---
schema_version: "secwatch.filing_event.v1"
accession: "0001801169-22-000075"
form_type: "8-K"
ticker: "OPEN"
cik: "0001801169"
company_name: "Opendoor Technologies Inc."
filed_at: "2022-08-04T23:59:59+00:00"
generated_at: "2026-06-24T04:25:28.730128+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Opendoor Q2 revenue $4.2B (+254% YoY), record gross profit; guides Q3 Adj EBITDA loss of $125-175M

## Summary
- Revenue $4.2B, up 254% YoY; net loss $(54)M vs $(144)M; adjusted EBITDA $218M vs $25M.
- Gross profit $486M (11.6% margin); Contribution profit $422M record (10.1% margin).
- Q3 guidance: revenue $2.2-2.6B, Adj EBITDA $(175) to $(125)M reflecting housing slowdown.
- Rapid macro shift: 30-yr mortgage rates averaged 5.3% in Q2; company increased spreads, cut listing prices to manage risk.
- Ended Q2 with 17,013 homes inventory ($6.6B); $2.5B cash; expanded to 51 markets; exclusive Zillow partnership.

## SEC filing metadata
- accession: 0001801169-22-000075
- form_type: 8-K
- ticker: OPEN
- cik: 0001801169
- company_name: Opendoor Technologies Inc.
- filed_at: 2022-08-04T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1801169/000180116922000075/0001801169-22-000075-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1801169/000180116922000075/open-20220804.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001801169-22-000075
- JSON: https://secwatch.observer/filing/0001801169-22-000075.json
- Plain text: https://secwatch.observer/filing/0001801169-22-000075.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.