Opendoor Technologies Inc.

Opendoor is a leading e-commerce platform for residential real estate transactions and the largest U.S. iBuyer. Founded in 2014, the company aims to simplify homeownership by enabling homeowners to buy, sell, and move through a simple, certain, and largely digital experience. Opendoor uses artificial intelligence, data science, and specialized software to allow consumers to transact directly with the company, removing traditional complexities and intermediaries. The platform integrates product design and operations to streamline the home buying and selling process. Residential real estate is the largest consumer category in the United States. In 2025, over four million existing homes were sold, totaling approximately $1.7 trillion in transactions. Housing is the single largest consumer expenditure in the U.S. for approximately two-thirds of Americans who own their homes. Opendoor addresses the traditional home sale process, which is often complex, uncertain, time-consuming, and primarily offline, involving an average of six intermediaries and taking about three months. Since its launch, Opendoor has bought and sold over 294,000 homes across the United States. In 2025, the company sold over 11,700 homes and generated $4.4 billion in revenue. Opendoor has maintained an average Net Promoter Score ("NPS") of nearly 80 from its sellers since 2021.