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The online homebuying company reports a wider-than-expected loss in the third quarter.
Opendoor Technologies Inc. (OPEN) came out with a quarterly loss of $0.08 per share versus the Zacks Consensus Estimate of a loss of $0.07. This compares to a loss of $0.1 per share a year ago.
Opendoor Technologies Inc., the online real-estate platform whose stock has recently attracted a surge of meme-like attention, will ride the artificial-intelligence wave to profitability, according to its new chief executive.
Opendoor Technologies Inc. OPEN is set to report its third-quarter 2025 results on Nov. 6, 2025, with investors focused on how the company is navigating a tougher housing backdrop while executing its transformation toward a distributed, agent-led platform. In the last reported quarter, Opendoor delivered a resilient performance, beating guidance and turning profitable on an adjusted basis despite a weakening housing backdrop.
OPEN's agent-led platform strategy is gaining traction with capital-light growth, even amid housing market headwinds.
Opendoor Technologies (OPEN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Opendoor (OPEN) shares jumped 12.7% over the past five trading days, finally settling in and closing at $8.16 today.
Opendoor Technologies (OPEN 0.42%) runs one of the biggest real estate direct buying operations in the U.S., which involves purchasing homes from willing sellers and attempting to flip them for a profit. This business model works great when the housing market is strong, but elevated interest rates have made the last few years extremely difficult for the company.
Opendoor Technologies Inc. OPEN has experienced a meteoric share price rally in recent months, yet its valuation remains strikingly low. The company trades at a forward 12-month Price/Sales (P/S) ratio of just 1.2, far below the Zacks Internet - Software industry's average multiple of 5.57x earnings.
OPEN's agent-led platform shift is doubling seller conversions and reshaping its capital-light growth strategy.
Opendoor Technologies (OPEN 10.27%) has taken the market by storm in the last three months. The online home flipper gained traction as a meme stock back in July after hedge fund manager Eric Jackson made the argument online that the stock, which was trading at just around $0.50/share, could be the next Carvana, referring to the online used car dealer that jumped more than 100 times after nearly going bankrupt in 2022.