Opendoor raises $440 million and buys back shares
The company issued $650 million in 0% convertible notes, repurchased 5% of shares, and anticipates no net dilution below $10.38 per share.
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Digital real estate platform for buying and selling homes
opendoor.comLast updated
In short: Opendoor issued $650 million in 0% interest notes, repurchased 5% of its shares, and closed its India operations to focus on AI-native teams.
The company issued $650 million in 0% convertible notes, repurchased 5% of shares, and anticipates no net dilution below $10.38 per share.
Revenue rose 23% QoQ, contribution profit 59%, homes purchased 77%, with adjusted net income positivity expected by end of 2026.
Doma's automated title decisioning integrates with Opendoor's platform to reduce costs and speed closings.
The event will be a video livestream with shareholder Q&A, replacing traditional earnings call.
On August 19th OPEN issued $650M of convertible notes that pay no interest at all. 4 days earlier, $135M of old notes had come due...
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On September 11, 2026, JP Morgan maintained an Overweight rating on Opendoor Technologies (OPEN)...
Opendoor's CEO took to social media to admit something investors did not want to hear, and it landed...
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