Opendoor Technologies Inc. (OPEN)

OPEN Financials

OPEN Quarterly Income Statement (USD)

Quarterly Report	TTM	03/31/2026	12/31/2025	09/30/2025	06/30/2025	03/31/2025	12/31/2024	09/30/2024	06/30/2024
Revenue	3.938B	720.000M	736.000M	915.000M	1.567B	1.153B	1.084B	1.377B	1.511B
Cost of Goods Sold	3.626B	648.000M	690.000M	849.000M	1.439B	1.054B	999.000M	1.272B	1.382B
Gross Profit	312.000M	72.000M	46.000M	66.000M	128.000M	99.000M	85.000M	105.000M	129.000M
Gross Profit Margin	10.0%	10.0%	6.3%	7.2%	8.2%	8.6%	7.8%	7.6%	8.5%
Total Operating Expenses	703.000M	231.000M	197.000M	134.000M	141.000M	155.000M	179.000M	172.000M	201.000M
Research & Development	82.000M	24.000M	18.000M	19.000M	21.000M	21.000M	33.000M	30.000M	37.000M
Selling, General & Administrative	624.000M	207.000M	189.000M	114.000M	114.000M	131.000M	129.000M	142.000M	164.000M
Operating Income (EBIT)	-391.000M	-159.000M	-151.000M	-68.000M	-13.000M	-56.000M	-94.000M	-67.000M	-72.000M
Operating Margin	-22.1%	-22.1%	-20.5%	-7.4%	-0.8%	-4.9%	-8.7%	-4.9%	-4.8%
Income Before Tax (EBT)	-1.388B	-173.000M	-1.097B	-89.000M	-29.000M	-85.000M	-113.000M	-78.000M	-91.000M
Interest Income	—	—	—	—	—	—	—	—	—
Interest Expense	75.000M	-23.000M	28.000M	34.000M	36.000M	33.000M	32.000M	34.000M	30.000M
Other Income/Expense	-997.000M	-14.000M	-946.000M	-21.000M	-16.000M	-29.000M	-19.000M	-11.000M	-19.000M
Net Income	-1.388B	-173.000M	-1.096B	-90.000M	-29.000M	-85.000M	-113.000M	-78.000M	-92.000M
Income Tax Expense	0.00	0.00	-1.000M	1.000M	0.00	0.00	0.00	0.00	1.000M
Net Profit Margin	-24.0%	-24.0%	-148.9%	-9.8%	-1.9%	-7.4%	-10.4%	-5.7%	-6.1%
EBITDA	-1.285B	-196.000M	-1.058B	-50.000M	19.000M	-41.000M	-62.000M	-32.000M	-48.000M
EBITDA Margin	-27.2%	-27.2%	-143.8%	-5.5%	1.2%	-3.6%	-5.7%	-2.3%	-3.2%
Depreciation & Amortization	28.000M	0.00	11.000M	5.000M	12.000M	11.000M	12.000M	12.000M	13.000M
EPS Basic	-1.76	-0.18	-1.42	-0.12	-0.04	-0.12	-0.16	-0.11	-0.13
EPS Diluted	-1.76	-0.18	-1.42	-0.12	-0.04	-0.12	-0.16	-0.11	-0.13
Shares Outstanding	959.332M	959.332M	766.531M	741.939M	729.484M	723.542M	716.317M	705.359M	693.445M
Diluted Shares Outstanding	959.332M	959.332M	766.531M	741.939M	729.484M	723.542M	716.317M	705.359M	693.445M

OPEN Annual Income Statement (USD)

Annual Report	12/31/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018
Revenue	4.371B	5.153B	6.946B	15.567B	8.021B	2.583B	4.741B	1.838B
Cost of Goods Sold	4.067B	4.720B	6.459B	14.900B	7.291B	2.363B	4.440B	1.705B
Gross Profit	304.000M	433.000M	487.000M	667.000M	730.000M	220.000M	301.000M	133.428M
Gross Profit Margin	7.0%	8.4%	7.0%	4.3%	9.1%	8.5%	6.3%	7.3%
Total Operating Expenses	577.000M	753.000M	873.000M	1.598B	1.298B	406.000M	549.000M	297.100M
Research & Development	79.000M	141.000M	167.000M	169.000M	134.000M	58.000M	51.000M	28.458M
Selling, General & Administrative	548.000M	595.000M	692.000M	1.352B	1.164B	348.000M	498.000M	268.642M
Operating Income (EBIT)	-273.000M	-320.000M	-386.000M	-931.000M	-568.000M	-186.000M	-248.000M	-163.672M
Operating Margin	-6.2%	-6.2%	-5.6%	-6.0%	-7.1%	-7.2%	-5.2%	-8.9%
Income Before Tax (EBT)	-1.300B	-391.000M	-274.000M	-1.351B	-661.000M	-253.000M	-339.000M	-239.552M
Interest Income	—	—	—	—	—	—	—	—
Interest Expense	131.000M	133.000M	211.000M	385.000M	143.000M	67.806M	110.000M	60.456M
Other Income/Expense	-1.027B	-71.000M	112.000M	-420.000M	-93.000M	-67.000M	-91.000M	-75.880M
Net Income	-1.300B	-392.000M	-275.000M	-1.353B	-662.000M	-253.000M	-341.000M	-241.291M
Income Tax Expense	0.00	1.000M	1.000M	2.000M	1.000M	0.00	0.00	377K
Net Profit Margin	-29.7%	-7.6%	-4.0%	-8.7%	-8.3%	-9.8%	-7.2%	-13.1%
EBITDA	-1.123B	-243.000M	9.000M	-876.000M	-509.000M	-122.000M	-190.000M	-166.315M
EBITDA Margin	-25.7%	-4.7%	0.1%	-5.6%	-6.3%	-4.7%	-4.0%	-9.0%
Depreciation & Amortization	46.000M	53.000M	72.000M	90.000M	55.000M	63.000M	39.000M	12.781M
EPS Basic	-1.70	-0.56	-0.42	-2.16	-1.12	-2.31	-4.26	-0.46
EPS Diluted	-1.70	-0.56	-0.42	-2.16	-1.12	-2.31	-4.26	-0.46
Shares Outstanding	766.531M	699.457M	657.111M	627.105M	592.574M	109.301M	79.977M	544.423M
Diluted Shares Outstanding	766.531M	699.457M	657.111M	627.105M	592.574M	109.301M	79.977M	544.423M

Values are displayed in USD. Negative numbers shown in red.

Values are displayed in USD. Negative numbers are shown in red.

About Opendoor Technologies Inc.

Founded in 2013, Opendoor Technologies Inc. provides a digital ecosystem for residential real estate transactions throughout the United States. This platform allows individuals to efficiently purchase and sell homes entirely online. Based in Tempe, Arizona, the company further offers supporting services like title insurance and escrow.

Tempe, AZ

1,470 employees

www.opendoor.com

Real Estate / Real Estate - Services

Sector: Real Estate
Industry: Real Estate - Services
CEO: Kasra Nejatian

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