Earnings summaries and quarterly performance for Opendoor Technologies.
Executive leadership at Opendoor Technologies.
Board of directors at Opendoor Technologies.
Research analysts who have asked questions during Opendoor Technologies earnings calls.
Ryan Tomasello
Keefe, Bruyette & Woods
4 questions for OPEN
Also covers: BLND, CSGP, FIGR +6 more
Ygal Arounian
Citigroup
4 questions for OPEN
Also covers: ANGI, BARK, BMBL +13 more
Dae Lee
JPMorgan Chase & Co.
3 questions for OPEN
Also covers: BKNG, EB, EXPE +5 more
Nick McAndrew
Zelman & Associates
3 questions for OPEN
Also covers: COMP, HOUS, REAX +1 more
Nicholas Jones
Citizens JMP
2 questions for OPEN
Also covers: ACVA, ANGI, CARG +14 more
Andrew Boone
JMP Securities
1 question for OPEN
Also covers: CARG, CART, CVNA +23 more
Ben Black
Deutsche Bank
1 question for OPEN
Also covers: SPOT
Benjamin Black
Deutsche Bank AG
1 question for OPEN
Also covers: APP, BMBL, COMP +10 more
Bret Jordan
Jefferies
1 question for OPEN
Also covers: AAP, ABG, AN +19 more
Craig Kennison
Robert W. Baird & Co. Incorporated
1 question for OPEN
Also covers: BC, CPRT, CWH +15 more
Rajat Gupta
JPMorgan Chase & Co.
1 question for OPEN
Also covers: ABG, ACVA, AN +10 more
Recent press releases and 8-K filings for OPEN.
Opendoor Technologies Inc. Distributes Special Dividend of Tradable Warrants
OPEN
Dividends
Delisting/Listing Issues
- Opendoor Technologies Inc. distributed a special dividend of tradable warrants (Series K, A, and Z) to its registered stockholders and certain convertible noteholders on November 21, 2025.
- Shareholders of record as of November 18, 2025, received one warrant of each series for every thirty shares of the Company’s common stock held.
- The warrants have exercise prices of $9.00 for Series K, $13.00 for Series A, and $17.00 for Series Z.
- Each series will expire on November 20, 2026, unless an Early Expiration Price Condition is met, with trigger prices of $10.80 (Series K), $15.60 (Series A), and $20.40 (Series Z).
- The Series K, Series A, and Series Z warrants are expected to commence trading on The Nasdaq Stock Market under the tickers OPENW, OPENL, and OPENZ, respectively.
Nov 21, 2025, 9:41 PM
Opendoor Technologies Inc. announces common stock issuance
OPEN
- Opendoor Technologies Inc. filed a prospectus supplement on November 7, 2025, to register the issuance and sale of 180,580,200 shares of common stock.
- These shares are being sold at a price of $6.56 per share pursuant to share purchase agreements dated November 6, 2025, and the company's effective shelf registration statement on Form S-3.
- Latham & Watkins LLP provided a legal opinion confirming the validity of the issuance and sale of these shares.
Nov 7, 2025, 2:08 PM
Opendoor Technologies Announces AI-Driven Transformation and 2026 Profitability Target
OPEN
CEO Change
Guidance Update
Demand Weakening
- Opendoor Technologies is undergoing a strategic transformation under new CEO Kaz Nejatian, focusing on becoming a software and AI-driven company to enhance profitability and operational efficiency.
- For the third quarter, the company reported $915 million in revenue, a 33.7% year-over-year decrease, and a net loss of $90 million, with GAAP EPS at -$0.12.
- The company has set a target to achieve breakeven adjusted net income by the end of 2026.
- Transaction volumes saw a significant decline year-over-year, with homes sold decreasing from 3,615 to 2,568 and homes purchased falling from 3,504 to 1,169.
Nov 7, 2025, 12:59 PM
Opendoor Outlines "Opendoor 2.0" Strategy, Targets 2026 Profitability, and Addresses Capital Structure
OPEN
Guidance Update
Management Change
New Projects/Investments
- Opendoor is undergoing a significant strategic shift, dubbed "Opendoor 2.0," under new leadership, moving from an asset manager to a software company focused on AI, operational excellence, and a direct-to-consumer model.
- The company aims to achieve adjusted net income profitability by the end of 2026 on a forward 12-month basis, supported by planned cost reductions, including an expected 20% decrease in adjusted operating expenses for the 12 months ending June 30, 2026, compared to the prior year.
- Opendoor has addressed its capital structure by reaching an agreement to retire the majority of convertible notes and raised nearly $200 million via an ATM program. Additionally, the company is issuing a dividend warrant to shareholders with exercise prices at $9, $13, and $17.
- For Q4 2025, Opendoor expects acquisitions to increase by at least 35% from Q3, but revenue is projected to decrease approximately 35% quarter over quarter, with an anticipated adjusted EBITDA loss in the high $40 million-$50 million range.
Nov 6, 2025, 10:00 PM
Opendoor Announces Special Warrant Dividend and Concurrent Financial Transactions
OPEN
Dividends
- Opendoor Technologies Inc. announced a special dividend distribution of three series of tradable warrants (Series K, Series A, and Series Z) to shareholders of record as of November 18, 2025.
- For every thirty (30) shares of common stock held, shareholders will receive one warrant of each series, with exercise prices set at $9 for Series K, $13 for Series A, and $17 for Series Z.
- The warrants are expected to be listed on Nasdaq under the symbols OPENW, OPENL, and OPENZ and are scheduled to expire on November 20, 2026, unless an Early Expiration Price Condition is met.
- Concurrently, Opendoor entered into a Registered Direct Offering for 180,580,200 shares at $6.56 per share and a Convertible Notes Repurchase of approximately $264 million principal amount of 2030 Convertible Notes for $1.2 billion, both expected to close on November 13, 2025.
Nov 6, 2025, 9:51 PM
Opendoor Technologies Inc. Announces Q3 2025 Results and New CEO's Path to Profitability
OPEN
Earnings
CEO Change
Guidance Update
- Opendoor Technologies Inc. announced Kaz Nejatian as its new CEO, who is refounding the company as a software and AI company, committing to return to profitability by accelerating transactions, strengthening unit economics, and driving operational efficiency.
- The company aims to achieve breakeven Adjusted Net Income on a 12-month go-forward basis by the end of 2026.
- For Q3 2025, Opendoor reported revenue of $915 million, a net loss of $(90) million, and an Adjusted EBITDA loss of $(33) million.
- The Q4 2025 financial outlook projects acquisitions to increase at least 35% from Q3 2025, revenue to decrease approximately 35% quarter-over-quarter, and an Adjusted EBITDA loss in the high $40 millions to mid $50 millions.
Nov 6, 2025, 9:24 PM
Opendoor Technologies Reports Q3 2025 Results and Outlines Path to Profitability
OPEN
Earnings
CEO Change
Guidance Update
- Opendoor Technologies reported revenue of $915 million for the third quarter ended September 30, 2025, compared to $1,377 million for the same period in 2024. The company posted a net loss of $(90) million and Adjusted EBITDA of $(33) million for Q3 2025.
- CEO Kaz Nejatian announced a strategic shift to refound Opendoor as a software and AI company, with a clear path to achieving breakeven Adjusted Net Income on a 12-month go-forward basis by the end of 2026.
- The company's management objectives to reach its profitability target include scaling acquisitions, improving unit economics and resale velocity, and building operating leverage.
- For Q4 2025, Opendoor expects acquisitions to increase at least 35% from Q3 2025, revenue to decrease approximately 35% quarter-over-quarter, and an Adjusted EBITDA loss in the high $40 millions to mid $50 millions.
Nov 6, 2025, 9:07 PM
Opendoor Technologies Inc. announces continental U.S. market expansion plans
OPEN
Product Launch
New Projects/Investments
- Opendoor Technologies Inc. intends to expand its product offerings to provide services throughout the entire continental United States in the coming weeks.
- This expansion will include direct cash offers, cash plus, or working with partner agents to provide listing services.
- The company also specified its official disclosure channels, including its website, press releases, SEC filings, blogs, community hub, and social media accounts, for disseminating material non-public information.
Sep 17, 2025, 11:01 AM
Opendoor Announces New CEO, Board Changes, and Equity Investment
OPEN
CEO Change
Board Change
New Projects/Investments
- Opendoor Technologies Inc. appointed Kaz Nejatian as its new Chief Executive Officer and a member of the Board of Directors, effective prior to October 7, 2025.
- Co-founders Keith Rabois and Eric Wu rejoined the Board of Directors, with Rabois also appointed as Chairman.
- Khosla Ventures and Eric Wu, along with other purchasers, are investing a total of $41 million in equity capital through a private investment in the Company.
Sep 11, 2025, 10:03 AM
Opendoor Announces Leadership Transition and Interim CEO Appointment
OPEN
CEO Change
Management Change
Board Change
- Carrie Wheeler has stepped down as Opendoor’s Chief Executive Officer and Chair of the Board, effective immediately.
- Shrisha Radhakrishna, currently Chief Technology & Product Officer, has been appointed President and interim leader of Opendoor.
- The Board has elected Eric Feder as Lead Independent Director, and a CEO search is currently underway.
Aug 15, 2025, 1:00 PM
Quarterly earnings call transcripts for Opendoor Technologies.
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