Overview
- Shares fell 12% in January, according to S&P Global Market Intelligence, following a retail-driven surge in 2025.
- With no new company disclosures, attention has turned to next week’s fourth-quarter earnings as the next catalyst.
- The housing slowdown tied to high mortgage rates has weighed on listings and transaction volumes, pressuring Opendoor’s iBuying operations.
- The most recent quarter reported showed a 34% revenue decline to $913 million, 2,568 homes sold, 3,139 homes in inventory, 7.2% gross margin, and a $61 million net loss.
- New CEO Kaz Nejatian is pursuing scale, faster turnover, and AI-led efficiencies, even as a newly highlighted bearish thesis argues the model remains structurally unprofitable.