---
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"
generated_at: "2026-06-22T09:42:12.324695+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Opendoor Q3 2022: Revenue $3.4B, Net Loss $928M; Guides Q4 Adj EBITDA -$355M to -$335M

## Summary
- 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.

## SEC filing metadata
- 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
- 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/1801169/000180116922000106/0001801169-22-000106-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1801169/000180116922000106/open-20221103.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001801169-22-000106
- JSON: https://secwatch.observer/filing/0001801169-22-000106.json
- Plain text: https://secwatch.observer/filing/0001801169-22-000106.txt

## Key facts
- Earnings Releases
  Opendoor Technologies Inc. reported third quarter ended September 30, 2022 results: revenue $3.4 billion, net income $(928) million. Guidance initiated.
  - Period: third quarter ended September 30, 2022
  - Revenue: $3.4 billion
  - Net income: $(928) million
  - Guidance: initiated
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1801169/000180116922000106/0001801169-22-000106-index.htm

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