Opendoor: Revenue Jumps, Loss Widens
Opendoor Technologies posted mixed Q4 2024 results, exceeding revenue expectations but maintaining a net loss.
Opendoor Technologies (NASDAQ:OPEN), a pioneer in the digital residential real estate space, released its fourth-quarter results on Feb. 27, 2025. The company reported a revenue surge to $1.1 billion, surpassing the $982 million estimate, reflecting a 25.9% year-over-year increase from $870 million in the previous year. However, the company posted a diluted earnings per share (EPS) of -$0.16, matching analyst expectations. The quarter showed improvement in operational efficiencies but highlighted the challenges of navigating a volatile housing market, resulting in a net loss of $113 million.
Source: Analyst estimates provided by FactSet. Management expectations based on management's guidance, as provided in the 2024-11-07 earnings report.
Opendoor Technologies uses a digital-first approach to real estate transactions. The company offers home sellers a straightforward, on-demand experience by leveraging advanced technology and data science. Operating in 50 markets across the US, Opendoor aims to revolutionize residential real estate transactions, traditionally dominated by offline processes.
