Opendoor Technologies Inc. (OPEN) reported second-quarter 2026 revenue of $883 million, up 23% from the prior quarter, and a net loss of $162 million for the quarter ended June 30, 2026.
The company said it delivered on its Q2 guideposts for acquisition contracts, revenue, margin and adjusted EBITDA. Opendoor also said it expects to be adjusted net income positive on a twelve-month go-forward basis at the end of 2026.
- Revenue was $883 million, compared with $720 million in Q1 2026 and $1.57 billion in Q2 2025.
- Net loss was $162 million, compared with $173 million in Q1 2026 and $29 million in Q2 2025.
- Basic and diluted net loss per share were both $0.17.
- Homes purchased rose to 4,378, up 77% sequentially and 149% year over year.
- Homes sold totaled 2,339, compared with 4,299 a year earlier.
- Gross profit was $86 million, with gross margin of 9.7%.
- Opendoor generated 6,908 acquisition contracts in Q2 2026 on $5 million of marketing spend.
- For Q3 2026, the company expects revenue to increase at least 20% year over year.
$OPEN Insider Trading Activity
$OPEN insiders have traded $OPEN stock on the open market 4 times in the past 6 months. Of those trades, 0 have been purchases and 4 have been sales.
Here’s a breakdown of recent trading of $OPEN stock by insiders over the last 6 months:
- CHRISTINA SCHWARTZ (Chief Financial Officer) sold 74,248 shares for an estimated $320,632
- DAVID C BENSON sold 40,000 shares for an estimated $193,364
- GIANG NGUYEN (Chief Operating Officer) has made 0 purchases and 2 sales selling 14,457 shares for an estimated $67,311.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.
$OPEN Hedge Fund Activity
We have seen 175 institutional investors add shares of $OPEN stock to their portfolio, and 153 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- MORGAN STANLEY added 51,188,766 shares (+99.2%) to their portfolio in Q1 2026, for an estimated $239,563,424
- RENAISSANCE TECHNOLOGIES LLC removed 27,519,500 shares (-70.0%) from their portfolio in Q1 2026, for an estimated $128,791,259
- QUBE RESEARCH & TECHNOLOGIES LTD added 8,859,070 shares (+682.9%) to their portfolio in Q1 2026, for an estimated $41,460,447
- MILLENNIUM MANAGEMENT LLC added 5,977,711 shares (+123.0%) to their portfolio in Q1 2026, for an estimated $27,975,687
- LENNAR CORP /NEW/ removed 5,251,136 shares (-28.0%) from their portfolio in Q1 2026, for an estimated $24,575,316
- DAIWA SECURITIES GROUP INC. added 4,666,343 shares (+inf%) to their portfolio in Q2 2026, for an estimated $21,558,504
- DIMENSIONAL FUND ADVISORS LP added 4,461,757 shares (+96.7%) to their portfolio in Q1 2026, for an estimated $20,881,022
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
