In Q2 2025, Opendoor achieved $1.6 billion in revenue, a 4% increase, and reduced its net loss to $29 million from $92 million in Q2 2024. The company reached adjusted EBITDA profitability for the first time in three years, posting a profit of $23 million. Opendoor sold 4,299 homes, up by 5%, while decreasing its inventory to 4,538 properties, a 32% year-over-year drop. A new strategy involves transitioning to a distributed platform that provides agents with enhanced offerings and the ability to offer sellers more choices, increasing efficiency and profitability.
During the second quarter of 2025, Opendoor recorded $1.6 billion in revenue, up 4% annually, and a net loss of $29 million, an improvement over its $92 million net loss record in Q2 2024.
Opendoor's first quarter of adjusted EBITDA profitability in three years featured an adjusted EBITDA profit of $23 million, amid selling 4,299 homes during the quarter.
The strategic shift from a single product to a distributed platform with multiple offerings delivered through agents aims to empower agents and improve customer options.
Wheeler emphasized that sellers can now choose a cash offer, a market listing, or a hybrid of both, effectively providing more choices, speed, and certainty.
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