Opendoor Technologies Financial Statements
NASDAQ: OPENFinanceReal EstateUSD
Market open · Delayed 15 min · as of Oct 9, 10:59 AM ET
Opendoor Technologies revenue and earnings
In fiscal 2025, Opendoor Technologies generated $4.37 billion in revenue, down 15.2% from fiscal 2024, its first annual decline since 2024. Opendoor Technologies reported a net loss of $1.30 billion, compared with a loss of $392.0 million a year earlier. Gross margin was 8.0% (down from 8.4%) and operating margin -6.6%.
Diluted earnings per share came in at -$1.70. Over the last 5 fiscal years, OPEN's revenue has grown at a 11.1% compound annual rate.
Summary generated from market data by MetaCap's automated system. Methodology
Opendoor Technologies income statement (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 4.37B | 5.15B | 6.95B | 15.57B | 8.02B | 2.58B | 4.74B | 1.84B |
| Revenue growth (YoY) | -15.18% | -25.81% | -55.38% | +94.08% | +210.53% | -45.52% | +157.93% | — |
| Cost of Revenue | 4.02B | 4.72B | 6.46B | 14.90B | 7.29B | 2.36B | 4.44B | 1.70B |
| Gross Profit | 350.00M | 433.00M | 487.00M | 667.00M | 730.00M | 220.00M | 301.00M | 133.43M |
| Operating Expenses | 637.00M | 753.00M | 873.00M | 1.60B | 1.30B | 406.00M | 549.00M | 297.10M |
| Research & Development | 79.00M | 141.00M | 167.00M | 169.00M | 134.00M | 56.00M | 51.00M | 28.46M |
| Selling, General & Admin | 548.00M | 595.00M | 692.00M | 1.35B | 1.16B | 321.00M | 498.00M | 268.64M |
| Operating Income | -287.00M | -320.00M | -386.00M | -931.00M | -568.00M | -186.00M | -248.00M | -163.67M |
| Interest Expense | 131.00M | 133.00M | 211.00M | 385.00M | 143.00M | 68.00M | 110.00M | 60.46M |
| Other Income (Expense) | 42.00M | 64.00M | 107.00M | -10.00M | 38.00M | 4.00M | 13.00M | 2.60M |
| Pretax Income | -1.30B | -391.00M | -274.00M | -1.35B | -661.00M | -253.00M | -339.00M | -239.55M |
| Income Tax | 0 | 1.00M | 1.00M | 2.00M | 1.00M | 0 | 0 | 377.00K |
| Net Income | -1.30B | -392.00M | -275.00M | -1.35B | -662.00M | -253.00M | -341.00M | -241.29M |
| Net Income growth (YoY) | — | — | — | — | — | — | — | — |
| EPS (Basic) | -1.70 | -0.56 | -0.42 | -2.16 | -1.12 | -2.31 | -4.26 | -3.16 |
| EPS (Diluted) | -1.70 | -0.56 | -0.42 | -2.16 | -1.12 | -2.31 | -4.37 | -3.16 |
| Shares Outstanding (Basic) | 766.53M | 699.46M | 657.11M | 627.11M | 592.57M | 109.30M | 79.98M | 78.56M |
| Shares Outstanding (Diluted) | 766.53M | 699.46M | 657.11M | 627.11M | 592.57M | 109.30M | 79.98M | 78.56M |
| EBITDA | -256.00M | -287.00M | -348.00M | -894.00M | -541.00M | -164.00M | -233.00M | -159.07M |
| Gross Margin | 8.01% | 8.40% | 7.01% | 4.28% | 9.10% | 8.52% | 6.35% | 7.26% |
| Operating Margin | -6.57% | -6.21% | -5.56% | -5.98% | -7.08% | -7.20% | -5.23% | -8.90% |
| Net Margin | -29.74% | -7.61% | -3.96% | -8.69% | -8.25% | -9.79% | -7.19% | -13.13% |
This table shows 8 annual periods of Opendoor Technologies's income statement, from FY 2025 back to FY 2018, across 20 line items including revenue, cost of revenue, gross profit. Values in USD; B = billions, M = millions. Fiscal periods follow OPEN's reporting calendar. What is a income statement?