Opendoor Q2 Earnings on Deck: Breakeven EBITDA Milestone in Focus
OPEN has more than doubled off its 52-week low of $1.7.
Summary
Opendoor reports Q2 results after the close, with the Street expecting a loss of 7 cents per share on $666.5 million in revenue. The company posted a Q2 loss of 17 cents per share, a loss of $162 million, and revenue of $883 million. Management guided for roughly 25% sequential revenue growth and, critically, breakeven adjusted EBITDA — a milestone the company hasn't hit in recent memory. The stock is up 5.8% ahead of the print, but it remains below all major moving averages, suggesting the market is pricing in a prove-it moment rather than a breakout. This follows a Q1 where revenue hit $720 million with improving margins and acquisition volumes at their highest since 2022. The breakeven EBITDA target is the key swing factor tonight.
At the time of this announcement, OPEN was trading at $4.12 on NASDAQ in the Real Estate & Construction sector, with a market capitalization of approximately $4B. The 52-week trading range was $1.70 to $10.87. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Benzinga.