Opendoor Q3 2026 revenue rises 12%, homes purchased quadruple, but net loss widens to $218M

Opendoor reported a 12% revenue increase to $1.022 billion in Q3 2026, with homes purchased soaring 316% year-over-year to 4,865. Marketing and operations efficiency improved significantly, reducing costs per home by 57% and 36%, respectively. Despite growth, the company posted a net loss of $218 million, wider than the previous year, reflecting ongoing investments and market challenges. Opendoor aims for adjusted net income positivity by year-end 2026, focusing on scaling acquisitions, improving unit economics, and enhancing resale velocity.

Opendoor Technologies Inc (OPEN) shares are trading at USD 1.78 on Pluang as of Nov 06, 2026 04:21 WIB, down 9.85% in one day. This decline contrasts with the company's reported 12% revenue growth in Q3 2026. Despite strong operational improvements and increased home purchases, investor sentiment appears cautious, reflected in a market cap of $1.92 billion and a high sell order activity of 91%.