{"schema_version":"secwatch.filing_event.v1","accession":"0001801169-23-000054","form_type":"8-K","ticker":"OPEN","cik":"0001801169","company_name":"Opendoor Technologies Inc.","filed_at":"2023-05-04T23:59:59+00:00","discovered_at":"2026-05-14T18:03:40.654165+00:00","generated_at":"2026-06-15T22:45:59.839357+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 Q1 revenue $3.1B (-39% YoY); net loss $101M; guides Q2 revenue $1.75-1.85B","bullets":["Revenue $3.1B, down 39% YoY; gross margin 5.4% vs 10.4% in 1Q22.","Net loss $101M vs $28M net income in 1Q22; Adjusted EBITDA -$341M vs $176M.","Inventory $2.1B, 6,261 homes; purchased 1,747 homes, down 81% YoY.","Q2 2023 guidance: revenue $1.75-1.85B; Adj. EBITDA -$180M to -$200M.","Workforce reduced by ~22% (560 employees) in April; expects $50M annual savings."],"urls":{"canonical":"https://secwatch.observer/filing/0001801169-23-000054","json":"https://secwatch.observer/filing/0001801169-23-000054.json","markdown":"https://secwatch.observer/filing/0001801169-23-000054.md","text":"https://secwatch.observer/filing/0001801169-23-000054.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1801169/000180116923000054/0001801169-23-000054-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1801169/000180116923000054/open-20230504.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-15T22:45:59.839357+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":"2201ba7428f8c9822030c8931b44c8bffe96dd78","claim":"Opendoor Technologies Inc. reported 2Q23 results: revenue $1.75 billion to $1.85 billion. Guidance initiated.","evidence_excerpt":"• 2Q23 revenue guidance of $1.75 billion to $1.85 billion • 2Q23 Adjusted EBITDA 1 guidance of $(180) million to $(200) million","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1801169/000180116923000054/0001801169-23-000054-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"2Q23"},{"label":"Revenue","value":"$1.75 billion to $1.85 billion"},{"label":"Guidance","value":"initiated"},{"label":"Result","value":"guidance update"}],"fact_type":"earnings_release"},{"claim_id":"235317f37efeffb33980e1cd8cbfd85e4b569bb6","claim":"Opendoor Technologies Inc. reported first quarter ended March 31, 2023 results: revenue $3.1 billion, net income $(101) million.","evidence_excerpt":"• Revenue of $3.1 billion, down (39)% versus 1Q22; with 8,274 total homes sold, down (35)% versus 1Q22 • Gross profit of $170 million, which reflects an inventory valuation adjustment on homes remaining in inventory at quarter end of $23 million; Gross Margin of 5.4%, versus 10.4% in 1Q22 • Net (loss) income of $(101) million, versus $28 million in 1Q22","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1801169/000180116923000054/0001801169-23-000054-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter ended March 31, 2023"},{"label":"Revenue","value":"$3.1 billion"},{"label":"Net income","value":"$(101) million"},{"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"}