secwatch.observer — SEC 8-K summary
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Issuer:     Opendoor Technologies Inc. (OPEN)
CIK:        0001801169
Form:       8-K
Filed at:   2025-05-06T23:59:59+00:00
Accession:  0001801169-25-000037
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1801169/000180116925000037/0001801169-25-000037-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1801169/000180116925000037/open-20250506.htm
  HTML page:      https://secwatch.observer/filing/0001801169-25-000037

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer