Opendoor Technologies Inc (OPEN) stock soared 14.62% in after-hours trading on Thursday, driven by the company's release of better-than-expected fourth-quarter financial results for Fiscal 2025.
The online real estate platform reported a quarterly adjusted loss of $0.07 per share, surpassing analyst estimates for a loss of $0.10 per share. Revenue significantly exceeded expectations, coming in at $736 million against a consensus forecast of approximately $594 million. This represents a substantial beat on both key financial metrics.
Operational progress underpinned the positive results. The company reported a 46% quarter-over-quarter increase in home acquisitions and a significant reduction in aged inventory, indicating faster inventory turnover and more accurate pricing. Management highlighted these structural improvements as part of its "Opendoor 2.0" strategy and expressed confidence in continued margin improvement and a clear path toward reaching breakeven adjusted net income.