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Opendoor Highlights Progress Toward Breakeven With Opendoor 2.0

Story Highlights
  • Opendoor’s Q4 2025 results showed faster growth in home acquisitions, improved resale velocity and lower fixed operating costs, even as revenue and volumes trailed 2024.
  • The October 2025 cohort is tracking as Opendoor’s strongest October by contribution margin, with homes selling more than twice as fast as a year earlier, bolstering management’s confidence in reaching breakeven by late 2026.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Opendoor Highlights Progress Toward Breakeven With Opendoor 2.0

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Opendoor Technologies ( (OPEN) ) just unveiled an announcement.

On February 19, 2026, Opendoor reported fourth-quarter and full-year 2025 results, highlighting that its “Opendoor 2.0” model has begun to deliver higher acquisition growth, faster inventory turns and stronger unit economics. Homes purchased rose 46% quarter over quarter, the share of properties on the market more than 120 days fell from 51% to 33%, and fixed operating expenses declined to $35 million in Q4 2025 from $43 million a year earlier, even as revenue and volumes remained below 2024 levels.

Management pointed to the October 2025 acquisition cohort as the best-performing October in company history by contribution margin, with homes selling at more than twice the pace of the October 2024 cohort and over half already sold or under resale contract. Despite a net loss of $1.1 billion for the quarter and $1.3 billion for 2025, Opendoor stressed structural operational improvements, reduced capital intensity through its Cash Plus offering, and stable operating leverage as key steps toward its goal of reaching breakeven adjusted net income by the end of 2026 on a rolling 12-month basis.

The most recent analyst rating on (OPEN) stock is a Hold with a $5.00 price target. To see the full list of analyst forecasts on Opendoor Technologies stock, see the OPEN Stock Forecast page.

Spark’s Take on OPEN Stock

According to Spark, TipRanks’ AI Analyst, OPEN is a Neutral.

Opendoor Technologies is navigating a challenging financial landscape with declining revenues and persistent net losses. Despite improvements in cash flow and leverage management, the technical indicators suggest bearish momentum. The company’s strategic pivot and focus on operational efficiency and product innovation provide a more optimistic outlook, but achieving profitability remains a critical challenge.

To see Spark’s full report on OPEN stock, click here.

More about Opendoor Technologies

Opendoor Technologies Inc., listed on Nasdaq as OPEN, operates as a leading e-commerce platform for residential real estate transactions. The San Francisco-based company focuses on simplifying home buying and selling by directly purchasing, holding and reselling homes, while increasingly emphasizing direct-to-consumer relationships and an expanded product suite to drive transaction velocity and unit economics.

Average Trading Volume: 64,244,054

Technical Sentiment Signal: Hold

Current Market Cap: $4.13B

For an in-depth examination of OPEN stock, go to TipRanks’ Overview page.

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