{"schema_version":"secwatch.filing_event.v1","accession":"0001801169-22-000106","form_type":"8-K","ticker":"OPEN","cik":"0001801169","company_name":"Opendoor Technologies Inc.","filed_at":"2022-11-03T23:59:59+00:00","discovered_at":"2026-05-14T18:03:52.172379+00:00","generated_at":"2026-06-22T09:42:12.324695+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Opendoor Q3 2022: Revenue $3.4B, Net Loss $928M; Guides Q4 Adj EBITDA -$355M to -$335M","bullets":["Revenue $3.4B (+48% YoY); homes sold 8,520 (+42% YoY).","Gross loss $(425)M incl. $573M inventory valuation adjustment; contribution margin (0.7)% vs 7.5%.","Net loss $(928)M; Adj EBITDA $(211)M; Q4 guidance: revenue $2.3B-$2.5B, Adj EBITDA $(355)M-$(335)M.","Reduced workforce ~18%; scaled back capacity ~25% vs Q2; marketing spend down 40%+.","Launched Exclusives marketplace; aim >30% of total transactions via marketplace by end of 2023."],"urls":{"canonical":"https://secwatch.observer/filing/0001801169-22-000106","json":"https://secwatch.observer/filing/0001801169-22-000106.json","markdown":"https://secwatch.observer/filing/0001801169-22-000106.md","text":"https://secwatch.observer/filing/0001801169-22-000106.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1801169/000180116922000106/0001801169-22-000106-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1801169/000180116922000106/open-20221103.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-22T09:42:12.324695+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"409b2dae2319e8c49d8c2c4b569399caba8c8ef4","claim":"Opendoor Technologies Inc. reported third quarter ended September 30, 2022 results: revenue $3.4 billion, net income $(928) million. Guidance initiated.","evidence_excerpt":"better, more efficient, and more transparent marketplace, we can improve the experience and outcomes for both buyers and sellers.” Third Quarter 2022 Key Highlights • Revenue of $3.4 billion, up 48% versus 3Q21; with 8,520 total homes sold, up 42% versus 3Q21 • Gross (loss) profit of $(425) million, which reflects an inventory valuation adjustment of $573 million,","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1801169/000180116922000106/0001801169-22-000106-index.htm","confidence":0.98,"family_label":"Earnings Releases","details":[{"label":"Period","value":"third quarter ended September 30, 2022"},{"label":"Revenue","value":"$3.4 billion"},{"label":"Net income","value":"$(928) million"},{"label":"Guidance","value":"initiated"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}