Opendoor Technologies Inc. (OPEN) Q1 2025 Earnings Call Transcript


Opendoor Technologies Inc. (NASDAQ:OPEN) Q1 2025 Earnings Conference Call May 6, 2025 5:00 PM ET

Company Participants

Kimberly Niehaus – Investor Relations
Carrie Wheeler – Chief Executive Officer
Selim Freiha – Chief Financial Officer

Conference Call Participants

Dae Lee – J.P. Morgan
Ygal Arounian – Citigroup
Ryan Tomasello – KBW
Benjamin Black – Deutsche Bank

Operator

Good day. And thank you for standing by. Welcome to the Opendoor Technologies First Quarter 2025 Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speaker’s presentation, there will be a question-and-answer session. [Operator Instructions] Please be advised that today’s conference is being recorded.

I would now like to hand the conference over to your speaker today, Kimberly Niehaus, Investor Relations. Please go ahead.

Kimberly Niehaus

Thank you, and good afternoon. Details of our results and additional management commentary are available in our earnings release and shareholder letter, which can be found on the Investor Relations section of our website at investor.opendoor.com. Please note that this call will be simultaneously webcast on the Investor Relations section of the company’s corporate website.

Before we start, I would like to remind you the following discussion contains forward-looking statements within the meaning of the federal securities laws. All statements, other than statements of historical fact, are statements that could be deemed forward-looking, including, but not limited to, statements regarding Opendoor’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 undue reliance should not be placed on them. Such forward-looking statements involve risks 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



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