Filing Flows › Opendoor Technologies (OPEN) › Q2 2026
Opendoor Technologies (OPEN) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 4, 2026
Opendoor Technologies (OPEN) reported revenue of $883M for the second quarter 2026 (Q2 2026), -44% from a year earlier and +23% from the quarter before. Operating margin was -16.3%, net loss $162M (18.3% of revenue).
Opendoor Technologies, Q2 2026: revenue $883M (-44% year over year), operating margin -16.3%, net loss $162M, operating cash flow −$718M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $883M | +23% | -44% |
| Operating profit | −$144M | — | — |
| Net earnings | −$162M | — | — |
| Operating cash flow | −$718M | — | -187% |
What changed
Revenue was $883.0M in Q2 2026, down 44% year over year and up 23% from the previous quarter.
Gross margin was 9.7%, up 1.6 points from Q2 2025. Operating costs exceeded revenue by $144.0M, an operating margin of -16.3%. Operating expenses grew 63% against a revenue fall of 44%. The fastest-growing cost line was General & admin (+382%). The quarter ended with a net loss of $162.0M, narrower than the previous quarter's $173.0M loss.
Operating cash flow was −$718.0M. Non-cash charges added back $8.0M of depreciation and amortization and $119.0M of share-based compensation. Working capital and other items used $683.0M. Capital expenditures of $5.0M exceeded it, leaving free cash flow of −$723.0M.
Questions
What was Opendoor Technologies' revenue in the second quarter 2026?
Opendoor Technologies (OPEN) reported revenue of $883M for the second quarter 2026 (Q2 2026), -44% from a year earlier and +23% from the quarter before.
Was Opendoor Technologies profitable in the second quarter 2026?
Operating loss was $144M (-16.3% of revenue) and net loss $162M.