Opendoor Technologies Inc. financials
Source: EDGAR filings · Built 2026-06-02T03:44:50Z
Key metrics by reporting period
Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.
Derived Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Free Cash Flow | 1.04B | -620.00M | 2.31B | 693.00M | -5.83B | 665.00M |
| EBITDA | -256.00M | -287.00M | -348.00M | -894.00M | -541.00M | -164.00M |
| Working Capital | 1.97B | 2.47B | 3.38B | 4.96B | 4.94B | 1.66B |
| Net Debt | -762.00M | -278.00M | -599.00M | -133.00M | -731.00M | -999.34M |
| Gross Margin | 8.01% | 8.40% | 7.01% | 4.28% | 9.10% | 8.52% |
| Operating Margin | -6.57% | -6.21% | -5.56% | -5.98% | -7.08% | -7.20% |
| Net Margin | -29.74% | -7.61% | -3.96% | -8.69% | -8.25% | -9.79% |
| Return on Equity (ROE) | -129.35% | -54.98% | -28.44% | -124.59% | -29.45% | -16.29% |
| Return on Assets (ROA) | -54.01% | -12.54% | -7.71% | -20.48% | -6.96% | -11.63% |
| Current Ratio | 7.03× | 5.67× | 49.21× | 4.30× | 2.12× | 5.22× |
| Debt-to-Equity | 0.20× | 0.55× | 0.41× | 0.92× | 0.44× | 0.27× |
| Effective Tax Rate | 0.00% | -0.26% | -0.36% | -0.15% | -0.15% | 0.00% |
| Cash Conversion Ratio | -0.81× | 1.52× | -8.52× | -0.54× | 8.75× | -2.70× |
| Accruals Ratio | -0.98× | 0.06× | -0.73× | -0.32× | 0.54× | -0.43× |
| SBC % of Revenue | 3.64% | 2.21% | 1.81% | 1.10% | 6.68% | 1.47% |
| CapEx Coverage | 87.42× | -23.80× | 63.35× | 19.73× | -175.58× | 40.12× |
| Free Cash Flow Per Share | $1.35 | $-0.89 | $3.51 | $1.11 | $-9.83 | $6.08 |
Valuation Metrics
Income Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 4.37B | 5.15B | 6.95B | 15.57B | 8.02B | 2.58B |
| Cost of Revenue | 4.02B | 4.72B | 6.46B | 14.90B | 7.29B | 2.36B |
| Gross Profit | 350.00M | 433.00M | 487.00M | 667.00M | 730.00M | 220.00M |
| Research and Development Expense | 79.00M | 141.00M | 167.00M | 169.00M | 134.00M | 56.00M |
| Operating Expenses | 637.00M | 753.00M | 873.00M | 1.60B | 1.30B | 406.00M |
| Operating Income (Loss) | -287.00M | -320.00M | -386.00M | -931.00M | -568.00M | -186.00M |
| Income Tax Expense (Benefit) | 0 | 1.00M | 1.00M | 2.00M | 1.00M | 0 |
| Net Income (Loss) Attributable to Parent | -1.30B | -392.00M | -275.00M | -1.35B | -662.00M | -253.00M |
| Earnings Per Share, Basic | $-1.70 | $-0.56 | $-0.42 | $-2.16 | $-1.12 | $-2.31 |
| Weighted Average Number of Shares Outstanding, Basic | 766.53M | 699.46M | 657.11M | 627.11M | 592.57M | 109.30M |
| Earnings Per Share, Diluted | $-1.70 | $-0.56 | $-0.42 | $-2.16 | $-1.12 | $-2.31 |
| Weighted Average Number of Shares Outstanding, Diluted | 766.53M | 699.46M | 657.11M | 627.11M | 592.57M | 109.30M |
Balance Sheet
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 962.00M | 671.00M | 999.00M | 1.14B | 1.73B | 1.41B |
| Assets, Current | 2.30B | 3.00B | 3.44B | 6.47B | 9.34B | 2.05B |
| Assets | 2.41B | 3.13B | 3.57B | 6.61B | 9.51B | 2.18B |
| Long-term Debt | — | — | — | — | — | 135.47M |
| Liabilities, Current | 327.00M | 529.00M | 70.00M | 1.50B | 4.40B | 393.00M |
| Liabilities | 1.40B | 2.41B | 2.60B | 5.52B | 7.26B | 623.00M |
| Stockholders' Equity Attributable to Parent | 1.00B | 713.00M | 967.00M | 1.09B | 2.25B | 1.55B |
| Common Stock, Shares, Outstanding | 957.25M | 719.99M | 677.64M | 637.39M | 616.03M | 540.71M |
Cash Flow Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | 1.05B | -595.00M | 2.34B | 730.00M | -5.79B | 682.00M |
| Payments to Acquire Property, Plant, and Equipment | 12.00M | 25.00M | 37.00M | 37.00M | 33.00M | 17.00M |
| Net Cash Provided by (Used in) Investing Activities | -12.00M | 28.00M | 44.00M | 234.00M | -476.00M | -22.00M |
| Payments for Repurchase of Common Stock | — | — | — | — | 0 | 0 |
| Net Cash Provided by (Used in) Financing Activities | -499.00M | -210.00M | -2.64B | -1.75B | 7.34B | 161.00M |
Derived Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Free Cash Flow | -250.00M | 67.00M | 970.00M | 538.00M | -283.00M | -83.00M |
| EBITDA | -153.00M | -143.00M | -60.00M | -5.00M | -48.00M | -86.00M |
| Working Capital | 1.93B | 1.97B | 1.67B | 2.15B | 2.10B | 2.47B |
| Net Debt | -799.00M | -762.00M | -515.00M | -344.00M | -166.00M | -278.00M |
| Gross Margin | 10.00% | 7.74% | 7.21% | 8.17% | 8.59% | 7.84% |
| Operating Margin | -22.08% | -20.38% | -7.43% | -0.83% | -4.86% | -8.67% |
| Net Margin | -24.03% | -148.91% | -9.84% | -1.85% | -7.37% | -10.42% |
| Return on Equity (ROE) | -18.13% | -109.05% | -11.10% | -4.60% | -13.18% | -15.85% |
| Return on Assets (ROA) | -7.36% | -45.53% | -3.33% | -1.00% | -2.59% | -3.61% |
| Current Ratio | 7.07× | 7.03× | 2.83× | 4.35× | 2.99× | 5.67× |
| Debt-to-Equity | 0.21× | 0.20× | 0.55× | 0.71× | 0.61× | 0.55× |
| Effective Tax Rate | -0.06% | 0.09% | -1.12% | -0.69% | -0.24% | 0.00% |
| Cash Conversion Ratio | 1.42× | -0.06× | -10.88× | -18.76× | 3.28× | 0.71× |
| Accruals Ratio | 0.03× | -0.48× | -0.40× | -0.20× | 0.06× | -0.01× |
| SBC % of Revenue | 16.67% | 14.27% | 5.90% | 1.72% | 1.21% | 2.12% |
| CapEx Coverage | -61.50× | 23.33× | 108.78× | 90.67× | -69.75× | -26.67× |
| Free Cash Flow Per Share | $-0.26 | $0.09 | $1.31 | $0.74 | $-0.39 | $-0.12 |
Valuation Metrics
Income Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 720.00M | 736.00M | 915.00M | 1.57B | 1.15B | 1.08B |
| Cost of Revenue | 648.00M | 679.00M | 849.00M | 1.44B | 1.05B | 999.00M |
| Gross Profit | 72.00M | 57.00M | 66.00M | 128.00M | 99.00M | 85.00M |
| Research and Development Expense | 24.00M | 18.00M | 19.00M | 21.00M | 21.00M | 33.00M |
| Operating Expenses | 231.00M | 207.00M | 134.00M | 141.00M | 155.00M | 179.00M |
| Operating Income (Loss) | -159.00M | -150.00M | -68.00M | -13.00M | -56.00M | -94.00M |
| Income Tax Expense (Benefit) | 100.00K | -1.00M | 1.00M | 200.00K | 200.00K | 0 |
| Net Income (Loss) Attributable to Parent | -173.00M | -1.10B | -90.00M | -29.00M | -85.00M | -113.00M |
| Earnings Per Share, Basic | $-0.18 | $-1.42 | $-0.12 | $-0.04 | $-0.12 | $-0.16 |
| Weighted Average Number of Shares Outstanding, Basic | 959.33M | 766.53M | 741.94M | 729.48M | 723.54M | 699.46M |
| Earnings Per Share, Diluted | $-0.18 | $-1.42 | $-0.12 | $-0.04 | $-0.12 | $-0.16 |
| Weighted Average Number of Shares Outstanding, Diluted | 959.33M | 766.53M | 741.94M | 729.48M | 723.54M | 699.46M |
Balance Sheet
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 999.00M | 962.00M | 962.00M | 789.00M | 559.00M | 671.00M |
| Assets, Current | 2.24B | 2.30B | 2.59B | 2.80B | 3.15B | 3.00B |
| Assets | 2.35B | 2.41B | 2.70B | 2.91B | 3.28B | 3.13B |
| Liabilities, Current | 317.00M | 327.00M | 914.00M | 643.00M | 1.05B | 529.00M |
| Liabilities | 1.40B | 1.40B | 1.89B | 2.28B | 2.63B | 2.41B |
| Stockholders' Equity Attributable to Parent | 954.00M | 1.00B | 811.00M | 631.00M | 645.00M | 713.00M |
| Common Stock, Shares, Outstanding | 963.28M | 957.25M | 771.53M | 733.59M | 726.84M | 719.99M |
Cash Flow Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | -246.00M | 70.00M | 979.00M | 544.00M | -279.00M | -80.00M |
| Payments to Acquire Property, Plant, and Equipment | 4.00M | 3.00M | 9.00M | 6.00M | 4.00M | 3.00M |
| Net Cash Provided by (Used in) Investing Activities | -4.00M | -3.00M | -9.00M | 0 | 2.00M | -3.00M |
| Net Cash Provided by (Used in) Financing Activities | 16.00M | -218.00M | -281.00M | -122.00M | 207.00M | -208.00M |
Raw XBRL tagging for a single filing
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Methodology
All facts on this page come straight from SEC EDGAR XBRL
company-facts filings (OPEN CIK 0001801169),
grouped by financial statement using FASB's base
us-gaap presentation taxonomy. Filers may re-parent
concepts onto different statements in their own extension
taxonomy, so a handful of rows can show up under a different
statement than on the actual 10-K / 10-Q; custom concepts and
any we couldn't map fall into Other. Hover a
cell to see the fully-qualified concept name and the filer's
description.
For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.