Opendoor Technologies Inc Stock Price, News & Analysis

Opendoor Technologies (Nasdaq: OPEN), a leading e-commerce platform for residential real estate transactions, has scheduled its first quarter 2025 financial results announcement for Tuesday, May 6, 2025, after market close.

The company will host a conference call and webcast at 2:00 p.m. PT (5:00 p.m. ET) to discuss business and financial results for the period ended March 31, 2025. Investors can access the live webcast through Opendoor's investor relations website, where an archived version will remain available for one year following the live call.

Opendoor Technologies (OPEN) reported its Q4 and full-year 2024 financial results, showing mixed performance amid housing market challenges. Full-year 2024 revenue declined 26% to $5.2 billion, with 13,593 homes sold (down 27% YoY). The company posted a net loss of $(392) million, compared to $(275) million in 2023.

Fourth quarter 2024 showed some improvements with revenue of $1.1 billion, up 25% YoY, though down 21% QoQ. The company sold 2,822 homes in Q4, representing a 19% YoY increase. Gross profit was $85 million with a 7.8% margin.

For Q1 2025, Opendoor guides revenue between $1.0-1.075 billion, with Contribution Profit of $40-50 million and Adjusted EBITDA of $(50)-(40) million.

Opendoor Technologies (Nasdaq: OPEN) has announced it will release its fourth quarter and full year 2024 financial results on Thursday, February 27, 2025, after market close. The company will host a conference call and webcast at 2:00 p.m. PT (5:00 p.m. ET) on the same day to discuss business and financial results for the period ended December 31, 2024.

The earnings conference call will be accessible via live webcast from the Events and Presentations page of Opendoor's investor relations website. An archived version of the webcast will remain available on the company's investor relations website for one year following the live call.

Opendoor Technologies Inc. (Nasdaq: OPEN) announced its third quarter 2024 financial results. Key highlights include:

Revenue: $1.4 billion, up 41% YoY, down 9% QoQ.

Homes Sold: 3,615, up 35% YoY, down 11% QoQ.

Gross Profit: $105 million, up from $96 million in 3Q23.

Net Loss: $(78) million, improved from $(106) million in 3Q23.

Inventory: $2.1 billion, 6,288 homes, up 64% YoY.

Adjusted EBITDA: $(38) million, better than $(49) million in 3Q23.

CEO Carrie Wheeler highlighted the company's focus on efficiency and cost-saving measures, expecting $85 million in annual savings entering 2025. Despite high mortgage rates and a challenging housing market, Opendoor exceeded its guidance in acquisition volumes, revenue, Contribution Profit, and Adjusted EBITDA. For 4Q24, Opendoor forecasts revenue between $925 million and $975 million, Contribution Profit of $15 million to $25 million, and Adjusted EBITDA between $(70) million and $(60) million.

Opendoor Technologies (Nasdaq: OPEN), a leading e-commerce platform for residential real estate transactions, has announced it will release its third quarter 2024 financial results on November 7, 2024, after market close. The company will host a conference call and webcast at 2:00 p.m. PT (5:00 p.m. ET) on the same day to discuss its business and financial results.

Investors and interested parties can access the live webcast of the earnings call from the Events and Presentations page of Opendoor's investor relations website at https://investor.opendoor.com. An archived version of the webcast will be available on the same website for one year following the live call.

Opendoor Technologies Inc. (Nasdaq: OPEN), a leading e-commerce platform for residential real estate transactions, has announced two key executive appointments. Selim Freiha has been named Chief Financial Officer, bringing experience from Alphabet Inc. and eBay. Shrisha Radhakrishna has been appointed as Chief Technology & Product Officer, with a background at LegalZoom and Intuit.

CEO Carrie Wheeler expressed confidence that these additions to the executive team will be instrumental in shaping the future of real estate. She highlighted Radhakrishna's track record in building transformative digital solutions, aligning with Opendoor's commitment to creating seamless customer experiences. Wheeler also noted Freiha's wealth of knowledge from leading tech and e-commerce platforms, positioning him to drive the company's next growth phase and financial performance.

Opendoor Technologies Inc. (Nasdaq: OPEN) has announced the appointment of David Benson, former President of Fannie Mae, to its Board of Directors, effective immediately. Benson, who will also serve on the Board's Audit Committee, brings three decades of leadership in single-family residential real estate, along with expertise in capital markets and regulatory landscapes.

Benson most recently served as President of Fannie Mae, overseeing business units and corporate functions. During his tenure, he played a important role in modernizing the company's business model and leading it to record profitability levels. He also pioneered the formation of Common Securitization Solutions, enhancing liquidity and standardization in the mortgage-backed securities market.