---
schema_version: "secwatch.filing_event.v1"
accession: "0001801169-24-000176"
form_type: "8-K"
ticker: "OPEN"
cik: "0001801169"
company_name: "Opendoor Technologies Inc."
filed_at: "2024-11-07T23:59:59+00:00"
generated_at: "2026-05-30T03:44:04.834008+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Opendoor Q3 revenue $1.4B beats guidance, net loss narrows to $78M

## Summary
- Revenue $1.4B (+41% YoY), gross profit $105M (7.6% margin); beat guidance.
- Net loss $(78)M improves from $(106)M in 3Q23; Adj. EBITDA $(38)M loss.
- Purchased 3,504 homes; inventory $2.1B (6,288 homes); sold 3,615 homes (+35% YoY).
- Annualized cost savings of ~$85M from restructuring actions; streamlines cost structure.

## SEC filing metadata
- accession: 0001801169-24-000176
- form_type: 8-K
- ticker: OPEN
- cik: 0001801169
- company_name: Opendoor Technologies Inc.
- filed_at: 2024-11-07T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1801169/000180116924000176/0001801169-24-000176-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1801169/000180116924000176/open-20241107.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001801169-24-000176
- JSON: https://secwatch.observer/filing/0001801169-24-000176.json
- Plain text: https://secwatch.observer/filing/0001801169-24-000176.txt

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