Opendoor Technologies Inc
7.65-0.32 (-4.02%)
Oct 29, 4:00:00 PM EDT · NasdaqGS · OPEN · USD
Key Stats
Market Cap
5.68BP/E (TTM)
-Basic EPS (TTM)
-0.43Dividend Yield
0%Recent Filings
8-K
Opendoor settles derivative suits
Opendoor Technologies secured preliminary court approval on September 11, 2025, for a global settlement of shareholder derivative lawsuits alleging fiduciary breaches and misleading disclosures tied to its 2020 SPAC merger. The deal mandates corporate governance reforms—like forming a compliance committee, appointing a head of internal audit, and benchmarking best practices—adopted within 90 days and maintained for four years, while defendants' insurers cover $1.95 million in plaintiffs' fees. Reforms bolster oversight of real estate compliance and financial controls, shielding the board from further suits. No cash payout to shareholders.
8-K
Opendoor's nationwide expansion
Opendoor Technologies announced plans on September 16, 2025, to expand its iBuying services across the entire continental U.S. in the coming weeks, offering direct cash deals, cash-plus options, or partner agent listings. This move aims to broaden market reach amid housing market uncertainties. Forward-looking statements highlight risks like economic downturns and financing challenges. Expansion hinges on securing capital.
8-K
Opendoor appoints Nejatian CEO
Opendoor Technologies appointed Kaz Nejatian as CEO effective by October 7, 2025, bringing his Shopify COO experience to drive AI-enhanced real estate operations, while co-founders Keith Rabois and Eric Wu rejoined the board with Rabois as chairman. The company raised $41 million via private placement of 6,165,412 common shares to Khosla Ventures, Wu, and others, funding business investments amid board reshuffles including two resignations. New leadership injects founder energy. Forward-looking statements highlight AI potential but note economic risks like housing market volatility.
8-K
CEO Wheeler steps down abruptly
Opendoor Technologies announced on August 15, 2025, that CEO Carrie Wheeler stepped down, citing no disagreements with operations. The board appointed Shrisha Radhakrishna, former Chief Technology & Product Officer, as interim principal executive officer, while launching a search for a permanent successor; Eric Feder became Lead Independent Director. Wheeler will advise through year-end for $62,500 monthly. Transition demands steady leadership amid real estate volatility.
8-K
Opendoor Q2 profitability pivot
Opendoor reported Q2 2025 revenue of $1.6 billion, up 4% from last year, with 4,299 homes sold amid worsening housing conditions. Adjusted EBITDA turned positive at $23 million, the first profitable quarter since 2022, while inventory dropped 32% to $1.5 billion. The company pivoted to an agent-led platform for broader reach and capital-light revenue, but expects Q3 revenue of $800-875 million and negative EBITDA due to macro pressures. Acquisitions slowed sharply.
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