Opendoor Technologies Inc Stock Price, News & Analysis

Title Resources Group (NYSE:OPEN) has appointed Janell Downing as Agency Account Manager for Ohio, New Jersey and Pennsylvania. Downing brings over 40 years of title insurance experience to the role, including 25 years with large underwriters and 6 years as an escrow officer and branch manager.

Downing will focus on business development, managing relationships with title insurance agents, and supporting their growth initiatives. She holds the Ohio Land Title Professional designation and previously served on the Ohio Land Title Association Board as Trustee and Secretary from 2019-2023.

Opendoor Technologies (Nasdaq: OPEN) reported Q2 2025 financial results, achieving $1.6 billion in revenue, up 4% year-over-year and 36% quarter-over-quarter. The company sold 4,299 homes and reached its first quarter of Adjusted EBITDA profitability since 2022 at $23 million.

The company posted a net loss of $(29) million, significantly improved from $(92) million in Q2 2024. Gross profit was $128 million with an 8.2% margin. The inventory balance decreased to $1.5 billion, representing 4,538 homes. For Q3 2025, Opendoor projects revenue between $800-875 million and expects Adjusted EBITDA between $(28) million to $(21) million.

[ "First quarter of Adjusted EBITDA profitability since 2022, reaching $23 million", "Revenue increased 4% YoY and 36% QoQ to $1.6 billion", "Net loss improved significantly to $(29) million from $(92) million YoY", "Home sales increased 5% YoY and 46% QoQ to 4,299 units" ]

Opendoor Technologies (Nasdaq: OPEN) has successfully regained compliance with Nasdaq's minimum bid price requirement, maintaining a closing bid price of at least $1.00 for 12 consecutive business days from July 15 to July 30, 2025. This achievement ensures the company's continued listing on the Nasdaq Global Select Market.

Following this development, Opendoor's Board of Directors has cancelled the Special Meeting of Stockholders previously scheduled for August 27, 2025, which was meant to consider proposals for a potential reverse stock split. The Board determined that the reverse split is no longer necessary given the company's restored compliance status.

Opendoor Technologies (NASDAQ: OPEN) announced the adjournment of its Special Meeting of Stockholders from July 28, 2025, to August 27, 2025. The meeting was scheduled to consider two proposals regarding a potential reverse stock split of the company's common stock.

The adjournment comes after Opendoor received a Nasdaq non-compliance notice in May due to its stock trading below $1.00 for 30 consecutive business days. To maintain its listing, the company must achieve a closing price of at least $1.00 for 10 consecutive business days by November 24, 2025. The Board seeks additional time to assess market conditions before proceeding with the Special Meeting.

Title Resources Group (TRG) has appointed Michael Campbell as Vice President, Underwriting Counsel for Michigan. Campbell will provide underwriting support and guidance to TRG's independent and affiliated title agents throughout Michigan and the Midwest region.

Campbell brings over a decade of experience in title insurance and real estate, having previously served as senior underwriter at a multi-state title insurance agency and senior underwriting counsel at Spruce Holdings. He also spent eight years at Amrock (Rocket Close). Campbell is a Michigan licensed attorney and licensed title producer in Michigan, Indiana, and Missouri, holding degrees from Wayne State University Law School and the University of Detroit Mercy.

Opendoor Technologies (NASDAQ: OPEN), an e-commerce platform for residential real estate transactions, has scheduled its Q2 2025 earnings release for August 5, 2025, after market close.

The company will host a conference call and webcast at 2:00 PM PT (5:00 PM ET) to discuss business performance and financial results for the period ending June 30, 2025. Investors can access the live webcast through Opendoor's investor relations website, where an archived version will remain available for one year.

Title Resources Group (NYSE:HOUS), the nation's fifth largest title insurance underwriter, announced significant executive leadership changes effective July 28, 2025. Kevin Wall, a 30-year industry veteran and former Co-President of First American Title Insurance Company, will be appointed as Chief Executive Officer and Board member. Current CEO J. Scott McCall will transition to the role of Vice Chairman of the Board of Directors.

Wall brings extensive leadership experience from First American Title Insurance Company, where he led seven operating units and global operations with over 7,500 employees. His previous roles include senior positions at Fortress Investment Group, Nationstar, CoreLogic, and Wells Fargo Financial. Under McCall's leadership, TRG achieved significant growth to become the fifth largest title insurance underwriter in the nation.

Opendoor Technologies (NASDAQ: OPEN) has filed a preliminary proxy statement seeking shareholder approval for a potential reverse stock split at its Special Meeting on July 28, 2025. The proposed reverse split ratio ranges from 1-for-10 to 1-for-50, with the exact ratio to be determined by the Board. CFO Selim Freiha indicated the move aims to preserve Nasdaq listing and support long-term shareholder value. The Board will consider multiple factors before implementing the split, including market conditions, trading price impact, and Nasdaq listing requirements. Even if approved, the Board maintains discretion on whether and when to execute the reverse split based on the company's best interests.

Opendoor Technologies (NASDAQ: OPEN) has completed a significant debt restructuring through the issuance of $325.0 million in 7.000% Convertible Senior Notes due 2030. The transaction comprises $245.8 million in notes exchanged from existing 2026 Notes and $79.2 million in new notes sold for cash, generating approximately $75.3 million in gross proceeds. The 2030 Notes have an initial conversion rate of 637.1050 shares per $1,000 principal amount, equivalent to a conversion price of $1.57 per share, representing an 80% premium over the stock's last sale price of $0.872. The notes will mature on May 15, 2030, with holders having conversion options and the company maintaining redemption rights under specific conditions after May 22, 2028.