Opendoor reports 23% revenue growth QoQ and targets profitability by end of 2026 despite tough housing market.

Opendoor Technologies Inc. posted a 23% quarter-over-quarter revenue increase and a 59% rise in contribution profit for Q2 2026, driven by a 77% jump in homes purchased. The company improved its contribution margin and lowered marketing costs significantly, signaling operational efficiency. Despite ongoing net losses, Opendoor expects to achieve positive adjusted net income on a twelve-month basis by the end of 2026 without relying on market recovery. The firm also highlighted early success with its integrated mortgage product, enhancing home purchase convenience and financing.