Opendoor Technologies Reports $1.6B Revenue with 5% Increase in Home Sales, Narrows Net Loss to $29M in 2Q25
Opendoor Technologies Inc. has announced its financial results, reporting a sale of 4,299 homes which generated $1.6 billion in revenue, marking a 5% increase compared to 2Q24. The company delivered a gross profit of $128 million, slightly down from $129 million in the previous year, translating to an 8.2% gross margin. Contribution profit was recorded at $69 million, compared to $95 million in 2Q24, representing a 4.4% contribution margin. Opendoor narrowed its net loss to $29 million and adjusted net loss to $9 million, compared to losses of $92 million and $31 million in 2Q24, respectively. The company achieved an adjusted EBITDA of $23 million in 2Q25, representing its first quarter of adjusted EBITDA profitability in three years. Despite achieving this milestone, Opendoor does not expect to maintain profitability in the latter half of the year due to reduced acquisition volume and inventory levels. The company views this period as a necessary transition aimed at repositioning for future durability, relevance, and scale.
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