Opendoor Technologies Inc (OPEN) Q2 2025 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:00.031 -- 00:00:05.176 Good day and thank you for standing by. Welcome to the Open Door Second Quarter 2025 00:00:05.176 -- 00:00:10.382 Earnings Conference Call. At this time, all participants are in a listen-only mode. 00:00:10.382 -- 00:00:13.645 Please be advised that today's conference is being recorded. 00:00:13.645 -- 00:00:16.989 After the speaker's presentation, there will be a question and answer session. 00:00:16.989 -- 00:00:22.134 To ask a question, please press star 1-1 on your telephone and wait for your name 00:00:22.134 -- 00:00:26.079 to be announced. To withdraw your question, please press star 1-1 again. 00:00:26.079 -- 00:00:29.495 I would not like to hand the conference over to your speaker today. 00:00:29.495 -- 00:00:34.178 Michael Judd, Capital Markets and Investor Relations. 00:00:35.461 -- 00:00:38.224 Thank you and good afternoon. 00:00:38.224 -- 00:00:42.929 Details of our results and additional management commentary are available in our earnings 00:00:42.929 -- 00:00:47.013 release and shareholder letter, which can be found on the investor relations section 00:00:47.013 -- 00:00:49.954 of our website at investor.opendoor.com. 00:00:50.817 -- 00:00:55.581 Please note that this call will be simultaneously webcast on the investor relations section 00:00:55.581 -- 00:00:58.364 of the company's corporate website. 00:00:58.364 -- 00:01:03.393 Before we start, I would like to remind you that the following discussion contains forward-looking 00:01:03.393 -- 00:01:07.198 statements within the meaning of the federal securities laws. 00:01:07.198 -- 00:01:11.063 All statements other than statements of historical fact are statements that could be 00:01:11.063 -- 00:01:16.030 deemed forward-looking, including, but not limited to, stateme...