OpenAI IPO +2.8%: Why OPEN Is Surging on AI Hype
Can the OpenAI IPO turn Opendoor into an unexpected AI trade, or is Wall Street getting ahead of itself again? Maik Kemper Editor in Chief We want optionality…
Opendoor Technologies Inc. operates a digital platform for residential real estate transactions in the United States. It buys and sells homes through online e-commerce platform. The company also resells the home to a home buyer. In addition, it offers real estate brokerage, title insurance and settlement, and escrow services, as well as property and casualty insurance, real estate licenses, and construction services. The company was formerly known as Social Capital Hedosophia Holdings Corp. II and changed its name to Opendoor Technologies Inc. Opendoor Technologies Inc. was incorporated in 2013 and…
| Quarter | Revenue | YoY | Net Income | EPS (dil.) | YoY | Gross Margin | Op. Margin |
|---|---|---|---|---|---|---|---|
| Q1 2026 Mar 2026 | $720.0M | -37.6% | $-173.0M | $-0.18 | -50.0% | 10.0% | -22.1% |
| Q4 2025 Dec 2025 | $736.0M | — | $-1.10B | $-1.26 | — | 7.7% | -20.4% |
| Q3 2025 Sep 2025 | $915.0M | — | $-90.0M | $-0.12 | — | 7.2% | -7.3% |
| Q2 2025 Jun 2025 | $1.57B | — | $-29.0M | $-0.04 | — | 8.2% | -0.5% |
| Q1 2025 Mar 2025 | $1.15B | — | $-85.0M | $-0.12 | — | 8.6% | -4.6% |
Data from Yahoo Finance. YoY compares the same quarter of the prior fiscal year.
Can the OpenAI IPO turn Opendoor into an unexpected AI trade, or is Wall Street getting ahead of itself again? Maik Kemper Editor in Chief We want optionality…