The iBuyer's latest earnings report comes amid a bumpy year in which it faced the prospect of delisting from the stock market, as well as rally that ultimately saved it
While shares in rival iBuyer Offerpad also went on a rollercoaster ride in July, the company's market capitalization remains below the New York Stock Exchange's $50M minimum requirement
Both of the money-losing iBuyers had been warned they could face delisting, but investors have taken a fancy to the companies — which have both posted triple-digit gains in July
Opendoor, which posted a $392M 2024 net loss and faced delisting from the Nasdaq Stock Market, has seen shares surge 283% in the last month
After pilot tests in 11 markets, iBuyer expands its Key Connections program that puts partner real estate agents in touch with high-intent sellers who want to explore their options