OPEN Q1 Results Beat Expectations, But Stock Slides and Other Important Updates
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Court: D. Arizona
Case: 2:22-cv-01717
A few weeks ago, Opendoor posted Q1 2025 revenues of $1.15B, surpassing estimates by over 9%. Despite this, shares have dropped nearly 17% since the report.
CEO Carrie Wheeler emphasized a push toward profitability and stronger platform performance, but investors may have expected even better results.
Meanwhile, the company continues to navigate a challenging real estate tech landscape.
In other news, the company has reached a $39M settlement with 
OPEN investors to resolve claims that it misled them about its pricing algorithm, profit margins, and ability to operate profitably during a market downturn. You can check eligibility and file a claim here.