Opendoor's Q4 '23, The Year That Wasn't, and A Ramp Worth Waiting For

Written by Tyler Okland

Happy Wednesday!

We are hurtling towards the end of 2023, with somehow only three weeks left in the year. Most Opendoor investors are likely excited to close the book on a year to forget. The stock is up some 60% since the Q3 earnings call, signifying investors are betting 2024 will be better. 

We feel similarly and are anxiously monitoring Opendoor's ramp back up to a $10 B run rate revenue and adjusted net income breakeven. 

While 2023 was undoubtedly a down year for Opendoor, I don't think it's too early to look back on the progress that was made. Frankly, these numbers shocked me in review.

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