Opendoor Technologies Inc. (NASDAQ:OPEN) reported first-quarter earnings on Thursday after the market closed. Here’s a rundown of the report.

• Opendoor shares are consolidating. What’s next for OPEN stock?

Q1 Highlights

Opendoor posted an adjusted loss of 5 cents per share, beating the consensus estimate of a 7 cent-loss. In addition, it reported revenue of $720.00 million, beating the consensus estimate of $666.54 million.

The company said homes purchased increased 45% from the prior quarter. Opendoor also reported more than 5,000 acquisition contracts in the first quarter of 2026, double the fourth quarter of 2025 and the highest level since 2022.

Opendoor noted that the percentage of homes on the market for more than 120 days declined from 33% to 10% quarter-over-quarter, compared to 33% for the overall market.

"As of April 1, Opendoor is adjusted EBITDA profitable, on a 12-month go-forward basis. The October cohort was just the start. A full quarter later, we've gone from a claim to a track record," said CEO Kaz Nejatian.

Guidance

Opendoor expects second-quarter revenue of $900.00 million, versus the consensus estimate of $1.13 billion.

Death Cross Continues To Weigh On Long-Term Outlook

Opendoor is currently showing a mixed technical picture, with the price trading above the 20-day and 50-day simple moving averages (SMAs), indicating some bullish momentum. However, the 100-day SMA is slightly below the current price, while the 200-day SMA remains a significant distance below, suggesting potential resistance ahead.

The RSI is currently at 50.74, which is neutral and indicates that Opendoor Technologies Inc’s stock is neither overbought nor oversold. This level suggests that momentum could shift either way, depending on upcoming price action.

MACD is below its signal line, indicating bearish pressure on Opendoor Technologies Inc’s stock. Traders should be cautious as this could signal a weakening trend if the momentum does not improve soon.

Key support is at 5.00, while resistance is at 5.50, and these levels will be crucial for traders to watch. If the price breaks above 5.50, it could signal a continuation of the bullish trend, while a drop below 5.00 might indicate a reversal.

The death cross occurred in March when the 50-day SMA crossed below the 200-day SMA, which typically signals a bearish trend. This crossover adds to the caution around Opendoor’s stock, as it suggests that the longer-term trend may be weakening.

Looking at the 12-month performance, Opendoor’s stock has surged by an impressive 619.89%, reflecting strong bullish sentiment over the past year. This significant gain highlights the potential for continued interest, but traders should remain vigilant given the current mixed signals in the technical setup.

Open Shares Trade Near Flat

OPEN Price Action: Opendoor Technologies shares were up 0.94% at $5.37 during early trading Friday, according to Benzinga Pro. Over the past month, OPEN has gained about 8.5% versus 8.2% rise in the S&P 500 and is down roughly 9% year-to-date compared to the index’s 6.7% gain.

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