Opendoor Technologies Inc. (OPEN) quarterly cash flow statement — complete operating, investing & financing history
| Metric | 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 | Q3'21 | Q2'21 |
|---|
| Cash from Operations | -246M | 70M | 435M | 823M | -279M | -80M | 62M | -399M | -178M | -542M | -216M | 940M | 2.16B | 1.4B | -322M | -1.89B | 1.55B | 109.56M | -3.59B | -1.91B |
| Operating CF Margin % | -34.17% | 9.51% | 47.54% | 52.52% | -24.2% | -7.38% | 4.5% | -26.41% | -15.07% | -62.3% | -22.04% | 47.57% | 69.29% | 48.83% | -9.58% | -45.09% | 30.09% | 2.87% | -158.49% | -160.83% |
| Operating CF Growth % | 11.83% | 187.5% | 601.61% | 306.27% | -56.74% | 85.24% | 128.7% | -142.45% | -108.23% | -138.85% | 32.92% | 149.66% | 39.48% | 1173.3% | 91.03% | 0.76% | 482.99% | 130.83% | -4227.77% | -471.12% |
| Net Income | -173M | -1.1B | -90M | -29M | -85M | -113M | -78M | -92M | -109M | -91M | -106M | 23M | -101M | -399M | -928M | -54M | 28M | -191M | -56.82M | -143.81M |
| Depreciation & Amortization | 8M | 18M | 5M | 12M | 11M | 12M | 12M | 13M | 16M | 15M | 12M | 19M | 24M | 25M | 23M | 22M | 20M | 22.39M | 11.74M | 8.11M |
| Stock-Based Compensation | 0 | 119M | 13M | 13M | 14M | 23M | 25M | 33M | 33M | 0 | 31M | 21M | 42M | 0 | 52M | 59M | 67M | 0 | 0 | 0 |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 132M | 906M | 39M | 15M | 16M | 8M | 2M | 38M | 11M | 15M | 35M | -97M | -55M | 151M | 596M | 86M | 26M | 119.89M | 42.7M | 126.4M |
| Working Capital Changes | -213M | 123M | 468M | 812M | -235M | -10M | 101M | -391M | -129M | -481M | -188M | 974M | 2.25B | 1.62B | -65M | -2.01B | 1.41B | 158.28M | -3.59B | -1.9B |
| Change in Receivables | -6M | 13M | 1M | 0 | -14M | 9M | 9M | -9M | -6M | 2M | 2M | 29M | -12M | 124M | -98M | 2M | 26M | 36.9M | -88.55M | -13.58M |
| Change in Inventory | -221M | 118M | 461M | 805M | -212M | -27M | 76M | -384M | -114M | -469M | -177M | 953M | 2.31B | 1.56B | -41M | -2.04B | 1.42B | 149.8M | -3.56B | -1.87B |
| Change in Payables | -29M | -11M | 6M | -10M | 8M | 27M | -3M | 1M | 6M | -9M | 2M | -9M | -22M | -98M | -6M | 77M | 2M | -26.31M | 67.74M | 18.89M |
| Cash from Investing | -4M | -3M | -9M | -2M | 2M | -3M | 0 | 9M | 22M | -4M | 3M | 15M | 30M | 24M | 27M | 221M | -38M | -44.17M | -257.8M | -148.74M |
| Capital Expenditures | -4M | -3M | -3M | -2M | -4M | -3M | -6M | -8M | -8M | -9M | -11M | -9M | -8M | -4M | -13M | -10M | -10M | -10.33M | -12.47M | -7.06M |
| CapEx % of Revenue | 0.56% | 0.41% | 0.33% | 0.13% | 0.35% | 0.28% | 0.44% | 0.53% | 0.68% | 1.03% | 1.12% | 0.46% | 0.26% | 0.14% | 0.39% | 0.24% | 0.19% | 0.27% | 0.55% | 0.59% |
| Acquisitions | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 0 | 6M | -6M | 0 | 0 | 0 | -2M | 0 | 0 | 0 | -1M | 1M | 0 | 0 | 0 | 0 | 0 | 20.11M | -110K | 0 |
| Cash from Financing | 16M | -218M | -159M | -329M | 207M | -208M | 81M | 15M | -98M | -292M | -213M | -809M | -1.32B | -2.71B | 520M | 1.77B | -1.33B | 668.89M | 4B | 1.56B |
| Debt Issued (Net) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Equity Issued (Net) | 1M | 0 | 244M | 0 | 1M | 0 | 3M | 0 | 2M | 1M | 1M | 1M | 2M | 0 | 3M | 1M | 2M | 3.14M | 22.11M | 11.28M |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | 0 | 1.14B | -2M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -4M | -10M | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Change in Cash | -234M | -151M | 267M | 492M | -70M | -291M | 143M | -375M | -254M | -838M | -426M | 146M | 867M | -1.29B | 225M | 98M | 178M | 734.75M | 153.78M | -493.72M |
| Free Cash Flow | -250M | 67M | 432M | 821M | -283M | -83M | 56M | -407M | -186M | -551M | -227M | 931M | 2.15B | 1.39B | -335M | -1.9B | 1.54B | 99.44M | -3.6B | -1.91B |
| FCF Margin % | -34.72% | 9.1% | 47.21% | 52.39% | -24.54% | -7.66% | 4.07% | -26.94% | -15.75% | -63.33% | -23.16% | 47.12% | 69.04% | 48.69% | -9.97% | -45.33% | 29.9% | 2.6% | -159.02% | -161.4% |
| FCF Growth % | 11.66% | 180.72% | 671.43% | 301.72% | -52.15% | 84.94% | 124.67% | -143.72% | -108.64% | -139.61% | 32.24% | 148.92% | 39.87% | 1298.89% | 90.7% | 0.59% | 476.67% | 127.6% | -4305.03% | -476.15% |
| FCF per Share | -0.26 | 0.09 | 0.58 | 1.13 | -0.39 | -0.12 | 0.08 | -0.59 | -0.27 | -0.82 | -0.34 | 1.40 | 3.36 | 2.19 | -0.53 | -3.05 | 2.40 | 0.16 | -5.97 | -3.25 |
| FCF Conversion (FCF/Net Income) | 1.42x | -0.06x | -4.83x | -28.38x | 3.28x | 0.71x | -0.79x | 4.34x | 1.63x | 5.96x | 2.04x | 40.87x | -21.41x | -3.50x | 0.35x | 35.06x | 55.36x | -0.57x | 63.01x | 13.25x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |