Opendoor Q1 revenue $720M (-37% YoY); net loss widens to $173M

Opendoor Technologies Inc.

2026-Q1 EPS reported -$0.18 revenue$720,000,000

Revenue $720M vs $1.15B YoY; net loss $173M vs $85M; adjusted EBITDA -$31M.
Contribution margin improved monthly since Sep, with Mar 2026 highest since Q2 2024.
Acquisition contracts tripled QoQ to over 5,000, highest since 2022; homes purchased 2,474.
Aged inventory (>120 days) cut from 33% to 10% QoQ; cohorts selling faster than since COVID.
Fixed operating expenses $33M, down from $35M QoQ; co says adjusted EBITDA profitable on a 12-month forward basis as of Apr 1.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Opendoor Technologies Inc. reported first quarter ended March 31, 2026 results: revenue $ 720, net income $ (173).

Period: first quarter ended March 31, 2026
Revenue: $ 720
Net income: $ (173)
Result: reported results

Exact text from the filing

and June 30, 2025. First Quarter 2026 Key Highlights Three Months Ended (In millions, except percentages and non-dollar amounts) March 31, 2026 March 31, 2025 Change Revenue $ 720 $ 1,153 $ (433) Gross profit $ 72 $ 99 $ (27) Gross Margin 10.0 % 8.6 % Net loss $ (173) $ (85) $ (88) Homes sold 1,921 2,946 (1,025) Homes purchased 2,474 3,609 (1,135) Homes in

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3 earnings releases filed in the last 30 days. Browse all earnings releases →

Opendoor Technologies Inc. filing history →

Source: SEC EDGAR

accession 0001801169-26-000013

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