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flag Offerpad shifted to a platform model, cut costs, and aims for profitability in 2026 despite ongoing losses.

flag Offerpad Solutions reported mixed 2025 results, with revenue of $568 million and a $42 million annual gross profit, but a continued GAAP loss. flag The company shifted from an iBuyer model to a four-part platform including Cash Offer, a buyer marketplace, brokerage services, and a profitable renovation business. flag Despite declining home sales and revenue, it improved efficiency, cut costs, and boosted contract volume. flag Management aims for positive Adjusted EBITDA in 2026 with no new capital, targeting 15%–20% returns through faster turnover and disciplined underwriting.

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