---
schema_version: "secwatch.filing_event.v1"
accession: "0001801169-23-000022"
form_type: "8-K"
ticker: "OPEN"
cik: "0001801169"
company_name: "Opendoor Technologies Inc."
filed_at: "2023-02-23T23:59:59+00:00"
generated_at: "2026-06-19T03:10:16.212238+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Opendoor Q4 2022 revenue $2.9B, net loss $399M; guides Q1 2023 revenue $2.45-2.65B, Adj EBITDA -$350M to -$370M

## Summary
- Q4 2022 revenue $2.9B, down 25% YoY; homes sold 7,512, down 23% YoY.
- GAAP net loss $399M vs $191M loss in Q4 2021; Adjusted EBITDA -$351M vs breakeven.
- Full year 2022 revenue $15.6B (+94%), net loss $1.353B, adjusted EBITDA -$168M.
- Q1 2023 guidance: revenue $2.45-2.65B, Adjusted EBITDA -$350M to -$370M.
- New book (post-Q2 cohort) contribution margin 9.7% in Q4; expect positive unit margins by 2H 2023.

## SEC filing metadata
- accession: 0001801169-23-000022
- form_type: 8-K
- ticker: OPEN
- cik: 0001801169
- company_name: Opendoor Technologies Inc.
- filed_at: 2023-02-23T23:59:59+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/1801169/000180116923000022/0001801169-23-000022-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1801169/000180116923000022/open-20230223.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001801169-23-000022
- JSON: https://secwatch.observer/filing/0001801169-23-000022.json
- Plain text: https://secwatch.observer/filing/0001801169-23-000022.txt

## Key facts
- Earnings Releases
  Opendoor Technologies Inc. reported Full Year 2022 results: revenue $15.6 billion, net income $(1.4) billion. Guidance initiated.
  - Period: Full Year 2022
  - Revenue: $15.6 billion
  - Net income: $(1.4) billion
  - Guidance: initiated
  - Result: reported results
  source text: Full Year 2022 Key Highlights • Total revenue of $15.6 billion, up 94% versus 2021; with 39,183 homes sold, up 80% versus 2021 • Gross profit of $667 million, which reflects an inventory valuation adjustment on homes remaining in inventory at year end of $458 million; Gross Margin of 4.3% versus 9.1% in 2021 • Net loss of $(1.4) billion, versus $(662) million in 2021
  evidence_url: https://www.sec.gov/Archives/edgar/data/1801169/000180116923000022/0001801169-23-000022-index.htm
- Earnings Releases
  Opendoor Technologies Inc. reported Fourth Quarter 2022 results: revenue $2.9 billion, net income $(399) million. Guidance initiated.
  - Period: Fourth Quarter 2022
  - Revenue: $2.9 billion
  - Net income: $(399) million
  - Guidance: initiated
  - Result: reported results
  source text: Fourth Quarter 2022 Key Highlights • Revenue of $2.9 billion, down (25)% versus 4Q21; with 7,512 total homes sold, down (23)% versus 4Q21 • Gross profit of $71 million, which reflects an inventory valuation adjustment on homes remaining in inventory at year end of $73 million; Gross Margin of 2.5%, versus 7.1% in 4Q21 • Net loss of $(399) million, versus $(191) million in 4Q21
  evidence_url: https://www.sec.gov/Archives/edgar/data/1801169/000180116923000022/0001801169-23-000022-index.htm

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