Quarterly, Q1 2024 to Q2 2026. Dollar figures in millions. All figures come from Opendoor's earnings releases (Exhibit 99.1 to the 8-K) filed with the SEC; sources are listed at the bottom.
Dashed line: Kaz Nejatian appointed CEO on Sep 10, 2025, late in Q3 2025. Q4 2025 is his first full quarter.
Month-end closing price, January 2024 to October 21, 2026. The stock rose 67% on Sep 11, 2025, the day Opendoor filed the 8-K announcing Kaz Nejatian's appointment. September 2025 was its highest month-end close; it has since given back most of that gain.
US$ per share. Last point is the Oct 21, 2026 close. Hover for each month.
Contribution profit is what Opendoor keeps on homes sold after direct selling and holding costs. Adjusted EBITDA then subtracts the operating cost base.
Home sale proceeds. Volume fell sharply after Q2 2025.
Non-GAAP. Q2 2026 is the highest since Q2 2025.
Non-GAAP. Q2 2025 was the only positive quarter; Q2 2026 came close to breakeven.
Adjusted gross, contribution and adjusted EBITDA margin, % of revenue.
Opendoor holds every home it buys on its balance sheet until resale. Spread per home, time on market and write-downs show whether that inventory is priced well.
$ thousands per home. The spread Opendoor earns on each resale.
$ millions of homes held; hover for home count. Rebuilt 62% in Q2 2026 as purchases restarted.
% of homes listed for more than 120 days at quarter end. Opendoor cites 27% for the overall market in Q2 2026.
Write-downs booked on homes still held (current period) and reversals as previously written-down homes sell (prior periods).
Purchases today become revenue in later quarters. The cost lines show where operating spend moved.
Q2 2026 purchases were the highest in this window.
GAAP, excluding restructuring. G&A jumped from Q4 2025, in line with the new market-condition RSU expense.
From the net loss bridge Opendoor began reporting in 2025, Q2 2025 to Q2 2026 only.
Metrics Opendoor reports against its stated objectives. Single-quarter disclosures, so no trend chart.
Adjusted losses have narrowed, but GAAP losses have not. The difference is mostly stock compensation on market-condition RSUs, which began in Q3 2025, plus a one-off $933M debt-extinguishment loss in Q4 2025.
Non-GAAP. Narrowed three quarters in a row.
Q4 2025 bar clipped; it includes the $933M debt-extinguishment loss.
Regular SBC vs SBC for market-condition RSUs (stock-price-hurdle awards), as listed in the adjusted net loss reconciliation.
Weighted-average diluted shares, millions. Up 30% from Q3 2025 to Q2 2026.
Property financing (interest on debt funding homes held) and total GAAP interest expense, $ millions.
$ millions unless noted. Dashed rule marks the CEO change.