Highest-materiality recent filing
Opendoor Q1 revenue $720M (-37% YoY); net loss widens to $173M
Revenue $720M vs $1.15B YoY; net loss $173M vs $85M; adjusted EBITDA -$31M.
Opendoor Q4 revenue $736M, GAAP net loss $1.1B; operational metrics strengthen
Revenue $736M (-32% YoY); GAAP net loss $1.1B vs $113M; adj net loss $62M vs $77M.
Opendoor appoints Lucas Matheson as President, Christy Schwartz as CFO; Radhakrishna remains CTO
Lucas Matheson (ex-CEO Coinbase Canada) becomes President Dec 22, 2025; oversees corporate dev, FP&A, blockchain tokenization exploration for homeownership.
Opendoor distributes warrant dividend to shareholders; warrants trade on Nasdaq Nov 24
Distribution ratio: one Series K, A, Z warrant per 30 shares held as of Nov 18 record date.
Opendoor registers 180.6M share offering at $6.56 per share, expected gross ~$1.18B
Entered share purchase agreements on Nov 6, 2025 for 180,580,200 shares at $6.56/share.
Record holders of OPEN stock on Nov 18 receive three series of warrants (K, A, Z) at 1 warrant per 30 shares.
Opendoor Q3 revenue $915M (-33% YoY), net loss $90M; new CEO targets breakeven by end of 2026
Revenue $915M (-33% YoY); gross profit $66M (7.2% margin); net loss $90M vs $78M.
Preliminary approval granted Sept 11, 2025 by U.S. District Court for Arizona for settlement of derivative actions (Gera, Delaware Chancery, Juul, Woods).
Opendoor appoints Christy Schwartz interim CFO, replacing Selim Freiha effective Sept 30, 2025
Selim Freiha departs as CFO effective Sept 19, 2025 by mutual agreement.
Opendoor names Shopify COO Kaz Nejatian CEO; founders Rabois, Wu return; $40M PIPE
Appoints Kaz Nejatian (former Shopify COO) as CEO, effective by Oct 7, 2025.
Carrie Wheeler resigned as CEO and Board member effective Aug 15, 2025; not due to any disagreement with the Company.
Revenue $1.6B (+4% YoY); net loss $(29)M vs $(92)M YoY improvement.
Opendoor receives Nasdaq deficiency notice for bid price below $1.00
Closing bid price of OPEN common stock below $1.00 for 30 consecutive business days.
Opendoor closes $325M convertible notes exchange, extending maturities and adding cash
Issued $325M aggregate principal of 7.000% Convertible Senior Notes due 2030.
$325M aggregate principal of 7.000% Convertible Senior Notes due 2030 issued; $245.8M exchanged for existing 0.25% notes due 2026, $79.2M for cash.
Opendoor Q1 2025: Revenue $1.2B, net loss narrows to $85M, adjusted EBITDA -$30M
Revenue $1,153M, down 2% YoY; sold 2,946 homes, down 4% YoY.
Opendoor FY2024 revenue down 26% to $5.2B, net loss $392M; Q4 contribution profit improves
FY2024 revenue $5.2B (-26% YoY); net loss $392M vs $275M loss in 2023.
Opendoor Q3 revenue $1.4B beats guidance, net loss narrows to $78M
Revenue $1.4B (+41% YoY), gross profit $105M (7.6% margin); beat guidance.
Opendoor appoints Selim Freiha as CFO and Shrisha Radhakrishna as CTO & CPO
Selim Freiha appointed CFO effective Nov 4, 2024; previously VP Finance at Alphabet Inc.
Opendoor Q2 revenue $1.5B (-24% YoY), net loss $(92)M; narrows adjusted EBITDA to $(5)M
Revenue $1.5B, down 24% YoY; net loss $(92)M vs income $23M in Q2 2023.
Opendoor Q1 revenue $1.2B (-62% YoY) beats guidance; Contribution Margin 4.8%
Net loss $(109)M vs $(101)M YoY; Adjusted EBITDA $(50)M beats guidance, improves from $(341)M YoY.
Opendoor Q4 revenue $870M beats guidance; net loss narrows to $91M
Q4 revenue $870M, above guidance $800-850M; FY23 revenue $6.9B (-55% YoY).
Opendoor President and Board member Eric Wu to resign effective Jan 1, 2024
Eric Wu notified Board of intent to resign as President, Marketplace and director, effective January 1, 2024.
Opendoor repurchases $129M of convertible notes at ~30% discount
Repurchased ~$129M principal of 0.25% Convertible Senior Notes due 2026 at ~30% discount to par.
Opendoor Q3 revenue $980M, down 71% YoY; net loss $106M; guides Q4 revenue $800-850M
Revenue $980M, homes sold 2,687 (down 68% YoY); purchased 3,136 homes (up 17% QoQ).
Opendoor Q2 revenue $2.0B (-53% YoY); guides Q3 rev $950M-$1.0B, adj EBITDA -$60M to -$70M
Revenue $2.0B, down 53% YoY; GAAP net income $23M vs loss of $54M YoY; adjusted net loss $197M.
Opendoor repurchases $279M of 0.25% convertible notes at ~39.5% discount
Repurchased ~$279M aggregate principal of 0.25% Convertible Senior Notes due 2026 at ~39.5% discount to par plus accrued interest.
Opendoor Q1 revenue $3.1B (-39% YoY); net loss $101M; guides Q2 revenue $1.75-1.85B
Revenue $3.1B, down 39% YoY; gross margin 5.4% vs 10.4% in 1Q22.
Opendoor repurchases $186M of 0.25% convertible notes due 2026 at ~46.5% discount
Repurchase of $186M aggregate principal amount at ~46.5% discount to par, including accrued interest.
Opendoor reveals <1% cash at SVB; 98% held in big four banks
Less than 1% of total cash, equivalents, and restricted cash was held at Silicon Valley Bank.
Q4 2022 revenue $2.9B, down 25% YoY; homes sold 7,512, down 23% YoY.
Opendoor CEO Eric Wu transitions to President, Marketplace; CFO Carrie Wheeler becomes CEO
Carrie Wheeler appointed CEO and to Board, effective Dec 1; previously CFO since Dec 2020.
Opendoor Q3 2022: Revenue $3.4B, Net Loss $928M; Guides Q4 Adj EBITDA -$355M to -$335M
Revenue $3.4B (+48% YoY); homes sold 8,520 (+42% YoY).
Opendoor announces multi-year partnership with Zillow; issues warrant for up to 6M shares
Partnership allows Zillow home sellers to request an Opendoor offer; initial five-year term.
Opendoor Q2 revenue $4.2B (+254% YoY), record gross profit; guides Q3 Adj EBITDA loss of $125-175M
Revenue $4.2B, up 254% YoY; net loss $(54)M vs $(144)M; adjusted EBITDA $218M vs $25M.
Opendoor settles FTC allegations for $62M; records $41M additional accrual
Settlement with FTC for $62 million; payment expected in H2 2022.
Christy Schwartz, the Company’s interim Chief Financial Officer who will resign from such position on November 4, 2024, but will continue as the Company’s Chief Accounting Officer
On October 1, 2024 Opendoor Technologies Inc. (the “Company”) announced the appointment of Selim F. Freiha as the Chief Financial Officer of the Company effective as of November 4, 2024
On September 11, 2024, the Board of Directors (the “Board”) of Opendoor Technologies Inc. (the “Company”) approved the appointment of David Benson to the Board, effective immediately.
On April 30, 2024, the Board approved the appointment of Eric Feder to the Board, effective as of May 1, 2024.
On April 30, 2024, Jason Kilar provided a written notice to Opendoor Technologies Inc. (the “Company”) of his intent to resign from the Board of Directors (the “Board”), and all committees thereof, as applicable, effective at the conclusion of the Company’s annual meeting of stockholders on June 14, 2024.
On December 14, 2023, Eric Wu notified the Board of Directors (the “Board”) of Opendoor Technologies Inc. (the “Company”) of his intent to resign as the Company’s President, Marketplace and from the Board, effective January 1, 2024.
On November 1, 2023, the Board approved the appointment of Dana Hamilton, effective immediately.
On October 31, 2023, Jonathan Jaffe provided a written notice to Opendoor Technologies Inc. (the “Company”) of his intent to resign from the Board of Directors (the “Board”), effective December 31, 2023.
On February 21, 2023, Opendoor Technologies Inc. (the “Company”) accepted Daniel Morillo’s resignation from his position as the Chief Investment Officer of the Company effective immediately.
On December 1, 2022, Opendoor Technologies Inc. (the “Company”) appointed Carrie Wheeler as the Chief Executive Officer of the Company effective as of December 1, 2022
Ms. Wheeler was also appointed to the Board of Directors of the Company (the “Board”), effective December 1, 2022
replacing Eric Wu who resigned from his position as the Chief Executive Officer to be appointed as the Company's President, Marketplace effective as of December 1, 2022
Max materiality 0.85 · Median 0.70 · Most common event earnings