Opendoor Technologies Soars 12.7% on Strong Q1 Results

Opendoor Technologies Inc. reported a 12.7% increase in pre-market trading on May 7, 2025, driven by strong first-quarter financial results.

Opendoor Technologies Inc. reported revenue of $1.2 billion for the first quarter of 2025, reflecting a 2% decrease from the same period in 2024. The company's net loss narrowed, and adjusted EBITDA improved, indicating better operational efficiency. Despite the revenue decline, Opendoor's strategic moves, such as increasing inventory and home purchases, suggest a focus on long-term growth.

Opendoor Technologies Inc. delivered earnings and revenue surprises of 18.18% and 8.48%, respectively, for the quarter ended March 2025. The company reported a net loss of $85 million for the first quarter of 2025, but its revenue of $1.15 billion surpassed expectations. The company's adjusted operating expenses dropped to $84 million, a significant reduction from the previous quarter.

Opendoor Technologies Inc. reported a Q1 GAAP EPS of -$0.12, surpassing expectations. The company's quarterly losses of 9 cents per share beat the analyst consensus estimate of losses of 10 cents. The company's revenue of $1.15 billion also exceeded forecasts, indicating strong performance despite the challenging market conditions.