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Dec 31, 2021
Opendoor Q4 2021 Earnings Report
Opendoor's Q4 2021 financial results were announced, demonstrating significant revenue growth and market leadership.
Key Takeaways
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.
Revenue increased by 1,435% compared to Q4 2020, reaching $3.8 billion.
Homes sold increased by 1,054% compared to Q4 2020, totaling 9,794 homes.
Gross profit reached $272 million, compared to $39 million in Q4 2020.
Inventory balance grew to 17,009 homes, representing $6.1 billion in value.
Opendoor
Opendoor
Forward Guidance
Opendoor anticipates revenue between $4.1 billion and $4.3 billion and Adjusted EBITDA between $30 million and $40 million for Q1 2022.
Positive Outlook
- Revenue guidance of $4.1B - $4.3B for Q1 2022, up 462% YoY at midpoint.
- Adjusted EBITDA guidance of $30M - $40M for Q1 2022, up $37M YoY at midpoint.
- Continued growth in revenue.
- Positive Adjusted EBITDA.
- Strong year-over-year growth.