Opendoor Q3 revenue rises 12% to $1.02 billion; net loss widens to $218 million
Opendoor reported third-quarter 2026 results on November 5, 2026. Revenue rose 12% year-over-year to $1.02 billion, but the net loss widened to $218 million from $90 million a year earlier, and gross profit fell to $38 million from $66 million. The company guided to fourth-quarter revenue growth of at least 40% and an Adjusted EBITDA loss of $70 million to $85 million, and said it is behind its goal of positive Adjusted Net Income by the end of 2026.
Key points
- Q3 2026 revenue of $1,022 million, up from $915 million in Q3 2025; homes purchased rose to 4,865 from 1,169.
- Net loss of $218 million versus $90 million a year earlier; gross margin was 3.7% compared with 7.2%.
- Q4 2026 outlook: revenue growth of at least 40% year-over-year and an Adjusted EBITDA loss of $70 million to $85 million.
- Company said it is "currently behind" its goal of Adjusted Net Income positive by the end of 2026.
The filing
Written by AI on Nov 9, 2026, 11:43 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 05, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.