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OPEN

Opendoor·NASDAQ
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OPEN fundamentals

Opendoor (OPEN) released its earnings on Nov 6, 2025: revenue was 915.00M (YoY -33.70%), beat estimates; EPS was -0.08 (YoY +27.27%), missed estimates.
Revenue / YoY
915.00M
-33.70%
EPS / YoY
-0.08
+27.27%
Report date
Nov 6, 2025
OPEN Earnings Call Summary for Q3,2025
  • AI-Driven Transformation: Home acquisitions nearly doubled in seven weeks, with AI automating 750 weekly home assessments. Direct-to-consumer (D2C) funnel conversion improved 6x.
  • Cost Efficiency: 41% reduction in adjusted operating expenses to $53 million; 20% OpEx reduction target for 2026. $200M ATM raise refinanced high-cost debt.
  • Profitability Goals: Targeting adjusted net income breakeven by end-2026, with Q4 2025 acquisitions up 35% and contribution margin 5-7%.
  • Innovation Push: Launched Opendoor Checkout for direct home purchases; exploring tokenization and stablecoin integration. Mortgage and warranty services in development.
  • Shareholder Alignment: Warrant dividend program offers three series with $9, $13, $17 strikes, aligning upside with long-term success.
EPS
Revenue

Revenue & Expenses

OPEN has released its 2025 Q3 earnings report, with revenue of 915.00M, reflecting a YoY change of -33.55%, and net profit of -90.00M, showing a YoY change of -15.38%. The Sankey diagram below clearly presents OPEN's revenue sources and cost distribution.

Key Indicators

Opendoor (OPEN) key financial stats and ratios, covering profitability, financial health, and leverage.
Opendoor (OPEN)'s revenue and profit trends over recent years, visualized with a waterfall chart to showcase the revenue-to-profit funnel.
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Opendoor (OPEN)'s asset and liability trends over recent years, visualized with a waterfall chart to illustrate changes in its asset-liability structure.
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Opendoor (OPEN)'s cash flow trends over recent years, visualized with a waterfall chart to illustrate changes in its operating, investing, and financing cash flows.
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Where does Opendoor (OPEN) generate its revenue? Explore its key revenue streams and top earning regions.
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Track Opendoor (OPEN) Dividend Yield, Payout Ratio & Sustainability Through Its Dividend History
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Dividend Yield