Opendoor Technologies Inc (OPEN) reported disappointing financial results for the third quarter of fiscal 2025. The company posted an earnings per share (EPS) of $-0.08, falling short of Wall Street's consensus estimate of $-0.07 by $0.01. Revenue matched expectations at $0.9 billion but did not signify growth, as it also failed to exceed analyst forecasts.
The results highlight ongoing challenges for the company, which is engaged in the online buying, selling, and trading of residential properties. Headquartered in Tempe, Arizona, Opendoor employs 1,470 full-time staff and has built a technology platform to facilitate a digital, on-demand experience for real estate transactions. Its offerings include Sell to Opendoor, List with Opendoor, and Opendoor Marketplace, which aim to simplify the home-selling process for homeowners.
The company will host an earnings conference call to discuss these results and provide further insights into its business performance. Investors are encouraged to review the full earnings release and management commentary to gain a comprehensive understanding of the quarter's performance and future outlook.
Looking ahead, Opendoor is expected to report its next earnings on 2 August 2026, with an EPS estimate of $-0.0561 and revenue projected at $1.2 billion.