Opendoor (OPEN) Stock Surges 17% on Strong Q4 Earnings Despite Net Loss
Opendoor Technologies Inc. (OPEN) shares soared nearly 18% Friday after the real estate platform reported better-than-expected Q4 revenue, overshadowing a significant GAAP net loss. The company posted $736 million in quarterly revenue, surpassing analyst estimates of $595 million despite a 32% year-over-year decline. A $933 million debt extinguishment charge contributed to the $1.1 billion net loss.
CEO Kaz Nejatian framed the results as validation of Opendoor's path to sustainable profitability, citing improved pricing accuracy and inventory turnover. The market responded favorably to management's 2026 roadmap targeting positive adjusted net income, with Q1 2026 EBITDA losses projected between $30-$35 million.