Opendoor Technologies Inc. (OPEN) income statement
NASDAQ · Real Estate · Real Estate - Services · 1,042 employees · CEO Kasra Nejatian
- Price
- $1.80 -5.26%
- Market cap
- $1.75B
- Enterprise value
- $1.05B
- Last report
- Q2 '26 filed 2026-08-04
- Next report
- 2026-11-05 EPS est. -$0.16
Opendoor Technologies Inc. (OPEN) reported revenue of $883M for Q2 '26 (-43.7% year on year), operating income of -$144M (-16.3% of revenue) and net income of -$162M. Over the last four quarters revenue was $3.25B.
Income statement
| Income statement | Trend | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $980M | $870M | $1.18B | $1.51B | $1.38B | $1.08B | $1.15B | $1.57B | $915M | $736M | $720M | $883M | |
| Cost of revenue | $884M | $798M | $1.07B | $1.38B | $1.27B | $999M | $1.05B | $1.44B | $849M | $690M | $648M | $797M | |
| Gross profit | $96M | $72M | $114M | $129M | $105M | $85M | $99M | $128M | $66M | $46M | $72M | $86M | |
| Research & development | $42M | $46M | $41M | $37M | $30M | $33M | $21M | $21M | $19M | $18M | $24M | $27M | |
| Sales & marketing | $85M | $89M | $113M | $116M | $96M | $88M | $98M | $86M | $66M | $60M | $70M | $65M | |
| General & administrative | $48M | $48M | $47M | $48M | $46M | $41M | $33M | $28M | $48M | $129M | $137M | $135M | |
| Other operating expenses | $0 | $4M | $0 | $0 | $0 | $17M | $3M | $6M | $1M | -$10M | $0 | $3M | |
| Operating expenses | $175M | $187M | $201M | $201M | $172M | $179M | $155M | $141M | $134M | $197M | $231M | $230M | |
| Operating income | -$79M | -$115M | -$87M | -$72M | -$67M | -$94M | -$56M | -$13M | -$68M | -$151M | -$159M | -$144M | |
| Interest expense | $47M | $37M | $37M | $30M | $34M | $32M | $33M | $36M | $34M | $28M | -$23M | $29M | |
| Other non-operating income (gains on investments, FX ...) | -$20M | -$61M | -$15M | -$11M | -$23M | -$20M | -$4M | -$20M | -$13M | $918M | -$9M | -$11M | |
| Total non-operating income | -$27M | $24M | -$22M | -$19M | -$11M | -$19M | -$29M | -$16M | -$21M | -$946M | -$14M | -$18M | |
| Income before tax | -$106M | -$91M | -$109M | -$91M | -$78M | -$113M | -$85M | -$29M | -$89M | -$1.1B | -$173M | -$162M | |
| Income tax | $0 | $0 | $0 | $1M | $0 | $0 | $0 | $0 | $1M | -$1M | $0 | $0 | |
| Net income | -$106M | -$91M | -$109M | -$92M | -$78M | -$113M | -$85M | -$29M | -$90M | -$1.1B | -$173M | -$162M | |
| EPS (basic) | -$0.16 | -$0.14 | -$0.16 | -$0.13 | -$0.11 | -$0.16 | -$0.12 | -$0.04 | -$0.12 | -$1.42 | -$0.18 | -$0.17 | |
| EPS (diluted) | -$0.16 | -$0.14 | -$0.16 | -$0.13 | -$0.11 | -$0.16 | -$0.12 | -$0.04 | -$0.12 | -$1.42 | -$0.18 | -$0.17 | |
| Shares (basic, weighted) | 662M | 673M | 682M | 693M | 705M | 716M | 724M | 729M | 742M | 767M | 959M | 966M | |
| Shares (diluted, weighted) | 662M | 673M | 682M | 693M | 705M | 716M | 724M | 729M | 742M | 767M | 959M | 966M | |
| Depreciation & amortization | $12M | $15M | $16M | $13M | $12M | $12M | $11M | $12M | $5M | $11M | $8M | $8M | |
| EBITDA | -$47M | -$39M | -$56M | -$48M | -$32M | -$62M | -$41M | $19M | -$50M | -$1.06B | -$142M | -$125M |
| Income statement | Trend | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $711M | $1.84B | $4.74B | $2.58B | $8.02B | $15.6B | $6.95B | $5.15B | $4.37B | |
| Cost of revenue | $645M | $1.7B | $4.44B | $2.36B | $7.29B | $14.9B | $6.46B | $4.72B | $4.02B | |
| Gross profit | $66.3M | $133M | $301M | $220M | $730M | $667M | $487M | $433M | $350M | |
| Research & development | $16.1M | $28.5M | $51M | $58M | $134M | $169M | $167M | $141M | $79M | |
| Sales & marketing | $74.9M | $196M | $384M | $195M | $544M | $1.01B | $486M | $413M | $310M | |
| General & administrative | $36.9M | $72.4M | $114M | $153M | $620M | $346M | $206M | $182M | $238M | |
| Other operating expenses | $32K | $0 | $0 | $0 | $0 | $77M | $14M | $17M | $10M | |
| Operating expenses | $128M | $297M | $549M | $406M | $1.3B | $1.6B | $873M | $753M | $637M | |
| Operating income | -$61.6M | -$164M | -$248M | -$186M | -$568M | -$931M | -$386M | -$320M | -$287M | |
| Interest income | $23.1M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Interest expense | $0 | $60.5M | $110M | $67.8M | $143M | $385M | $211M | $133M | $131M | |
| Other non-operating income (gains on investments, FX ...) | $0 | $15.4M | -$19M | -$1M | -$4M | $35M | -$323M | -$24M | -$14M | |
| Total non-operating income | -$23.1M | -$75.9M | -$91M | -$67M | -$93M | -$420M | $112M | -$71M | -$1.01B | |
| Income before tax | -$84.8M | -$240M | -$339M | -$253M | -$661M | -$1.35B | -$274M | -$391M | -$1.3B | |
| Income tax | $62K | $377K | $0 | $0 | $1M | $2M | $1M | $1M | $0 | |
| Net income | -$84.8M | -$241M | -$341M | -$253M | -$662M | -$1.35B | -$275M | -$392M | -$1.3B | |
| EPS (basic) | -$2.12 | -$0.46 | -$4.26 | -$2.31 | -$1.12 | -$2.16 | -$0.42 | -$0.56 | -$1.70 | |
| EPS (diluted) | -$2.12 | -$0.46 | -$4.26 | -$2.31 | -$1.12 | -$2.16 | -$0.42 | -$0.56 | -$1.70 | |
| Shares (basic, weighted) | 39.9M | 544M | 80M | 109M | 593M | 627M | 657M | 699M | 767M | |
| Shares (diluted, weighted) | 39.9M | 544M | 80M | 109M | 593M | 627M | 657M | 699M | 767M | |
| Depreciation & amortization | $7.44M | $12.8M | $39M | $63M | $55M | $90M | $72M | $53M | $44M | |
| EBITDA | -$54.2M | -$166M | -$190M | -$122M | -$509M | -$876M | $9M | -$243M | -$229M |
Standardised from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in USD.
Revenue, operating income and growth
quarterlyMargins
quarterlyCosts as % of revenue
quarterlyThe other statements
Sources
Statements, segment revenue, metrics and estimates are standardised from the company's filings. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30, 10-Q 2024-06-30
Data as of 2026-11-02