{"schema_version":"secwatch.filing_event.v1","accession":"0001801169-24-000015","form_type":"8-K","ticker":"OPEN","cik":"0001801169","company_name":"Opendoor Technologies Inc.","filed_at":"2024-02-15T23:59:59+00:00","discovered_at":"2026-05-14T18:03:25.579421+00:00","generated_at":"2026-06-06T01:25:44.113771+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Opendoor Q4 revenue $870M beats guidance; net loss narrows to $91M","bullets":["Q4 revenue $870M, above guidance $800-850M; FY23 revenue $6.9B (-55% YoY).","Q4 gross margin 8.3%; Contribution Profit $30M (3.4% margin) vs guided 1.9-2.9%.","Q4 net loss $(91)M vs $(399)M in Q4 2022; Adj. EBITDA loss $(69)M beat guidance $(105)-(95)M.","Purchased 3,683 homes (+17% QoQ); sold 2,364; inventory $1.775B.","New book 2023 Contribution Margin 8.3% exceeded 5-7% target; OpEx down ~30% YoY."],"urls":{"canonical":"https://secwatch.observer/filing/0001801169-24-000015","json":"https://secwatch.observer/filing/0001801169-24-000015.json","markdown":"https://secwatch.observer/filing/0001801169-24-000015.md","text":"https://secwatch.observer/filing/0001801169-24-000015.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1801169/000180116924000015/0001801169-24-000015-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1801169/000180116924000015/open-20240215.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T01:25:44.113771+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":"2b855e0a350ced2f385ad2770e8be6f4c4582e93","claim":"Opendoor Technologies Inc. reported fourth quarter ended December 31, 2023 results: revenue $870 million, net income $(91) million.","evidence_excerpt":"The progress we made in 2023 can be seen in our fourth quarter results, where we outperformed guidance on all metrics: ● Purchased 3,683 homes, an increase of 17% quarter-over-quarter and above our prior expectations of approximately 1,000 homes per month. ● Sold 2,364 homes and generated $870 million of revenue, a decrease of 11% quarter-over-quarter and above our guidance range of $800 million to $850 million. ● Delivered Gross Profit of $72 million, representing an 8.3% Gross Margin. Contribution Profit was $30 million, representing a 3.4% Contribution Margin, ahead of our implied Contribution Margin guidance range of 1.9% to 2.9%. ● Recognized Net Loss of $(91) million and Adjusted Net Loss of $(97) million. Adjusted EBITDA Loss was $(69) million, ahead of our guidance range of $(105) million to $(95) million, driven by Contribution Margin outperformance and ongoing cost discipline.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1801169/000180116924000015/0001801169-24-000015-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fourth quarter ended December 31, 2023"},{"label":"Revenue","value":"$870 million"},{"label":"Net income","value":"$(91) million"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"b87a540173fca7f74bb58def49d295635fa444d9","claim":"Opendoor Technologies Inc. reported year ended December 31, 2023 results: revenue $6.9 billion, net income $(275) million.","evidence_excerpt":"Full Year 2023 Key Highlights • Revenue of $6.9 billion, down (55)% versus 2022; with 18,708 total homes sold, down (52)% versus 2022 • Gross profit of $487 million, versus $667 million in 2022; Gross Margin of 7.0% versus 4.3% in 2022 • Net loss of $(275) million, versus $(1.4) billion in 2022","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1801169/000180116924000015/0001801169-24-000015-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"year ended December 31, 2023"},{"label":"Revenue","value":"$6.9 billion"},{"label":"Net income","value":"$(275) 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"}