Loading...
•
Mar 31, 2025
Opendoor Q1 2025 Earnings Report
Reported financial results for its first quarter ended March 31, 2025
Key Takeaways
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.
Revenue for Q1 2025 was $1.153 billion, a decrease of 2% compared to Q1 2024.
Net loss for Q1 2025 was $(85) million, an improvement from $(109) million in Q1 2024.
Adjusted EBITDA for Q1 2025 was $(30) million, an improvement from $(50) million in Q1 2024.
Homes sold in Q1 2025 totaled 2,946, down 4% compared to Q1 2024.
Forward Guidance
For the second quarter of 2025, Opendoor expects revenue between $1.45 billion and $1.525 billion and Adjusted EBITDA between $10 million and $20 million.
Positive Outlook
- Expected increase in revenue compared to Q1 2025.
- Positive Adjusted EBITDA guidance, indicating expected profitability on this metric.
- Forecasted Contribution Profit between $65 million and $75 million.
- Continued focus on driving toward profitability.
- Investing in evolving Opendoor into a broader selling platform.
Challenges Ahead
- Guidance ranges still reflect uncertainty.
- External market conditions can impact results.
- Competition in the real estate industry remains high.
- Ability to access capital and manage inventory are potential risks.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...