Opendoor Technologies (OPEN) reported its Q4 2025 earnings after the market closed yesterday, revealing a mixed bag that greatly excited investors. While revenue came in at $736 million, surpassing Wall Street estimates of around $594 million, the company posted a significant GAAP net loss of $1.1 billion, far wider than anticipated due to debt extinguishment costs. Adjusted EPS showed a smaller loss of $0.07 per share, better than the expected $0.08 loss, but the headline miss on unadjusted earnings overshadowed this.
Despite the red ink, shares are surging. OPEN stock was up 14% in premarket trading and currently sits up over 8% for the day, fueled by a 46% quarter-over-quarter increase in home acquisitions to 1,706 units, signaling a robust rebound in its core iBuying operations amid improving housing market dynamics.
