Opendoor Q3: gross profit per home sold fell to about $13.9k from $25.7k while it bought 1.8 homes per sale
Opendoor (OPEN) reported third-quarter results on Thursday: revenue of $1.02 billion (+12%), with 4,865 homes bought and 2,728 sold.
Gross profit works out to about $13.9k per home sold, down from about $25.7k a year ago. Buying 1.8 homes for every one you sell only works if the spring market shows up. Not financial advice.
https://www.inman.com/2026/11/06/opendoor-earnings/
Sources: Opendoor IR: Q3 revenue $1,022M; gross profit $38M vs $66M; homes sold 2,728 vs 2,568; Q4 adj. EBITDA loss $70-85M · @ssj2abid: $OPEN Q3 was okay ish but the guidance put me on tilt · @MrNeverSell: watched the $OPEN earnings call; satisfied as a shareholder
Not financial advice. For informational and educational purposes only.
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