After over a year of working as CEO, Opendoor’s Kaz Nejatian reported significant growth in revenue and market share during the iBuyer’s Q3 earnings call, and attributed the gains to a shift into AI infrastructure as the company says it has found ways to flip more homes without overpaying. “This past quarter we rebuilt this…
In a Q3 2026 earnings report Nov. 2, iBuyer Offerpad, known for giving homeowners cash offers within 24 hours, blamed the less-than-stout housing market for its less-than-stout numbers. In a release and press conference, the company reported a net loss of $11.5 million, or $2.30 a share—with total closed real estate transactions numbering 324. Gross…
Years after so-called iBuyers—companies that promised to quickly buy and flip homes using algorithms to make profits—were supposed to take the industry by storm, one of the (relative) new kids on the block is settled in for a longer voyage. During its Q2 2026 earnings call on Aug. 3, Offerpad Chairman and CEO Brian Bair…
Editor’s note: The COURT REPORT is RISMedia’s weekly look at current and upcoming lawsuits, investigations and other legal developments around real estate. Zillow iBuyer lawsuit requests new trial date A lawsuit by Zillow shareholders accusing the portal of “misleading” statements related to its short-lived iBuying business is aiming for a new trial date, with a…
iBuyer Opendoor is continuing to hold its positive view as it pushed forward with its Opendoor 2.0 initiative to bring the company back to significant profitability, as executives expressed in its Q1 Open House. The company’s Q1 earnings report outlined another mixed quarter for the iBuyer, with several goals met while other metrics remained less…
In a Q1 2026 earnings report April 30, iBuyer Offerpad, known for giving homeowners cash offers within 24 hours, released financial results that included generating $80.1 million in revenue vs. analyst estimates of $86.25 million, a 7.2% miss and a 50.2% year-over-year decline. The company reported 263 closed real estate transactions. In a release, the…
It’s been about 10 years since Brian Bair launched the iBuyer Offerpad, and three years since it went public. But like with so many other companies these days, suddenly AI has arrived to change how they do business in many ways, and to his way of thinking, there’s no staying static. It’s either get ahead…
iBuyer Offerpad released its Q4/year-end financial results Monday, which included generating $114.1 million in revenue with 312 sold homes, a 34.5% YoY decline. The company says its results reflect its continued execution within a disciplined operating model built to perform in a market constrained by housing affordability and inventory challenges and limited seller liquidity. Analysts…
Through the challenges the iBuyer has endured, Opendoor remains positive in the face of it all. After announcing a big reboot in Q3, the company shared a happy sentiment of goal achievement in its recent Q4 and 2025 full year earnings report and investor call, despite its actual earnings having some mixed results. Back during…
Above, Opendoor CEO Kaz Nejatian Rebooting was the theme of Opendoor’s Q3 2025 earnings call, held Thursday, Nov. 6. The iBuyer has seen a challenging 2025, including almost being delisted from the Nasdaq earlier this year, and these challenges showed up in its quarterly financial results. In Q3, Opendoor experienced a year-over-year slowdown in revenue—$137…
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