Opendoor Technologies Inc. saw its stock surge nearly 18% on Friday following a fourth-quarter earnings report that exceeded revenue expectations. The company reported $736 million in Q4 revenue, surpassing the $595 million estimate despite a 32% annual decline. Its GAAP net loss was $1.1 billion, heavily impacted by debt-related charges, yet investors responded positively to management’s roadmap toward sustainable profitability.
Opendoor stock soared as one of Friday’s top market performers after releasing quarterly results. Revenue of $736 million beat analyst estimates linked in market data, though it represented a significant year-over-year decrease.
The company reported a substantial GAAP net loss of $1.1 billion for the quarter. This figure was heavily influenced by a $933 million loss on extinguishment of debt.
On an adjusted basis, EBITDA showed a loss of $43 million. Despite these losses, the market reception was notably positive.
Chief Executive Officer Kaz Nejatian stated the results validate the company’s long-term plan. “These results reflect structural improvements in how we operate with more accurate pricing, faster inventory turns, and disciplined selection,” Nejatian said.
Management is prioritizing a return to positive adjusted net income by the end of 2026. For the first quarter of the year, it anticipates an adjusted EBITDA loss between $30 million and $35 million.
The company stated it is focused on long-term rebuilding rather than short-term guidance. It expects revenue to decline by approximately 10% in the upcoming quarter.
The stock is trading within its 52-week range and above its 200-day moving average. Analysts project the stock to trade between $4 and $6 throughout the rest of 2026.
