OPEN
$2.06+0.49%
Opendoor Technologies IncStock · Real EstateUS REITs · 0.2% of VNQRussell 2000 · 0.1% of IWMNasdaq Composite · 0.01% of ONEQRussell 3000 · 0.006% of IWVUS Stock Market · 0.005% of VTI
OPEN financial statements
The full income statement, balance sheet, and cash-flow statement for Opendoor Technologies Inc (OPEN), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-06 703.0M2024-09 715.1M2024-12 723.5M2025-03 728.9M2025-06 736.0M2025-09 772.8M2025-12 958.3M2026-03 964.7M2026-06 971.1M+38.1% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
PeriodRangeOrderChangeFiguresAs-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Revenue | 4.37B-15.2% | 5.15B-25.8% | 6.95B-55.4% | 15.6B+94.1% | 8.02B+210.5% | |
| 350M-19.2% | 433M-11.1% | 487M-27.0% | 667M-8.6% | 730M+231.8% | ||
| Cost of revenue | 4.02B-14.8% | 4.72B-26.9% | 6.46B-56.7% | 14.9B+104.4% | 7.29B+208.5% | |
| 637M-15.4% | 753M-13.7% | 873M-45.4% | 1.60B+23.1% | 1.30B+219.7% | ||
| Research & development | 79.0M-44.0% | 141M-15.6% | 167M-1.2% | 169M+26.1% | 134M+139.3% | |
| Selling, general & administrative | 238M+30.8% | 182M-11.7% | 206M-40.5% | 346M-44.2% | 620M+369.7% | |
| General & administrative | 238M+30.8% | 182M-11.7% | 206M-40.5% | 346M-44.2% | 620M+369.7% | |
| Selling & marketing | 310M-24.9% | 413M-15.0% | 486M-51.7% | 1.01B+84.9% | 544M+187.8% | |
| Restructuring | 10.0M-41.2% | 17.0M+21.4% | 14.0M-17.6% | 17.0M | 0.00-100.0% | |
| Amortization of intangibles | — | 4.00M-42.9% | 7.00M-22.2% | 9.00M+125.0% | 4.00M+0.0% | |
| Operating income | -287M+10.3% | -320M+17.1% | -386M+58.5% | -931M-63.9% | -568M-205.4% | |
| Interest expense | 131M-1.5% | 133M-37.0% | 211M-45.2% | 385M+169.2% | 143M+110.3% | |
| Other non-operating income | 42.0M-34.4% | 64.0M-40.2% | 107M+1170.0% | -10.0M-126.3% | 38.0M+850.0% | |
| Gain (loss) on equity securities | -3.00M+57.1% | -7.00M-600.0% | -1.00M+97.1% | -35.0M-200.0% | 35.0M | |
| Pre-tax income | -1.30B-232.5% | -391M-42.7% | -274M+79.7% | -1.35B-104.4% | -661M-161.3% | |
| Income tax | 0.00-100.0% | 1.00M+0.0% | 1.00M-50.0% | 2.00M+100.0% | 1.00M | |
| -1.30B-231.6% | -392M-42.5% | -275M+79.7% | -1.35B-104.4% | -662M-161.7% | ||
| Net income to non-controlling interest | — | — | — | — | 0.00 | |
| Preferred dividends | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net income to common | -1.30B-231.6% | -392M-42.5% | -275M+79.7% | -1.35B-104.4% | -662M-161.7% | |
| -$1.70-203.6% | -$0.56-33.3% | -$0.42+80.6% | -$2.16-92.9% | -$1.12+51.5% | ||
| EPS (basic) | -$1.70-203.6% | -$0.56-33.3% | -$0.42+80.6% | -$2.16-92.9% | -$1.12+51.5% | |
| Weighted-avg shares (basic) | 767M+9.6% | 699M+6.4% | 657M+4.8% | 627M+5.8% | 593M+442.1% | |
| Weighted-avg shares (diluted) | 767M+9.6% | 699M+6.4% | 657M+4.8% | 627M+5.8% | 593M+442.1% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 2.30B-23.3% | 3.00B-13.0% | 3.44B-46.7% | 6.47B-30.8% | 9.34B+354.9% | ||
| Cash & equivalents | 962M+43.4% | 671M-32.8% | 999M-12.1% | 1.14B-34.3% | 1.73B+22.5% | |
| Short-term investments | 0.00-100.0% | 8.00M-88.4% | 69.0M-52.1% | 144M-70.2% | 484M+908.3% | |
| Other current assets | 69.0M+13.1% | 61.0M+17.3% | 52.0M+26.8% | 41.0M-54.9% | 91.0M+279.2% | |
| 2.41B-23.0% | 3.13B-12.4% | 3.57B-46.0% | 6.61B-30.5% | 9.51B+336.9% | ||
| Property, plant & equipment | 27.0M-43.8% | 48.0M-27.3% | 66.0M+13.8% | 58.0M+28.9% | 45.0M+55.2% | |
| Operating lease right-of-use | 8.00M-55.6% | 18.0M-28.0% | 25.0M-39.0% | 41.0M-2.4% | 42.0M-16.0% | |
| Goodwill | 3.00M+0.0% | 3.00M-25.0% | 4.00M+0.0% | 4.00M-93.3% | 60.0M+93.5% | |
| Intangible assets | 0.00 | 0.00-100.0% | 5.00M-58.3% | 12.0M+0.0% | 12.0M+33.3% | |
| Other non-current assets | 70.0M+16.7% | 60.0M+172.7% | 22.0M-18.5% | 27.0M+285.7% | 7.00M+75.0% | |
| 327M-38.2% | 529M+655.7% | 70.0M-95.3% | 1.50B-65.8% | 4.40B+1019.6% | ||
| Accounts payable | 0.00-100.0% | 9.00M+350.0% | 2.00M-60.0% | 5.00M+66.7% | 3.00M+0.0% | |
| Accrued liabilities | 20.0M-33.3% | 30.0M-11.8% | 34.0M-27.7% | 47.0M-28.8% | 66.0M+500.0% | |
| Current lease liability | 1.00M-50.0% | 2.00M-60.0% | 5.00M-28.6% | 7.00M+75.0% | 4.00M-81.0% | |
| 1.40B-41.9% | 2.41B-7.2% | 2.60B-52.9% | 5.52B-23.9% | 7.26B+1065.0% | ||
| Non-current lease liability | 6.00M-53.8% | 13.0M-31.6% | 19.0M-50.0% | 38.0M-9.5% | 42.0M-10.6% | |
| Operating lease liability (total) | 7.00M-53.3% | 15.0M-37.5% | 24.0M-46.7% | 45.0M-2.2% | 46.0M-31.7% | |
| Other non-current liabilities | 1.00M+0.0% | 1.00M+0.0% | 1.00M | 0.00 | — | |
| 1.00B+41.0% | 713M-26.3% | 967M-11.0% | 1.09B-51.7% | 2.25B+44.8% | ||
| Common stock | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Additional paid-in capital | 6.04B+36.1% | 4.44B+3.2% | 4.30B+3.7% | 4.15B+4.9% | 3.96B+52.3% | |
| Retained earnings | -5.03B-35.1% | -3.73B-11.8% | -3.33B-9.0% | -3.06B-79.4% | -1.71B-63.5% | |
| Accumulated other comprehensive income | 0.00 | 0.00+100.0% | -1.00M+75.0% | -4.00M-100.0% | -2.00M | |
| Total equity incl. non-controlling | — | — | — | — | 2.25B+44.8% | |
| Total liabilities & equity | 2.41B-23.0% | 3.13B-12.4% | 3.57B-46.0% | 6.61B-30.5% | 9.51B+336.9% | |
| Common shares issued | 957M+33.0% | 720M+6.3% | 678M+6.3% | 637M+3.5% | 616M+13.9% | |
| Common shares outstanding | 957M+33.0% | 720M+6.3% | 678M+6.3% | 637M+3.5% | 616M+13.9% | |
| Shares outstanding (cover) | 958M+32.5% | 724M+6.5% | 680M+5.8% | 643M+3.6% | 620M+7.4% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 1.05B+276.3% | -595M-125.4% | 2.34B+221.1% | 730M+112.6% | -5.79B-949.6% | ||
| Depreciation & amortization | 31.0M-6.1% | 33.0M-13.2% | 38.0M+2.7% | 37.0M+37.0% | 27.0M+22.7% | |
| Intangible amortization | — | 4.00M-42.9% | 7.00M-22.2% | 9.00M+125.0% | 4.00M+0.0% | |
| Share-based compensation | 159M+39.5% | 114M-9.5% | 126M-26.3% | 171M-68.1% | 536M+1310.5% | |
| Other operating activities | 5.00M-28.6% | 7.00M-46.2% | 13.0M+1400.0% | -1.00M+88.9% | -9.00M | |
| -12.0M-142.9% | 28.0M-36.4% | 44.0M-81.2% | 234M+149.2% | -476M-2063.6% | ||
| Capital expenditure | 12.0M-52.0% | 25.0M-32.4% | 37.0M+0.0% | 37.0M+12.1% | 33.0M+94.1% | |
| Free cash flow | 1.04B+267.3% | -620M-126.9% | 2.31B+232.9% | 693M+111.9% | -5.83B-976.2% | |
| Acquisitions | 0.00 | 0.00 | 0.00-100.0% | 10.0M-69.7% | 33.0M | |
| -499M-137.6% | -210M+92.0% | -2.64B-50.7% | -1.75B-123.8% | 7.34B+4460.2% | ||
| Long-term debt issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Long-term debt repaid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock issued | 198M | 0.00 | 0.00 | 0.00-100.0% | 886M | |
| Common stock repurchased | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Dividends paid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Other financing activities | -2.00M | 0.00 | 0.00 | — | — | |
| Net change in cash | 538M+169.2% | -777M-209.6% | -251M+68.1% | -787M-173.4% | 1.07B+30.6% | |
| Interest paid | 120M-0.8% | 121M-40.4% | 203M-42.8% | 355M+191.0% | 122M+114.0% | |
| Income taxes paid | 0.00 | — | — | — | — | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 5.59B+382.6% | 1.16B-61.4% | 3.00B+308.0% | 736M-91.9% | 9.06B-30.9% | |
| P/S | 1.3×+469.0% | 0.2×-33.1% | 0.3×+655.1% | 0.0×-96.1% | 1.1×-77.8% | |
| P/B | 5.6×+242.4% | 1.6×-44.8% | 2.9×+495.2% | 0.5×-87.7% | 4.0×-52.3% | |
| P/FCF | 5.4× | — | 0.7× | — | — | |
| FCF yield | 18.6% | — | 141.6% | — | — | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: OPEN’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all OPEN filings on SEC EDGAR → Not investment advice.