OPAD Offerpad Solutions Inc., OPADW Offerpad Solutions Inc. - 10-Q - (2025-11-03)

Offerpad Solutions Inc. experienced a significant contraction in iBuying volume during the nine months ended September 30, 2025, amid soft housing market conditions, leading to a 39.1% revenue decline to $453.7 million (driven by a 42.0% decrease in homes sold). Despite top-line pressure, management actions narrowed the Net Loss to $37.6 million (from $44.8 million YoY) and delivered positive Operating Cash Flow of $16.3 million, primarily through intentional Real Estate Inventory reduction.

Financial & Balance Sheet Highlights: Total assets contracted sharply to $223.5 million, refl

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