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Opendoor Technologies Inc (OPEN) Financial History

20 years of revenue, earnings, cash-flow and balance-sheet history from public filings.

REAL ESTATE · REAL ESTATE SERVICES · DATA UPDATED 2026-08-28

Opendoor Technologies Inc (OPEN) operates in the REAL ESTATE SERVICES industry and is headquartered in Tempe, United States with about 1,042 employees. Its market capitalization is roughly $2 billion. In the fiscal year ended 2025-12-31, OPEN reported $4.4B in revenue and ($1.3B) in net income.

Opendoor Technologies Inc. operates a digital platform for residential real estate transactions in the United States. It buys and sells homes through online e-commerce platform. The company also resells the home to a home buyer.

Interactive charts & full statements → Open the OPEN valuation workbench →

OPEN Revenue & Earnings History — Annual Income Statement

Income statementTTM → 2026-06-302025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-31
Total Revenue$3.3B$4.4B$5.2B$6.9B$15.6B$8.0B$2.6B$4.7B$1.8B$711M
Gross Profit$270M$304M$433M$487M$667M$730M$220M$301M$133M$66M
Gross Margin %8.3%7.0%8.4%7.0%4.3%9.1%8.5%6.3%7.3%9.3%
Operating Income (EBIT)($522M)($273M)($320M)($386M)($931M)($568M)($186M)($248M)($164M)($62M)
Operating Margin %-16.0%-6.2%-6.2%-5.6%-6.0%-7.1%-7.2%-5.2%-8.9%-8.7%
Net Income($1.5B)($1.3B)($392M)($275M)($1.4B)($662M)($253M)($341M)($241M)($85M)
Net Margin %-46.7%-29.7%-7.6%-4.0%-8.7%-8.2%-9.8%-7.2%-13.1%-11.9%
EBITDA($1.4B)($1.1B)($243M)$9M($876M)($509M)($122M)($190M)($166M)($54M)
Earnings Per Share (EPS)$-1.90$-1.70$-0.56$-0.42$-2.16$-1.12$-2.31$-0.63$-0.44$-2.12
Shares Outstanding (M)966M767M699M657M627M593M109M544M40M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

OPEN Quarterly Revenue & Earnings — Last 8 Quarters

Quarterly income statement2026-06-302026-03-312025-12-312025-09-302025-06-302025-03-312024-12-312024-09-30
Total Revenue$883M$720M$736M$915M$1.6B$1.2B$1.1B$1.4B
Gross Profit$86M$72M$46M$66M$128M$99M$85M$105M
Gross Margin %9.7%10.0%6.2%7.2%8.2%8.6%7.8%7.6%
Operating Income (EBIT)($144M)($159M)($151M)($68M)($13M)($56M)($94M)($67M)
Operating Margin %-16.3%-22.1%-20.5%-7.4%-0.8%-4.9%-8.7%-4.9%
Net Income($162M)($173M)($1.1B)($90M)($29M)($85M)($113M)($78M)
Net Margin %-18.4%-24.0%-148.9%-9.8%-1.8%-7.4%-10.4%-5.7%
EBITDA($128M)($142M)($1.1B)($50M)$19M($41M)($62M)($32M)
Earnings Per Share (EPS)$-0.17$-0.18$-1.43$-0.12$-0.04$-0.12$-0.16$-0.11
Shares Outstanding (M)966M959M767M742M729M724M716M705M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

OPEN Free Cash Flow History

Cash flowTTM → 2026-06-302025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-31
Cash from Operations (CFO)($459M)$1.0B($595M)$2.3B$730M($5.8B)$682M($272M)($1.2B)($219M)
Capital Expenditures (CapEx)$15M$12M$25M$37M$37M$33M$17M$28M$20M$3M
Free Cash Flow (FCF)($474M)$1.0B($620M)$2.3B$693M($5.8B)$665M($300M)($1.2B)($221M)
FCF Margin %-14.6%23.7%-12.0%33.2%4.5%-72.7%25.8%-6.3%-65.3%-31.1%
Dividends Paid$321M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

OPEN Quarterly Free Cash Flow — Last 8 Quarters

Quarterly cash flow2026-06-302026-03-312025-12-312025-09-302025-06-302025-03-312024-12-312024-09-30
Cash from Operations (CFO)($718M)($246M)$70M$435M$823M($279M)($80M)$62M
Capital Expenditures (CapEx)$5M$4M$3M$3M$2M$4M$3M$6M
Free Cash Flow (FCF)($723M)($250M)$67M$432M$821M($283M)($83M)$56M
FCF Margin %-81.9%-34.7%9.1%47.2%52.4%-24.5%-7.7%4.1%

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

OPEN Balance Sheet History

Balance sheet2026-06-302025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-31
Total Assets$3.0B$2.4B$3.1B$3.6B$6.6B$9.5B$2.2B$2.2B$1.8B
Cash & Cash Equivalents$896M$962M$671M$999M$1.1B$1.7B$1.4B$405M$262M
Total Liabilities$2.0B$1.4B$2.4B$2.6B$5.5B$7.3B$623M$3.0B$1.2B
Total Debt (Short + Long-Term)$1.1B$1.1B$2.3B$2.5B$5.4B$7.1B$502M$1.4B$1.0B
Total Shareholders' Equity$914M$1.0B$713M$967M$1.1B$2.2B$1.6B($733M)$667M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

Quarterly statements, profitability ratios, price history, insider activity and institutional holders are in the interactive OPEN viewer.

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