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Contribution Profit
Measures the profit Opendoor makes from its core operations after variable costs, indicating the company's ability to generate profit from each home transaction and its effectiveness in managing direct costs.Contribution profit surged into early‑2022, collapsed in late‑2022/early‑2023 as inventory losses hit, then staged a recovery through 2023–mid‑2024 before rolling over across 2025 to near‑breakeven by year‑end. Management’s call confirms the pattern: legacy inventory and clearing older, lower‑quality homes are the immediate drag, while AI, product expansion and an outperforming October 2025 cohort are starting to improve unit economics. The key watch: can management scale acquisitions toward its 6,000‑home target without reintroducing inventory margin pressure before planned adjusted‑net profitability by end‑2026.
Date | Contribution Profit |
|---|---|
Jun 30, 2026 | $51.00M |
Mar 31, 2026 | $32.00M |
Dec 31, 2025 | $7.00M |
Sep 30, 2025 | $20.00M |
Jun 30, 2025 | $69.00M |
Mar 31, 2025 | $54.00M |
Dec 31, 2024 | $38.00M |
Sep 30, 2024 | $52.00M |
Jun 30, 2024 | $95.00M |
Mar 31, 2024 | $57.00M |