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Dec 31, 2023
Opendoor Q4 2023 Earnings Report
Opendoor's Q4 2023 financial results were announced, demonstrating the company's ability to deliver despite housing market uncertainty.
Key Takeaways
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.
Revenue was $870 million, down 70% compared to Q4 2022.
Gross profit was $72 million, compared to $71 million in Q4 2022.
Net loss was $(91) million, versus $(399) million in Q4 2022.
Purchased 3,683 homes, up 7% versus 4Q22.
Opendoor
Opendoor
Forward Guidance
Opendoor anticipates 1Q24 revenue between $1.05 billion and $1.1 billion, Contribution Profit between $40 million and $50 million, and Adjusted EBITDA between $(80) million and $(70) million.