This Was the Most Important Update in Opendoor's Earnings Report

This was the most impressive of many positive updates.Opendoor Technologies (OPEN 4.70%) released a fourth-quarter earnings report that largely impressed investors last week. Although there's still a steep climb higher, you can see the light at the end of the tunnel. There were several positive updates about how the business is recovering, but there was one that stood out. Image source: Getty Images. One of the highlights included a 46% increase sequentially in homes bought, driving higher volume to increase scale and get closer to profitability. October was the first full month under new CEO Kaz Nejatian's new growth strategy, and it was the company's most profitable October on record. The October acquisition cohort is already 50% sold or under contract, twice as much year over year. ExpandNASDAQ: OPENOpendoor TechnologiesToday's Change(-4.70%) $-0.23Current Price$4.76Key Data PointsMarket Cap$4.8BDay's Range$4.62 - $5.3852wk Range$0.51 - $10.87Volume1.6MAvg Vol65MGross Margin8.01% But the metric that I found the most impressive was the percentage of homes on the market for more than 120 days. That number fell from 51% at the end of the third quarter to 33% at the end of the fourth quarter. This metric has a longer time frame than many of the other excellent ones, which were mostly focused on the month of October. While they're likely to be emulated, those are still a tiny slice of what else is going on. The fourth-quarter report was strong, and it looks like there could be a recovery in progress. If Opendoor can continue on this trajectory, it could offer explosive opportunities for investors.Read NextFeb 23, 2026 •By Will HealyPrentice Capital Loads Up Opendoor Technologies Stock With 553,000 SharesFeb 13, 2026 •By Jennifer SaibilShould You Buy Opendoor Stock Before Feb. 19?Feb 6, 2026 •By Keith NoonanOpendoor Technologies: Disruptive Real Estate Stock or Value Trap?​Feb 4, 2026 •By Jennifer SaibilWhy Opendoor Stock Dropped 12% in JanuaryFeb 1, 2026 •By Reuben Gregg BrewerWhat Long-Term Investors Should Understand About Opendoor Before Buying the Stock​Jan 27, 2026 •By Anthony Di PizioThis Unstoppable Stock Soared by 264% in 2025. Here's What Could Happen in 2026.About the AuthorJennifer Saibil has been a contributing Motley Fool stock market analyst covering the consumer goods and financial sectors since 2019. She previously worked in the financial sector and has written for other finance publications. She holds a bachelor’s degree in finance from Yeshiva University and a master’s degree in public administration from New York University’s Wagner School of Public Service.TMFanibirdStocks MentionedOpendoor TechnologiesNASDAQ: OPEN$4.76 (4.70%) $0.23*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.