Jun 2026 (Q2 FY26) — Aug 4, 2026
Opendoor Q2 FY26 — AI-Driven Efficiency Fuels Path to ANI Profitability
Read the full callOpendoor earnings: last reported Tue, 4 Aug 2026, for the quarter ended Jun 2026.
Reported
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 883 | −43.7% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | -16.3 | −15.5 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | -162 | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. The year-earlier figure was zero or a loss, so no percentage is shown. |
Price
1Y: $7.16 on 17 Oct 2025 → $2.05. High $9.37 (12 Nov 2025), low $1.99 (14 Oct 2026).
Overview
Call summaries
Opendoor Q2 FY26 — AI-Driven Efficiency Fuels Path to ANI Profitability
Read the full callOpendoor Technologies Inc. Q1 FY26 — Velocity-Driven Path to Profitability
Read the full callEvery analysed call
Financials
Net profit, year on year: −459% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 1,377 | 1,084 | 1,153 | 1,567 | 915 | 736 | 720 | 883 |
| Operating profit | -67 | -94 | -56 | -13 | -68 | -150 | -159 | -144 |
| Operating margin | −4.9% | −8.7% | −4.9% | −0.8% | −7.4% | −20.4% | −22.1% | −16.3% |
| Interest | 34 | 32 | 33 | 36 | 34 | 28 | 23 | 29 |
| Profit before tax | -78 | -113 | -85 | -29 | -89 | -1,097 | -173 | -162 |
| Tax rate | 0.0% | 0.2% | −0.2% | −0.7% | −1.1% | — | −0.1% | −0.1% |
| Net profit | -78 | -113 | -85 | -29 | -90 | -1,096 | -173 | -162 |
| EPS ($ per share) | -0.11 | — | -0.12 | -0.04 | -0.12 | — | -0.18 | -0.17 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | — | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Reserves | — | -790 | -1,043 | -1,705 | -3,058 | -3,333 | -3,725 | -5,033 |
| Total liabilities | — | 1,583 | 623 | 7,258 | 5,522 | 2,600 | 2,413 | 1,402 |
| Fixed assets | — | 35 | 29 | 45 | 58 | 66 | 48 | 27 |
| Investments | — | — | 48 | 484 | 144 | 69 | 8 | 0 |
| Total assets | — | 2,232 | 2,176 | 9,506 | 6,608 | 3,567 | 3,126 | 2,407 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | -1,180 | -272 | 682 | -5,794 | 730 | 2,344 | -595 | 1,049 |
| Cash from investing | -7 | -95 | -22 | -476 | 234 | 44 | 28 | -12 |
| Cash from financing | 1,496 | 646 | 161 | 7,342 | -1,751 | -2,639 | -210 | -499 |
| Net cash flow | 309 | 279 | 821 | 1,072 | -787 | -251 | -777 | 538 |
| Capital expenditure | -20 | -28 | -17 | -33 | -37 | -37 | -25 | -12 |
| Free cash flow | -1,200 | -300 | 665 | -5,827 | 693 | 2,307 | -620 | 1,037 |
| KPI | Mar 2026 Q1 FY26 | 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.
29 filings between Nov 11, 2025 and Oct 15, 2026.
Purchases
$1.59M
3 purchases by 1 insider
Sales
$1.51M
7 sales by 3 insiders
71% filed under a 10b5-1 plan — scheduled in advance, not decided on the day
| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Nejatian Kasra | $1.59M | — | Aug 14, 2026 |
| Schwartz Christina | — | $1.23M | May 15, 2026 |
| Benson David C | — | $193.4K | Jun 16, 2026 |
| Nguyen Giang | — | $87.8K | Oct 15, 2026 |
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Oct 15, 2026 | Nguyen Giang Chief Operating Officer | Sale 10b5-1 plan | 10,393 | $20.5K |
| Sep 15, 2026 | Schwartz Christina Chief Financial Officer | Option exercise | 59,658 | $57.9K |
| Sep 15, 2026 | Schwartz Christina Chief Financial Officer | Tax withheld | 42,242 | $111.9K |
| Aug 14, 2026 | Nejatian Kasra Chief Executive Officer | Purchase | 27,625 | $100.0K |
| Jul 15, 2026 | Nguyen Giang Chief Operating Officer | Sale 10b5-1 plan | 3,591 | $16.8K |
| Jun 16, 2026 | Benson David C Director | Sale 10b5-1 plan | 40,000 | $193.4K |
| Jun 11, 2026 | Benson David C Director | Award | 41,667 | $0 |
| Jun 11, 2026 | Wu Eric Chung-Wei Director | Award | 41,667 | $0 |
| Jun 11, 2026 | Feder Eric Director | Award | 41,667 | $0 |
| Jun 11, 2026 | Bain Adam Director | Award | 41,667 | $0 |
| Jun 11, 2026 | HAMILTON DANA Director | Award | 41,667 | $0 |
| Jun 11, 2026 | Rabois Keith Director | Award | 41,667 | $0 |
| May 15, 2026 | Schwartz Christina Chief Financial Officer | Sale 10b5-1 plan | 74,348 | $322.1K |
| May 11, 2026 | Nejatian Kasra Chief Executive Officer | Purchase | 100,000 | $487.8K |
| Apr 15, 2026 | Nguyen Giang Chief Operating Officer | Sale | 10,866 | $50.5K |
| Feb 17, 2026 | Rabois Keith Director | Award | 14,679 | $0 |
| Feb 17, 2026 | Schwartz Christina Chief Financial Officer | Sale 10b5-1 plan | 74,248 | $320.6K |
| Feb 17, 2026 | Bain Adam Director | Award | 9,918 | $0 |
| Feb 17, 2026 | Feder Eric Director | Award | 14,282 | $0 |
| Dec 31, 2025 | Schwartz Christina Chief Financial Officer | Award | 1,695,000 | $0 |
| Dec 31, 2025 | Schwartz Christina Chief Financial Officer | Award | 1,695,000 | $0 |
| Dec 22, 2025 | Matheson Lucas President | Award | 854,153 | $0 |
| Dec 22, 2025 | Matheson Lucas President | Award | 854,153 | $0 |
| Dec 10, 2025 | Nguyen Giang Chief Operating Officer | Award | 3,600,000 | $0 |
| Dec 10, 2025 | Nguyen Giang Chief Operating Officer | Award | 500,000 | $0 |
| Dec 10, 2025 | Nguyen Giang Chief Operating Officer | Award | 4,100,000 | $0 |
| Nov 17, 2025 | Schwartz Christina See Remarks | Sale | 73,951 | $584.0K |
| Nov 11, 2025 | Schwartz Christina See Remarks | Award | 400,641 | $0 |
| Nov 11, 2025 | Nejatian Kasra Chief Executive Officer | Purchase | 125,000 | $1.00M |
| Oct 15, 2025 | Schaub Sydney Chief Legal Officer | Tax withheld | 16,459 | $125.7K |
| Sep 26, 2025 | Wu Eric Chung-Wei Director | Purchase | 300,752 | $2.00M |
| Sep 15, 2025 | Schaub Sydney Chief Legal Officer | Tax withheld | 101,597 | $921.5K |
| Sep 15, 2025 | Nejatian Kasra Chief Executive Officer | Award | 40,886,344 | $0 |
| Sep 15, 2025 | Nejatian Kasra Chief Executive Officer | Award | 40,886,344 | $0 |
| Sep 15, 2025 | Nejatian Kasra Chief Executive Officer | Award | 1,580,611 | $0 |
| Sep 11, 2025 | Wu Eric Chung-Wei Director | Purchase | 451,127 | $3.00M |
| Aug 28, 2025 | Radhakrishna Shrisha President | Purchase | 1,600 | $7.1K |
| Aug 28, 2025 | Radhakrishna Shrisha President | Purchase | 28,400 | $121.3K |
| Jul 21, 2025 | Schaub Sydney Chief Legal Officer | Sale 10b5-1 plan | 30,000 | $105.0K |
| Jul 16, 2025 | Schaub Sydney Chief Legal Officer | Sale 10b5-1 plan | 125 | $164 |
| Jul 15, 2025 | Schaub Sydney Chief Legal Officer | Sale 10b5-1 plan | 17,236 | $17.3K |
| Jun 17, 2025 | Schaub Sydney Chief Legal Officer | Sale 10b5-1 plan | 517 | $286 |
| Jun 16, 2025 | WHEELER CARRIE Chief Executive Officer | Sale 10b5-1 plan | 671,164 | $376.5K |
| Jun 16, 2025 | Schaub Sydney Chief Legal Officer | Sale 10b5-1 plan | 110,932 | $62.2K |
| Jun 13, 2025 | Solomon Glenn Director | Award | 100,000 | $0 |
| Jun 13, 2025 | Feder Eric Director | Award | 100,000 | $0 |
| Jun 13, 2025 | HAMILTON DANA Director | Award | 100,000 | $0 |
| Jun 13, 2025 | Bain Adam Director | Award | 100,000 | $0 |
| Jun 13, 2025 | Keffer Pueo Director | Award | 100,000 | $0 |
| Jun 13, 2025 | Benson David C Director | Award | 100,000 | $0 |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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