Offerpad Solutions Inc-A 2024年度报告

2024 ANNUAL REPORT Offerpad is a technology-enabled real estate platformand marketplace revolutionizing the single-family housingmarket with a suite of customer-centric products anchoredby our participation as a market maker with our cash offer. DeAr vaLuEd ShArEhOlDeRs,DeAr vaLuEd ShArEhOlDeRs, you for your support of Offerpad in 2024. It was a year in which we grew our product portfolio,reworked our go-to-market strategy and processes, and continued to streamline our cost structure. Below are a few 2024 highlights: Substantial improvement in adjusted EBITDA and net income as we execute on a path to profitabilityReduced operating costs by more than $100 million over the last two fiscal yearsContinued process improvements across our underwriting process and customer engagementapproach, driving higher conversion of products and services and broader solutions for consumersand partnersStrategic expansion of our buy-box criteria, particularly in the fourth quarter as we focus onacquiring more homes in target areasContinued strengthening of our renovate business, up 49% in its second year During 2024, we took important steps to position the business for success in 2025. We’re excitedabout our efforts to expand our product portfolio, our lean and efficient organization, and the strengthof our partnerships, including our growing network of agent partners. In 2025, we’ll continue delivering solutions for all – homeowners, agents, investors, and partners – bysimplifying the process of buying, selling, and renovating homes. I look forward to keeping youupdated as we bring this vision to life. Thank you for your trust in Offerpad. We look forward to 2025 and beyond! Sincerely, whO we ArEwhO we ArE fferpad was founded in 2015 to create a better residential real estate experience bycombining advanced data-driven technology solutions, with fundamental industryexpertise. The company’s overarching objective is to serve as a comprehensive realestate “Solutions Center” for all – sellers, buyers, real estate agents, and partners.Our on-demand digital platform gives users a holistic, customer-centric experience,enabling them to sell and buy homes online with access to a suite of available products,including listing and renovation services. Our Commitment to Corporate Responsibility Offerpad is committed to acting responsibly and in accordance with the highest ethicalstandards. We believe our commitment to environmentally and socially responsiblestrategies benefits all our stakeholders, including our customers, shareholders, teammembers, and communities. How we do things is as important as what we do. At Offerpad, our values guide ourbehavior toward each other and to our customers, partners, and communities. Theconditions around us may change, but holding these values keeps us on the right course. 9OuT Of10woUlD ReCoMmEnDTo A FrIeNd9OuT Of10woUlD RecoMmEnDTo A FrieNd “We had a wonderful experience with Offerpad, first time selling our house. It was verystraight forward their customer service and everyone that you work with are nice,quick to respond and very helpful. I never felt uneasy with anything.We would definitely do this again if we were to sell or buy.”Rock Hill, SC “Offerpad was fast and easy to deal with! Always answered our questions quickly and mostimportant is that they did what they said they would do! No last minute changes!! I willcertainly use them again if I have a seller needing this type of sale!!”Louisburg, NC “Offerpad was a seamless transition of selling my mom’s house after we hadto move her to assisted living. They were very kind and understanding of thesituation we were in. They took the time with us to answer all our questionsand broke down exactly what steps would be taken. Very impressed with themand would refer to anyone needing to sell their home.”Franklin, IN 2024 ReSuLtS2024 ReSuLtS Homes Sold2,707 Homes Acquired2,443 CuMuLaTive vaLuE Of hoMessoLd siNcE 2015 ($M) coRpOrAtE infoRmAtioNcoRpOrAtE inFoRmAtioN Directors Brian Bair Sheryl Palmer Chairman and Chief Executive OffierTaylor Morrison Home Corporation Chairman and Chief Executive Officer Roberto SellaFounderLL Funds Katie CurnuttePresident and Co-FounderMother Bear Agency Ryan O’HaraChief Executive OfficerLikewize Corporation Donna CorleyFormer Executive Vice President, Single-Family BusinessFreddie Mac Kenneth DeGiorgioFormer Chief Executive OfficerFirst American Financial Corporation Executive Officers Brian BairChairman and Chief Executive Officer Adam MartinezChief Legal Officer Peter KnagChief Financial Officer Stock Listing NYSE under the ticker “OPAD” Investor Relations Auditor of Record Deloitte & Touche LLP investors@offerpad.com For more information about Offerpad please visitinvestor.offerpad.com SECURITIES AND EXCHANGE COMMISSIONWashington, D.C. 20549 (Mark One)ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 ☒For the fiscal year ended December 31