Opendoor Technologies Quarterly Income Statement
NASDAQ: OPENFinanceReal EstateUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Opendoor Technologies revenue and earnings
In the quarter ended Jun 30, 2026, Opendoor Technologies generated $883.0 million in revenue, down 43.7% from the same quarter a year earlier. Opendoor Technologies reported a net loss of $162.0 million, compared with a loss of $29.0 million a year earlier. Gross margin was 9.7% (up from 8.2%) and operating margin -16.3%.
Diluted earnings per share came in at -$0.17.
Summary generated from market data by MetaCap's automated system. Methodology
Opendoor Technologies income statement (quarterly)
| Quarter (USD) | Q2 20262026-06-30 | Q1 20262026-03-31 | Q4 20252025-12-31 | Q3 20252025-09-30 | Q2 20252025-06-30 | Q1 20252025-03-31 | Q4 20242024-12-31 | Q3 20242024-09-30 | Q2 20242024-06-30 | Q1 20242024-03-31 | Q4 20232023-12-31 | Q3 20232023-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 883.00M | 720.00M | 736.00M | 915.00M | 1.57B | 1.15B | 1.08B | 1.38B | 1.51B | 1.18B | 870.00M | 980.00M |
| Revenue growth (YoY) | -43.65% | -37.55% | -32.10% | -33.55% | +3.71% | -2.37% | +24.60% | +40.51% | -23.53% | -62.15% | -69.55% | -70.84% |
| Cost of Revenue | 797.00M | 648.00M | 679.00M | 849.00M | 1.44B | 1.05B | 999.00M | 1.27B | 1.38B | 1.07B | 798.00M | 884.00M |
| Gross Profit | 86.00M | 72.00M | 57.00M | 66.00M | 128.00M | 99.00M | 85.00M | 105.00M | 129.00M | 114.00M | 72.00M | 96.00M |
| Operating Expenses | 230.00M | 231.00M | 207.00M | 134.00M | 141.00M | 155.00M | 179.00M | 172.00M | 201.00M | 201.00M | 187.00M | 175.00M |
| Research & Development | 27.00M | 24.00M | 18.00M | 19.00M | 21.00M | 21.00M | 33.00M | 30.00M | 37.00M | 41.00M | 46.00M | 42.00M |
| Selling, General & Admin | 200.00M | 207.00M | 189.00M | 114.00M | 114.00M | 131.00M | 129.00M | 142.00M | 164.00M | 160.00M | 137.00M | 133.00M |
| Operating Income | -144.00M | -159.00M | -150.00M | -68.00M | -13.00M | -56.00M | -94.00M | -67.00M | -72.00M | -87.00M | -115.00M | -79.00M |
| Interest Expense | 29.00M | 23.00M | 28.00M | 34.00M | 36.00M | 33.00M | 32.00M | 34.00M | 30.00M | 37.00M | 37.00M | 47.00M |
| Other Income (Expense) | 11.00M | 10.00M | 14.00M | 14.00M | 10.00M | 4.00M | 14.00M | 23.00M | 12.00M | 15.00M | 27.00M | 20.00M |
| Pretax Income | -162.00M | -173.00M | -1.10B | -89.00M | -29.00M | -85.00M | -113.00M | -78.00M | -91.00M | -109.00M | -91.00M | -106.00M |
| Income Tax | 100.00K | 100.00K | -1.00M | 1.00M | 200.00K | 200.00K | 0 | 0 | 1.00M | 200.00K | 0 | 0 |
| Net Income | -162.00M | -173.00M | -1.10B | -90.00M | -29.00M | -85.00M | -113.00M | -78.00M | -92.00M | -109.00M | -91.00M | -106.00M |
| Net Income growth (YoY) | — | — | — | — | — | — | — | — | -500.00% | — | — | — |
| EPS (Basic) | -0.17 | -0.18 | -1.42 | -0.12 | -0.04 | -0.12 | -0.16 | -0.11 | -0.13 | -0.16 | -0.14 | -0.16 |
| EPS (Diluted) | -0.17 | -0.18 | -1.42 | -0.12 | -0.04 | -0.12 | -0.16 | -0.11 | -0.13 | -0.16 | -0.13 | -0.16 |
| Shares Outstanding (Basic) | 965.78M | 959.33M | — | 741.94M | 729.48M | 723.54M | — | 705.36M | 693.45M | 682.46M | — | 662.15M |
| Shares Outstanding (Diluted) | 965.78M | 959.33M | — | 741.94M | 729.48M | 723.54M | — | 705.36M | 693.45M | 682.46M | — | 662.15M |
| EBITDA | -139.00M | -153.00M | -143.00M | -60.00M | -5.00M | -48.00M | -86.00M | -60.00M | -63.00M | -78.00M | -104.00M | -71.00M |
| Gross Margin | 9.74% | 10.00% | 7.74% | 7.21% | 8.17% | 8.59% | 7.84% | 7.63% | 8.54% | 9.65% | 8.28% | 9.80% |
| Operating Margin | -16.31% | -22.08% | -20.38% | -7.43% | -83.00% | -4.86% | -8.67% | -4.87% | -4.77% | -7.37% | -13.22% | -8.06% |
| Net Margin | -18.35% | -24.03% | -148.91% | -9.84% | -1.85% | -7.37% | -10.42% | -5.66% | -6.09% | -9.23% | -10.46% | -10.82% |
This table shows 12 quarterly periods of Opendoor Technologies's income statement, from Q2 2026 back to Q3 2023, 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?