---
schema_version: "secwatch.filing_event.v1"
accession: "0001801169-25-000016"
form_type: "8-K"
ticker: "OPEN"
cik: "0001801169"
company_name: "Opendoor Technologies Inc."
filed_at: "2025-02-27T23:59:59+00:00"
generated_at: "2026-05-26T02:23:46.540957+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Opendoor FY2024 revenue down 26% to $5.2B, net loss $392M; Q4 contribution profit improves

## Summary
- FY2024 revenue $5.2B (-26% YoY); net loss $392M vs $275M loss in 2023.
- Q4 2024 revenue $1,084M (up 25% YoY); net loss $113M vs $91M loss in Q4 2023.
- Contribution Profit swung to positive $242M in FY2024 from negative $258M; Adjusted EBITDA loss reduced to $142M from $627M.
- Purchased 14,684 homes in FY2024 (+31% YoY); completed separation of Mainstay and initiated workforce reduction in Q4.
- Gross margin improved to 8.4% in FY2024 from 7.0%; management targets sustained profitability.

## SEC filing metadata
- accession: 0001801169-25-000016
- form_type: 8-K
- ticker: OPEN
- cik: 0001801169
- company_name: Opendoor Technologies Inc.
- filed_at: 2025-02-27T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- 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/1801169/000180116925000016/0001801169-25-000016-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1801169/000180116925000016/open-20250227.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001801169-25-000016
- JSON: https://secwatch.observer/filing/0001801169-25-000016.json
- Plain text: https://secwatch.observer/filing/0001801169-25-000016.txt

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