Opendoor Technologies Inc 2026年季度报告

(Mark One) ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the quarterly period ended March31, 2026OR☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the transition period from ___________ to ____________. Commission file number 001-39253 Opendoor Technologies Inc.(Exact name of registrant as specified in its charter) Delaware 30-1318214 (State or other jurisdiction ofincorporation or organization)(I.R.S. Employer Identification No.) 1295 West Washington Street,Suite 115Tempe, AZ 85288(Address of Principal Executive Offices)(Zip Code) (480) 618-6760Registrant's telephone number, including area code Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities ExchangeAct of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has beensubject to such filing requirements for the past 90 days. Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant toRule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant wasrequired to submit such files). Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reportingcompany, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,”and “emerging growth company” in Rule 12b-2 of the Exchange Act. TABLE OF CONTENTS If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complyingwith any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☐No☒ The number of shares of registrant’s common stock outstanding as ofApril 30, 2026 was approximately 964,736,632. TABLE OF CONTENTS OPENDOOR TECHNOLOGIES INC. As used in this Quarterly Report on Form10-Q, unless the context requires otherwise, references to “Opendoor,” the “Company,”“we,” “us,” and “our,” and similar references refer to Opendoor Technologies Inc. and its wholly owned subsidiaries following the BusinessCombination (as defined herein) and to Opendoor Labs Inc. prior to the Business Combination.FORWARD-LOOKING STATEMENTS This Quarterly Report on Form10-Q contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Allstatements other than statements of historical facts contained in this Quarterly Report on Form10-Q, including, without limitation,statements regarding: current and future health and stability of the real estate housing market and general economy; volatility of mortgageinterest rates; changes in resale clearance rates and expectations regarding future behavior of consumers and partners; the health and statusof our financial condition; our liquidity position; anticipated future results of operations or financial performance; priorities of the Companyto achieve future financial and business goals; impacts to our business from political and regulatory activity, including recent trade policies,tariffs and geopolitical conflict; the likelihood of offer acceptance among high-quality homes in response to refinements to our spreadpolicy; our ability to continue to effectively navigate the markets in which we operate; anticipated future and ongoing impacts and benefitsof acquisitions, partnership channel expansions, product innovations and other business decisions; health of our balance sheet to weatherongoing market transitions and any expectation to quickly re-scale in the future upon market stabilization; our ability to adopt an effectiveapproach to manage economic and industry risk, as well as inventory health, including by improving the quality of homes in our portfolioand supporting faster sell-through; our expectations with respect to the future success of our partnerships; our business strategy and plans,including plans to grow market share; market opportunity and expansion and objectives of management for future operations, includingstatements regarding the benefits and timing of the roll out of new products or technology, including our mortgage product, and ourexpectations regarding improving customer experience and unit economics through such mortgage product; and the expected diversificationof funding sources, are forward-looking statements. When used in this Quarterly Report on Form10-Q, words such as “anticipate,”“believe,” “contemplate,”