Opendoor Technologies Inc.

Q2 revenue of $883M (+23% QoQ, -44% YoY on a deliberate volume reset toward unit economics); 6,908 acquisition contracts (+77% QoQ) with 4,378 homes acquired and 2,339 sold; Contribution Profit of $51M (+59% QoQ) at a 5.8% margin (+140bps QoQ and YoY); net loss of $162M, adjusted net loss of $30M and adjusted EBITDA of -$4M; listings over 120 days down to 9% (vs 27% market-wide); per-contract marketing+ops cost at an all-time low. Guideposts: ANI positive on a twelve-month go-forward basis by end of 2026; Q3 revenue up 20% or more YoY with Contribution Profit more than doubling at a 4–4.5% margin.