OPADW — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-04-30

• We are a real estate solutions company focused on giving homeowners more control, flexibility, and choice when buying and

• selling a home. We combine proprietary technology with local real estate expertise to simplify the home sale process and

• reduce friction across the transaction lifecycle, helping customers move forward with speed, transparency, and confidence. We

• provide cash offers, brokerage services, access to additional cash buyers through marketplace-enabled capabilities, and

• renovation services that support both internal transactions and third-party partners. Founded in 2015, we have transacted on homes representing approximately $12.3 billion of aggregate revenue through March 31, 2026.

Text removed vs the prior filing · source: 10-Q · 2025-11-03

• Offerpad, dedicated to simplifying the process of buying and selling homes, is committed to providing comprehensive solutions that remove the friction from real estate. Our advanced real estate platform offers a range of services, from consumer cash offers to business-to-business (“B2B”) renovation …

• We are headquartered in Tempe, Arizona and operated in over 1,900 cities and towns in 27 metropolitan markets across 18 states as of September 30, 2025.

• Our business and operating results are impacted by the general economic conditions and the health of the U.S. residential real estate industry, particularly the single-family home resale market. Our business model primarily depends on a high volume of residential real estate transactions throughout …

• The soft residential real estate market conditions continued during the third quarter of 2025, as housing affordability challenges and weakened consumer confidence persisted, negatively impacting consumer demand for residential real estate. The ongoing concerns associated with the macroeconomic and …

• Our operating results during the third quarter of 2025 reflect these prevailing market conditions that have been challenging the residential real estate market for an extended period of time. As a result of these conditions, we maintained our focus on selling through our aged real estate inventory d…

Text added vs the prior filing · source: 10-Q · 2026-04-30

• (a) On April 24, 2026, OP SPE Borrower Parent, LLC (“SPE”), as parent borrower, OP SPE PHX1, LLC (“PHX1”), as borrower, and OP SPE TPA1, LLC (“TPA1”), as borrower, each an indirect wholly owned subsidiary of the Company, entered into Amendment Number Eight to the Third Amended and Restated Master Lo…

• Also on April 24, 2026, OP SPE Summit, LLC, a wholly owned subsidiary of the Company, as borrower, entered into the Second Amendment to Amended and Restated Revolving Loan Agreement (the “Second Amendment” and, collectively with the Eighth Amendment, the “Amendments”), with WHGG II Trust, as lender,…

• The foregoing does not purport to be a complete description of the terms of each of the Amendments and such description is qualified in its entirety by reference to the Amendments, respectively, copies of which are filed as Exhibits 10.2 and 10.3 hereto and are incorporated herein by reference.

• (c) During the three months ended March 31, 2026, no director or “officer” (as defined in Rule 16a-1(f) of the Exchange Act) of the Company adopted or terminated a “Rule 10b5-1 trading arrangement” or “non-Rule 10b5-1 trading arrangement,” as each term is defined in Item 408(a) of Regulation S-K.

Text removed vs the prior filing · source: 10-Q · 2025-11-03

• (c) During the three months ended September 30, 2025, no director or “officer” (as defined in Rule 16a-1(f) of the Exchange Act) of the Company adopted or terminated a “Rule 10b5-1 trading arrangement” or “non-Rule 10b5-1 trading arrangement,” as each term is defined in Item 408(a) of Regulation S-K…