Opendoor Technologies Inc. (OPEN)

Opendoor Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue	4,371	5,153	6,946	15,567	8,021
Revenue Growth (YoY)	-15.18%	-25.81%	-55.38%	94.08%	210.53%
Cost of Revenue	4,021	4,720	6,459	14,900	7,291
Gross Profit	350	433	487	667	730
Selling, General & Admin	548	595	691	1,352	1,163
Research & Development	75	134	158	166	131
Operating Expenses	623	729	849	1,518	1,294
Operating Income	-273	-296	-362	-851	-564
Interest Expense	-131	-133	-211	-385	-143
Interest & Investment Income	39	53	106	22	3
Other Non Operating Income (Expenses)	6	4	2	3	12
EBT Excluding Unusual Items	-359	-372	-465	-1,211	-692
Merger & Restructuring Charges	-10	-17	-14	-17	-
Impairment of Goodwill	-	-	-	-60	-
Gain (Loss) on Sale of Investments	-3	-7	-1	-35	35
Gain (Loss) on Sale of Assets	-	14	-	-	-
Asset Writedown	-4	-7	-10	-3	-4
Other Unusual Items	-924	-2	216	-25	-
Pretax Income	-1,300	-391	-274	-1,351	-661
Income Tax Expense	-	1	1	2	1
Earnings From Continuing Operations	-1,300	-392	-275	-1,353	-662
Net Income	-1,300	-392	-275	-1,353	-662
Net Income to Common	-1,300	-392	-275	-1,353	-662
Shares Outstanding (Basic)	767	699	657	627	593
Shares Outstanding (Diluted)	767	699	657	627	593
Shares Change (YoY)	9.59%	6.44%	4.78%	5.83%	442.15%
EPS (Basic)	-1.70	-0.56	-0.42	-2.16	-1.12
EPS (Diluted)	-1.70	-0.56	-0.42	-2.16	-1.12
Free Cash Flow	1,037	-620	2,307	693	-5,827
Free Cash Flow Per Share	1.35	-0.89	3.51	1.10	-9.83
Gross Margin	8.01%	8.40%	7.01%	4.29%	9.10%
Operating Margin	-6.25%	-5.74%	-5.21%	-5.47%	-7.03%
Profit Margin	-29.74%	-7.61%	-3.96%	-8.69%	-8.25%
Free Cash Flow Margin	23.72%	-12.03%	33.21%	4.45%	-72.65%
EBITDA	-229	-248	-297	-768	-517
EBITDA Margin	-5.24%	-4.81%	-4.28%	-4.93%	-6.44%
D&A For EBITDA	44	48	65	83	47
EBIT	-273	-296	-362	-851	-564
EBIT Margin	-6.25%	-5.74%	-5.21%	-5.47%	-7.03%
Advertising Expenses	47	86	75	200	123

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q