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OPENBearishEarningsnews
High materiality7/10

Opendoor Q3 2026: Narrow loss, better unit economics but soft guidance

Nov 5, 2026, 5:13 PM EST1 sourcesAI-analyzed
Why it may matterVerify against the original reporting

Revenue miss and below-consensus Q4 guidance pressure near-term sentiment; after-hours decline confirms price sensitivity to top-line trajectory, despite an EPS beat and improving cost structure.

AI summary

What happened, with direct paths to the underlying reporting

Opendoor posted Q3 2026 results with a -$0.07 loss per share on $1.02B revenue, beating the expected -$0.15. Homes purchased surged 316% to 4,865 as Opendoor 2.0 improves unit economics, with marketing per acquired home at $2,800 and ops $4,000. Yet Q4 revenue guidance of over $1.03B trails a $1.12B consensus, keeping near-term sentiment cautious.

  • Revenue $1.02B vs $1.05B est; EPS -$0.07 vs -$0.15 est.
  • Homes purchased up 316% YoY to 4,865.
  • Acquisition volume share 0.56% in Q3 2026, ~4.4x prior year.
  • Marketing per acquired home $2,800; operations $4,000.
  • Q4 revenue guide >$1.03B vs est $1.12B.

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