Opendoor Technologies(NASDAQ) OPEN

Opendoor Technologies lets people sell their houses online. It helps homeowners skip the stress of traditional home sales. The company makes moving simple with a digital platform.

Buy and Sell with a Click

• Home Sales: Direct residential real estate transactions through a digital marketplace; represents the majority of company revenue.
• Title and Escrow: Legal and financial closing services provided during the home sale process.
• Mortgage Services: Direct home financing provided to buyers through the Opendoor Home Loans platform.
• Brokerage Support: Professional real estate agent services that assist buyers and sellers within the digital ecosystem.

Moving the Business Forward

• Expanded reach to serve customers nationwide across the contiguous United States by the end of 2025.
• Established partnership channels with Zillow, Realtor.com, and Redfin to increase customer lead generation.
• Launched a mortgage product through Opendoor Home Loans LLC in the first quarter of 2026.
• Purchased 4,378 homes during the three-month period ended June 30, 2026, to increase inventory levels.

What Makes the Platform Different

Opendoor uses data-driven algorithms to provide homeowners with certain cash offers on their properties. By managing local operations and digital tools, the company replaces the time-consuming offline process of listing and showing a home.

The Financial Scorecard

• Revenue was $883 million for the three-month period ended June 30, 2026, down 44% year over year.
• Net loss was $162 million for the three-month period ended June 30, 2026, compared to $29 million a year earlier.
• Inventory was $1.8 billion as of June 30, 2026, comprising 5,459 homes.
• Non-GAAP contribution margin was 5.8% for the second quarter of 2026, up from 4.4% year over year.
• Cash and cash equivalents totaled $896 million as of June 30, 2026.

Bottom Line

Opendoor has transitioned from a regional startup to a nationwide platform for digital real estate transactions. Its growth focuses on integrating financial and closing services to create a more complete ecosystem for homeowners.