NEW YORK, Feb 23, 2026, 09:16 EST — Premarket
Opendoor Technologies Inc (Nasdaq: OPEN) slipped roughly 2.4% to $4.88 before the bell Monday, paring back after Friday’s 7.5% jump that took the stock to $5.00.
The flip is significant: Opendoor wants Wall Street to buy into its streamlined iBuyer approach, where it snaps up homes and resells them. The company is coming off a period when sluggish sales cycles hammered that business model.
This stock tends to move fast when nerves about housing or risk start showing up. On jittery days, it’s names like this that often gap down sharply—no hesitation, no waiting for answers.
Opendoor’s fourth-quarter numbers showed revenue sliding to $736 million, with inventory cut back to 2,867 homes carrying a $925 million valuation. Net loss for the period hit $1.096 billion, dragged down by a $933 million loss linked to debt extinguishment. Home purchases jumped 46% over the previous quarter, according to the company, which also said it “significantly” curbed capital intensity, scaling its Cash Plus program to 35% of weekly volume. CEO Kaz Nejatian described the results as evidence of “more accurate pricing, faster inventory turns, and disciplined selection.” Opendoor stuck with its goal of breakeven adjusted net income by end of 2026, but flagged a roughly 10% sequential revenue drop for the first quarter. SEC
No lift from the broader market. U.S. stock index futures edged lower, with investors sifting through fresh tariff jitters, according to a Reuters report.
Traders focused on housing don’t have long to wait for their next data hits. The S&P Case-Shiller home price index and the FHFA house price index are both set for release Tuesday at 9:00 a.m. ET, per Briefing.com. New home sales numbers for January follow on Wednesday, with that report dropping at 10:00 a.m. ET.
The risk is clear enough: should resale prices slip, or properties start lingering on the market, Opendoor’s margins could quickly get squeezed. An inventory pile-up is possible too—just as investors want more predictable results.
