v3.26.1
Condensed Consolidated Balance Sheets (Parenthetical) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Restricted cash $ 1,741 $ 1,627
Accounts receivable 6,132 7,938
Real estate inventory 94,226 93,793
Prepaid expenses and other current assets 2,919 1,792
Property and equipment, net 14,074 14,673
Total assets [1] 160,289 154,771
Accounts payable 2,881 1,667
Accrued and other current liabilities 7,580 8,698
Secured credit facilities and other debt, net 82,306 75,494
Total liabilities [2] 122,983 116,552
Variable Interest Entity [Member]    
Restricted cash 1,416 1,302
Accounts receivable 154 303
Real estate inventory 94,226 93,793
Prepaid expenses and other current assets 268 169
Property and equipment, net 5,585 5,611
Total assets 101,649 101,178
Accounts payable 834 398
Accrued and other current liabilities 409 526
Secured credit facilities and other debt, net 85,172 78,076
Total liabilities $ 86,415 $ 79,000
Class A Common Stock    
Common stock, par value $ 0.0001 $ 0.0001
Common stock, shares authorized 2,000,000,000 2,000,000,000
Common stock, shares issued 4,832,094 3,721,000
Common stock, shares outstanding 4,832,094 3,721,000
[1] onsolidated assets as of June 30, 2026 and December 31, 2025 include the following assets of certain variable interest entities (“VIEs”) that can only be used to settle the liabilities of those VIEs: Restricted cash, $1,416 and $1,302; Accounts receivable, $154 and $303; Real estate inventory, $94,226 and $93,793; Prepaid expenses and other current assets, $268 and $169; Property and equipment, net, $5,585 and $5,611; Total assets of $101,649 and $101,178, respectively.
[2] onsolidated liabilities as of June 30, 2026 and December 31, 2025 include the following liabilities for which the VIE creditors do not have recourse to Offerpad: Accounts payable, $834 and $398; Accrued and other current liabilities, $409 and $526; Secured credit facilities and other debt, net, $85,172 and $78,076; Total liabilities, $86,415 and $79,000, respectively.