Key Takeaways OPEN's Opendoor 2.0 shifts focus from growth at any cost to profitability and unit economics.Opendoor's October 2025 cohort shows faster sell-through and improved contribution margins.OPEN trades at 0.73x forward P/S, while 2026 loss estimates have narrowed in the past month.Opendoor Technologies Inc.’s (OPEN) fourth-quarter 2025 earnings call made one thing clear: the company is no longer chasing growth at any cost. Instead, Opendoor 2.0 is deliberately slowing the top line to fix the engine ...

Key Takeaways Opendoor reported Q4 revenues of $736M, down 32% Y/Y, but the loss narrowed under its revamped model.OPEN cut aged inventory and boosted resale velocity, lifting gross margin to 7.7%.Opendoor trades 54% below its 52-week high and at a 0.77 forward P/S, well under the industry average.Opendoor Technologies Inc. (OPEN) reported fourth-quarter 2025 results, reflecting tangible progress under its revamped “Opendoor 2.0” operating model. While near-term financial performance remained pressured by l ...

Opendoor sign outside a home as a buyer checks the Opendoor app, highlighting U.S. housing market trends and OPEN stock. Key Points Opendoor beat revenue expectations but posted a larger-than-expected loss, highlighting ongoing profitability challenges. The company’s “Opendoor 2.0” strategy focuses on faster inventory turns, AI-driven pricing, and breakeven adjusted net income by 2026. Institutional sentiment and sector rotation will likely determine whether OPEN stock can sustain momentum. Interested ...

Core Insights - Opendoor Technologies Inc. (OPEN) is set to release its fourth-quarter 2025 results on February 19, with an expected earnings per share (EPS) loss of 8 cents, reflecting a 27.3% improvement from a loss of 11 cents in the same quarter last year [1][8] - The consensus estimate for fourth-quarter revenues is $596.4 million, indicating a 45% decline from the previous year's figure [2] Earnings Estimate Trend - The current EPS estimate for the fourth quarter remains unchanged at -0.08, with similar estimates for the next quarter and the current year [2] - The earnings surprise history shows that Opendoor has beaten the Zacks Consensus Estimate in three of the last four quarters, with an average surprise of 6.3% [3][4] Revenue Drivers - The fourth-quarter performance is expected to reflect early traction from the strategic reset towards a software-driven operating model, termed "Opendoor 2.0," which focuses on scaling acquisitions and embedding AI across workflows [9] - The renewed focus on high-quality home acquisitions is anticipated to drive contract activity, supported by AI-powered inspection and underwriting processes [10] - The reactivation of direct-to-consumer (D2C) channels is expected to enhance performance, with early tests showing stronger conversion rates compared to traditional methods [11] - Product innovations, such as Opendoor Checkout and expanded warranty offerings, are likely to strengthen the value proposition for buyers and sellers [12] Margins - Fourth-quarter margins are expected to balance acquisition rescaling with operational discipline, as the company works to clear legacy inventory [13] - Financing costs and holding expenses remain critical, but improved underwriting cycles and AI-driven processes are expected to support resale velocity [14] - Cost rationalization initiatives, including reducing external consultants and consolidating software vendors, are likely to enhance operating leverage [15] Stock Price Performance & Valuation - Opendoor's shares have increased by 17.6% over the past six months, contrasting with a 22.4% decline in the industry [16] - The stock is currently trading at a forward price-to-sales (P/S) multiple of 0.69, significantly below the industry average of 3.9 [19] Investment Considerations - The company is executing a strategic reset focused on acquisition velocity and AI-driven operational discipline, aiming for a defined path toward adjusted net income breakeven by the end of 2026 [22][23] - Despite the positive outlook, risks remain elevated due to the early stages of rebuilding acquisition volumes and pressures on near-term margins [24][27]