The iBuying giant sold fewer homes and brought in less cash in Q2 2023 than it did during the same time in 2022, but it still managed to end up in the black to the tune of $23 million.
Source: Inman News
Opendoor rebounds with profitable Q2 despite steep revenue decline
More from Carrie WheelerMore posts in Carrie Wheeler »
- New Opendoor CEO’s plan: ‘Buy more good homes and get more good sellers through our funnel’
- Opendoor continues C-sweep with CFO swap
- Opendoor’s resurrection: Will there be an iBuyer afterlife?
- Opendoor announces new CEO: Shopify’s Kaz Nejatian
- Drunken gunman, new legal filing, Roseanne Barr: Inman’s Top 5
More from compassMore posts in compass »
- Will Anywhere merger launch M&A arms race? It’s not yet clear: Intel
- FICO scores, magic phrases, earnings digs: Inman Top 5
- Where else is Zillow not enforcing its private listing ban?
- All about the Benjamins: 5 things to know before throwing money at real estate problems
- Why independent brokerages matter more than ever amid real estate consolidation
More from earningsMore posts in earnings »
- Offerpad home sales, acquisitions hit new low in Q3 2025
- RE/MAX stays profitable as US agent count, revenue decline
- Tech, scale and strategy fuel Q1 wins across real estate
- Blend seeks to sell Title365 as mortgage revenue shrinks in Q1
- Rocket says it could close Redfin acquisition as soon as this quarter
More from ibuyerMore posts in ibuyer »
- New Opendoor CEO’s plan: ‘Buy more good homes and get more good sellers through our funnel’
- Here’s how to save canceled listings and improve success rates
- Offerpad home sales, acquisitions hit new low in Q3 2025
- Is the ‘proptech winter’ ending? This is what investors are watching
- Opendoor continues C-sweep with CFO swap
More from ibuyingMore posts in ibuying »
More from Markets & EconomyMore posts in Markets & Economy »
- 53% of US homes lost value from 2024 — but it’s not a crash
- 8 reasons you should never recommend a 50-year mortgage
- Boomers may experience these brutal surprises when they move
- ‘He didn’t even say he was sorry’: Brooklyn investor gets prison time for 12-year deed fraud scheme
- How to help senior real estate clients right-size with confidence
More from offerpadMore posts in offerpad »
- Offerpad home sales, acquisitions hit new low in Q3 2025
- From cash offer to collaboration: Offerpad empowers agents and sellers
- Opendoor’s resurrection: Will there be an iBuyer afterlife?
- He started the Opendoor stock rally. Now he wants the CEO out
- Opendoor grows revenue and trims losses in 2nd quarter rally
More from opendoorMore posts in opendoor »
- Trump’s 50-year mortgage is ‘a big nothingburger’ for homebuyers
- New Opendoor CEO’s plan: ‘Buy more good homes and get more good sellers through our funnel’
- From Vegas to venture capital: Navigating the uncertain path of the proptech founder
- Here’s how to save canceled listings and improve success rates
- Is the ‘proptech winter’ ending? This is what investors are watching
More from Opendoor ExclusivesMore posts in Opendoor Exclusives »
- Opendoor posts significant decline in revenue but narrows losses in Q4
- Opendoor founder Eric Wu leaving company to focus on startups
- Opendoor can’t hang on to profitability as Q3 revenue craters
- Redfin exec: Clear Cooperation is failing to stop pocket listings
- Will the second quarter of 2023 match real estate’s Q1 meltdown?
More from RedfinMore posts in Redfin »
- Realtors reject proposal to require disclosure of more referral fees
- Redfin site fluke exposed past users’ data on listing contact forms
- Stop freaking out about 50-year mortgages. They might save the housing market
- Zillow defends private listing rule, criticizes Compass in new filing
- Homebuyers like ‘high-touch’ loan advisors equipped with tech tools
More from SelectMore posts in Select »
- Kevin Brown shares his plans as NAR’s new president (EXCLUSIVE)
- How to turn up the volume and amplify your brand with podcasting
- Fallout over Fed policymakers’ investments reshaping the board
- Realtors reject proposal to require disclosure of more referral fees
- Paraspot AI sees the future of property inspection: Tech Review
More from stock marketMore posts in stock market »
- New client leads, murky waters: October’s mixed bag for real estate
- Hopeful but wary, agents report slippage in listing pipelines: Intel
- Another brokerage just hit a major agent-count milestone
- Opendoor continues C-sweep with CFO swap
- Modest gains help agents see path to recovery: Client Pipeline Tracker
More from TechnologyMore posts in Technology »
- Paraspot AI sees the future of property inspection: Tech Review
- Dawn of a new era: Here’s how NAR says it’s changing for its members
- RateMyAgent and Curated Social merge to form Renowned platform
- Zillow defends private listing rule, criticizes Compass in new filing
- Homebuyers like ‘high-touch’ loan advisors equipped with tech tools
More from ZillowMore posts in Zillow »
- Realtors reject proposal to require disclosure of more referral fees
- 53% of US homes lost value from 2024 — but it’s not a crash
- Will Anywhere merger launch M&A arms race? It’s not yet clear: Intel
- FICO scores, magic phrases, earnings digs: Inman Top 5
- Where else is Zillow not enforcing its private listing ban?
Be First to Comment