Opendoor Stock Surges on Shopify COO Move – Will AI Magic Keep It Rising?
Opendoor makes money by buying homes with an algorithmic price offer and reselling them to consumers or investors. Its strength is a large proprietary dataset and instant-offer platform, but it carries risks. After struggling to generate cash flow early on, Opendoor is emphasizing profitability: it achieved positive adjusted EBITDA in Q2 Mlq and promises to get to breakeven by 2026. In Q2 the gross profit per home sold was $128M/4,299 ≈ $30k on average; earlier quarters had similar per-home profits. At the end of Q2, inventory of unsold homes was ~$1.5B Mlq, which it will need to unload. Opendoor also pointed to tight expense control, and it has cut staff and lowered capex guidance as margins improve 247Wallst. The company’s 2025 full-year revenue is now expected around $5–6B, with profitability hinging on cost cuts and any rebound in home sales. Founder Eric Wu and investor Keith Rabois are pushing an “AI-first” strategy to improve pricing and operations – a long-term opportunity, but one that requires upfront investment and carries execution risk.
