Opendoor Technologies Inc's stock experienced a significant pre-market surge of 14.62%, following the release of its fourth-quarter financial results for Fiscal 2025.
The online real estate platform reported quarterly adjusted losses of $0.07 per share, beating analyst expectations of a $0.10 loss. Revenue also significantly 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 as part of its "Opendoor 2.0" strategy, with expectations for continued margin improvement in the coming quarter and progress toward reaching breakeven adjusted net income.