secwatch.observer — SEC 8-K summary
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Issuer:     Opendoor Technologies Inc. (OPEN)
CIK:        0001801169
Form:       8-K
Filed at:   2026-05-07T23:59:59+00:00
Accession:  0001801169-26-000013
Event type: earnings
Sentiment:  neutral
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1801169/000180116926000013/0001801169-26-000013-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1801169/000180116926000013/open-20260507.htm
  HTML page:      https://secwatch.observer/filing/0001801169-26-000013

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