{"schema_version":"secwatch.filing_event.v1","accession":"0001801169-23-000096","form_type":"8-K","ticker":"OPEN","cik":"0001801169","company_name":"Opendoor Technologies Inc.","filed_at":"2023-08-03T23:59:59+00:00","discovered_at":"2026-05-14T18:03:35.294648+00:00","generated_at":"2026-06-12T09:06:41.769722+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Opendoor Q2 revenue $2.0B (-53% YoY); guides Q3 rev $950M-$1.0B, adj EBITDA -$60M to -$70M","bullets":["Revenue $2.0B, down 53% YoY; GAAP net income $23M vs loss of $54M YoY; adjusted net loss $197M.","Gross margin 7.5% vs 11.6% YoY; contribution margin -4.6% vs 10.1% YoY; homes sold 5,383, down 49%.","Inventory $1.1B, down 83% YoY; new book homes sold generated 14.4% gross margin and 10.6% contribution margin.","Repurchased $279M of 2026 convertible notes at discount, recording $104M gain; ended Q2 with $1.6B total capital.","Q3 guidance: revenue $950M-$1.0B, Adjusted EBITDA -$60M to -$70M; expects return to positive contribution margin in Q3."],"urls":{"canonical":"https://secwatch.observer/filing/0001801169-23-000096","json":"https://secwatch.observer/filing/0001801169-23-000096.json","markdown":"https://secwatch.observer/filing/0001801169-23-000096.md","text":"https://secwatch.observer/filing/0001801169-23-000096.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1801169/000180116923000096/0001801169-23-000096-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1801169/000180116923000096/open-20230803.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-12T09:06:41.769722+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":"bca7940233ff1b1efa22ceeca592b380d9cc8b19","claim":"Opendoor Technologies Inc. reported second quarter ended June 30, 2023 results: revenue $2.0 billion, net income $23 million. Guidance initiated.","evidence_excerpt":"cycle more resilient and positioned for market leadership and long-term profitability”, said Carrie Wheeler, CEO of Opendoor. Second Quarter 2023 Key Highlights • Revenue of $2.0 billion, down (53)% versus 2Q22 and down (37)% versus 1Q23; with 5,383 total homes sold, down (49)% versus 2Q22 and down (35)% versus 1Q23 • Gross profit of $149 million; Gross Margin of","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1801169/000180116923000096/0001801169-23-000096-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"second quarter ended June 30, 2023"},{"label":"Revenue","value":"$2.0 billion"},{"label":"Net income","value":"$23 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"}