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Opendoor Technologies (DE:25M)
FRANKFURT:25M
RESEARCH TOOLSreports
Earnings Data
Report Date
May 01, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.12Last Year’s EPS
-0.15Same Quarter Last Year
Based on 9 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 27, 2025
|% Change Since: -23.98%
|Next Earnings Date:May 01, 2025
Earnings Call Sentiment|Neutral
Opendoor demonstrated strong operational improvements and financial performance with increased home purchases, improved contribution margins, and reduced losses. However, the company faced significant challenges due to a slower housing market start in 2025, increased delistings, and high old inventory levels. The sentiment is balanced as positive internal achievements are countered by external market pressures.Company Guidance
During Opendoor Technologies' Fourth Quarter 2024 earnings call, the company reported a revenue of $1.1 billion, marking a 25% increase from the same quarter in 2023, with 2,822 homes sold and an acquisition of 2,951 homes. For the full year, revenue was $5.2 billion, down from $6.9 billion in 2023, while they acquired 14,684 homes, a 31% increase year-over-year. Contribution profit for Q4 was $38 million, with a contribution margin of 3.5%, and for the entire year, it was $242 million, improving from a loss of $258 million in 2023. Adjusted EBITDA loss for Q4 was $49 million, a $20 million improvement from the previous year, and $142 million for the year, significantly better than the $627 million loss in 2023. The company ended the year with 6,417 homes in inventory valued at $2.2 billion and $1.1 billion in total capital. Looking ahead to Q1 2025, Opendoor expects revenue between $1 billion and $1.075 billion, with a contribution margin ranging from 4% to 4.7%, while forecasting home acquisitions of over 3,500. The company continues to focus on optimizing contribution profit, refining their approach amidst a slower housing market, and leveraging new revenue opportunities, such as their List with Opendoor and Marketplace expansions.Increased Home Purchases
Opendoor purchased 30% more homes in 2024 compared to 2023, showing strong acquisition momentum despite macroeconomic challenges.
Improved Contribution Margin
Contribution margin improved to 4.7% in 2024, up from negative 3.7% in 2023, indicating better unit economics and operational efficiency.
Revenue Growth in Q4
Opendoor's Q4 revenue was $1.1 billion, up 25% from the same quarter in 2023, driven by 2,822 homes sold.
Significant Reduction in Adjusted EBITDA Loss
The company reduced its adjusted EBITDA loss to $142 million in 2024 from $627 million in 2023, showing a strong improvement in financial performance.
Successful Debt Facility Amendments
Opendoor successfully renewed and extended the terms of several debt facilities, showing confidence from capital partners.
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DE:25M Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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DE:25M Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 27, 2025 | €1.45 | €1.26 | -12.79% |
| Nov 07, 2024 | €1.70 | €1.65 | -2.71% |
| Aug 01, 2024 | €2.13 | €1.79 | -16.14% |
| May 02, 2024 | €1.83 | €2.22 | +21.06% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Opendoor Technologies (DE:25M) report earnings?
Opendoor Technologies (DE:25M) is schdueled to report earning on May 01, 2025, TBA Not Confirmed.
What is Opendoor Technologies (DE:25M) earnings time?
Opendoor Technologies (DE:25M) earnings time is at May 01, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of Opendoor Technologies stock?
The P/E ratio of Opendoor Technologies is N/A.
What is DE:25M EPS forecast?
DE:25M EPS forecast for the fiscal quarter 2025 (Q1) is -0.12.
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