Opendoor Technologies reports Q3 2026 earnings miss and margin pressure
+1 new source since this summary was written
Opendoor Technologies posted Q3 2026 GAAP earnings of a $0.23 loss per share, missing consensus by $0.06. Revenue rose 12% year‑over‑year to $1.02 billion, but fell short of the $1.09 billion estimate. Gross margin slipped to 3.7% and adjusted EBITDA turned to a $31 million loss. Management said a weaker housing market and higher inventory costs are weighing on margins and pushed the stock down sharply.
Why it matters
The earnings miss and widening loss signal continued cash‑burn pressure, which could constrain Opendoor’s ability to fund inventory purchases. Analysts note that the lower margins and larger loss may keep the stock volatile in the near term.
Key facts
- 1GAAP EPS was a loss of $0.23 per share, missing estimates by $0.06. seekingalpha.com
- 2Revenue was $1.02 billion, up 12% year‑over‑year. seekingalpha.com
- 3Adjusted EBITDA was a loss of $31 million. finance.yahoo.com
- 4Gross margin fell to 3.7% from 7.2% a year earlier. finance.yahoo.com
- 5Net loss widened to $218 million from $90 million the prior year. finance.yahoo.com
- 6The company sold 2,728 homes and purchased 4,865 homes in the quarter. investing.com
Summary written by AlphAI AI Desk from 6 of 6 sources. Not investment advice. Figures are as stated by the linked sources.