Opendoor Technologies projects Q2 revenue growth of 25% and targets a 5% to 7% contribution margin midrange for the period.
Opendoor Technologies (OPEN) expects approximately 25% revenue growth in Q2 2026, alongside a targeted contribution margin of 5% to 7%. The company cited strong operational performance as a key driver for the outlook.
In Q1 2026, Opendoor entered into contracts for over 5,000 homes, doubling Q4 volumes and tripling Q3 figures. The company also reported selling through over 80% of its October cohort, reflecting improved market traction.
Management highlighted margin expansion as a priority, aligning with broader efforts to enhance profitability amid a competitive housing market.