Offerpad Outlines Path to Positive Adjusted EBITDA by Q2 2027
Offerpad Solutions Inc. (OPAD) has provided a strategic roadmap aimed at achieving a positive adjusted EBITDA run rate by the second quarter of 2027. This long-term goal comes as the company navigates a challenging real estate environment characterized by elevated mortgage rates, which have impacted transaction volumes and housing market liquidity. The company also announced significant leadership transitions during its Q3 2026 management update. Andrew Pieper has been appointed as the Interim Chief Financial Officer, taking over the role from Peter Knag. Additionally, Ben Graboske has joined the Board of Directors to support the company's ongoing restructuring and strategic objectives.
Tickers: $OPAD
Topics: Board of Directors Appointment CFO Appointment Management Changes