Overview
- Opendoor reported Q3 revenue of $915 million with a loss of $0.12 per share and cautioned that fourth-quarter losses will widen.
- The company registered 180.6 million new shares at $6.56 under its shelf, a material dilution flagged in an SEC filing.
- Shareholders of record on November 18 will receive three tradable warrants for every 30 shares, with $9, $13, and $17 strikes expiring in November 2026.
- CEO Kaz Nejatian said he and his family would buy $1 million of stock at the first eligible market open, while recent insider buys were disclosed with no sales reported.
- Shares jumped about 21% Monday after a supportive JPMorgan note highlighted a software-and-AI pivot and a path to breakeven by end-2026, with high short interest adding to volatility.