Opendoor Technologies reported signing more than 500 home purchase contracts per week, with the prior week reaching around 700, its strongest weekly tally in years and more than five times the level seen a year ago. On its second-quarter 2026 earnings call, management said the company generated 6,908 acquisition contracts, up from 5,136 in the first quarter, while homes purchased rose 77% sequentially and 149% year over year to 4,378. The company ended the quarter with 2,310 homes under contract to purchase, compared with 393 a year earlier, and spent just $5 million on marketing while producing more than 6,900 acquisition contracts. Management expects third-quarter 2026 contribution margin of about 4% to 4.5%, revenues to grow at least 20% year over year, and contribution profit to more than double. Opendoor shares have lost 23.9% in the past six months and trade at a forward price-to-sales multiple of 0.54, significantly below the industry average of 4.08.
Opendoor Technologies IncOpendoor reports record weekly contracts and strong purchase growth, indicating robust demand for its services.
Compass Inc
Rocket Companies Inc