Opendoor Technologies Inc. reported its second-quarter 2025 financial results with revenue of $1.6 billion, surpassing analyst estimates of $1.5 billion and marking a 4% year-over-year increase. The company achieved an adjusted EBITDA profit of $23 million, its first positive adjusted EBITDA since 2022, despite ongoing challenges in the housing market. Net loss narrowed to $29 million from $92 million a year earlier. Gross profit stood at $128 million with a gross margin of 8.2%. Opendoor sold 4,299 homes in the quarter, a 5% increase year-over-year, while inventory declined by 32% compared to the second quarter of 2024. However, the company issued a cautious revenue guidance for the third quarter of 2025, projecting $800 million to $875 million, significantly below the consensus estimate of $1.2 billion. Contribution profit for Q2 was $69 million with a margin of 4.4%. CFO Selim Freiha highlighted the $23 million adjusted EBITDA profit as an indicator of meaningful operating progress. Despite the positive earnings beat and reduced net loss, Opendoor's shares declined in after-hours trading following the weak revenue outlook for the upcoming quarter.