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%.
BlackRock, Inc. reports beneficial ownership of 68,482,376 shares of Opendoor Technologies Inc. common stock on a Schedule 13G, representing 7.1% of the class as of June 30, 2026. BlackRock has sole voting power over 67,044,986 shares and sole dispositive power over 68,482,376 shares, with no shared voting or dispositive power reported.
The filing states that various underlying clients have rights to dividends or sale proceeds from these shares, but no single client holds more than 5% of Opendoor’s outstanding common stock.
Opendoor Technologies Inc. Chief Operating Officer Giang Nguyen reported a sale of 3,591 shares of Common Stock on 2026-07-15 at a weighted average price of $4.6849 per share, with individual trades between $4.545 and $4.805. The transaction was executed under a Rule 10b5-1 sell-to-cover election solely to satisfy tax withholding obligations arising from settlement of previously granted restricted stock awards and was not a discretionary trade. Following the sale, Nguyen directly holds 8,185,543 shares of Opendoor Common Stock.
Issuer OPEN filed a notice of proposed sale of common stock. Giang Nguyen plans to sell 3,591 shares of common stock through Morgan Stanley Smith Barney LLC Executive Financial Services on or after July 15, 2026 on Nasdaq, with an indicated value of $163,339.05. The filing also lists a prior sale of 10,866 shares of common stock on April 15, 2026 for $50,487.79, and notes that the shares to be sold relate to Restricted Stock Units issued by the company.
Opendoor Technologies director David C. Benson sold 40,000 shares of Common Stock in an open-market transaction. The sale occurred on June 16, 2026 at a weighted average price of $4.8341 per share, with individual trades ranging from $4.60 to $5.02.
According to the footnotes, this sale was effected under a pre-arranged Rule 10b5-1 instruction entered on March 6, 2026 to cover taxes related to the vesting of restricted stock units. After the transaction, Benson directly owned 180,099 Opendoor shares.
Wu Eric Chung-Wei reported acquisition or exercise transactions in this Form 4 filing.
Opendoor Technologies Inc. director Eric Chung-Wei Wu received a grant of 41,667 restricted stock units (RSUs) on June 11, 2026 under the company’s non-employee director compensation policy. The RSUs vest based on time and will fully vest on the earlier of the next annual stockholder meeting or June 11, 2027, subject to his continued board service. Following this award, Wu directly holds 1,992,303 shares of Opendoor common stock.
Rabois Keith reported acquisition or exercise transactions in this Form 4 filing.
Opendoor Technologies director Keith Rabois received an equity grant of 41,667 shares of common stock in the form of restricted stock units (RSUs). The award was granted under the company’s non-employee director compensation policy at no cash cost per share.
Each RSU represents a right to receive one share of Opendoor common stock, subject to time-based vesting. The RSUs fully vest on the earlier of the company’s next annual meeting of stockholders or June 11, 2027, provided Rabois continues serving as a non-employee director through that date.
Following this grant, Rabois directly holds a total of 671,755 shares of Opendoor common stock, reflecting his updated ownership position after the award.
Opendoor Technologies Inc. reported that Len X, LLC, an entity associated with director Eric Feder, acquired 41,667 shares of common stock through a restricted stock unit (RSU) award under the non-employee director compensation policy. The award was granted at no cash cost and is subject to time-based vesting.
Each RSU represents a right to receive one share of common stock and will fully vest on the earlier of the company’s next annual stockholder meeting or June 11, 2027, assuming continued board service. Following this grant, Len X, LLC’s indirect holdings reported for Feder total 254,202 shares, with Feder disclaiming beneficial ownership beyond his pecuniary interest.
Opendoor Technologies Inc. director Dana Hamilton received a grant of 41,667 shares of common stock in the form of restricted stock units as equity compensation. The RSUs have a stated price of $0.00 per unit and increase Hamilton’s direct holdings to 346,844 shares.
The award is subject to time-based vesting and will fully vest on the earlier of the company’s next annual stockholder meeting or June 11, 2027, provided Hamilton continues serving as a non-employee director. Each RSU converts into one share of common stock, and Hamilton has elected to defer receipt of the shares until after vesting.