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What $OPEN shipped in January 2026👇
Early Jan
🤖 Internal AI tool deployed to catch finance discrepancies (down to $0.01)
📱 AI coding, merging, and deploying enabled directly from a phone
✨ Self-Assessment app improvements (faster flow, less repetition, smarter permissions)
🧑💼 New CPO onboarded to support people network
Mid Jan
🧠 Fully AI-native mortgage product announced (with Lennar)
🛒 Opendoor Checkout goes live in Texas + select states (ShopPay-for-homes goal)
📦 Buybox Expansion unlocking more home ages, lot sizes, and price points
📄 HOA Research Automation using AI + deep web research for title workflows
Late Jan
🇺🇸 Operations reshored from Mexico to Phoenix & Miami
🎥 Opendoor commercial published + marketing ramping up
🏠 AI-generated home dioramas released as a fun / brand experiment
💬 AI SMS Agent launched to guide sellers through the full journey
Product, infra, ops, AI, and brand — all in one month. 🚀
A super simple way to understand $OPEN revenue:
10 homes × 60% sold = 6 homes
6 × $300K average price = $1.8M revenue
Scale that to 10,000 homes:
10,000 × 60% = 6,000 homes sold
6,000 × $300K = $1.8B revenue
That’s why inventory matters.
$OPEN generated less revenue in Q2 2026 as it has less home available in the inventory vs Q2 2025 period. (3420 vs 7080 homes)
More homes acquired → more homes available to sell → more potential revenue.
Now you know why @nejatian is focused on buying more homes.
This post is misleading because it ignores $OPEN inventory cycle caused by former management last year.
In Q2 2025, $OPEN bought just 1,757 homes but sold 4,299. That $1.57B in revenue was largely supported by inventory built in prior quarters.
The former management’s decision to under-acquire in 2025 also meant less inventory heading into 2026.
Now the strategy has reversed: Q2 2026 purchases jumped ~143% YoY.
But homes bought today don’t become revenue overnight. There’s a lag between acquisition, prep, listing and sale.
So current revenue alone isn’t the right measure of the turnaround. And comparing it to Q2 2025 is misleading, given how that period was intentionally “beautified” by CW.
The real test is whether higher 2026 acquisitions drive stronger sales, healthy contribution margins and profitable cohorts in the coming quarters.
Most important for $OPEN: resale velocity in Q3 & Q4 2026.
The $OPEN gang didn't like me pointing out the company's operational disaster, but the Q2 earnings release were an incredible showing of reality distortion.
Management: "Everything Is Up. Except Costs."
Reality: Revenue fell 44% and operating loss was over 10x higher than a year ago.
And for a company that's "not an iBuyer" they bought 149% more homes than a year ago and have $1.8 billion of inventory in the balance sheet.
Ohh, and the stock is down 22% since my tweet.
Cults can be great for a good business, but they're detrimental when the business doesn't match the story they tell themselves.
Open Stonk retweeted
The $OPEN gang didn't like me pointing out the company's operational disaster, but the Q2 earnings release were an incredible showing of reality distortion.
Management: "Everything Is Up. Except Costs."
Reality: Revenue fell 44% and operating loss was over 10x higher than a year ago.
And for a company that's "not an iBuyer" they bought 149% more homes than a year ago and have $1.8 billion of inventory in the balance sheet.
Ohh, and the stock is down 22% since my tweet.
Cults can be great for a good business, but they're detrimental when the business doesn't match the story they tell themselves.
I love how we idolize CEOs with a turnaround plan, but don't scrutinize whether that turnaround plan is working.
At Opendoor $OPEN, objectively, it isn't.
Time and time again, we've seen that iBuying was a bad business model. Adding bells and whistles doesn't change that.
Bought more OPEN on 29 May. Sorry for the late post — life has been busy.
$OPEN remains my only position. I’ll keep adding at the end of each month.
Bought my monthly $OPEN as usual.
Not getting paid on time wasn’t a bad idea after all 😎
Back to work hard 💪
After a long day at work, I see $OPEN below $5 and I’m down 32% 😅
Still holding strong — my one and only stock.
Bought $OPEN — £2k in (483 shares at $5.70) on payday.
Back to work 💪
Buy again next month end.
$OPEN army — I’m still around. Caught a flu and been in bed the last… don’t know how many days 🤧🛌
Still on bed. Back to sleep. Catch up once I am better and do a slow return to work and X.
Most recent Zacks update on $OPEN
“Buy”
Value: B
Growth: A
Momentum: D
Overall VGM: A
Open Stonk retweeted
We are building Opendoor Checkout. It is live in Texas and a couple of other states. It will take a few iterations to have it dialed in but we aspire to be as good to homes as ShopPay is for e-commerce.
Open Stonk retweeted
@Opendoor & @nejatian just made a very smart people bet.
Renee Mauldin is stepping in as Chief People Officer — and this is a big win for $OPEN.
Renee has built and scaled talent engines at some of the most demanding, high growth companies in tech:
🚕 Uber – as its first head of people & workplace during hypergrowth.
📽️ Project44 – helping scale a deeply technical, global org using AI.
💸 Nubank – supporting growth all the way to IPO.
At @Opendoor, her mandate is clear: raise talent density so high that exceptional execution becomes inevitable.
That means:
🏗️ Building teams that move fast with accountability.
🏦 Hiring deeply technical, builder-minded leaders.
👩💻 Designing org systems that reward shipping, transparency, and outcomes.
🏠 Creating a culture where curiosity isn’t optional — and homeowners win.
As @Opendoor works to remove friction from one of life’s biggest financial decisions, leadership like this matters. People strategy is product strategy at this stage.
Renee Mauldin strengthens the foundation for what comes next at $OPEN. Welcome Renee 🏡
S/O to @MarkLStonk for the news 🚨
