Company research / OPEN

Opendoor Technologies Inc. (OPEN)

Also trades as OPENL, OPENW, OPENZ. Every security a company lists rests on one set of financial statements, so these figures cover the whole company.

CIK 0001801169 · Nasdaq · Real Estate Agents & Managers (For Others)

  • Sector Finance & Real Estate
  • Fiscal year ends Dec 31

For the year ended 2025-12-31, Opendoor Technologies Inc. reported revenue of $4.37B. Revenue fell 15.2% from the prior annual period. Over the twelve months to 2026-06-30, revenue was $3.25B.

Key ratios (year ended 2025-12-31)

8.0%
Gross margin
-6.6%
Operating margin
-29.7%
Net margin
-129.4%
Return on year-end equity
-15.2%
Revenue growth (YoY)

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Latest selected filing: Form 4 (ownership change) · 2026-09-16

Annual financials

Annual flows and balances are grouped by their actual period end. Select a figure to open its SEC filing. n/a means a matching observation is unavailable. Free cash flow is operating cash flow minus capital expenditures, and EBITDA is operating income plus depreciation and amortization, for the same period, computed by TickerFacts.

The first column covers the twelve months to 2026-06-30 from the latest quarterly report: flows are the last fiscal year plus this year to date minus the same months a year earlier, and balances are as of that date. Per-share figures are annual only.

Period endedTTM to
2026-06-30
2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-31
Revenue$3.25B$4.37B$5.15B$6.95B$15.57B$8.02B$2.58B$4.74B$1.84B
Cost of Revenue$2.97B$4.02B$4.72B$6.46B$14.90B$7.29B$2.36B$4.44B$1.70B
Gross Profit$281.00M$350.00M$433.00M$487.00M$667.00M$730.00M$220.00M$301.00M$133.43M
R&D Expense$88.00M$79.00M$141.00M$167.00M$169.00M$134.00M$56.00M$51.00M$28.46M
Operating Income-$521.00M-$287.00M-$320.00M-$386.00M-$931.00M-$568.00M-$186.00M-$248.00M-$163.67M
Depreciation & Amortization$26.00M$31.00M$33.00M$38.00M$37.00M$27.00M$22.00M$15.00M$4.60M
EBITDA-$495.00M-$256.00M-$287.00M-$348.00M-$894.00M-$541.00M-$164.00M-$233.00M-$159.07M
Net Income-$1.52B-$1.30B-$392.00M-$275.00M-$1.35B-$662.00M-$253.00M-$341.00M-$241.29M
EPS (Diluted)n/a-$1.70-$0.56-$0.42-$2.16-$1.12-$2.31-$4.37-$3.16
Total Assets$2.96B$2.41B$3.13B$3.57B$6.61B$9.51B$2.18B$2.23Bn/a
Total Liabilities$2.05B$1.40B$2.41B$2.60B$5.52B$7.26B$623.00M$1.58Bn/a
Long-Term Debtn/an/an/an/an/an/a$135.47Mn/an/a
Shareholders' Equity$914.00M$1.00B$713.00M$967.00M$1.09B$2.25B$1.55B-$733.00M-$413.37M
Cash & Equivalents$896.00M$962.00M$671.00M$999.00M$1.14B$1.73B$1.41B$405.00M$262.37M
Operating Cash Flow-$459.00M$1.05B-$595.00M$2.34B$730.00M-$5.79B$682.00M-$272.00M-$1.18B
Capital Expenditures$15.00M$12.00M$25.00M$37.00M$37.00M$33.00M$17.00M$28.00M$20.02M
Free Cash Flow-$474.00M$1.04B-$620.00M$2.31B$693.00M-$5.83B$665.00M-$300.00M-$1.20B
Share Repurchasesn/an/an/an/an/a$0$0$3.00M$37.78M
Shares Outstanding968.63M957.25M719.99M677.64M637.39M616.03M540.71M83.75Mn/a
Weighted Average Diluted Sharesn/a766.53M699.46M657.11M627.11M592.57M109.30M79.98M78.56M
EPS (Basic)n/a-$1.70-$0.56-$0.42-$2.16-$1.12-$2.31-$4.26-$3.16

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