For Q1 FY2026 ended March 31, 2026, Opendoor reported revenue of $720 million, down 37.6% year-over-year. Net loss was $173 million, widening 103.5% from the prior year. Operating loss was $159 million, down 183.9% year-over-year. Diluted EPS was -$0.18, a 50% decline. The company held $999 million in cash and $954 million in equity.
•Revenue fell 37.6% YoY to $720 million.
•Net loss widened to $173 million, a 103.5% increase YoY.
•Operating loss deepened to $159 million, down 183.9% YoY.
•Diluted EPS was -$0.18, a 50% decline from prior year.
Informational summary based on SEC XBRL figures · generated by deepseek-v4-flash. Not investment advice.
Opendoor Technologies Inc. operates a digital platform for residential real estate transactions in the United States. It buys and sells homes through online e-commerce platform.
It also resells the home to a home buyer, as well as real estate brokerage, title insurance and settlement, and escrow services property and casualty insurance, real estate licenses, and construction services.
Formerly known as Social Capital Hedosophia Holdings Corp. II, the company rebranded as Opendoor Technologies Inc. Opendoor Technologies Inc. was incorporated in 2013 and is based in Tempe, Arizona.
Opendoor Technologies Inc. operates a digital platform for residential real estate transactions in the United States. The company buys and sells homes through its online e-commerce platform. When Opendoor purchases a home, it then resells the property to a home buyer. Additionally, Opendoor offers a range of related services including real estate brokerage, title insurance and settlement, escrow services, property and casualty insurance, real estate licenses, and construction services. This integrated approach aims to simplify the home buying and selling process for consumers.
Where is Opendoor Technologies Inc. (OPEN) listed and in what currency?
Opendoor Technologies Inc. is listed on the Nasdaq Global Select Market (NasdaqGS) under the ticker symbol OPEN. Its shares are traded in U.S. dollars (USD). The company is headquartered in Tempe, Arizona, and operates primarily in the United States.
What sector and industry does Opendoor Technologies Inc. (OPEN) belong to?
Opendoor Technologies Inc. is classified under the Real Estate sector and specifically within the Real Estate Services industry. This means the company provides services related to real estate transactions rather than directly owning or developing properties. Its digital platform and ancillary services (such as brokerage, title insurance, and escrow) fall under real estate services, helping facilitate the buying and selling of homes.
Where is Opendoor Technologies Inc. (OPEN) headquartered and what markets does it serve?
Opendoor Technologies Inc. is headquartered in Tempe, Arizona, United States. The company serves the residential real estate market across the United States. It operates a digital platform that enables consumers to buy and sell homes online, and it also provides real estate brokerage, title insurance, escrow, and other related services nationwide. Opendoor's operations are focused entirely on the U.S. market.
How does Opendoor Technologies Inc. (OPEN) make money?
Opendoor Technologies Inc. generates revenue primarily by buying and reselling homes. The company purchases homes from sellers through its online platform, often after making necessary repairs or improvements, and then sells them to home buyers at a markup. Additionally, Opendoor earns fees from its real estate brokerage services, title insurance and settlement services, escrow services, and property and casualty insurance. It also offers construction services and real estate licenses. This diversified revenue model allows Opendoor to capture value at multiple points in the real estate transaction process.