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Opendoor Technologies (OPEN)
NASDAQ:OPEN
Earnings Data
Report Date
Jul 31, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
-0.06Last Year’s EPS
-0.13Same Quarter Last Year
Based on 9 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:May 06, 2025
|% Change Since: 0.00%
|Next Earnings Date:Jul 31, 2025
Earnings Call Sentiment|Neutral
Opendoor's earnings call reflects a challenging macroeconomic environment with high mortgage rates impacting buyer demand. Despite these challenges, the company has made significant strides in cost efficiency and is expanding its agent partnerships, which could drive future asset-light revenue. The outlook for Q2 is positive, with expectations of returning to positive EBITDA. However, the company remains cautious due to ongoing market uncertainties, resulting in a balanced sentiment.Company Guidance
During the Opendoor Technologies First Quarter 2025 earnings call, the company provided guidance on several key financial metrics and strategic initiatives. Opendoor reported $1.2 billion in revenue, with 2,946 homes sold and 3,609 homes acquired, marking a 4% increase in acquisitions year-over-year. The company achieved a contribution profit of $54 million, reflecting a contribution margin of 4.7%, and reduced its adjusted EBITDA loss to $30 million, down from $50 million in Q1 2024. Opendoor ended the quarter with $559 million in unrestricted cash and $2.4 billion in net inventory. For Q2 2025, Opendoor expects revenue between $1.45 and $1.525 billion, a contribution profit between $65 and $75 million, and adjusted EBITDA between $10 and $20 million, indicating a return to positive adjusted EBITDA quarterly for the first time in three years. The company also highlighted its strategic shift towards enhancing agent partnerships to drive conversion and asset-light revenue, with a focus on cost efficiencies and maintaining pricing discipline amid a challenging housing market environment.Revenue and Home Acquisitions
Opendoor delivered $1.2 billion of revenue in Q1 2025, roughly in line with Q1 2024, and acquired 3,609 homes, up 4% from the same quarter last year.
Cost Efficiency Improvements
Fixed operating expenses in Q1 were $19 million lower, or down 33% versus a year ago, contributing to an adjusted EBITDA loss reduction from $50 million in Q1 2024 to $30 million in Q1 2025.
Expansion of Agent Partnerships
Opendoor is piloting an agent partnership program in 11 markets, encouraging early indicators of improved conversion and asset-light revenue opportunities.
Positive Outlook for Q2 2025
Revenue is expected to be between $1.45 and $1.525 billion, with a return to positive quarterly adjusted EBITDA for the first time in three years.
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OPEN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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OPEN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| May 06, 2025 | $0.70 | ― | ― |
| Feb 27, 2025 | $1.43 | $1.34 | -6.29% |
| Nov 07, 2024 | $1.87 | $1.85 | -1.07% |
| Aug 01, 2024 | $2.13 | $1.86 | -12.68% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Opendoor Technologies (OPEN) report earnings?
Opendoor Technologies (OPEN) is schdueled to report earning on Jul 31, 2025, TBA Not Confirmed.
What is Opendoor Technologies (OPEN) earnings time?
Opendoor Technologies (OPEN) earnings time is at Jul 31, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is OPEN EPS forecast?
OPEN EPS forecast for the fiscal quarter 2025 (Q2) is -0.06.
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