Opendoor’s “Opendoor 2.0” framework focuses on scaling home acquisitions, improving unit economics and leveraging AI-driven underwriting and pricing tools. The company expanded its Cash Plus offering for sellers and rolled out Opendoor Checkout in 40 states to streamline mortgage preapproval, digital closing and resale velocity.

In Q4 2025, Opendoor increased home purchases 46% sequentially to 1,706 homes and noted its October cohort achieved the highest contribution margin in company history with over 50% of homes sold or under contract. Fixed operating expenses declined both sequentially and year over year, while inventory aged over 120 days decreased meaningfully.

Management reiterated its goal of achieving adjusted net income profitability on a 12-month forward basis by end-2026. Near-term revenue is expected to decline in Q1 2026 as older inventory clears and new acquisitions ramp under the updated model, positioning the company for improved operating leverage as housing activity stabilizes.