Opendoor Works to Strengthen Market Stance and Earnings — RISMedia
By: Claudia Larsen | Published: 2025-08-06 17:03:00 | Source: www.rismedia.com
iBuying does not appear to be out of the real estate game yet, as Opendoor—now describing itself as an e-commerce platform for residential real estate transactions—reported strong earnings for Q2 2025.
Opendoor reported a Q2 revenue of $1.6 billion, up 4% year-over-year and 36% higher than its $1.2 billion last quarter and. Gross profit came in at $128 million, up from $99 million in Q1 and from $129 million last year. The net loss was also down in Q2, coming in at $29 million compared to $85 million last quarter and $92 million last year.
The company sold 4,299 total homes in Q2, up a whopping 46% from 2,946 last quarter and up 5% year-over-year.
The buying side, on the other hand, saw a dip in Q2. The company purchased 1,757 homes, down 51% from…
