Opendoor Technologies Inc. (OPEN) quarterly income statement — complete revenue, gross profit & net income history
Opendoor Technologies Inc. (OPEN) annual income statement — 8-year revenue, gross profit & net income history
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 |
|---|
| Revenue | 1.02B | 883M | 720M | 736M | 915M | 1.57B | 1.15B | 1.08B | 1.38B | 1.51B | 1.18B | 870M | 980M | 1.98B | 3.12B | 2.86B | 3.36B | 4.2B | 5.15B | 3.82B |
| Revenue Growth % | 11.69% | -43.65% | -37.55% | -32.1% | -33.55% | 3.71% | -2.37% | 24.6% | 40.51% | -23.53% | -62.15% | -69.55% | -70.84% | -52.93% | -39.43% | -25.25% | 48.32% | 253.96% | 589.56% | 1435.64% |
| Property Operating Expenses | 984M | 797M | 648M | 690M | 849M | 1.44B | 1.05B | 999M | 1.27B | 1.38B | 1.07B | 798M | 884M | 1.83B | 2.95B | 2.79B | 3.79B | 3.71B | 4.62B | 3.55B |
| Net Operating Income (NOI) | 38M | 86M | 72M | 46M | 66M | 128M | 99M | 85M | 105M | 129M | 114M | 72M | 96M | 149M | 170M | 71M | -425M | 486M | 535M | 271.61M |
| NOI Margin % | 3.72% | 9.74% | 10% | 6.25% | 7.21% | 8.17% | 8.59% | 7.84% | 7.63% | 8.54% | 9.65% | 8.28% | 9.8% | 7.54% | 5.45% | 2.49% | -12.65% | 11.58% | 10.39% | 7.11% |
| Operating Expenses | 225M | 230M | 231M | 197M | 134M | 141M | 155M | 179M | 172M | 201M | 201M | 187M | 175M | 217M | 294M | 342M | 385M | 454M | 417M | 373.75M |
| G&A Expenses | 201M | 200M | 207M | 189M | 114M | 114M | 131M | 129M | 142M | 164M | 160M | 137M | 133M | 168M | 254M | 217M | 345M | 413M | 377M | 342.11M |
| EBITDA | -179M | -136M | -151M | -140M | -63M | -1M | -45M | -82M | -55M | -59M | -71M | -98M | -67M | -49M | -100M | -246M | -787M | 54M | 138M | -79.75M |
| EBITDA Margin % | -17.51% | -15.4% | -20.97% | -19.02% | -6.89% | -0.06% | -3.9% | -7.56% | -3.99% | -3.9% | -6.01% | -11.26% | -6.84% | -2.48% | -3.21% | -8.61% | -23.42% | 1.29% | 2.68% | -2.09% |
| Depreciation & Amortization | 8M | 8M | 8M | 11M | 5M | 12M | 11M | 12M | 12M | 13M | 16M | 17M | 12M | 19M | 24M | 25M | 23M | 22M | 20M | 22.39M |
| D&A / Revenue % | 0.78% | 0.91% | 1.11% | 1.49% | 0.55% | 0.77% | 0.95% | 1.11% | 0.87% | 0.86% | 1.35% | 1.95% | 1.22% | 0.96% | 0.77% | 0.88% | 0.68% | 0.52% | 0.39% | 0.59% |
| Operating Income | -187M | -144M | -159M | -151M | -68M | -13M | -56M | -94M | -67M | -72M | -87M | -115M | -79M | -68M | -124M | -271M | -810M | 32M | 118M | -102.14M |
| Operating Margin % | -18.3% | -16.31% | -22.08% | -20.52% | -7.43% | -0.83% | -4.86% | -8.67% | -4.87% | -4.77% | -7.37% | -13.22% | -8.06% | -3.44% | -3.97% | -9.49% | -24.1% | 0.76% | 2.29% | -2.67% |
| Interest Expense | 1000K | 1000K | -1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Interest Coverage | -4.71x | -4.59x | -6.52x | -38.18x | -1.62x | 0.19x | -1.58x | -2.31x | -1.29x | -2.03x | -1.95x | -1.46x | -1.68x | 1.45x | -1.68x | -2.53x | -7.06x | 0.36x | 1.74x | -1.62x |
| Non-Operating Income | -8M | -11M | -9M | 918M | -13M | -20M | -4M | -20M | -23M | -11M | -15M | -61M | 0 | -145M | 0 | 15M | 2M | 0 | 0 | 15.78M |
| Pretax Income | -217M | -162M | -173M | -1.1B | -89M | -29M | -85M | -113M | -78M | -91M | -109M | -91M | -106M | 24M | -101M | -399M | -927M | -53M | 28M | -190.55M |
| Pretax Margin % | -21.23% | -18.35% | -24.03% | -149.05% | -9.73% | -1.85% | -7.37% | -10.42% | -5.66% | -6.02% | -9.23% | -10.46% | -10.82% | 1.21% | -3.24% | -13.97% | -27.58% | -1.26% | 0.54% | -4.99% |
| Income Tax | 1M | 0 | 0 | -1M | 1M | 0 | 0 | 0 | 0 | 1M | 0 | 0 | 0 | 1M | 0 | 0 | 1M | 1M | 0 | 390K |
| Effective Tax Rate % | -0.46% | 0% | 0% | 0.09% | -1.12% | 0% | 0% | 0% | 0% | -1.1% | 0% | 0% | 0% | 4.17% | 0% | 0% | -0.11% | -1.89% | 0% | -0.2% |
| Net Income | -218M | -162M | -173M | -1.1B | -90M | -29M | -85M | -113M | -78M | -92M | -109M | -91M | -106M | 23M | -101M | -399M | -928M | -54M | 28M | -190.94M |
| Net Margin % | -21.33% | -18.35% | -24.03% | -148.91% | -9.84% | -1.85% | -7.37% | -10.42% | -5.66% | -6.09% | -9.23% | -10.46% | -10.82% | 1.16% | -3.24% | -13.97% | -27.61% | -1.29% | 0.54% | -5% |
| Net Income Growth % | -142.22% | -458.62% | -103.53% | -869.91% | -15.38% | 68.48% | 22.02% | -24.18% | 26.42% | -500% | -7.92% | 77.19% | 88.58% | 142.59% | -460.71% | -108.97% | -1528.07% | 62.5% | 110.37% | -117.49% |
| Funds From Operations (FFO) | -210M | -154M | -165M | -1.08B | -85M | -17M | -74M | -101M | -66M | -79M | -93M | -74M | -94M | 42M | -77M | -374M | -905M | -32M | 48M | -168.55M |
| FFO Margin % | -20.55% | -17.44% | -22.92% | -147.42% | -9.29% | -1.08% | -6.42% | -9.32% | -4.79% | -5.23% | -7.87% | -8.51% | -9.59% | 2.13% | -2.47% | -13.09% | -26.93% | -0.76% | 0.93% | -4.41% |
| FFO Growth % | -147.06% | -805.88% | -122.97% | -974.26% | -28.79% | 78.48% | 20.43% | -36.49% | 29.79% | -288.1% | -20.78% | 80.21% | 89.61% | 231.25% | -260.42% | -121.9% | -1911.11% | 75.76% | 118.6% | -114.53% |
| FFO per Share | -0.22 | -0.16 | -0.17 | -1.42 | -0.11 | -0.02 | -0.10 | -0.14 | -0.09 | -0.11 | -0.14 | -0.11 | -0.14 | 0.06 | -0.12 | -0.59 | -1.44 | -0.05 | 0.07 | -0.28 |
| FFO Payout Ratio % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| EPS (Diluted) | -0.23 | -0.17 | -0.18 | -1.42 | -0.12 | -0.04 | -0.12 | -0.16 | -0.11 | -0.13 | -0.16 | -0.14 | -0.16 | 0.03 | -0.16 | -0.63 | -1.47 | -0.09 | 0.04 | -0.31 |
| EPS Growth % | -91.67% | -327.14% | -50% | -787.5% | -9.09% | 69.38% | 25% | -14.29% | 31.25% | -476.81% | 0% | 77.78% | 89.12% | 138.33% | -466.13% | -103.23% | -1455.56% | 62.5% | 109.1% | -2.75% |
| EPS (Basic) | -0.23 | -0.17 | -0.18 | -1.42 | -0.12 | -0.04 | -0.12 | -0.16 | -0.11 | -0.13 | -0.16 | -0.14 | -0.16 | 0.04 | -0.16 | -0.63 | -1.47 | -0.09 | 0.05 | -0.31 |
| Diluted Shares Outstanding | 949.48M | 965.78M | 959.33M | 766.53M | 741.94M | 729.48M | 723.54M | 716.32M | 705.36M | 693.45M | 682.46M | 672.66M | 662.15M | 667.16M | 641.92M | 634.6M | 629.53M | 624.96M | 640.78M | 612.52M |