Opendoor Beats Q1 Estimates with $720M Revenue, Achieves Adjusted EBITDA Profitability
Opendoor posted Q1 EPS loss of $0.05 versus an expected $0.07, with revenue of $720 million topping estimates of $666.5 million. The company secured over 5,000 home acquisitions (double Q4 2025), cut homes on market over 120 days to 10% from 33%, and achieved adjusted EBITDA profitability forward as of April 1.
1. Q1 Financial Performance
Opendoor reported a per-share loss of $0.05 for Q1, outperforming analyst projections of $0.07. Revenue reached $720 million, surpassing estimates by over $53 million.
2. Operational Metrics
The company secured more than 5,000 home acquisition contracts—double the prior quarter—and reduced the share of listings on market over 120 days from 33% to 10%, signaling faster inventory turnover.
3. Profitability Achievement
As of April 1, Opendoor moved to adjusted EBITDA profitability on a 12-month forward basis, marking a key step toward sustained positive cash flow.
4. Share Price Reaction
Following the release, the stock climbed 2.05% in after-hours trading, reflecting investor confidence in the company’s growth trajectory and profitability progress.