secwatch.observer — SEC 8-K summary
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Issuer:     Opendoor Technologies Inc. (OPEN)
CIK:        0001801169
Form:       8-K
Filed at:   2026-02-19T23:59:59+00:00
Accession:  0001801169-26-000009
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Opendoor Q4 revenue $736M, GAAP net loss $1.1B; operational metrics strengthen
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- Revenue $736M (-32% YoY); GAAP net loss $1.1B vs $113M; adj net loss $62M vs $77M.
- Homes purchased increased 46% QoQ to 1,706; inventory down to 2,867 homes from 6,417 a year ago.
- October 2025 cohort tracking as best-performing October ever; over 50% homes sold or under contract.
- Fixed operating expenses $35M, down $2M QoQ and $8M YoY; trailing ops expense as % of revenue steady at 1.3%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1801169/000180116926000009/0001801169-26-000009-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1801169/000180116926000009/open-20260219.htm
  HTML page:      https://secwatch.observer/filing/0001801169-26-000009

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