GlobeNewswire·Nov 5, 2026, 4:05 PM ET

Opendoor Reports Third Quarter 2026 Financial Results

Opendoor Technologies reported Q3 2026 revenue of $1,022 million, a 12% year-over-year increase.
Homes purchased reached 4,865 in Q3 2026, up 316% from 1,169 in Q3 2025.
Market share in the addressable U.S. market rose to 0.56% in Q3 2026 from 0.13% a year earlier.
Trailing-twelve-month marketing expense per acquired home decreased 57% to $2.8 thousand.
Trailing-twelve-month operations expense per acquired home decreased 36% to $4.0 thousand.
Mortgage originations increased over 400% quarter-over-quarter.
Homes listed for more than 120 days represented 18% of inventory at period end, down from 51% a year prior.
Net loss for the quarter was $218 million compared to $90 million in Q3 2025.
Adjusted Net Loss for the quarter was $66 million, with an Adjusted EBITDA loss of $31 million.
Q4 2026 outlook forecasts revenue growth of at least 40% year-over-year.
Q4 2026 Adjusted EBITDA is expected to be a loss between $70 million and $85 million.
Management aims to achieve positive Adjusted Net Income by the end of 2026.
Cash Now, More Later product accounted for more acquisitions in Q3 2026 than all products combined in Q3 2025.