Brief: Opendoor Q2 Revenue USD 1,600 Million Vs. IBES Estimate USD 1,503 Million

Opendoor Technologies

05/08/2025 21:06

Overview

Opendoor Q2 2025 revenue rises 4% yr/yr, beating analyst expectations, per LSEG data

Company achieves first adjusted EBITDA profitability since 2022

Net loss narrows to $29 mln in Q2

Outlook

Opendoor projects 3Q25 revenue of $800 mln to $875 mln

Company expects 3Q25 contribution profit of $22 mln to $29 mln

Opendoor forecasts 3Q25 adjusted EBITDA loss of $28 mln to $21 mln

Result Drivers

AGENT-LED PLATFORM - Expansion of agent-led distribution platform enabled partner agents to offer multiple solutions, per CEO Carrie Wheeler

DISCIPLINED OPERATIONS - CEO attributes first adjusted EBITDA profitability since 2022 to disciplined business practices

INVENTORY REDUCTION - Inventory balance decreased, reflecting a strategic shift in operations

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$1.60 bln
$1.50 bln (8 Analysts)
Q2 Net Income
-$29 mln
Q2 Gross Margin
8.2%
Q2 Gross Profit
$128 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 8 "hold" and 2 "sell" or "strong sell"

The average consensus recommendation for the real estate services peer group is "buy."

Wall Street's median 12-month price target for Opendoor Technologies Inc is $1.00, about 146% below its August 4 closing price of $2.46

Press Release: ID:nGNXc5NFkg

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)