Key Takeaways OPEN posted Q2 revenues of $1.6B and $23M in positive adjusted EBITDA, its first since 2022.The shift to agent-led services has boosted listing conversions and cash offer finalizations.Despite short-term EBITDA pressure, OPEN's distributed model targets resilient, capital-light growth.Opendoor Technologies (OPEN) is reshaping its business model around a distributed platform strategy that could become the company’s most durable engine of profitability. By shifting from a single-product iBuyer t ...