OPEN
Opendoor Technologies Inc
NASDAQ: OPEN · REAL ESTATE · REAL ESTATE SERVICES
$5.58
+1.82% today
Updated 2026-04-29
Market cap
$5.38B
P/E ratio
—
P/S ratio
1.23x
EPS (TTM)
$-1.70
Dividend yield
—
52W range
$1 – $11
Volume
40.6M
Opendoor Technologies Inc (OPEN) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $711.07M | $1.84B | $4.74B | $2.58B | $8.02B | $15.57B | $6.95B | $5.15B | $4.37B |
| Revenue growth (YoY) | — | +158.5% | +157.9% | -45.5% | +210.5% | +94.1% | -55.4% | -25.8% | -15.2% |
| Cost of revenue | $644.72M | $1.70B | $4.44B | $2.36B | $7.29B | $14.90B | $6.46B | $4.72B | $4.07B |
| Gross profit | $66.35M | $133.43M | $301.00M | $220.00M | $730.00M | $667.00M | $487.00M | $433.00M | $304.00M |
| Gross margin | 9.3% | 7.3% | 6.3% | 8.5% | 9.1% | 4.3% | 7.0% | 8.4% | 7.0% |
| R&D | $16.12M | $28.46M | $51.00M | $58.00M | $134.00M | $169.00M | $167.00M | $141.00M | $79.00M |
| SG&A | $36.93M | $72.35M | $114.00M | $153.00M | $620.00M | $346.00M | $206.00M | $182.00M | $238.00M |
| Operating income | $-61.64M | $-163.67M | $-248.00M | $-186.00M | $-568.00M | $-931.00M | $-386.00M | $-320.00M | $-273.00M |
| Operating margin | -8.7% | -8.9% | -5.2% | -7.2% | -7.1% | -6.0% | -5.6% | -6.2% | -6.2% |
| EBITDA | $-54.20M | $-166.31M | $-190.00M | $-122.00M | $-509.00M | $-876.00M | $9.00M | $-243.00M | $-1.12B |
| EBITDA margin | -7.6% | -9.0% | -4.0% | -4.7% | -6.3% | -5.6% | 0.1% | -4.7% | -25.7% |
| EBIT | $-61.64M | $-179.10M | $-229.00M | $-185.00M | $-564.00M | $-966.00M | $-63.00M | $-296.00M | $-1.17B |
| Interest expense | $0.00 | $60.46M | $110.00M | $67.81M | $143.00M | $385.00M | $211.00M | $133.00M | $131.00M |
| Income tax | $62000.00 | $377000.00 | $252000.00 | $63000.00 | $1.00M | $2.00M | $1.00M | $1.00M | — |
| Effective tax rate | -0.1% | -0.2% | -0.1% | -0.0% | -0.2% | -0.1% | -0.4% | -0.3% | 0.0% |
| Net income | $-84.83M | $-241.29M | $-341.00M | $-253.00M | $-662.00M | $-1.35B | $-275.00M | $-392.00M | $-1.30B |
| Net income growth (YoY) | — | -184.4% | -41.3% | +25.8% | -161.7% | -104.4% | +79.7% | -42.5% | -231.6% |
| Profit margin | -11.9% | -13.1% | -7.2% | -9.8% | -8.3% | -8.7% | -4.0% | -7.6% | -29.7% |