Offerpad Customer Satisfaction and Business Performance

2Q 2023 Results Revenue $230.1M (62%) QoQ Homes Acquired 840 +131% QoQ Homes Sold 650 (60%) QoQ Net Income (loss) ($22.3M) ($121.1M) Q4 2022 • Q2 2023 HIGHLIGHTS Managed through remaining legacy inventory acquired Aug'22 & earlier More than doubled Acquisition volume QoQ Contribution profit after interest per Home Sold excluding Legacy Inventory of $31k Adj. EBITDA Gross profit (loss) per home sold Contribution Profit (loss) after Interest per Home Sold Offerpad. ($17.3M) ($103.7M) $34.2K ($2.9K) Q4 2022 ($24.1K) Q4 2022 ($32.8K) Q4 2022 Note: QoQ represents a comparison against the comparable period in the prior quarter (2Q 23 vs. 1Q 23). Legacy Inventory defined as homes acquired in August' 22 and earlier 25

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