Every 8-K that Opendoor Technologies Inc (OPEN) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow OPEN and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full OPEN filings page.
Opendoor Technologies Inc. (OPEN) issued $650.0 million aggregate principal amount of 0.00% Convertible Senior Notes due 2030 in privately negotiated transactions. The notes are senior unsecured, bear no regular interest, and mature on August 15, 2030, unless earlier converted, redeemed, or repurchased.
The initial conversion rate is 212.2466 shares per $1,000, implying a conversion price of about $4.71 per share, a 35% premium to the $3.49 share price on August 12, 2026. Based on this rate, 137,960,290 shares would be issued upon conversion, with a maximum of 186,246,385 shares if the conversion rate is increased after specified events.
The company may redeem the notes for cash on or after February 22, 2029 if stock price and liquidity conditions are met, and must repurchase them at par plus applicable interest upon certain “Fundamental Change” events. Opendoor also entered into capped call transactions with a cap price of $6.98 per share, costing about $52.5 million, to reduce potential dilution or excess cash payments. Separately, on August 17, 2026, it repurchased about $158 million of its common stock, while the placement agent bought about $25 million of shares from transaction participants.
Opendoor Technologies entered into subscription agreements to issue $650 million of 0.00% Convertible Senior Notes due 2030 in a private placement. The notes are senior unsecured, bear no cash interest, and mature on August 15, 2030, with holder conversion rights beginning broadly after February 15, 2030.
The initial conversion rate is 212.2466 shares per $1,000 (conversion price about $4.71 per share), a 35% premium to the $3.49 share price on August 12, 2026, implying up to 137,960,290 shares if fully converted. Opendoor plans to use $158 million of proceeds to repurchase about 45.3 million shares (around 5% of shares outstanding) at $3.49 and about $52.5 million for capped call transactions with a $6.98 cap to limit dilution, leaving roughly $440 million of net growth capital before expenses.
Opendoor Technologies reported Q2 2026 results with revenue of $883 million, 23% higher quarter-over-quarter and down from $1,567 million in Q2 2025. Gross profit was $86 million with a 9.7% margin. Contribution Profit was $51 million and Contribution Margin 5.8%, up 140 basis points quarter-over-quarter and year-over-year. GAAP net loss was $162 million; Adjusted Net Loss $30 million; and Adjusted EBITDA $(4) million.
The company purchased 4,378 homes (up 77% quarter-over-quarter and 149% year-over-year) and sold 2,339, ending the quarter with 5,459 homes in inventory valued at $1.845 billion; 9% of homes were on the market more than 120 days versus 36% a year earlier. Operations expense per acquisition close fell to $3.0 thousand from $5.0 thousand in Q1 2026. First-half 2026 operating cash flow was $(964) million as real estate inventory increased by $932 million; cash and cash equivalents were $896 million and restricted cash $66 million, alongside non-recourse asset-backed debt of $691 million current and $1,071 million non-current.
Management targets Adjusted Net Income positive on a twelve-month go-forward basis by the end of 2026 and expects Q3 2026 revenue to grow at least 20% year-over-year, with Contribution Profit dollars more than doubling and Contribution Margin around 4%–4.5%.
Opendoor Technologies Inc. reported the results of its 2026 Annual Meeting of Stockholders held on June 11, 2026. A total of 631,414,882 shares were represented, about 65.45% of outstanding common stock as of the April 16, 2026 record date, establishing a quorum.
Stockholders elected David Benson, Eric Feder, and Eric Wu as Class III directors for three-year terms ending at the 2029 annual meeting. Deloitte & Touche LLP was ratified as independent registered public accounting firm for the year ending December 31, 2026. Stockholders also approved, on an advisory basis, the compensation of the company’s named executive officers.
Opendoor Technologies Inc. reported first-quarter 2026 revenue of $720 million, down from $1.153 billion a year earlier, but with stronger profitability on each home sold. Gross profit was $72 million, and gross margin improved to 10.0% from 8.6%.
The company recorded a net loss of $173 million, wider than the $85 million loss a year ago, while Adjusted Net Loss narrowed to $49 million. Contribution Margin, which focuses on unit-level economics, was 4.4%, in line with the best quarters of the past year, and Adjusted EBITDA was a loss of $31 million.
Management highlighted improved resale margins, faster inventory turnover, and a sharp reduction in aged inventory, which fell to 10% of homes on the market for more than 120 days, compared with 51% in the third quarter of 2025. Homes purchased rose to 2,474, a 45% increase from the prior quarter. The company expects second-quarter 2026 revenue to grow about 25% sequentially, Contribution Margin to be in the middle of its 5–7% target range, and to reach Adjusted EBITDA breakeven for the quarter while driving toward adjusted net income positive on a 12‑month basis by the end of 2026.
Opendoor Technologies reported fourth-quarter 2025 revenue of $736 million, down from $1.084 billion a year earlier, as it continued to reset its home-flipping business. The company posted a Q4 net loss of $1.096 billion, largely driven by a $933 million loss on extinguishment of debt.
For full year 2025, revenue was $4.371 billion versus $5.153 billion in 2024, with a net loss of $1.3 billion. Operationally, homes purchased rose 46% quarter over quarter and the share of homes on the market more than 120 days fell from 51% to 33%, indicating faster inventory turns. Fixed operating expenses declined to $35 million from $43 million in the prior year’s quarter.
Non-GAAP metrics showed Q4 Contribution Margin of 1.0% and Adjusted EBITDA of $(43) million. Management is targeting Adjusted Net Income breakeven by the end of 2026 and expects Q1 2026 revenue to decline about 10% sequentially with a Q1 Adjusted EBITDA loss in the low to mid $30 millions.
Opendoor Technologies Inc. filed a current report to update how it shares important company information with the public. The company notes that it uses its website, press releases, SEC filings, blogs, community hub and social media accounts, along with X (formerly Twitter) accounts for @Opendoor and its Chief Executive Officer, Kaz Nejatian, to disclose material non-public information and comply with Regulation FD.
The filing explains that Mr. Nejatian’s previous X handle is no longer active. Opendoor now intends to use his new X handle, @Nejatian, as one of the channels where it may share material information. The company encourages investors and other interested parties to review information shared through these channels, and notes that the list of channels may be updated over time.
Opendoor Technologies Inc. is reshaping its leadership team by appointing Lucas Matheson as President, expected to start December 22, 2025, while Shrisha Radhakrishna steps down from the President role and continues as Chief Technology and Product Officer.
Matheson, formerly CEO of Coinbase Canada and a senior leader at Shopify, will receive a base salary of $500,000, a $200,000 sign-on bonus subject to one-year repayment conditions, and eligibility under the company’s Executive Severance Plan as a Tier 2 Executive.
The company also named longtime finance leader Christy Schwartz as Chief Financial Officer effective January 1, 2026, with a base salary of $1,200,000 through May 15, 2026 and $500,000 thereafter, plus a $100,000 sign-on bonus and an additional payment equal to the difference between $1,200,000 and her salary from September 18, 2025 through May 15, 2026.
Both executives will receive performance restricted stock unit awards: Matheson is slated for two PRSU grants each initially valued at $6,000,000, and Schwartz for two grants of 1,695,000 PRSUs each, all tied to continued employment and stock price hurdles starting at an average closing price of $6.24, with additional targets at $9, $13, $17, $21, $25, $29 and $33 through 2030.
Opendoor Technologies Inc. registered up to 99,295,146 shares of common stock issuable upon exercise of new Warrants distributed as a dividend to existing stockholders and certain holders of its convertible notes. Each stockholder of record on November 18, 2025 received three series of Warrants—Series K, Series A, and Series Z—at a rate of one Warrant of each series for every 30 common shares held, with no cash cost to receive the Warrants. The Warrants carry exercise prices of $9.00 for Series K, $13.00 for Series A, and $17.00 for Series Z, are currently cash‑exercise only, and are scheduled to expire on November 20, 2026, subject to possible early expiration based on the company’s share price performance. The Warrants are expected to trade on Nasdaq under the symbols OPENW, OPENL, and OPENZ, and the company may receive proceeds in the future if holders choose to exercise them.
Opendoor Technologies Inc. filed a prospectus supplement registering the issuance and sale of 180,580,200 shares of common stock at $6.56 per share under its effective Form S-3 shelf. The shares are being sold pursuant to share purchase agreements dated November 6, 2025, meaning the company is the seller and would receive the offering proceeds.
The company also filed a Latham & Watkins LLP legal opinion as Exhibit 5.1 confirming the validity of the common shares covered by the prospectus supplement, which is incorporated by reference into the registration statement.
Opendoor Technologies (OPEN) announced a warrant dividend and a cross-conditional capital markets transaction. Stockholders of record on November 18, 2025 will receive three series of warrants—Series K, A, and Z—at a rate of 1 of each per 30 shares, distributed on or around November 21, 2025. The warrants carry exercise prices of $9.00 (K), $13.00 (A), and $17.00 (Z), and are expected to expire on or about November 20, 2026, subject to early expiration if price triggers are met. Listing applications are planned under OPENW, OPENL, and OPENZ.
The company also agreed to sell 180,580,200 shares of common stock at $6.56 per share in a registered direct offering and concurrently repurchase approximately $264 million principal amount of its 2030 convertible notes for an aggregate repurchase price of about $1.2 billion. Opendoor expects no net proceeds after the repurchase and does not expect a material impact on its cash position. Closing is expected on November 13, 2025, subject to customary conditions. Holders of the 2030 notes as of the record date will also receive warrants on equivalent terms.
Opendoor Technologies Inc. furnished an 8-K announcing its financial results for the third quarter ended September 30, 2025. The company provided a press release and posted an earnings supplement and supplemental macroeconomic charts on its investor relations website.
The materials are furnished under Items 2.02 and 7.01 and are not deemed filed under the Exchange Act. Exhibits include the press release (99.1), financial supplement (99.2), supplemental macro charts (99.3), and the cover page interactive data file (104).
Opendoor Technologies Inc. reported that on September 11, 2025, the U.S. District Court for the District of Arizona granted preliminary approval for a proposed settlement of the shareholder derivative action Gera v. Palihapitiya, et al., along with other related cases in federal and Delaware courts. The settlement, reached in principle after a global mediation on February 7, 2025 and documented in a Stipulation of Settlement executed on June 27, 2025, provides that Opendoor will adopt certain corporate governance reforms in exchange for a full release of claims in the derivative matters.
The company filed the Stipulation of Settlement and the Notice to Current Opendoor Stockholders of Proposed Settlement and Dismissal with Prejudice of Derivative Actions as Exhibits 99.1 and 99.2 to this report, giving stockholders formal notice of the proposed resolution and next steps in the court approval process.
Opendoor Technologies Inc. appointed Christy Schwartz as interim Chief Financial Officer, effective September 30, 2025, following the departure of current CFO Selim Freiha effective September 19, 2025. Schwartz previously served as Opendoor’s interim CFO from December 2022 to November 2024 and as Chief Accounting Officer from March 2021 to May 2025.
Under her offer letter dated September 18, 2025, Schwartz will receive an annual base salary of $1,200,000 and an award of 400,641 restricted stock units, vesting in three equal installments on November 15, 2025, February 15, 2026, and May 15, 2026. If her employment ends under specified conditions, she is entitled to a lump-sum cash payment to true up her salary to $1,200,000 and accelerated vesting of any unvested RSUs.
Opendoor Technologies Inc. filed a current report describing how it shares important information with investors and outlining a planned expansion of its real estate services. The company highlights that material updates may be posted on its website, press releases, SEC filings, blogs, community hub, and social media channels, including the X accounts of its Chief Executive Officer (@CanadaKaz) and @Opendoor.
Opendoor states that it intends to expand its product offerings so it can provide services across the entire continental United States in the coming weeks. These services may be delivered through direct cash offers, its cash plus product, or by working with partner agents to provide listing services. The report also includes extensive cautionary language that these plans are forward-looking and subject to economic, housing market, financing, operational, regulatory and other risks described in its annual and quarterly reports.
Opendoor Technologies announced leadership and board changes. Kaz Nejatian will become Chief Executive Officer and a Class II director, effective as soon as reasonably practicable and no later than October 7, 2025, for a term expiring at the 2028 annual meeting. Shrisha Radhakrishna will cease serving as interim principal executive officer upon Mr. Nejatian’s start. The company and its subsidiary entered into an offer letter with Mr. Nejatian; the filing states there are no related person transactions requiring disclosure. Directors Glenn Solomon and Pueo Keffer resigned effective September 6 and September 10, 2025, respectively; following these resignations the board size was set to six until Mr. Nejatian’s appointment increases it to seven. The board named Eric Feder Chair of the Compensation Committee and David Benson Chair of the Audit and Risk Committee, and accelerated vesting of Mr. Keffer’s RSUs that had been scheduled to vest by mid-2026. The company also disclosed a press release regarding PIPE transactions, director elections, and the CEO appointment, furnished as Exhibit 99.1.
Opendoor announced the Board appointed Shrisha Radhakrishna as President and interim principal executive officer. His annual base salary was increased to $700,000, his target annual cash bonus remains 50% of base salary with a $500,000 minimum for 2025, and he will receive a one-time cash retention bonus of $250,000. He remains a Tier 1 participant in the company Executive Severance Plan. The company disclosed Mr. Radhakrishna purchased 30,000 shares on the open market and three executives terminated prior 10b5-1 sale plans.
Opendoor announced a CEO transition with internal leadership to ensure continuity. The Board accepted the CEO's resignation and named Shrisha Radhakrishna, the company’s Chief Technology & Product Officer, as President and interim principal executive officer reporting to the Board while it conducts a search for a permanent successor. The Board also appointed Eric Feder as Lead Independent Director to assist during the transition. An Advisory Agreement with the departing CEO provides advisor services through December 31, 2025, monthly cash compensation of $62,500, COBRA premium reimbursement, and continued vesting of outstanding time‑based equity awards during the advisory period.