Offerpad Solutions Inc - 2025年季度报告

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company,or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying withany new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). As of April 28, 2025, there were27,543,087shares of Offerpad’s Class A common stock outstanding. Cautionary Note Regarding Forward-Looking Statements PART I.FINANCIAL INFORMATION Item 1.Financial Statements Condensed Consolidated Balance SheetsCondensed Consolidated Statements of OperationsCondensed Consolidated Statements of Changes in Stockholders’ EquityCondensed Consolidated Statements of Cash Flows Notes to Condensed Consolidated Financial StatementsItem 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations Item 3.Quantitative and Qualitative Disclosures About Market RiskItem 4.Controls and Procedures PART II.OTHER INFORMATIONItem 1.Legal ProceedingsItem 1A.Risk FactorsItem 2.Unregistered Sales of Equity Securities and Use of ProceedsItem 3.Defaults Upon Senior SecuritiesItem 4.Mine Safety DisclosuresItem 5.Other InformationItem 6.ExhibitsSIGNATURES Cautionary Note Regarding Forward-Looking Statements This Quarterly Report on Form 10-Q includes statements that express Offerpad Solutions Inc.’s (“Offerpad,” the“Company,” “we,” “us,” and “our,” and similar references) opinions, expectations, beliefs, plans, objectives, assumptions orprojections regarding future events or future results and therefore are, or may be deemed to be, forward-looking statements.We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statementscontained 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 bythe 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 a The forward-looking statements in this Quarterly Report on Form 10-Q are only predictions. We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends that webelieve may affect our business, financial condition and results of operations. Forward-looking statements involve knownand unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements •our ability to respond to general economic conditions;•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; The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and other risks anduncertainties discussed in Part I, Item 1A, “Risk Factors” in our Annual Report on Form 10-K for the fiscal year ended 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 have 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,levels of activity, performance and achievements may be materially different from what we expect. We qualify all of our OFFERPAD SOLUTIONS INC.Condensed Consolidated Balance Sheets The accompanying notes are an integral part of these condensed consolidated financial statements. OFFERPAD SOLUTIONS INC.Notes to Condensed Consolidated Financial Statements(Unaudited) Note 1. Nature of Operations and Significant Accounting Policies Description of Bu