{"schema_version":"secwatch.filing_event.v1","accession":"0001801169-24-000084","form_type":"8-K","ticker":"OPEN","cik":"0001801169","company_name":"Opendoor Technologies Inc.","filed_at":"2024-05-02T23:59:59+00:00","discovered_at":"2026-05-14T18:03:20.181087+00:00","generated_at":"2026-06-03T00:47:47.071112+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Opendoor Q1 revenue $1.2B (-62% YoY) beats guidance; Contribution Margin 4.8%","bullets":["Net loss $(109)M vs $(101)M YoY; Adjusted EBITDA $(50)M beats guidance, improves from $(341)M YoY.","Gross profit $114M (9.7% margin) vs $170M (5.4%) YoY; QoQ improvement from $72M (8.3%).","Homes sold 3,078 (-63% YoY, +30% QoQ); purchased 3,458 (+98% YoY); homes under contract 2,611 (+130% YoY).","Inventory $1.9B (5,706 homes); CEO says doubled market share YoY; ramping acquisitions in 2024.","Guidance: on track to rescale business with Contribution Margin within target annual range."],"urls":{"canonical":"https://secwatch.observer/filing/0001801169-24-000084","json":"https://secwatch.observer/filing/0001801169-24-000084.json","markdown":"https://secwatch.observer/filing/0001801169-24-000084.md","text":"https://secwatch.observer/filing/0001801169-24-000084.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1801169/000180116924000084/0001801169-24-000084-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1801169/000180116924000084/open-20240502.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T00:47:47.071112+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":"601e335980ae28a6263be31b18c957fe8afc1f83","claim":"Opendoor Technologies Inc. reported the first quarter ended March 31, 2024 results: revenue $1.2 billion, net income $(109) million.","evidence_excerpt":"the future of real estate, empowering consumers to sell and buy with ease through a simple, certain, and transparent offering.” First Quarter 2024 Key Highlights • Revenue of $1.2 billion, down (62)% versus 1Q23 and up 36% versus 4Q23; with 3,078 total homes sold, down (63)% versus 1Q23 and up 30% versus 4Q23 • Gross profit of $114 million, versus $170 million in","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1801169/000180116924000084/0001801169-24-000084-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the first quarter ended March 31, 2024"},{"label":"Revenue","value":"$1.2 billion"},{"label":"Net income","value":"$(109) 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"}