Opendoor Technologies ( (OPEN) ) has issued an announcement.
Opendoor Technologies reported its financial results for the fourth quarter and full year of 2024 on February 27, 2025. The company made significant strides in reducing adjusted net losses and achieved year-over-year revenue growth despite a challenging housing market. Key highlights include a 26% decrease in annual revenue to $5.2 billion and a net loss of $392 million for 2024. The company also reported improvements in contribution profit and adjusted EBITDA. Entering 2025, Opendoor aims to achieve sustained profitability by optimizing its operations and cost structure, while continuing to strengthen its position as a leading digital platform for home sellers.
More about Opendoor Technologies
Opendoor Technologies Inc. is a leading e-commerce platform specializing in residential real estate transactions. Since its inception in 2014, the company has provided a simple and certain way for people across the U.S. to buy and sell homes. Opendoor operates nationwide and is focused on innovating and leading the future of real estate.
YTD Price Performance: -3.14%
Average Trading Volume: 39,430,145
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $1.1B
Learn more about OPEN stock on TipRanks’ Stock Analysis page.