpad Solutions, Q3 2026: revenue $78.1M (-41% year over year), operating margin -12.0%, net loss $11.5M, operating cash flow −$143M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $78.1M | +0.5% | -41% |
| Operating profit | −$9.4M | — | — |
| Net earnings | −$11.5M | — | — |
| Operating cash flow | −$143M | — | -457% |
What changed
Revenue was $78.1M in Q3 2026, down 41% year over year and up 1% from the previous quarter. Cash Offer was the largest line at 92% of revenue. Cash Offer lost $50.6M year over year (down 41%), 93% of the total change.
Gross margin was 8.3%, up 1.3 points from Q3 2025. Operating costs exceeded revenue by $9.4M, an operating margin of -12.0%. Operating expenses fell 1% while revenue fell 41%. The fastest-growing cost line was General & admin (+28%). The quarter ended with a net loss of $11.5M, wider than the previous quarter's $9.3M loss.
Operating cash flow was −$142.6M. Non-cash charges added back $300K of depreciation and $1.0M of share-based compensation. Working capital and other items used $132.4M. Capital expenditures of $13K exceeded it, leaving free cash flow of −$142.6M.
Questions
What was Offerpad Solutions' revenue in the third quarter 2026?
Offerpad Solutions (OPAD) reported revenue of $78.1M for the third quarter 2026 (Q3 2026), -41% from a year earlier and +0.5% from the quarter before.
Was Offerpad Solutions profitable in the third quarter 2026?
Operating loss was $9.4M (-12.0% of revenue) and net loss $11.5M.
Source: Offerpad Solutions 10-Q on SEC EDGAR.