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 Inc reports that Vanguard Portfolio Management beneficially owned 70,068,568 shares of Common Stock, representing 7.31% of the class as of 03/31/2026. The filing states Vanguard has sole dispositive power over these shares and no sole or shared voting power.
Opendoor Technologies Inc. is asking stockholders to vote at its 2026 virtual annual meeting on June 11, 2026 at 9:30 a.m. Pacific Time. Stockholders will elect three Class III directors (David Benson, Eric Feder and Eric Wu) to terms ending in 2029, ratify Deloitte & Touche LLP as auditor for 2026, and approve an advisory Say‑on‑Pay proposal.
The Board has seven members, five of whom are independent, with an independent Chairman and Lead Independent Director and fully independent committees. The company emphasizes performance‑based pay: in 2025, about 97% of the CEO’s compensation and roughly 88.6% of other executives’ compensation were performance‑based, heavily using performance RSUs tied to stock‑price hurdles and long service requirements.
Opendoor Technologies Inc. Chief Legal Officer Sydney Schaub reported routine compensation-related share dispositions to cover taxes on vested restricted stock units. On September 15, 2025, 101,597 shares of common stock were withheld at $9.07 per share. On October 15, 2025, 16,459 shares were withheld at $7.64 per share. These were tax-withholding dispositions, not open-market sales, and Schaub held 1,329,422 Opendoor shares directly after the October transaction.
Opendoor Technologies Inc. Chief Operating Officer Giang Nguyen reported an open-market sale of 10,866 shares of common stock at a weighted average price of $4.6464 per share. According to the disclosure, this sale was executed under a mandatory sell-to-cover taxes program linked to vesting restricted stock units and was not a discretionary trade.
After this transaction, Nguyen directly holds 8,189,134 shares of Opendoor Technologies common stock.
Opendoor Technologies Inc. Schedule 13G/A: Morgan Stanley and Morgan Stanley Investment Management Inc. report beneficial ownership of 97,870,639 and 97,656,149 shares respectively, representing 10.2% of Common Stock. The filing attributes voting and dispositive powers as shared across the MS reporting units.
Opendoor Technologies Inc: The Vanguard Group filed an Amendment No. 6 to its Schedule 13G/A reporting 0 shares beneficially owned of Opendoor common stock (CUSIP 683712103). The filing states Vanguard reorganized on January 12, 2026, after which certain subsidiaries report holdings separately; the holdings reported here are in the form of warrants.
The filing shows 0% ownership and zero voting and dispositive power across sole and shared categories. The report is signed by Ashley Grim on 03/27/2026.
Rabois Keith reported acquisition or exercise transactions in this Form 4 filing.
Opendoor Technologies Inc. director Keith Rabois received a grant of 14,679 restricted stock units (RSUs) of common stock as a non-cash board retainer. The award was issued in lieu of retainer fees of $92,500.00 under the company’s Non-Employee Director Compensation Policy.
The RSUs vest in four substantially equal installments on the last trading day of each quarter in 2026, as long as Rabois continues serving as a non-employee director through each vesting date. After this grant, he directly holds 630,088 shares of Opendoor common stock.
Opendoor Technologies Inc. reported that an entity associated with director Eric Feder received a new equity award. On February 17, 2026, Len X, LLC, a wholly owned subsidiary of Lennar Corporation, acquired 14,282 shares of Opendoor common stock in the form of restricted stock units granted under Opendoor’s non-employee director compensation policy.
The RSUs were issued in lieu of $90,000 in cash retainer fees and will vest in four substantially equal installments on the last trading day of each quarter in 2026, subject to Feder’s continued service as a non-employee director. Following this grant, Len X, LLC is reported as holding 212,535 shares of Opendoor common stock. Feder disclaims beneficial ownership of these securities except to the extent of his pecuniary interest.