Form 8-K · Current Report · Filed 2026-08-04
Opendoor Technologies Reports Strong Q2 2026 Financial Results and Positive Outlook
Opendoor Technologies Inc. reported strong financial results for Q2 2026, with a 23% increase in revenue quarter-over-quarter, a 59% increase in contribution profit, and a 140 basis points increase in contribution margin both quarter-over-quarter and year-over-year. The number of homes purchased increased by 77% quarter-over-quarter and 149% year-over-year. The company also announced that it expects to be Adjusted Net Income positive by the end of 2026.
- Filer
- Opendoor Technologies Inc. OPEN · NASDAQ
- Filed
- Accession
- 0001801169-26-000019
- CIK
- 0001801169
- Signal
- Medium impactReal Estate
- Source
- Official filing on sec.gov ↗
Items reported
Reported Item
Market reaction
Close before filing
$3.77
Since filing
+0.0%
Latest close
$3.77
What happened, not what will happen — closing prices around the filing date.
Precedent
Previous filings from OPEN reporting the same item, with the next session's move:
Insider tape
Within 45 days of this filing, OPEN insiders reported 1 Form 4 transaction — net selling of $17K.
About Opendoor Technologies Inc.
Opendoor Technologies Inc. is a revolutionary real estate technology company specializing in the simplified buying and selling of homes. Founded in 2014, Opendoor's primary function is to streamline real estate transactions through its innovative iBuyer platform, which allows homeowners to sell their properties quickly and efficiently by receiving an offer from Opendoor within days. The company purchases homes, makes necessary repairs, and then resells them, facilitating a smoother transaction process for both buyers and sellers. Opendoor predominantly impacts the residential real estate sector, emphasizing markets in urban and suburban areas across the United States. By harnessing data analytics and a strong digital presence, Opendoor reduces the need for traditional intermediaries, making the process more cost-effective and less time-consuming. In the financial market, Opendoor Technologies Inc. plays a pivotal role by transforming the real estate landscape with technology-driven solutions, reflecting broader trends in the digitization of services. This company continues to influence the future of real estate transactions, aiming to redefine how people experience buying and selling homes.
Never miss another OPEN filing
Profitelligence watches EDGAR around the clock and alerts you within seconds.