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 ( OPEN ) projects 3Q25 revenue of $800 mln to $875 mln

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

* Opendoor ( OPEN ) 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/Mis Actual Consensu

s s

Estimate

Q2 Beat $1.60 $1.50

Revenue bln bln (8

Analysts

)

Q2 Net -$29 mln

Income

Q2 Gross 8.2%

Margin

Q2 Gross $128 mln

Profit

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 ( OPEN ) is $1.00, about 146% below its August 4 closing price of $2.46

Press Release:

(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.)