Offerpad delays adjusted EBITDA breakeven to end of Q2 2027
OPAD Offerpad Solutions Inc
$2.15 +1.90%
View chart & analysis → - 1Offerpad recorded revenue of $78.1 million in Q3 2026.
- 2An adjusted EBITDA loss of $7.5 million was recorded in early October due to mortgage rates of 7.4%.
- 3The timing for adjusted EBITDA breakeven has been changed to the end of Q2 2027.
So what's the key point?
Offerpad incurred losses and failed to make money due to the impact of loan interest rates. The timing for when the company starts making a profit has been pushed back to the end of Q2 2027.
Source The Motley Fool +1 · View original ↗
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