Opendoor Q2 FY26 net loss widens to $162 million; revenue drops 43.7% YoY to $883 million

Reuters2026/08/04 20:28

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Opendoor reported Q2 GAAP revenue of USD 883 million, down 44% year over year; GAAP net loss widened to USD 162 million.
GAAP gross profit fell to USD 86 million, while gross margin rose 1.5 percentage points to 9.7%.
Non-GAAP contribution profit declined to USD 51 million, while contribution margin rose 1.4 percentage points to 5.8%.
Non-GAAP adjusted EBITDA was a loss of USD 4 million, swinging from a profit, while non-GAAP adjusted net loss widened to USD 30 million.
Acquisition contracts totaled 6,908 on USD 5 million of marketing spend; Opendoor reiterated a target to be adjusted net income positive by end-2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Opendoor Technologies Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202608041605PRIMZONEFULLFEED9803630) on August 04, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Opendoor Q2 FY26 net loss widens to $162 million; revenue drops 43.7% YoY to $883 million

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