Opendoor Technologies reported second-quarter revenue of $1.6 billion, topping the $1.5 billion expected by analysts. The online home-sales platform posted an adjusted loss of $0.01 per share, matching forecasts, while net loss narrowed to $29 million. Gross profit reached $128 million, translating to an 8.2% margin, and adjusted EBITDA turned positive at $23 million—its first profitable quarter on that measure since 2022, according to Chief Executive Officer Carrie Wheeler. Investors focused on management’s outlook for the current quarter, which projected revenue between $800 million and $875 million, well below the roughly $1.2 billion Wall Street anticipated. The cautious guidance, attributed to a still-slow U.S. housing market, sent Opendoor shares down about 15% in after-hours trading despite the stronger-than-expected second-quarter results.