Opendoor’s Q3 2025 results showed a year-over-year drop in revenue and increased net loss as the company repositions itself with a focus on software and operational efficiency. Despite reduced acquisitions and inventory, the leadership emphasized a clear path to profitability.

Opendoor delivered $1.57B in revenue and significantly narrowed its net loss to $29M, while achieving its first quarter of adjusted EBITDA profitability since 2022 amid declining inventory and purchases.

Opendoor reported revenue of $1.2 billion and a net loss of $(85) million for Q1 2025. The company showed improvement in Adjusted EBITDA and reduced Adjusted Net Losses compared to the prior year and previous quarter, reflecting disciplined execution.

Opendoor Technologies Inc. announced its Q4 2024 financial results, with revenue of $1.1 billion and a net loss of $(113) million. The company demonstrated strong execution in 2024, achieving a full-year gross margin of 8.4% and significantly reducing Adjusted Net Losses.

Opendoor Technologies Inc. reported financial results for the third quarter ended September 30, 2024. The company's revenue was $1.4 billion, up 41% year-over-year. They sold 3,615 homes, up 35% year-over-year. The net loss was $(78) million, improved from $(106) million in the third quarter of 2023.

Opendoor's Q2 2024 revenue was $1.5 billion, a decrease of 24% compared to Q2 2023, but an increase of 28% compared to Q1 2024. The company sold 4,078 homes, down 24% year-over-year and up 32% quarter-over-quarter. The company reported a net loss of $(92) million, compared to a net income of $23 million in Q2 2023.

Opendoor Technologies Inc. reported its Q1 2024 financial results, exceeding guidance with a revenue of $1.2 billion, a gross profit of $114 million, and a net loss of $(109) million. The company saw a 36% increase in revenue compared to the previous quarter and more than doubled its market share year-over-year.

Opendoor's Q4 2023 revenue was $870 million, a 70% decrease compared to Q4 2022. They sold 2,364 homes, down 69% year-over-year. The company reported a net loss of $91 million, significantly better than the $399 million loss in Q4 2022. They purchased 3,683 homes, up 7% year-over-year.

Opendoor's Q3 2023 results were in line with or ahead of prior guidance, driven by a focus on operational excellence. The company returned to a positive contribution margin and saw market share gains. Revenue was $980 million, and the net loss was $(106) million.

Opendoor Technologies Inc. reported Q2 2023 financial results, exceeding the high end of guidance with a focus on cost efficiencies and risk management. The company sold 5,383 homes and saw a decrease in revenue compared to both Q2 2022 and Q1 2023. They anticipate a return to positive contribution margin levels in Q3 2023.

Opendoor's Q1 2023 results showed a revenue of $3.1 billion, a net loss of $(101) million, and the sale of 8,274 homes. The company focused on managing the housing market transition, improving sell-through of older inventory, and building new inventory with strong margin performance.

Opendoor Technologies Inc. reported a decrease in revenue and homes sold compared to Q4 2021. The company experienced a net loss of $(399) million, which was impacted by inventory valuation adjustments. However, Opendoor is focused on operating with excellence and leaning into its core strengths to emerge from this year stronger.

Opendoor Technologies Inc. reported its Q3 2022 financial results, with revenue of $3.4 billion, a gross loss of $(425) million (including a $573 million inventory valuation adjustment), and a net loss of $(928) million. The company focused on accelerating resale velocity and increasing spreads on new acquisitions to improve inventory health. They also launched Exclusives, a marketplace to connect buyers and sellers.

Opendoor reported a strong second quarter with revenue increasing by 254% year-over-year to $4.2 billion. Gross profit reached $486 million, and the company achieved a net loss of $(54) million, an improvement compared to the previous year's $(144) million. The company sold 10,482 homes, a 201% increase year-over-year, and expanded its market presence to 51 markets.

Opendoor Technologies Inc. reported its Q1 2022 financial results, achieving record revenue of $5.2 billion, a gross profit of $535 million, and a net income of $28 million. The company sold 12,669 homes and launched its services in the San Francisco Bay Area, expanding its reach to 45 markets.

Opendoor reported a revenue of $3.8 billion, up 1,435% year-over-year, and sold 9,794 homes, up 1,054% year-over-year. The company's gross profit was $272 million, with a net loss of $191 million. They purchased 9,639 homes and grew their inventory to 17,009 homes.

Opendoor's Q3 2021 results showed significant growth, exceeding expectations with $2.3 billion in revenue, 15,181 homes acquired, and over $170 million in Contribution Profit and $35 million in Adjusted EBITDA.

Opendoor Technologies Inc. reported strong financial results for Q2 2021, acquiring a record 8,494 homes, generating revenue of $1.2 billion, and delivering adjusted EBITDA of $25.6 million. This represents growth of 136% in homes acquired and 59% in revenue compared to the first quarter.

Opendoor Technologies Inc. reported strong Q1 2021 financial results, exceeding guidance with significant growth in homes sold, homes purchased, and total revenue. The company experienced record offer requests, conversion of real sellers, and number of market launches, while maintaining a high Net Promoter Score (NPS) from sellers.

Opendoor Technologies Inc. reported strong Q4 2020 results, exceeding prior forecasts with a focus on digitizing the real estate transaction. The company saw increasing business momentum, healthy margins, and plans to double its footprint to 42 markets. They also became publicly-traded and completed a follow-on public equity offering, increasing cash and marketable securities.