Opendoor Technologies (OPEN)
Buys and resells homes directly while supporting digital home transactions.
$2.75
vs last close+0.07 (+2.62%)
In millions of USD, except per-share figures
| In millions | Q3 FY23Sep 2023 | Q4 FY23Dec 2023 | Q1 FY24Mar 2024 | Q2 FY24Jun 2024 | Q3 FY24Sep 2024 | Q4 FY24Dec 2024 | Q1 FY25Mar 2025 | Q2 FY25Jun 2025 | Q3 FY25Sep 2025 | Q4 FY25Dec 2025 | Q1 FY26Mar 2026 | Q2 FY26Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 980 | 870 | 1,181 | 1,511 | 1,377 | 1,084 | 1,153 | 1,567 | 915 | 736 | 720 | 883 |
| Cost of revenue | 884 | 798 | 1,067 | 1,382 | 1,272 | 999 | 1,054 | 1,439 | 849 | 690 | 648 | 797 |
| Gross profit | 96 | 72 | 114 | 129 | 105 | 85 | 99 | 128 | 66 | 46 | 72 | 86 |
| 175 | 187 | 201 | 201 | 172 | 179 | 155 | 141 | 134 | 197 | 231 | 230 | |
| Research & development | 42 | 46 | 41 | 37 | 30 | 33 | 21 | 21 | 19 | 18 | 24 | 0 |
| 133 | 137 | 160 | 164 | 142 | 129 | 131 | 114 | 114 | 189 | 207 | 135 | |
| Selling & marketing | 85 | 89 | 113 | 116 | 96 | 88 | 98 | 86 | 66 | 60 | 70 | 0 |
| General & administrative | 48 | 48 | 47 | 48 | 46 | 41 | 33 | 28 | 48 | 129 | 137 | 135 |
| Other expenses | 0 | 4 | 0 | 0 | 0 | 17 | 3 | 6 | 1 | −10 | 0 | 95 |
| Operating income | −79 | −115 | −87 | −72 | −67 | −94 | −56 | −13 | −68 | −151 | −159 | −144 |
| −27 | 24 | −22 | −19 | −11 | −19 | −29 | −16 | −21 | −946 | −14 | −18 | |
| Interest expense | 47 | 37 | 37 | 30 | 34 | 32 | 33 | 36 | 34 | 28 | −23 | 29 |
| Other non-operating income | 0 | −61 | −15 | −11 | −23 | −20 | −4 | −20 | −13 | 918 | −9 | −11 |
| Income before tax | −106 | −91 | −109 | −91 | −78 | −113 | −85 | −29 | −89 | −1,097 | −173 | −162 |
| Income tax expense | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 1 | −1 | 0 | 0 |
| Net income from continuing operations | −106 | −91 | −109 | −92 | −78 | −113 | −85 | −29 | −90 | −1,096 | −173 | −162 |
| Net income | −106 | −91 | −109 | −92 | −78 | −113 | −85 | −29 | −90 | −1,096 | −173 | −162 |
| 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 |
| Weighted average shares, basic | 662 | 673 | 682 | 693 | 705 | 716 | 724 | 729 | 742 | 767 | 959 | 966 |
| Weighted average shares, diluted | 662 | 673 | 682 | 693 | 705 | 716 | 724 | 729 | 742 | 767 | 959 | 966 |
| EBITDA | −67 | −37 | −56 | −48 | −32 | −62 | −41 | 19 | −50 | −1,058 | −142 | −128 |
| Depreciation & amortization | 12 | 17 | 16 | 13 | 12 | 12 | 11 | 12 | 5 | 11 | 8 | 5 |
| EBIT | −79 | −54 | −72 | −61 | −44 | −74 | −52 | 7 | −55 | −1,069 | −150 | −133 |
