Equity Profile

OPEN

Opendoor Technologies Inc.

Real EstateReal Estate Services$4.4B

May7Thu

Post-Earnings Recap

ReportedQ1-2026After Close4:05 PM EDT

Opendoor Technologies Inc. Misses on EPS, Stock Down 2.56%

Metric	Actual	Expected	Surprise
EPS	$-0.18	$-0.06	-146.58%
Revenue	—	$667M	—

management commentary, guidance changes, and full analysis available with Pro.

Opendoor Technologies Inc. Misses on EPS, Stock Down 2.56%

Key Numbers

Metric	Actual	Expected	Surprise
EPS	$-0.18	$-0.06	-146.58%
Revenue	—	$667M	—

Management Commentary

Tone: Unknown

No transcript is on record, and the analysis is based on numerical results only.

What It Means

Opendoor's earnings report showed a significant miss on EPS, which may raise concerns among investors about the company's profitability. The stock reacted negatively, declining by 2.56%. With no revenue reported and no guidance provided, uncertainty about future performance remains high.

Company Snapshot

Opendoor Technologies Inc. operates in the real estate sector, focusing on simplifying the home buying and selling process through technology....

Key Metrics to Watch

EPS

Earnings per share (EPS) is a key indicator of the company's profitability and financial health.

$-0.06

Revenue

Revenue figures provide insight into the company's sales performance and market demand.

$667M

Wall Street expectations, options signals, track record, and call prep available with Pro.

Original Pre-Earnings Preview

Context

Company Snapshot

Opendoor Technologies Inc. operates in the real estate sector, focusing on simplifying the home buying and selling process through technology. With a market cap of $5 billion, the company is part of a growing trend towards digital solutions in real estate, which has gained traction as consumers increasingly prefer online transactions.

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

50%

Avg EPS Surprise

-150.38%

Avg Stock Reaction

-3.04%

Last Quarter Recap

In the last quarter, Opendoor reported an EPS of $-1.26, significantly missing expectations. The stock reacted positively the next day, gaining 0.43%, despite the disappointing results.

Management Promises & Guidance

Expectations

Wall Street Expectations

Analysts expect Opendoor to report a slight loss this quarter, with a consensus EPS of $-0.06 and revenue around $667 million. The market is closely watching for any signs of improvement in profitability and sales.

Bull Case

If Opendoor can beat EPS expectations and show revenue growth, it may signal a turnaround in its financial performance, boosting investor confidence.

Bear Case

Conversely, if the company misses estimates again, it could raise concerns about its business model and sustainability in a competitive market.

Key Metrics to Watch

EPS

$-0.06

Earnings per share (EPS) is a key indicator of the company's profitability and financial health.

Revenue

$667M

Revenue figures provide insight into the company's sales performance and market demand.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will Opendoor achieve a revenue figure above $667 million?

This number is critical as it reflects the company's ability to generate sales and could influence investor sentiment.

Can Opendoor narrow its EPS loss closer to the consensus estimate of $-0.06?

A smaller loss could indicate improving operational efficiency and may reassure investors about the company's future.

Edge

What the Street Is Missing

Why consensus could be wrong

The consensus may underestimate the potential for revenue growth due to increased demand for digital real estate solutions, which could drive better-than-expected results.

Supporting Evidence

The options market is pricing in a 13.33% move, indicating expectations for volatility that may not align with current sentiment.

Opendoor's recent operational changes may not yet be fully reflected in analyst estimates, suggesting potential upside.

Key Risk

If revenue comes in above $667 million, it could challenge the current bearish sentiment and shift market perceptions.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The core debate this quarter revolves around whether Opendoor can demonstrate a path to profitability amidst ongoing market challenges.

Bull Confirmed If

A revenue figure exceeding $667 million and an EPS loss of less than $-0.06 would confirm the bull case.

Bear Confirmed If

An EPS loss greater than $-0.06 and revenue below $653 million would support the bear case.

Pre-Earnings Positioning

Options Market

Implied Move

±13.33%

Historical Avg

±5.0%

Pricing rich

The options market is pricing in a significant potential move, suggesting that investors expect volatility around the earnings report.

Options are pricing ±13.3% while OPEN has averaged ±5.0% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

3.2%

30d HV

64.3%

Calls (10.0M)P/C Ratio: 0.26Puts (2.2M)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Opendoor beats expectations, history suggests the stock could rise by around 1.9%, confirming a positive outlook.

In-Line / Cautious

A cautious in-line report may lead to muted reactions, as investors await clearer guidance on future performance.

Miss

If the company misses estimates, history indicates a potential decline of about 4.4%, raising concerns about its business model.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on operational efficiency improvements and cost management strategies.
2Insights into market demand trends for home buying and selling.
3Details on customer acquisition costs and sales conversion rates.
4Management's outlook on the competitive landscape in the real estate sector.
5Any commentary on future guidance or strategic initiatives.

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Company Snapshot

Opendoor Technologies Inc. operates in the real estate sector, focusing on simplifying the home buying and selling process through technology....

Key Metrics to Watch

EPS

Earnings per share (EPS) is a key indicator of the company's profitability and financial health.

$-0.06

Revenue

Revenue figures provide insight into the company's sales performance and market demand.

$667M

Wall Street expectations, options signals, track record, and call prep available with Pro.

Original Pre-Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

50%

Avg EPS Surprise

-150.38%

Avg Stock Reaction

-3.04%

Last Quarter Recap

In the last quarter, Opendoor reported an EPS of $-1.26, significantly missing expectations. The stock reacted positively the next day, gaining 0.43%, despite the disappointing results.

Management Promises & Guidance

Expectations

Wall Street Expectations

Bull Case

If Opendoor can beat EPS expectations and show revenue growth, it may signal a turnaround in its financial performance, boosting investor confidence.

Bear Case

Conversely, if the company misses estimates again, it could raise concerns about its business model and sustainability in a competitive market.

Key Metrics to Watch

EPS

$-0.06

Earnings per share (EPS) is a key indicator of the company's profitability and financial health.

Revenue

$667M

Revenue figures provide insight into the company's sales performance and market demand.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will Opendoor achieve a revenue figure above $667 million?

This number is critical as it reflects the company's ability to generate sales and could influence investor sentiment.

Can Opendoor narrow its EPS loss closer to the consensus estimate of $-0.06?

A smaller loss could indicate improving operational efficiency and may reassure investors about the company's future.

Edge

What the Street Is Missing

Why consensus could be wrong

The consensus may underestimate the potential for revenue growth due to increased demand for digital real estate solutions, which could drive better-than-expected results.

Supporting Evidence

The options market is pricing in a 13.33% move, indicating expectations for volatility that may not align with current sentiment.

Opendoor's recent operational changes may not yet be fully reflected in analyst estimates, suggesting potential upside.

Key Risk

If revenue comes in above $667 million, it could challenge the current bearish sentiment and shift market perceptions.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The core debate this quarter revolves around whether Opendoor can demonstrate a path to profitability amidst ongoing market challenges.

Bull Confirmed If

A revenue figure exceeding $667 million and an EPS loss of less than $-0.06 would confirm the bull case.

Bear Confirmed If

An EPS loss greater than $-0.06 and revenue below $653 million would support the bear case.

Pre-Earnings Positioning

Options Market

Implied Move

±13.33%

Historical Avg

±5.0%

Pricing rich

The options market is pricing in a significant potential move, suggesting that investors expect volatility around the earnings report.

Options are pricing ±13.3% while OPEN has averaged ±5.0% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

3.2%

30d HV

64.3%

Calls (10.0M)P/C Ratio: 0.26Puts (2.2M)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Opendoor beats expectations, history suggests the stock could rise by around 1.9%, confirming a positive outlook.

In-Line / Cautious

A cautious in-line report may lead to muted reactions, as investors await clearer guidance on future performance.

Miss

If the company misses estimates, history indicates a potential decline of about 4.4%, raising concerns about its business model.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on operational efficiency improvements and cost management strategies.
2Insights into market demand trends for home buying and selling.
3Details on customer acquisition costs and sales conversion rates.
4Management's outlook on the competitive landscape in the real estate sector.
5Any commentary on future guidance or strategic initiatives.