---
schema_version: "secwatch.filing_event.v1"
accession: "0001801169-25-000090"
form_type: "8-K"
ticker: "OPEN"
cik: "0001801169"
company_name: "Opendoor Technologies Inc."
filed_at: "2025-11-06T23:59:59+00:00"
generated_at: "2026-05-16T23:55:49.694512+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Opendoor Q3 revenue $915M (-33% YoY), net loss $90M; new CEO targets breakeven by end of 2026

## Summary
- Revenue $915M (-33% YoY); gross profit $66M (7.2% margin); net loss $90M vs $78M.
- Homes sold 2,568 (-29% YoY); homes purchased 1,169 (-67%); inventory 3,139 (-50%).
- Adjusted EBITDA -$33M (margin -3.6%) vs -$38M; adjusted net loss -$61M vs -$70M.
- CEO Kaz Nejatian targets breakeven Adjusted Net Income by end of 2026; plans include AI products and cost cuts.
- Acquisition contracts improved from 120 homes in mid-Sep to 230 in late Oct.

## SEC filing metadata
- accession: 0001801169-25-000090
- form_type: 8-K
- ticker: OPEN
- cik: 0001801169
- company_name: Opendoor Technologies Inc.
- filed_at: 2025-11-06T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1801169/000180116925000090/0001801169-25-000090-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1801169/000180116925000090/open-20251106.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001801169-25-000090
- JSON: https://secwatch.observer/filing/0001801169-25-000090.json
- Plain text: https://secwatch.observer/filing/0001801169-25-000090.txt

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