Tag Archives: Peter Knag

Offerpad sees declining revenue, but trims losses during Q2

By | | Uncategorized
Comments Off on Offerpad sees declining revenue, but trims losses during Q2

Offerpad’s revenue declined 36 percent year-over-year to $160.3 million in Q2. However, it’s net losses declined 21 percent to $10.9 million. Continue reading →

Offerpad losses mount as iBuyer acquires and sells fewer homes

By | | Uncategorized
Comments Off on Offerpad losses mount as iBuyer acquires and sells fewer homes

At $17.3 milllion, Q4 2024 net loss is up 28 percent from the previous quarter, as homes acquired dipped 9 percent to 384, homes sold fell 18 percent to 503, and profits on each sale fell by 24 percent.. Continue reading →

Offerpad dialed back its iBuyer acquisitions by 49% in Q3

By | | Uncategorized
Comments Off on Offerpad dialed back its iBuyer acquisitions by 49% in Q3

Having slashed operating expenses by 40 percent from a year ago, the iBuyer has its sights set on boosting home purchases to 1,000 per quarter on lower cost structure. Continue reading →

Offerpad gets new CFO as stock hovers near record low

By | | Uncategorized
Comments Off on Offerpad gets new CFO as stock hovers near record low

Peter Knag joins the company in the middle of a rough real estate market, and when iBuying specifically appears to have lost some of its buzz. Continue reading →