---
schema_version: "secwatch.filing_event.v1"
accession: "0001801169-24-000138"
form_type: "8-K"
ticker: "OPEN"
cik: "0001801169"
company_name: "Opendoor Technologies Inc."
filed_at: "2024-08-01T23:59:59+00:00"
generated_at: "2026-05-31T13:56:03.414743+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Opendoor Q2 revenue $1.5B (-24% YoY), net loss $(92)M; narrows adjusted EBITDA to $(5)M

## Summary
- Revenue $1.5B, down 24% YoY; net loss $(92)M vs income $23M in Q2 2023.
- Home purchases up 78% YoY to 4,771; inventory $2.2B (6,399 homes, +94% YoY).
- Contribution profit $95M (margin 6.3%) vs $(90)M loss a year ago; adjusted net loss $(31)M.
- CEO cites housing market slowing in late Q2; balancing growth, margin, and risk.
- Expect to reduce adjusted net losses in FY 2024 compared to 2023.

## SEC filing metadata
- accession: 0001801169-24-000138
- form_type: 8-K
- ticker: OPEN
- cik: 0001801169
- company_name: Opendoor Technologies Inc.
- filed_at: 2024-08-01T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1801169/000180116924000138/0001801169-24-000138-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1801169/000180116924000138/open-20240801.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001801169-24-000138
- JSON: https://secwatch.observer/filing/0001801169-24-000138.json
- Plain text: https://secwatch.observer/filing/0001801169-24-000138.txt

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