Opendoor ‘lost its way,’ but new CEO sees better times ahead
Revenue 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
The latest on Opendoor
- 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
- 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
More The latest on Opendoor
- 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
