Offerpad Solutions Inc. (OPAD) Reports Q3 Loss of $0.13

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Go back to Offerpad Solutions Inc. (OPAD) Reports Q3 Loss of $0.13

Offerpad Announces Third-Quarter Record Revenue and Gross Profit; Company Raises Full-Year 2021 Outlook

November 10, 2021 4:10 PM EST

Expands to four new markets; grows home sales 123% over 3Q 2020

Third Quarter 2021 Highlights compared with the prior-year third quarter:

Revenue increased 190% to $540.3 million Gross profit increased 169% to $53.1 million Sold a record 1,673 homes, up from 749 homes Over 99% of inventory owned less than 180 days

CHANDLER, Ariz.--(BUSINESS WIRE)-- Offerpad Solutions Inc. (Offerpad) (NYSE: OPAD), a leading tech-enabled platform for buying and selling residential real estate, today reported financial results for its third quarter ended September 30, 2021.

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