Opendoor CEO: ‘We’re asking you to hold us accountable’
After a turbulent year, Opendoor’s revenue fell, but the company’s CEO is bullish on its potential. Rival iBuyer Offerpad, meanwhile, hopes to 3x transactions.
Updated February 23, 2026
The latest on Opendoor
- Opendoor ‘lost its way,’ but new CEO sees better times aheadRevenue dropped year-over-year and net losses have increased, but Opendoor’s new CEO believes the iBuyer is now on a path to break even by the end of next year.November 6, 2025
- Opendoor to expand nationally after stock bull run, C-suite shakeupOpendoor intends to expand its service area to the “entire continental United States” at some point “in the coming weeks,” a new SEC filing states.September 17, 2025
- Opendoor co-founder floats idea of cutting staff by 85%“There’s no way you need 1,400 employees,” Co-founder and newly appointed board member Keith Rabois told CNBC, adding, “we’re going to return to our roots.”September 12, 2025
More The latest on Opendoor
- Opendoor names new CEO: ‘The right leader for the AI era’Kaz Nejatian, the former COO at Shopify, fills the vacancy left by ex-CEO Carrie Wheeler, while Opendoor's co-founders return as board members.September 10, 2025
- Tide turns for Opendoor as revenue jumps, delisting threat endsDays after announcing it is no longer at risk of getting booted off Nasdaq, Opendoor reported its first quarter of adjusted EBITDA profitability in three years.August 5, 2025
- Opendoor dodges delisting bullet after July stock surgeThe iBuyer is no longer considering a reverse stock split to regain compliance with Nasdaq price requirements now that its stock has rebounded on its own.August 4, 2025
- Opendoor looks to entice sellers with bonus cash after resaleThe iBuyer’s new Cash Plus program offers sellers an upfront payment and “potential future profits” if resale proceeds exceed acquisition and renovation costs.July 24, 2025
- Opendoor stock leaps amid Nasdaq delisting concernsAfter sitting below $1 for months, the iBuyer’s stock was up as much as 441% in the past week. The company is also seeking approval for a reverse stock split.July 21, 2025
- Opendoor betting on agent partners as it looks to boost revenue“We’re in growth mode. We’re eager to get more great agent partnerships going because we have so many customers we want to serve,” the company said.June 24, 2025
- Opendoor makes $39M deal to settle lawsuit over pricing techPlaintiffs accused the iBuyer of misrepresenting its AI-powered system and relying on human processes that put it at risk. Opendoor has denied wrongdoing.June 16, 2025
- Opendoor could drop off NASDAQ if stock doesn’t reboundThe iBuyer has been struggling to get its footing since 2022 despite replacing its CEO and working to build partnerships with agents and brokerages.May 30, 2025
- Opendoor doubling down on ‘the trusted agent partner’The top iBuyer looks to build its referrals to agents as revenue slips 2% but losses ease; Offerpad, meanwhile, saw revenue drop 44% and losses improve by 14%.May 6, 2025
- Opendoor sees opportunity in its stream of high-intent sellersReal estate’s top iBuyer reported increased revenue as it looks to “give sellers more choices” through listing products that go beyond a standard cash offer.February 28, 2025
- What’s next for Opendoor after layoffs and $78 million loss?Top iBuyer highlights new products and shifts in agent pay as it joins Offerpad, Elliman and Fathom in finding bright spots after tough third-quarter results.November 10, 2024
- Opendoor trims losses, calls out pressure on commissionsIt’s early, the iBuyer’s CEO says, but Opendoor has seen “10-15 basis points of pressure” on commission rates. “Not a huge amount, but decidedly different.”August 1, 2024
- Opendoor beats forecasts, ramps up home purchasesEven as revenue fell sharply year-over-year, the iBuyer sees an opportunity to “shape the future of real estate” by giving consumers more options.May 2, 2024
- Opendoor trims losses, looks to buy more houses in 2024The leading iBuyer lost $275 million in 2023, but that was less than a fifth of 2022 losses. Now the focus is “sustainable” growth of the business.February 15, 2024
- As revenue plummets, Opendoor aims for a turnaround in 2024During the company's Q3 earnings call, CEO Carrie Wheeler said she anticipates a quiet fourth quarter but an uptick in home acquisitions next year.November 2, 2023
- As revenue falls, Opendoor returns to profitabilityThe top iBuyer hopes scaling home purchases, improving margins and leveraging partnerships will continue fueling its return to positive net income.August 3, 2023
- Opendoor posts big losses but aims for positive margins by Q3The leading iBuyer lost $101 million in Q1, but that's a significant improvement over the previous quarter, and they are now "looking for stabilization."May 4, 2023
- Opendoor posts $399M loss in Q4 but sees growth aheadDespite losses on home sales, CEO Carrie Wheeler said the company believes in its value proposition and sees "significant runway" via its Zillow partnership.February 23, 2023
- CEO Eric Wu says Opendoor is ‘operating with urgency’ after Q3 lossesOpendoor Technologies reported $211 million in third-quarter adjusted losses before EBITDA. Its net loss for the quarter was $928 million.November 3, 2022
