Opendoor Reports Strong Financial Performance for Q2 2025

August 6, 2025 - 01:37

Opendoor Technologies has unveiled its financial results for the second quarter of 2025, showcasing a robust performance with $1.6 billion in revenue. This marks a 4% increase compared to the same period last year and a remarkable 36% growth from the previous quarter. The company successfully sold 4,299 homes during this quarter, marking a 5% rise year-over-year and a significant 46% increase quarter-over-quarter.

Notably, Opendoor achieved its first quarter of Adjusted EBITDA profitability since 2022, reporting $23 million in this key metric. While the company posted a net loss of $29 million, this figure represents a substantial improvement from the net loss of $92 million recorded in Q2 2024. Additionally, the gross profit for the quarter stood at $128 million, reflecting an 8.2% margin.

Looking ahead, Opendoor forecasts revenue for the third quarter of 2025 to fall between $800 million and $875 million, with an anticipated Adjusted EBITDA ranging from a loss of $28 million to $21 million.