Opendoor Technologies Inc.
Shortcut
-0.07Normalized diluted EPS
-39.3% vs Street
Street
-0.05Normalized diluted EPS
November 1 consensus snapshot
Real
-0.07Reported normalized EPS
Model download
Explore the assumptions and calculations behind the forecast. This is the agent’s original workbook. Its review didn’t finish, so it hasn’t been checked or repaired.
Shortcut’s reasoning.
Sep-9-26 update cut 3Q26 guidance to revenue +10-15% Y/Y ($1,007-1,052M), contribution profit +70-75% Y/Y and contribution margin 3.2-3.5%; model sits at $1,042M revenue and 3.3% CM ($34M CP).
Accountable dashboard: Q3 resale COEs 2,728 vs 2,653 prior-year comparable (+2.8%) with a strong late-September finish, supporting the upper half of the revenue guide via higher revenue per home (+10.75% Y/Y incl. Doma/adjacent services).
Inventory ramp (5,459 homes at 30-Jun plus ~5,000 purchases) lifts property-financing interest to ~$35M and GAAP holding costs; CFO flagged a modest rise in adjusted opex, giving Adjusted EBITDA ~$(29)M.
Adjusted Net Loss ~$(66)M on ~950M weighted diluted shares (45.3M repurchased 19-Aug-26) = $(0.07) normalized EPS vs $(0.05) consensus; GAAP EPS $(0.20) with ~$110M guided SBC.
Size/history prior 62.9% (small cap, 4 beats in 6) cut to 15% because a strict beat needs Adjusted Net Loss ~$23M better than the model even in the guide-top upside case.
On the record.
- Reporting period
- FQ3 2026 (quarter ended 2026-09-30)
- Reporting basis
- Normalized (normalized EPS) = issuer Adjusted Net Loss / weighted-average diluted shares, USD per diluted common share
- Consensus snapshot
- November 1, 2026
- Model / effort
- Opus 5.5 · High effort
- Workbook
- Original workbook · review incomplete
Record history
- Forecast generated
- Nov 1, 2026 at 11:01 PM PST
- First posted
- Nov 2, 2026 at 7:09 PM PST
- Result checked
- Nov 6, 2026 at 1:55 AM PST
Result basis
Provider normalized EPS of -$0.07 is consistent with issuer adjusted net loss of $66 million divided by 949.484 million weighted-average shares, rounded to cents. This is a calculated reconciliation; the issuer does not state adjusted EPS. GAAP EPS is -$0.23. All six frozen normalized historical EPS values match.