Overview
- Shares have surged more than 340% since January after a summer social‑media boost, yet the stock remains about 80% below its 2021 peak.
- CEO Kaz Nejatian’s three‑point plan targets buying and selling more homes, faster turnover, and tighter expense control to reach profitability.
- Over the past four quarters, Opendoor reported an EBITDA loss of $149 million and a net loss of $317 million on $4.7 billion in revenue.
- The iBuying model relies on debt to carry inventory, making results highly sensitive to turnover speed and borrowing costs, with lower mortgage rates seen as a potential tailwind.
- Analysts are set to track EBITDA and net‑income trends through 2026, as management has indicated losses may persist into next year and mortgage‑rate moves could influence demand and carrying costs.