Opendoor Technologies Forecasts Modest Growth Despite Market Challenges

Published 2 days agoOPEN

Opendoor Technologies Forecasts Modest Growth Despite Market Challenges

Opendoor Technologies Inc. has shared its financial expectations for the first quarter of 2025, projecting revenue between $1.0 billion and $1.075 billion. The company anticipates a contribution profit ranging from $40 million to $50 million, with a margin of about 4% to 4.7%. However, Opendoor expects to report an adjusted EBITDA loss of between $40 million and $50 million along with adjusted operating expenses totaling around $90 million. Notably, its non-cash stock-based compensation expense is forecasted to drop by more than 50% year-over-year, estimated to be between $13 million and $15 million.

In terms of operational plans, Opendoor aims to acquire over 3,500 homes in the first quarter, reflecting slight growth compared to the previous year. When bulk purchases from last year are excluded, this translates to more than 10% growth year-over-year. MarketBeat highlighted that these figures represent part of Opendoor's ongoing strategy to adapt its business model and improve cost-efficiency amid a challenging real estate market.

These financial projections and strategic adjustments are part of Opendoor's broader efforts to streamline operations in response to ongoing housing market difficulties, all while striving to achieve long-term profitability. As reported by Nasdaq, these initiatives align with the company's aim to enhance its financial health and market position moving forward.

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