{"schema_version":"secwatch.filing_event.v1","accession":"0001801169-23-000137","form_type":"8-K","ticker":"OPEN","cik":"0001801169","company_name":"Opendoor Technologies Inc.","filed_at":"2023-11-02T23:59:59+00:00","discovered_at":"2026-05-14T18:03:30.518571+00:00","generated_at":"2026-06-09T00:48:01.738367+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Opendoor Q3 revenue $980M, down 71% YoY; net loss $106M; guides Q4 revenue $800-850M","bullets":["Revenue $980M, homes sold 2,687 (down 68% YoY); purchased 3,136 homes (up 17% QoQ).","Gross profit $96M (9.8% margin) vs $(425)M (-12.6%) in 3Q22; net loss $106M.","Contribution profit $43M (4.4% margin) vs $(22)M; adjusted EBITDA -$49M, ahead of guidance.","Q4 2023 guidance: revenue $800-850M, contribution profit $15-25M, adjusted EBITDA -$105 to -$95M.","Inventory $1.3B (4,007 homes), down 78% YoY; total capital $1.5B."],"urls":{"canonical":"https://secwatch.observer/filing/0001801169-23-000137","json":"https://secwatch.observer/filing/0001801169-23-000137.json","markdown":"https://secwatch.observer/filing/0001801169-23-000137.md","text":"https://secwatch.observer/filing/0001801169-23-000137.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1801169/000180116923000137/0001801169-23-000137-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1801169/000180116923000137/open-20231102.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-09T00:48:01.738367+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":"f63d240580cdbadba7103e29e733c721a1884a8a","claim":"Opendoor Technologies Inc. reported the third quarter ended September 30, 2023 results: revenue $980 million, net income $(106) million.","evidence_excerpt":"we have a significant opportunity ahead of us and remain steadfast in our mission to power life’s progress, one move at a time.” Third Quarter 2023 Key Highlights • Revenue of $980 million, down (71)% versus 3Q22 and down (50)% versus 2Q23; with 2,687 total homes sold, down (68)% versus 3Q22 and down (50)% versus 2Q23 • Gross profit (loss) of $96 million, versus","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1801169/000180116923000137/0001801169-23-000137-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the third quarter ended September 30, 2023"},{"label":"Revenue","value":"$980 million"},{"label":"Net income","value":"$(106) 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"}