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Offerpad plans to ramp home purchases in 2026 after recent losses
The homebuying company reported net losses of $117.2 million in 2023, $62.2 million in 2024, and $46.4 million in 2025, and still posted a $9.3 million loss in Q2 2026.
Offerpad plans to restart and ramp up home purchases again in 2026 after years of net losses, HousingWire reports. The company’s CEO, Brian Bair, said Offerpad is “starting to buy homes” and turning its engine back on.
HousingWire reports that Offerpad recorded net losses from 2022 through 2025, including an $80.0 million net loss in Q3 2022 and $148.6 million in net losses for 2022 overall. In 2023, Offerpad posted net losses of $117.2 million, followed by $62.2 million in 2024 and $46.38 million in 2025.
Despite still showing a loss, Offerpad posted a $9.3 million net loss in Q2 2026, HousingWire reports. Bair attributed the recovery to changes at the firm, including a broader set of offerings and a refocus of its “buy box” toward tighter-inventory metro areas.
HousingWire says Offerpad now offers four products and is repositioning from pure iBuying toward a broader solution center model. Bair described options including cash offers, help with listing on the open market, and renovations for Freddie Mac and Fannie Mae, adding that the company had begun developing some of these solutions in 2020 before the COVID-19 pandemic slowed momentum.