Opendoor Technologies Inc. (OPEN)

Opendoor Income Statement

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

Year	2023	2022	2021	2020	2019
Revenue	6,946	15,567	8,021	2,583	4,741
Revenue Growth (YoY)	-55.38%	94.08%	210.53%	-45.52%	157.93%
Cost of Revenue	6,459	14,900	7,291	2,363	4,440
Gross Profit	487	667	730	220	301
Selling, General & Admin	692	1,352	1,164	321	498
Research & Development	167	169	134	56	51
Other Operating Expenses	14	77	0	29	0
Operating Expenses	873	1,598	1,298	406	549
Operating Income	-386	-931	-568	-186	-248
Interest Expense / Income	211	385	143	68	110
Other Expense / Income	-323	35	-50	-1	-17
Pretax Income	-274	-1,351	-661	-253	-341
Income Tax	1	2	1	0	0
Net Income	-275	-1,353	-662	-253	-341
Shares Outstanding (Basic)	657	627	593	109	80
Shares Outstanding (Diluted)	657	627	593	109	80
Shares Change	4.78%	5.83%	442.15%	36.67%	1.80%
EPS (Basic)	-0.42	-2.16	-1.12	-2.31	-4.26
EPS (Diluted)	-0.42	-2.16	-1.12	-2.31	-4.37
Free Cash Flow	2,307	693	-5,827	665	-300
Free Cash Flow Per Share	3.51	1.10	-9.83	6.08	-3.75
Gross Margin	7.01%	4.28%	9.10%	8.52%	6.35%
Operating Margin	-5.56%	-5.98%	-7.08%	-7.20%	-5.23%
Profit Margin	-3.96%	-8.69%	-8.25%	-9.79%	-7.19%
Free Cash Flow Margin	33.21%	4.45%	-72.65%	25.75%	-6.33%
EBITDA	9	-876	-463	-122	-192
EBITDA Margin	0.13%	-5.63%	-5.77%	-4.72%	-4.05%
Depreciation & Amortization	72	90	55	63	39
EBIT	-63	-966	-518	-185	-231
EBIT Margin	-0.91%	-6.21%	-6.46%	-7.16%	-4.87%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).