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Opendoor Sees 33% Revenue Drop Amid Housing Slump

11/14/2025

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Summary

Story summary

Opendoor Technologies Inc. reported a 33% decline in Q3 2025 revenue to $915 million, despite beating internal guidance.
Net loss rose to $90 million and gross profit fell 37%, amid high rates and a sluggish housing market.
Kasra Nejatian, Opendoor Technologies Inc.’s CEO, said the company is returning to a product-driven approach.
Insider buying by Nejatian sparked investor enthusiasm, but the 2026 outlook remains challenging without a market recovery.

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Story summary

Opendoor Technologies Inc. reported a 33% decline in Q3 2025 revenue to $915 million, despite beating internal guidance.
Net loss rose to $90 million and gross profit fell 37%, amid high rates and a sluggish housing market.
Kasra Nejatian, Opendoor Technologies Inc.’s CEO, said the company is returning to a product-driven approach.
Insider buying by Nejatian sparked investor enthusiasm, but the 2026 outlook remains challenging without a market recovery.