Opendoor Q4 Revenue Hits $736M as Acquisition Velocity Jumps 300%
Opendoor posted Q4 2025 revenue of $736M and trimmed adjusted EBITDA loss to $43M while acquisition velocity surged 300%. AI automation cut hosting costs from $12M to under $5M and Cash Plus grew to 35% of contracts, backing a plan for end-2026 profitability.
1. Q4 2025 Financial Performance
Opendoor delivered Q4 2025 revenue of $736 million, reported a GAAP net loss of $1.1 billion due to a non-cash debt refinancing charge, and improved its adjusted EBITDA loss to $43 million. Acquisition velocity rose 300% since September, with 537 home contracts signed in the final week of the quarter.
2. AI-Driven Operational Efficiencies
The integration of AI automated seller disclosures and home assessments, enabling rapid workflow development by non-engineers and reducing annual hosting expenses from $12 million to under $5 million. The capital-light Cash Plus product expanded to 35% of all contracts, lowering Opendoor’s inventory holding risk.
3. Guidance Toward Profitability
Management aims to reach adjusted net income profitability by the end of 2026 on a 12-month go-forward basis and targets 6,000 home acquisitions per quarter by then, supported by $7.2 billion in borrowing capacity.