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Opendoor’s stock has spent months in precarious territory and now, the warning siren is blaring.
The company has received a notice from Nasdaq after its share price fell below $1 for 30 consecutive business days, triggering compliance concerns, according to a recent SEC filing.
Shares in Opendoor, which haven’t closed above $1 since April 11, touched an all-time low of 59 cents Monday.
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Falling under the $1 mark for an extended period is risky, as companies that don’t recover are subject to delisting.
A spokesperson from Opendoor told Inman that the notice was expected and emphasized that it has no immediate effect on operations.
“We want to be clear — this notice was anticipated, and has no immediate effect on our business operations. Our stock will continue to trade publicly on Nasdaq,” the spokesperson shared via email.
The company has 180 days — until late November 2025 — to regain compliance. If needed, Opendoor may qualify for an additional 180-day extension.
“We have various options available to us to regain compliance, including effecting a reverse stock split,” Opendoor’s spokesperson added. “We are evaluating each of our alternatives, while remaining focused on our mission to transform the U.S. residential real estate industry.”
If the company fails to meet Nasdaq’s listing standards in time, delisting will follow.
The stock market has been under pressure since the news of President Trump’s sweeping tariffs sent shares across a variety of sectors tumbling. Opendoor wasn’t spared.
The company posted an $85 million loss in Q1 2025, following a $113 million loss in Q4 of 2024. Its stock has steadily declined since.
Opendoor isn’t alone in these losses. In April, Offerpad was put on notice by the New York Stock Exchange (NYSE) due to market capitalization that dropped below $50 million, while Fathom Holdings was contacted by Nasdaq as its stock value fell below the $1 threshold.
Tom White, a senior research analyst for D.A. Davidson, suggests that Fathom’s age plays a role in these struggles, aside from broader economic conditions.
Despite the turbulence, Opendoor CEO Carrie Wheeler remains optimistic that the company is positioned “for long-term success,” she told investors in May.
