Opendoor(US:OPEN) Globenewswireยท2025-08-05 20:05Core Insights - Opendoor Technologies Inc. reported a revenue of $1.6 billion for Q2 2025, marking a 4% increase compared to Q2 2024 and a 36% increase from Q1 2025, alongside achieving its first quarter of Adjusted EBITDA profitability since 2022 despite challenging housing market conditions [2][8]. Financial Performance - Revenue: $1.6 billion, up 4% year-over-year and up 36% quarter-over-quarter [8]. - Gross Profit: $128 million, slightly down from $129 million in Q2 2024 but up from $99 million in Q1 2025; Gross Margin at 8.2% [8]. - Net Loss: $(29) million, an improvement from $(92) million in Q2 2024 and $(85) million in Q1 2025 [8]. - Contribution Profit: $69 million, down from $95 million in Q2 2024 but up from $54 million in Q1 2025; Contribution Margin at 4.4% [8]. - Adjusted EBITDA: $23 million, a significant improvement from $(5) million in Q2 2024 and $(30) million in Q1 2025; Adjusted EBITDA Margin at 1.5% [8]. Operational Metrics - Total Homes Sold: 4,299, up 5% year-over-year and up 46% quarter-over-quarter [8]. - Inventory Balance: $1.5 billion, representing 4,538 homes, down 32% year-over-year and down 35% quarter-over-quarter [8]. - Homes Purchased: 1,757, down 63% year-over-year and down 51% quarter-over-quarter [8]. - Homes Under Contract: 393, down 78% year-over-year and down 63% quarter-over-quarter [8]. Future Outlook - Q3 2025 Revenue Guidance: $800 million to $875 million [8]. - Q3 2025 Contribution Profit Guidance: $22 million to $29 million [8]. - Q3 2025 Adjusted EBITDA Guidance: $(28) million to $(21) million [8].