---
schema_version: "secwatch.filing_event.v1"
accession: "0001801169-26-000013"
form_type: "8-K"
ticker: "OPEN"
cik: "0001801169"
company_name: "Opendoor Technologies Inc."
filed_at: "2026-05-07T23:59:59+00:00"
generated_at: "2026-05-14T21:57:49.466881+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001801169-26-000013
- form_type: 8-K
- ticker: OPEN
- cik: 0001801169
- company_name: Opendoor Technologies Inc.
- filed_at: 2026-05-07T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1801169/000180116926000013/0001801169-26-000013-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1801169/000180116926000013/open-20260507.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001801169-26-000013
- JSON: https://secwatch.observer/filing/0001801169-26-000013.json
- Plain text: https://secwatch.observer/filing/0001801169-26-000013.txt

## Source-grounded claims
- claim_id: 0ab110dfc6e34294677dcb5f05fcb91d02cf4d9b
  claim: Opendoor Technologies Inc. reported first quarter ended March 31, 2026 results: revenue $ 720, net income $ (173).
  evidence_excerpt: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1801169/000180116926000013/0001801169-26-000013-index.htm

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