---
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"
generated_at: "2026-06-09T00:48:01.738367+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Opendoor Q3 revenue $980M, down 71% YoY; net loss $106M; guides Q4 revenue $800-850M

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001801169-23-000137
- JSON: https://secwatch.observer/filing/0001801169-23-000137.json
- Plain text: https://secwatch.observer/filing/0001801169-23-000137.txt

## Key facts
- Earnings Releases
  Opendoor Technologies Inc. reported the third quarter ended September 30, 2023 results: revenue $980 million, net income $(106) million.
  - Period: the third quarter ended September 30, 2023
  - Revenue: $980 million
  - Net income: $(106) million
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1801169/000180116923000137/0001801169-23-000137-index.htm

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