---
schema_version: "secwatch.filing_event.v1"
accession: "0001801169-25-000037"
form_type: "8-K"
ticker: "OPEN"
cik: "0001801169"
company_name: "Opendoor Technologies Inc."
filed_at: "2025-05-06T23:59:59+00:00"
generated_at: "2026-05-22T13:24:36.823274+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Opendoor Q1 2025: Revenue $1.2B, net loss narrows to $85M, adjusted EBITDA -$30M

## Summary
- Revenue $1,153M, down 2% YoY; sold 2,946 homes, down 4% YoY.
- Net loss $(85)M vs $(109)M in 1Q24; Adjusted Net Loss $(63)M.
- Adjusted EBITDA loss $(30)M, improving from $(50)M in 1Q24.
- Gross profit $99M (8.6% margin); Contribution Profit $54M (4.7%).
- Purchased 3,609 homes (+4% YoY); inventory 7,080 homes (+26% YoY).

## SEC filing metadata
- accession: 0001801169-25-000037
- form_type: 8-K
- ticker: OPEN
- cik: 0001801169
- company_name: Opendoor Technologies Inc.
- filed_at: 2025-05-06T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1801169/000180116925000037/0001801169-25-000037-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1801169/000180116925000037/open-20250506.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001801169-25-000037
- JSON: https://secwatch.observer/filing/0001801169-25-000037.json
- Plain text: https://secwatch.observer/filing/0001801169-25-000037.txt

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