Opendoor Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	-1,300	-392	-275	-1,353	-662
Depreciation & Amortization	46	53	72	90	55
Loss (Gain) From Sale of Assets	-	-14	-	-	-
Asset Writedown & Restructuring Costs	-	-	-	60	-
Loss (Gain) From Sale of Investments	3	7	1	35	-35
Stock-Based Compensation	159	114	126	171	536
Other Operating Activities	986	66	-138	761	35
Change in Inventory	1,172	-449	2,613	896	-5,656
Change in Accounts Payable	-7	31	-38	-25	76
Change in Other Net Operating Assets	-10	-11	-18	85	-144
Operating Cash Flow	1,049	-595	2,344	730	-5,794
Operating Cash Flow Growth	-	-	221.10%	-	-
Capital Expenditures	-12	-25	-37	-37	-33
Cash Acquisitions	-	-	-	-10	-33
Divestitures	-	-2	-	-	-
Sale (Purchase) of Intangibles	-	-	-	-	-1
Investment in Securities	-	55	81	281	-409
Investing Cash Flow	-12	28	44	234	-476
Short-Term Debt Issued	-	-	-	114	192
Long-Term Debt Issued	801	500	238	10,108	12,452
Total Debt Issued	801	500	238	10,222	12,644
Short-Term Debt Repaid	-	-	-	-121	-192
Long-Term Debt Repaid	-2,665	-715	-2,877	-11,822	-5,957
Total Debt Repaid	-2,665	-715	-2,877	-11,943	-6,149
Net Debt Issued (Repaid)	-1,864	-215	-2,639	-1,721	6,495
Issuance of Common Stock	1,388	5	5	6	923
Other Financing Activities	-23	-	-5	-36	-76
Financing Cash Flow	-499	-210	-2,639	-1,751	7,342
Net Cash Flow	538	-777	-251	-787	1,072
Free Cash Flow	1,037	-620	2,307	693	-5,827
Free Cash Flow Growth	-	-	232.90%	-	-
Free Cash Flow Margin	23.72%	-12.03%	33.21%	4.45%	-72.65%
Free Cash Flow Per Share	1.35	-0.89	3.51	1.10	-9.83
Cash Interest Paid	120	121	203	355	122
Levered Free Cash Flow	907.5	-37.13	2,554	1,365	-6,295
Unlevered Free Cash Flow	989.38	46	2,686	1,605	-6,206
Change in Working Capital	1,155	-429	2,557	956	-5,724

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

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