Opendoor — Q3 2026 Earnings Summary

Opendoor Technologies reported third-quarter 2026 revenue of $1,022 million, representing a 12% year-over-year increase, while the number of homes purchased surged 316% to 4,865 units. The company achieved significant operational efficiency gains, with trailing twelve-month marketing expenses per acquired home falling 57% and operations expenses per home declining 36%. Despite these improvements, the company reported a GAAP net loss of $218 million and an adjusted EBITDA loss of $31 million for the quarter. Looking ahead to the fourth quarter, Opendoor forecasts revenue growth of at least 40% year-over-year and anticipates an adjusted EBITDA loss between $70 million and $85 million.