Opendoor(OPEN) - 2025 Q1 - Quarterly Results

Exhibit 99.1 *See "—Use of Non-GAAP Financial Measures" below for further details and a reconciliation of such non-GAAP measures to their nearest comparable GAAP measures. • Revenue of $1.2 billion, down (2)% versus 1Q24 and up 6% versus 4Q24; with 2,946 total homes sold, down (4)% versus 1Q24 and up 4% versus 4Q24 • Gross profit of $99 million, versus $114 million in 1Q24 and $85 million in 4Q24; Gross Margin of 8.6%, versus 9.7% in 1Q24 and 7.8% in 4Q24 • Net loss of $(85) million, versus $(109) million i ...