OPEN Signals Sequential Revenue Drop in Q3: Can Long-Term Upside Hold?

Key Takeaways OPEN's Q2 contribution margin slipped to 4.4% from 6.3% a year earlier.Q3 guidance calls for $800M-$875M revenues and a $21M-$28M adjusted EBITDA loss.OPEN is pivoting to an agent-driven platform, boosting conversion rates and expanding Cash Plus.Opendoor Technologies (OPEN) reported cautiously encouraging second-quarter 2025 results, with revenues of $1.57 billion, up 3.7% year over year. During the quarter, the firm posted its first positive adjusted EBITDA in three years at $23 million, rev ...