Opendoor Q2'2024 Earnings Final Estimates

Written by Tyler Okland

Opendoor reports Q2 2024 earnings next Thursday, August 1st, after the close. We provided early Q2 estimates here one month ago, but below you will find our finalized estimates with the benefit of all subsequent data in the books.

Notably, this summer has proved an exceedingly challenging residential real estate environment.

1.     Mortgage rates are persistently elevated

2.    Inventory continues to rise

3.    Home prices remain stably high

4.   The vast majority of current homeowners are waiting on the sidelines with sub-5% mortgage rates already locked in.     

Said more plainly, buying a home is about as unaffordable and unattractive as ever. According to Redfin, the highest percentage of home purchases ever were canceled in June (~15%).

So, can this company continue to navigate a challenging housing market and still make good on its objective of $10 Billion run-rate revenue and ANI net neutral?

Our finalized estimates for Opendoor’s Q2 2024 result below:


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