OPEN Opendoor (OPEN) Q2 FY26 earnings call
Opendoor is executing a significant turnaround, leveraging AI and operational efficiencies to drive strong acquisition volumes and improved unit economics. The company is on track to achieve adjusted net income profitability by the end of FY26 on a 12-month go-forward basis, despite a challenging real estate market and seasonal headwinds. Strategic product development, particularly in mortgages, aims to remove transaction friction and enhance the core business model.
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OPEN operating KPIs by quarter
| KPI | Mar 2026 Q1 FY26 | This call Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|
| Homes purchased | 2,474We purchased 2,474 homes in Q1, up 45% from Q4.Source: earnings call transcript | 4,378This quarter, we purchased 4,378 homes and spent $14 million, 2.5x the volume on less variable cost.Source: earnings call transcript | +77% |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.