Opendoor Technologies Inc (OPEN) experienced a significant surge of 11.40% in the after-hours session following the release of its fourth-quarter financial results for Fiscal 2025.
The online real estate company reported quarterly adjusted losses of $0.07 per share, surpassing analyst expectations of a $0.10 loss. Revenue also exceeded estimates, coming in at $736 million against a consensus forecast of approximately $594 million. This performance represents a substantial beat on both key financial metrics.
Operational improvements contributed to the positive results, including a 46% quarter-over-quarter increase in home acquisitions and a reduction in aged inventory. Management highlighted structural improvements in pricing accuracy and inventory turnover, with expectations for continued margin improvement in the coming quarter.