secwatch.observer — SEC 8-K summary
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Issuer:     Opendoor Technologies Inc. (OPEN)
CIK:        0001801169
Form:       8-K
Filed at:   2026-08-04T20:12:17+00:00
Accession:  0001801169-26-000019
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Opendoor Q2 revenue $883M, down 44% YoY; net loss $162M; sees ANI profitability by year-end
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- Revenue $883M, down 44% YoY from $1,567M; gross margin improved to 9.7% from 8.2%.
- Net loss $162M vs $29M loss YoY; Adjusted EBITDA -$4M vs +$23M YoY.
- Homes purchased 4,378, up 149% YoY; marketing spend $5M vs $81M in Q2 2022 for similar volume.
- Contribution margin 5.8%, up 140bps YoY; contribution profit $51M, up 59% QoQ.
- Management expects to be ANI positive on a twelve-month go-forward basis by end of 2026.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1801169/000180116926000019/0001801169-26-000019-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1801169/000180116926000019/open-20260804.htm
  HTML page:      https://secwatch.observer/filing/0001801169-26-000019

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