Opendoor Technologies Q2 2025 Earnings Preview: Revenue Expectations Down 0.7% Y/Y

Opendoor Technologies is set to announce Q2 2025 earnings on August 5th after market close. The consensus EPS estimate is -$0.02 and the consensus revenue estimate is $1.5B, a -0.7% Y/Y decline. Over the last year, OPEN has seen a 15% decline in its stock price.

Opendoor Technologies (NASDAQ: OPEN), a technology real estate company, is scheduled to announce its Q2 2025 earnings results on Tuesday, August 5th, after market close. The consensus EPS estimate is -$0.02, and the consensus revenue estimate is $1.5B, marking a -0.7% year-on-year (YoY) decline. Over the last year, OPEN has experienced a 15% decline in its stock price.

In the most recent quarter, Opendoor reported revenues of $1.15 billion, down 2.4% year on year, and beat analysts' revenue expectations by 9.3% [1]. The company also reported an impressive beat of analysts' EBITDA estimates and exceeded guidance for the next quarter. Opendoor sold 2,946 homes, down 4.3% year on year. Analysts expect a flat revenue year-on-year at $1.50 billion for Q2 2025, with an adjusted loss of -$0.02 per share. The majority of analysts covering the company have reconfirmed their estimates, suggesting they anticipate the business to stay the course heading into earnings.

Comparatively, peers in the real estate services segment have reported strong results. CBRE delivered year-on-year revenue growth of 16.2%, and Newmark reported revenues up 19.9%, both beating analysts' expectations [1]. Despite these strong performances, investors in the real estate services segment have had steady hands going into earnings, with share prices flat over the last month. Opendoor, however, has been up 255% during the same period and is heading into earnings with an average analyst price target of $1.17, compared to the current share price of $2.22.

Opendoor has a history of beating revenue and EPS estimates, having done so 75% of the time over the last year. Over the last three months, EPS estimates have seen 4 upward revisions and 0 downward revisions, while revenue estimates have seen 4 upward revisions and 4 downward revisions [2].

Investors should closely monitor the earnings call for any updates on the company's growth strategies, particularly in light of the ongoing impact of generative AI on the real estate sector. As of the current date, the stock price of OPEN remains volatile, reflecting the market's anticipation of the earnings report.

References:
[1] https://finance.yahoo.com/news/expect-opendoor-open-q2-earnings-030118570.html
[2] https://seekingalpha.com/news/4477614-opendoor-technologies-q2-2025-earnings-preview