Opendoor Technologies Inc (OPEN) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hi, we're the Watsons. We've owned our house through Opendoor. And we've sold our house through Opendoor. And we also got our mortgage through Opendoor. We're excited. Ariel gets his graduating high school, and it's time for our next chapter, so... We decided to head up to Colorado, take a look at some houses and see what made sense for us. And it turns out we fell in love with an open door house. We found out that open doors buys houses as well. And so we submitted the offer online. I took some pictures of the house. I submitted that and they came back with an offer that was really far better than we ever expected. So we took it. when we started thinking about selling our house we came up with a long list of improvements that we needed to make we've been here for 15 years we wanted it to be perfect open door just eliminated all that we got to focus on we got to focus on the next chapter yeah which was been personally open door also does mortgages so they offered us this incredibly low rate we took it and we couldn't we couldn't have done better it was so easy everything was seamless and We were able to sell our house, buy a house, get it mortgaged all within a few weeks to make this move just so simple. Hey, everyone. Welcome to Opendoor's Q1 2026 Financial Open House Earnings Livestream. I'm Michael Judd, Opendoor's Head of Investor Relations. A few quick housekeeping items before we get started. Like all things Opendoor, we're going to do this faster. Details of our results and additional management commentary are available in our earnings release, which can be found at investor.opendoor.com. The following discussion contains forward-looking statements within the meaning of the federal securities laws. All statements other than statements of historical fact are st...