Offerpad Solutions Inc. (NYSE:OPAD) Q3 2023 Earnings Call Transcript

Page 3 of 3

With Direct Plus, the customer will get the same experience, but one of our partners will close that house as well. So on the asset light, so it’ll always be the foundation of what we do.

Jawad Ahsan: Yes. And then just to add on to that, Ryan so, as Brian mentioned, those are the four pillars, and you heard us talk about in our prepared remarks how half of our transaction volume came from none. For year-to-date, 2023 half of our transaction volume has come from non-cash offer non-ibuying. And so we think we’ve got the right foundation heading into next year to have those be legitimate business lines. They’re still fairly small portions of our revenue, but the baseline is there. The foundation is there for us to build on the momentum that we’ve got, and specifically, FLEX, as Brian mentioned, are really coming on strong. And so, look, we’re really excited about how we are going to be diversifying the business because we’ve never seen ourselves as an iBuyer. We’ve seen ourselves as really a real estate solutions platform and the transaction volume is bearing that out and you’re going to see that translate into revenue in the next one to two years.

Ryan Tomasello: Great. Thanks for the call.

Brian Bair: Yes. That was great questions you’ve asked us. Two of the questions we were looking forward to the most today.

Operator: Thank you. That concludes the question-and-answer session as well as today’s call. Thank you for your participation. You may now disconnect your lines.

Follow Offerpad Solutions Inc.

Page 3 of 3