Opendoor Q2 FY26 net loss widens to $162 million; revenue drops 43.7% YoY to $883 million - OPEN News | RalliesOpendoor Q2 FY26 net loss widens to $162 million; revenue drops 43.7% YoY to $883 million
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OPEN• Q2 results
- Opendoor reported Q2 GAAP revenue of USD 883 million, down 44% year over year; GAAP net loss widened to USD 162 million.
- GAAP gross profit fell to USD 86 million, while gross margin rose 1.5 percentage points to 9.7%.
- Non-GAAP contribution profit declined to USD 51 million, while contribution margin rose 1.4 percentage points to 5.8%.
- Non-GAAP adjusted EBITDA was a loss of USD 4 million, swinging from a profit, while non-GAAP adjusted net loss widened to USD 30 million.
Outlook and operating metrics
- Acquisition contracts totaled 6,908 on USD 5 million of marketing spend; Opendoor reiterated a target to be adjusted net income positive by end-2026.
