Opendoor Technologies Inc.
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $4.4B | $5.2B | $6.9B | $15.6B | $8.0B |
| Cost of revenue | $4.0B | $4.7B | $6.5B | $14.9B | $7.3B |
| Gross profit | $350.0M | $433.0M | $487.0M | $667.0M | $730.0M |
| Research and development | $79.0M | $141.0M | $167.0M | $169.0M | $134.0M |
| Operating expenses | $637.0M | $753.0M | $873.0M | $1.6B | $1.3B |
| Operating income | -$287.0M | -$320.0M | -$386.0M | -$931.0M | -$568.0M |
| Interest expense | $131.0M | $133.0M | $211.0M | $385.0M | $143.0M |
| Pretax income | -$1.3B | -$391.0M | -$274.0M | -$1.4B | -$661.0M |
| Income tax expense | $0 | $1.0M | $1.0M | $2.0M | $1.0M |
| Net income | -$1.3B | -$392.0M | -$275.0M | -$1.4B | -$662.0M |
| Balance Sheet | |||||
| Cash and equivalents | $962.0M | $671.0M | $999.0M | $1.1B | $1.7B |
| Current assets | $2.3B | $3.0B | $3.4B | $6.5B | $9.3B |
| Total assets | $2.4B | $3.1B | $3.6B | $6.6B | $9.5B |
| Current liabilities | $327.0M | $529.0M | $70.0M | $1.5B | $4.4B |
| Total liabilities | $1.4B | $2.4B | $2.6B | $5.5B | $7.3B |
| Stockholders' equity | $1.0B | $713.0M | $967.0M | $1.1B | $2.2B |
| Cash Flow Statement | |||||
| Cash from operations | $1.0B | -$595.0M | $2.3B | $730.0M | -$5.8B |
| Depreciation and amortization | $31.0M | $33.0M | $38.0M | $37.0M | $27.0M |
| Stock-based compensation | $159.0M | $114.0M | $126.0M | $171.0M | $536.0M |
| Capital expenditure | $12.0M | $25.0M | $37.0M | $37.0M | $33.0M |
| Free cash flow | $1.0B | -$620.0M | $2.3B | $693.0M | -$5.8B |
| Dividends paid | $0 | $0 | $0 | $0 | — |
| Share repurchases | — | — | — | — | $0 |
| Impairments | $0 | $0 | $0 | $60.0M | $0 |
Shares outstanding 964.7M · Free float 76.0%
Annual filing data through FY ended December 31, 2025; float as of July 15, 2026.