Explore the latest developments concerning Opendoor’s (NASDAQ:OPEN) Q1.
Opendoor’s (NASDAQ:OPEN) Q1 CY2026 Sales Beat Estimates
Technology real estate company Opendoor (NASDAQ: OPEN) announced better-than-expected revenue in Q1 CY2026, but sales fell by 37.6% year on year to $720 million. Its GAAP loss of $0.18 per share was 86.6% below analystsâ consensus estimates.
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âAs of April 1st, Opendoor is adjusted EBITDA profitable, on a 12-month go-forward basis. The October cohort was just the start. A full quarter later, weâve gone from a claim to a track record. Our 4Q25 and January 2026 cash acquisition cohorts have the best combination of margin, margin stability, and resale velocity of any corresponding cohort in company history (excluding the COVID-era cohorts)1. And, each of our October, November, December, and January cohorts are selling faster than any corresponding cohort since COVID. Acquisition contracts are up 2x quarter-over-quarter, back to levels we havenât seen since 2022. Aged inventory has been cut from half the book to one-tenth while scaling volume. As a result, resale contribution margin is at its highest level in nearly two years,â said Kaz Nejatian, CEO of Opendoor.
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