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Opendoor Technologies (OPEN) guidance and outlook

Opendoor Technologies (OPEN) gave its guidance on Nov 5, 2026: Revenue +40% for Q4 2026; EBITDA $70.0M–$85.0M for Q4 2026; Stock-based compensation $90.0M for Q4 2026. Opendoor Technologies' 10-Q filed Nov 5, 2026 makes 17 forward-looking statements.

Guidance and outlook

Latest guidance

From the earnings release filed Nov 5, 2026 (8-K on EDGAR).

Forward-looking statements, 10-Q filed Nov 5, 2026

• We continued our tailored spread approach, providing stronger offers for higher-quality homes with greater expected resale velocity while maintaining higher spreads for lower-quality homes with elevated risk and slower resale clearance expectations.
• We believe this approach will continue to increase the likelihood of offer acceptance among higher-quality homes, improve the overall quality mix of homes in our portfolio, and support faster sell‑through.
• In addition to driving incremental acquisitions, we expect these partnerships to build our brand awareness and serve as additional avenues for sellers to learn about the benefits of our products.
• We perpetually iterate on our re-engagement strategies and believe that our registered customer base will continue to be an important source of home acquisition volumes.
• We will continue to evaluate new ways to improve our end-to-end solution and expect to invest in additional adjacent products and services over time, including through potential strategic transactions, growth opportunities, or partnerships, with the expectation that these adjacent services will continue to improve our unit economics.
• • Leveraging our platform to develop additional offerings, which we expect can increase overall conversion and unlock more capital-light margin.
• Since our inception, we have prioritized investment in our pricing capabilities across our home acquisition processes and our forecasting and resale systems, and expect to continue to do so.
• We also calibrate the spreads embedded in our offers based on home-specific attributes, including expected resale velocity and risk profile, as well as local market conditions.
• In general, we expect our financial results and working capital requirements to reflect seasonal variations over time.
• We expect our overall interest expense to increase as inventory increases.
• Subject to market conditions and cost of capital trade-offs, we will evaluate opportunities to expand our sources of financing over time, which may allow us to diversify our mix of financing sources to include more cost-effective financing relative to our higher cost mezzanine term debt facilities.
• Such repurchases, if any, will be upon such terms and at such prices as we may determine, and will depend on prevailing market conditions, our liquidity and other factors and may be commenced or suspended at any time.

Opendoor Technologies' latest quarter

Questions

Did Opendoor Technologies raise or lower its guidance?

Opendoor Technologies (OPEN) gave its guidance on Nov 5, 2026: Revenue +40% for Q4 2026; EBITDA $70.0M–$85.0M for Q4 2026; Stock-based compensation $90.0M for Q4 2026.

What does Opendoor Technologies expect?

We continued our tailored spread approach, providing stronger offers for higher-quality homes with greater expected resale velocity while maintaining higher spreads for lower-quality homes with elevated risk and slower resale clearance expectations. We believe this approach will continue to increase the likelihood of offer acceptance among higher-quality homes, improve the overall quality mix of homes in our portfolio, and support faster sell‑through. In addition to driving incremental acquisitions, we expect these partnerships to build our brand awareness and serve as additional avenues for s

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.