Opendoor Technologies Inc (OPEN) Q1 2025 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:01.010 -- 00:00:05.036 Good day, and thank you for standing by. Welcome to the Open Door Technologies first 00:00:05.036 -- 00:00:09.622 quarter 2025 earnings conference call. At this time, all participants are in listen-only 00:00:09.622 -- 00:00:14.368 mode. After the speaker's presentation, there will be a question and answer session. 00:00:14.368 -- 00:00:18.434 To ask a question during the session, you will need to press star 11 on your telephone. 00:00:18.434 -- 00:00:21.638 You will then hear an automated message advising your hand is raised. 00:00:21.638 -- 00:00:24.823 To withdraw your question, please press star 11 again. 00:00:24.823 -- 00:00:27.867 Please be advised that today's conference is being recorded. 00:00:27.867 -- 00:00:30.254 I would now like to hand the conference over to your speaker today. 00:00:30.254 -- 00:00:34.897 Kimberly Niehaus, Investor Relations. Please go ahead. 00:00:36.182 -- 00:00:40.046 Thank you and good afternoon. Details of our results and additional management commentary 00:00:40.046 -- 00:00:43.671 are available in our earnings release and shareholder letter, which can be found on the 00:00:43.671 -- 00:00:47.613 Investor Relations section of our website at investor.opendoor.com. 00:00:47.636 -- 00:00:51.261 Please note that this call will be simultaneously webcast on the Investor Relations section 00:00:51.261 -- 00:00:55.166 of the company's corporate website. Before we start, I would like to remind you that 00:00:55.166 -- 00:00:58.290 the following discussion contains forward-looking statements within the meaning of the 00:00:58.290 -- 00:01:02.626 federal securities laws. All statements, other than statements of historical fact, are 00:01:02.626 -- 00:01:06.489 statements that could be deemed forward-look...