Opendoor Misses Q3 2026 Estimates as Revenue Rises 12% to $1.02B

Opendoor (OPEN) missed estimates for the third quarter of 2026 on both revenue and adjusted EPS. Revenue was $1.02 billion, up 12% from a year earlier, below the $1.05 billion estimate, and adjusted EPS was -$0.23, down 188% from a year earlier, below the -$0.16 estimate.

Shares rose 2.8% in after-hours trading as of 4:07 p.m. ET, to $1.84 from a $1.79 close.

Q3 2026 scorecard

By our calculation, revenue was $30.9 million below the estimate and adjusted EPS was $0.07 below it. The QoQ column compares with the previous quarter's revenue of $883.0 million and adjusted EPS of -$0.17. The YoY column compares with $915.0 million and -$0.08 in the same quarter a year earlier.

Track record

• EPS record. Adjusted EPS beat the estimate in 3 of the last 8 reports, including this one.
• Revenue record. Revenue beat the estimate in 6 of the last 8 reports.
• Revenue trend. Revenue over the last 5 reports, oldest first: $915.0 million, $736.0 million, $720.0 million, $883.0 million and $1.02 billion.

What to watch

• Next-quarter estimates. Consensus calls for EPS of -$0.13 and revenue of $1.12 billion next quarter, based on 3 analysts.
• Revenue growth. Whether revenue keeps growing from a year earlier after this quarter's 12% increase to $1.02 billion.
• Estimate record. Whether Opendoor returns to beating EPS estimates, which it did in 3 of its last 8 reports.
• Related coverage. See our reports on Natera, Mattel, nLIGHT and Lyft.

Sources: Results are from Opendoor's Nov. 5, 2026 quarterly report. Estimates are consensus figures. The prior-quarter and year-ago comparison figures are from Opendoor's earlier quarterly reports. Items labeled by our calculation are our own arithmetic. This article is informational only and is not investment advice.