Offerpad Solutions Inc-A 2025年季度报告

(State or other jurisdiction of incorporation or organization) (Address of principal executive offices)(844)388-4539(Registrant’s telephone number, including area code) FOR THE QUARTER ENDEDMARCH 31, 2025TABLE OF CONTENTS Cautionary Note Regarding Forward-Looking Statements FINANCIAL INFORMATIONFinancial Statements Other Information Exhibits SIGNATURES contained in Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the SecuritiesExchange Act of 1934, as amended (the “Exchange Act”). These forward-looking statements can generally be identified by the use of forward-looking terminology, including the terms “believes,” “estimates,” “anticipates,” “expects,” “seeks,”“projects,” “intends,” “plans,” “may” or “should” or, in each case, their negative or other variations or comparableterminology. These forward-looking statements include all matters that are not historical facts. They may appear in anumber of places throughout this Quarterly Report on Form 10-Q, including Part I, Item 2, “Management’s Discussion andAnalysis of Financial Condition and Results of Operations” and include statements regarding our intentions, beliefs orcurrent expectations concerning, among other things, our future results of operations, financial condition and liquidity, realestate inventory and home acquisition pace, financing plans, our prospects, potential growth or expansion evaluations,strategies, including product and service offerings, compliance with applicable laws, regulations and New York StockExchange continued listing rules, macroeconomic trends, potential tariffs or retaliations against such tariffs, geopoliticalconcerns, and the markets in which Offerpad operates.The forward-looking statements in this Quarterly Report on Form 10-Q are only predictions. We have based these forward- •the health of the U.S. residential real estate industry;•our ability to grow market share in our existing markets or any new markets we may enter;•our ability to grow effectively;•our ability to accurately value and manage real estate inventory, to maintain an adequate and desirable supply of real •our ability to successfully launch new product and service offerings, and to manage, develop and refine our technologyplatform; •our ability to maintain and enhance our products and brand, and to attract customers;•our ability to achieve and maintain profitability in the future;•the success of strategic relationships with third parties; and•our ability to regain compliance with New York Stock Exchange (“NYSE”) Rule 802.01B, or failure to comply with The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and other risks and uncertainties discussed in Part I, Item 1A, “Risk Factors” in our Annual Report on Form 10-K for the fiscal year endedDecember 31, 2024.The forward-looking statements in this Quarterly Report on Form 10-Q are based upon information available to us as of thedate of this Quarterly Report on Form 10-Q, and while we believe such information forms a reasonable basis for suchstatements, such information may be limited or incomplete, and our statements should not be read to indicate that we haveconducted an exhaustive inquiry into, or review of, all potentially available relevant information. These statements are inherently uncertain and investors are cautioned not to unduly rely upon these statements.You should read this Quarterly Report on Form 10-Q and the documents that we reference in this Quarterly Report on Form10-Q and have filed as exhibits to this Quarterly Report on Form 10-Q with the understanding that our actual future results, forward-looking statements by these cautionary statements. These forward-looking statements speak only as of the date ofthis Quarterly Report on Form 10-Q. Three Months EndedMarch 31,(in thousands, except per share data) (Unaudited)2025 Borrowings from credit facilities and other debtRepayments of credit facilities and other debt Proceeds from exercise of stock optionsPayments for taxes related to stock-based awards Cash, cash equivalents and restricted cash, beginning of periodCash, cash equivalents and restricted cash, end of period Reconciliation of cash, cash equivalents and restricted cash to the condensed consolidated balance sheet:Cash and cash equivalents$30,826$Restricted cash4,857 Cash payments for interest$4,593$The accompanying notes are an integral part of these condensed consolidated financial statements. Offerpad Solutions Inc. | First Quarter 2025 Form 10-Q |7 Note 1. Nature of Operations and Significant Accounting PoliciesDescription of Business consumer cash offers to B2B renovation solutions and industry partnership programs, all tailored to meet the unique needsof our clients. Since 2015, we have leveraged local expertise in residential real estate alongside proprietary technology to guide homeowners at every step.The Company is headquartered in Tempe, Arizona and o