Opendoor Technologies has gained more than 18% over the past month, driven by strong housing data and improved unit economics. The company was included in the Russell 3000 index on May 27, effective at market close on June 26, 2026. For its fiscal first quarter of 2026, Opendoor posted $720 million in revenue, topping the consensus of $667.16 million, and an EPS of negative $0.05, ahead of the expected negative $0.06. Management noted signing its largest volume of home acquisition contracts since 2022, roughly double the previous quarter, and highlighted that resale margins have improved every month since September 2025, with March 2026 posting the best contribution margin in nearly two years. Aged inventory dropped from 51% in the third quarter of 2025 to just 10%, and the company expects to reach Adjusted EBITDA breakeven in the second quarter of 2026 and aims for positive adjusted net income on a 12-month basis by year-end.
Opendoor Technologies IncLargest volume of home acquisition contracts since 2022, roughly double the previous quarter, indicating strong end-customer demand.