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Homes Acquired
Tracks the number of properties Offerpad purchases to refurbish and resell. Higher acquisition volume can signal market-share growth but also increases capital needs, renovation workload, and exposure if demand or prices weaken.Homes Acquired collapsed from 2022 highs to a sustained low single‑hundreds run‑rate into 2026; management has leaned into lower acquisition volume to cut holding costs and clean inventory, but current quarterly acquisition levels are far below the ~1,000‑transaction run‑rate needed for adjusted‑EBITDA breakeven—Q2 guidance implies a modest pickup to 300–350 transactions yet still leaves a large execution gap. AI tools, lower lead costs, and faster dispositions reduce cash burn and improve margins, but reaching profitability requires materially scaling volumes while offsetting a shift to lower‑fee marketplace and brokerage mix.
Date | Homes Acquired |
|---|---|
Jun 30, 2026 | 268.00 |
Mar 31, 2026 | 159.00 |
Dec 31, 2025 | 110.00 |
Sep 30, 2025 | 202.00 |
Jun 30, 2025 | 443.00 |
Mar 31, 2025 | 454.00 |
Dec 31, 2024 | 384.00 |
Sep 30, 2024 | 422.00 |
Jun 30, 2024 | 831.00 |
Mar 31, 2024 | 806.00 |