- Meanwhile, the company’s loss per share came in at $1.26, trailing market expectations of loss per share of $0.11.
- Opendoor said that its acquisitions increased 46% quarter-over-quarter, while inventory days in possession reduced 23%.
- The company said that it expects Q1 revenue to decrease approximately 10% quarter-over-quarter.
Shares of Opendoor Technologies Inc. (OPEN) rallied more than 16% in after-market hours on Thursday after the company beat earnings expectations by a significant margin.
The real estate digital platform posted revenue for the fourth-quarter (Q4) of $736 million, much above street expectations of $591.75 million, as per data from Fiscal.ai. Meanwhile, the company’s loss per share came in at $1.26, trailing market expectations of a loss per share of $0.11.
The company also reported adjusted earnings before interest, tax, depreciation, and amortization of -$43 million, compared with an expectation of -$50.81 million.
Opendoor said that it expects Q1 revenue to decrease approximately 10% quarter-over-quarter.
Progress Details
Opendoor said that its acquisitions increased 46% quarter-over-quarter, while inventory days in possession reduced 23%.
The company also noted that its October 2025 acquisition cohort, the first full month under the Opendoor 2.0 model, is on track to generate the strongest contribution margins of any October cohort in its history.
These homes are also selling more than twice as fast as those acquired in October 2024, the company said, with over half already sold or under contract.
“These results reflect structural improvements in how we operate with more accurate pricing, faster inventory turns, and disciplined selection,” said Kaz Nejatian, CEO of Opendoor.
While newer cohorts remain in early stages, current performance is encouraging and underpins the company’s Q1 2026 contribution margin outlook, Nejatian added.
Bullish Bets
New filings on Wednesday revealed that Lennar Corporation, one of the largest homebuilders in the U.S., has taken a significant position in the online real estate platform, holding 18.8 million shares along with multiple warrant series, signaling a strong bullish stance.
Bank of America also reportedly raised its stake in the company, while Vanguard Group disclosed an ownership interest of over 11% last month.
How Did Stocktwits Users React?
On Stocktwits, retail sentiment around OPEN shares jumped to ‘extremely bullish’ from ‘bullish’ territory over the past 24 hours amid ‘high’ message volumes.
Shares of the company have gained more than 200% in the past year.
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