Opendoor Technologies Inc. (OPEN)

Opendoor Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	5,181	5,153	6,946	15,567	8,021	2,583
Revenue Growth (YoY)	14.07%	-25.81%	-55.38%	94.08%	210.53%	-45.52%
Cost of Revenue	4,764	4,720	6,459	14,900	7,291	2,361
Gross Profit	417	433	487	667	730	222
Selling, General & Admin	516	595	691	1,352	1,163	320
Research & Development	98	134	158	166	131	55
Operating Expenses	614	729	849	1,518	1,294	375
Operating Income	-197	-296	-362	-851	-564	-153
Interest Expense	-135	-133	-211	-385	-143	-68
Interest & Investment Income	37	53	106	22	3	5
Other Non Operating Income (Expenses)	6	4	-3	3	12	7
EBT Excluding Unusual Items	-289	-372	-470	-1,211	-692	-209
Merger & Restructuring Charges	-26	-17	-14	-17	-	-31
Impairment of Goodwill	-	-	-	-60	-	-
Gain (Loss) on Sale of Investments	-6	-7	4	-35	35	-
Gain (Loss) on Sale of Assets	14	14	-	-	-	-
Asset Writedown	-7	-7	-10	-3	-4	-2
Other Unusual Items	9	-2	216	-25	-	-11
Pretax Income	-305	-391	-274	-1,351	-661	-253
Income Tax Expense	-	1	1	2	1	-
Earnings From Continuing Operations	-305	-392	-275	-1,353	-662	-253
Net Income	-305	-392	-275	-1,353	-662	-253
Net Income to Common	-305	-392	-275	-1,353	-662	-253
Shares Outstanding (Basic)	719	699	657	627	593	109
Shares Outstanding (Diluted)	719	699	657	627	593	109
Shares Change (YoY)	6.05%	6.44%	4.78%	5.83%	442.15%	36.67%
EPS (Basic)	-0.42	-0.56	-0.42	-2.16	-1.12	-2.31
EPS (Diluted)	-0.43	-0.56	-0.42	-2.16	-1.12	-2.31
Free Cash Flow	511	-620	2,307	693	-5,827	665
Free Cash Flow Per Share	0.71	-0.89	3.51	1.10	-9.83	6.08
Gross Margin	8.05%	8.40%	7.01%	4.29%	9.10%	8.60%
Operating Margin	-3.80%	-5.74%	-5.21%	-5.47%	-7.03%	-5.92%
Profit Margin	-5.89%	-7.61%	-3.96%	-8.69%	-8.25%	-9.79%
Free Cash Flow Margin	9.86%	-12.03%	33.21%	4.45%	-72.65%	25.75%
EBITDA	-153	-248	-297	-768	-517	-114
EBITDA Margin	-2.95%	-4.81%	-4.28%	-4.93%	-6.44%	-4.41%
D&A For EBITDA	44	48	65	83	47	39
EBIT	-197	-296	-362	-851	-564	-153
EBIT Margin	-3.80%	-5.74%	-5.21%	-5.47%	-7.03%	-5.92%
Advertising Expenses	-	86	75	200	123	33

Updated Aug 5, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q