Opendoor Technologies Inc (OPEN) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

That's what we're building Opendoor for. It's why the results we're sharing today matter. Because every number behind them represents a homeowner who got to focus on what comes next instead of what comes with selling. I'm Michael Judd, Opendoor's Head of Investor Relations. Welcome to Opendoor's fourth quarter 2025 earnings live stream. 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 the statements of historical fact are statements that could be deemed forward-looking, including, but not limited to, statements regarding Open Door's financial condition, anticipated financial performance, business strategy and plans, market opportunity and expansion, and management objectives for future operations. These statements are neither promises nor guarantees, and under-reliance should not be placed on them. Such forward-looking statements involve risk and uncertainties that may cause actual results to differ materially from those discussed here. Additional information that could cause actual results to differ from forward-looking statements can be found in the Risk Factors section of Open North's most recent annual report on Form 10-K for the year ended December 31, 2025, and other filings with SEC. Any forward-looking statements made on this webcast, including responses to your questions, are based on management's reasonable current expectations and assumptions. As of today, an open door assumes no obligation to update or revise them, whether as a result of new information, future events, or otherwise, except as required by law. The following dis...