NEW YORK, January 1, 2026, 05:56 ET — Market closed
Opendoor Technologies Inc (OPEN) shares ended the last session of 2025 down 0.2% at $5.83, with trading volume of about 46 million shares. U.S. markets are closed on Thursday for the New Year’s Day holiday.
Why it matters now: Opendoor is starting 2026 with a new chief financial officer, a key role for a company whose business and funding costs are closely tied to mortgage rates and home prices.
Investors have also been watching whether management can stabilize profitability as the firm leans on faster home resales and tighter pricing — a sensitive mix when interest rates move quickly.
In the broader market, home-related stocks slid into year-end. The iShares U.S. Home Construction ETF (ITB) fell about 1.0%, while Zillow Group dropped 1.6% and smaller peer Offerpad rose 2.5%.
A Dec. 15 securities filing said Opendoor named Christy Schwartz as chief financial officer effective Jan. 1, after she served as interim CFO, and hired Lucas Matheson — previously CEO of Coinbase Canada — as president. 1
Matheson said the company is looking beyond traditional home transactions, including exploring how blockchain and “tokenization” could affect real-estate ownership, according to a company release. “Real estate is one of the last major asset classes that hasn’t been touched by the financial innovation happening everywhere else,” he said. 2
In its most recent quarterly update, Opendoor reported third-quarter revenue of $915 million and a net loss of $90 million. It also forecast a fourth-quarter adjusted EBITDA loss in the “high $40 millions to mid $50 millions,” and reiterated a target of adjusted net income breakeven by the end of 2026 on a rolling 12-month basis. 3
Adjusted EBITDA is a non-GAAP profit metric that strips out items such as interest, taxes and some non-cash charges, and companies use it to show operating performance on a comparable basis.
Wall Street remains cautious on valuation. MarketBeat data show an average analyst price target of about $2.55, below Wednesday’s close. 4
Short interest — shares borrowed and sold by investors betting on a decline — stood at about 15.4% of Opendoor’s float as of Dec. 15, according to MarketBeat. Elevated short interest can magnify moves when traders are forced to buy back shares to limit losses. 5
Technically, the stock has been hovering around the $6 level, with year-end trading swinging between the mid-$5s and just under $6. That keeps $6 in focus as a near-term pivot for momentum traders.
Before the next session, investors will look to fresh rate and macro signals when markets reopen on Jan. 2. The U.S. jobs report is scheduled for Jan. 9 and the consumer price index for Jan. 13, while the Federal Reserve’s next policy meeting is set for Jan. 27–28. 6
