Opendoor Technologies Inc reported its financial results for the second quarter of 2025, posting revenue of $1.6 billion, surpassing the consensus estimate of $1.5 billion and marking a 4-5% year-over-year increase. The company achieved its first quarter of adjusted EBITDA profitability since 2022, with $23 million in adjusted EBITDA and a gross profit of $128 million, representing an 8.2% gross margin. Net loss narrowed significantly to $29 million from $92 million a year earlier. Opendoor sold 4,299 homes in the quarter, a 5% increase year-over-year and 46% quarter-over-quarter, while inventory declined by 32% compared to the second quarter of 2024. Despite these positive results, the company provided a cautious outlook for the third quarter, projecting revenue between $800 million and $875 million, well below the consensus estimate of $1.2 billion. Contribution profit for Q3 is expected to range from $22 million to $29 million, with adjusted EBITDA guidance between a loss of $28 million and $21 million. CEO Carrie Wheeler highlighted the company’s disciplined approach and expansion of its agent platform amid challenging housing market conditions. UBS raised its price target on Opendoor shares to $1.60 from $1.30 but maintained a Neutral rating, noting lowered expectations for year-over-year revenue growth and adjusted EBITDA breakeven in fiscal 2026.