Offerpad reported third-quarter 2025 revenues of $133 million, with a focus on operational efficiency amid a transitioning housing market, resulting in improved gross margins and notable reductions in operating expenses.

• Sold 367 homes with a gross margin of 7%, yielding a gross profit of $9.3 million.
• Achieved a 37% year-over-year reduction in operating expenses, totaling approximately $12 million, through enhanced efficiency measures.
• Introduced AI-driven technologies to improve property assessment and pricing accuracy, reinforcing competitive positioning.
• Strengthened leadership with the appointment of Chris Carpenter as Chief Operating Officer to enhance operational execution and scalability.
• Set a near-term goal of 1,000 transactions per quarter, reflecting a strategic focus on controlled growth in acquisition volumes.