Earnings ·
Opendoor Technologies Inc. reported financial results for the second quarter ended June 30, 2026
OPENZOpendoor Technologies Inc.
Opendoor Technologies Inc. reported financial results for the second quarter ended June 30, 2026. Revenue increased 23% sequentially to $883 million from $720 million in Q1, while contribution profit rose 59% to $51 million and contribution margin expanded by 140 basis points to 5.8%. The company purchased 4,378 homes, a 77% increase quarter-over-quarter, bringing total inventory to 5,459 homes valued at $1.845 billion. GAAP net loss widened to $162 million from $173 million in Q1, primarily due to $100 million in stock-based compensation for market-condition RSUs and a $19 million SBC charge. Adjusted EBITDA was negative $4 million, compared to negative $31 million in the prior quarter. The company reaffirmed its guidance to achieve positive Adjusted Net Income on a twelve-month go-forward basis by the end of 2026. Opendoor operates an e-commerce platform for residential real estate transactions.