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Opendoor Technologies Inc

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Key Metrics

Previous Close: $3.58
52-Week Range: $3.13 – $10.87
Market Cap: $3.37B
P/E (TTM): —
EPS (TTM): -1.89
Dividend Yield: —

Advanced Metrics

Price/Book: 3.68
PEG Ratio: —
Return on Equity: -196.89%
Return on Assets: -10.91%
Gross Margin: 8.64%
Operating Margin: -15.86%
Profit Margin: -46.74%
Current Ratio: 2.94
Debt/Equity: 2.15
Total Debt: $1.96B
Free Cash Flow: $48.75M
Revenue Growth: -43.70%
Earnings Growth: —
Enterprise Value: $4.54B

OPEN Income statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Revenue	$15.57B	$6.95B	$5.15B	$4.37B
Cost of Revenue	$14.90B	$6.46B	$4.72B	$4.02B
Gross Profit	$667.00M	$487.00M	$433.00M	$350.00M
Research & Development	$169.00M	$167.00M	$141.00M	$79.00M
Selling, General & Admin	$1.35B	$692.00M	$595.00M	$548.00M
Operating Expenses	$1.52B	$859.00M	$736.00M	$627.00M
Operating Income	-$854.00M	-$372.00M	-$303.00M	-$277.00M
EBITDA	-$876.00M	$9.00M	-$205.00M	-$1.12B
Pretax Income	-$1.35B	-$274.00M	-$391.00M	-$1.30B
Income Tax	$2.00M	$1.00M	$1.00M	$0.00
Net Income	-$1.35B	-$275.00M	-$392.00M	-$1.30B
Diluted EPS	-2.16	-0.42	-0.56	-1.70
Diluted Shares	627.11M	657.11M	699.46M	766.53M

OPEN Balance Sheet statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Cash & Equivalents	$1.14B	$999.00M	$671.00M	$962.00M
Inventory	$4.46B	$1.77B	$2.16B	$925.00M
Current Assets	$6.47B	$3.44B	$3.00B	$2.30B
Total Assets	$6.61B	$3.57B	$3.13B	$2.41B
Current Liabilities	$1.50B	$70.00M	$529.00M	$327.00M
Long-Term Debt	$3.98B	$2.51B	$1.87B	$1.07B
Total Debt	$5.40B	$2.53B	$2.32B	$1.32B
Total Liabilities	$5.52B	$2.60B	$2.41B	$1.40B
Retained Earnings	-$3.06B	-$3.33B	-$3.73B	-$5.03B
Shareholders' Equity	$1.09B	$967.00M	$713.00M	$1.00B
Working Capital	$4.96B	$3.38B	$2.47B	$1.97B
Net Debt	$4.22B	$1.51B	$1.63B	$351.00M

OPEN Cash Flow statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Operating Cash Flow	$730.00M	$2.34B	-$595.00M	$1.05B
Capital Expenditure	-$37.00M	-$37.00M	-$25.00M	-$12.00M
Free Cash Flow	$693.00M	$2.31B	-$620.00M	$1.04B
Depreciation & Amortisation	$90.00M	$72.00M	$53.00M	$46.00M
Stock-Based Compensation	$171.00M	$126.00M	$114.00M	$159.00M
Investing Cash Flow	$234.00M	$44.00M	$28.00M	-$12.00M
Financing Cash Flow	-$1.75B	-$2.64B	-$210.00M	-$499.00M
Net Change in Cash	-$787.00M	-$251.00M	-$777.00M	$538.00M

OPEN Income statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Revenue	$1.57B	$915.00M	$736.00M	$720.00M	$883.00M
Cost of Revenue	$1.44B	$849.00M	$679.00M	$648.00M	$797.00M
Gross Profit	$128.00M	$66.00M	$57.00M	$72.00M	$86.00M
Research & Development	$21.00M	$19.00M	$18.00M	$24.00M	$27.00M
Selling, General & Admin	$114.00M	$114.00M	$189.00M	$207.00M	$200.00M
Operating Expenses	$135.00M	$133.00M	$207.00M	$231.00M	$227.00M
Operating Income	-$7.00M	-$67.00M	-$150.00M	-$159.00M	-$141.00M
EBITDA	$19.00M	-$43.00M	-$1.06B	-$142.00M	-$124.00M
Pretax Income	-$29.00M	-$89.00M	-$1.10B	-$173.00M	-$162.00M
Income Tax	$0.00	$1.00M	-$1.00M	$0.00	$0.00
Net Income	-$29.00M	-$90.00M	-$1.10B	-$173.00M	-$162.00M
Diluted EPS	-0.04	-0.12	-1.26	-0.18	-0.17
Diluted Shares	729.48M	741.94M	869.82M	959.33M	965.78M

OPEN Balance Sheet statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Cash & Equivalents	$789.00M	$962.00M	$962.00M	$999.00M	$896.00M
Inventory	$1.53B	$1.05B	$925.00M	$1.14B	$1.84B
Current Assets	$2.80B	$2.59B	$2.30B	$2.24B	$2.85B
Total Assets	$2.91B	$2.70B	$2.41B	$2.35B	$2.96B
Current Liabilities	$643.00M	$914.00M	$327.00M	$317.00M	$968.00M
Long-Term Debt	$1.63B	$966.00M	$1.07B	$1.07B	$1.07B
Total Debt	$2.18B	$1.79B	$1.32B	$1.34B	$1.96B
Total Liabilities	$2.28B	$1.89B	$1.40B	$1.40B	$2.05B
Retained Earnings	-$3.84B	-$3.93B	-$5.03B	-$5.21B	-$5.37B
Shareholders' Equity	$631.00M	$811.00M	$1.00B	$954.00M	$914.00M
Working Capital	$2.15B	$1.67B	$1.97B	$1.93B	$1.88B
Net Debt	$1.39B	$817.00M	$351.00M	$332.00M	$1.06B

OPEN Cash Flow statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Operating Cash Flow	$823.00M	$435.00M	$70.00M	-$246.00M	-$718.00M
Capital Expenditure	-$2.00M	-$3.00M	-$3.00M	-$4.00M	-$5.00M
Free Cash Flow	$821.00M	$432.00M	$67.00M	-$250.00M	-$723.00M
Depreciation & Amortisation	$12.00M	$12.00M	$11.00M	$8.00M	$9.00M
Stock-Based Compensation	$13.00M	$27.00M	$105.00M	$120.00M	$119.00M
Investing Cash Flow	-$2.00M	-$9.00M	-$3.00M	-$4.00M	-$10.00M
Financing Cash Flow	-$329.00M	-$159.00M	-$218.00M	$16.00M	$623.00M
Net Change in Cash	$492.00M	$267.00M	-$151.00M	-$234.00M	-$105.00M

Market Snapshot

About

Opendoor Technologies operates a leading iBuying platform for residential real estate, enabling homeowners to sell directly to Opendoor and buyers to purchase move-in-ready homes online.