Opendoor Technologies Inc. (OPEN) quarterly income statement — complete revenue, gross profit & net income 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 |
|---|
| Sales/Revenue | 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 | 2.27B | 1.19B |
| Revenue Growth % | -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% | 569.2% | 60.31% |
| Cost of Goods Sold | 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 | 2.06B | 1.03B |
| COGS % of Revenue | 90% | 93.75% | 92.79% | 91.83% | 91.41% | 92.16% | 92.37% | 91.46% | 90.35% | 91.72% | 90.2% | 92.46% | 94.55% | 97.51% | 112.64% | 88.42% | 89.61% | 92.89% | 91.09% | 86.59% |
| Gross Profit | 72M | 46M | 66M | 128M | 99M | 85M | 105M | 129M | 114M | 72M | 96M | 149M | 170M | 71M | -425M | 486M | 535M | 271.61M | 202M | 159M |
| Gross Margin % | 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% | 8.91% | 13.41% |
| Gross Profit Growth % | -27.27% | -45.88% | -37.14% | -0.78% | -13.16% | 18.06% | 9.38% | -13.42% | -32.94% | 1.41% | 122.59% | -69.34% | -68.22% | -73.86% | -310.4% | 205.66% | 451.55% | 607.96% | 464.07% | 191.35% |
| Operating Expenses | 231M | 197M | 134M | 141M | 155M | 179M | 172M | 201M | 201M | 187M | 175M | 217M | 294M | 342M | 385M | 454M | 417M | 373.75M | 271M | 311M |
| OpEx % of Revenue | 32.08% | 26.77% | 14.64% | 9% | 13.44% | 16.51% | 12.49% | 13.3% | 17.02% | 21.49% | 17.86% | 10.98% | 9.42% | 11.97% | 11.45% | 10.81% | 8.1% | 9.78% | 11.96% | 26.22% |
| Selling, General & Admin | 207M | 189M | 114M | 114M | 131M | 129M | 142M | 164M | 160M | 137M | 133M | 168M | 254M | 217M | 345M | 413M | 377M | 342.11M | 244M | 287M |
| SG&A % of Revenue | 28.75% | 25.68% | 12.46% | 7.27% | 11.36% | 11.9% | 10.31% | 10.85% | 13.55% | 15.75% | 13.57% | 8.5% | 8.14% | 7.6% | 10.26% | 9.84% | 7.32% | 8.95% | 10.77% | 24.2% |
| Research & Development | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Operating Income | -159M | -151M | -68M | -13M | -56M | -94M | -67M | -72M | -87M | -115M | -79M | -68M | -124M | -271M | -810M | 32M | 118M | -102.14M | -69M | -152M |
| Operating Margin % | -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% | -3.04% | -12.82% |
| Operating Income Growth % | -183.93% | -60.64% | -1.49% | 81.94% | 35.63% | 18.26% | 15.19% | -5.88% | 29.84% | 57.56% | 90.25% | -312.5% | -205.08% | -165.31% | -1073.91% | 121.05% | 148.16% | -54.47% | -53.75% | -291.23% |
| EBITDA | -159M | -140M | -63M | -1M | -45M | -82M | -55M | -59M | -71M | -98M | -67M | -49M | -100M | -246M | -787M | 54M | 138M | -79.75M | -57M | -140M |
| EBITDA Margin % | -22.08% | -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% | -2.52% | -11.8% |
| EBITDA Growth % | -253.33% | -70.73% | -14.55% | 98.31% | 36.62% | 16.33% | 17.91% | -20.41% | 29% | 60.16% | 91.49% | -190.74% | -172.46% | -208.46% | -1280.7% | 138.57% | 159.23% | -40.16% | -177.62% | -501.97% |
| D&A (Non-Cash Add-back) | 0 | 11M | 5M | 12M | 11M | 12M | 12M | 13M | 16M | 17M | 12M | 19M | 24M | 25M | 23M | 22M | 20M | 22.39M | 12M | 12M |
| EBIT | -159M | -1.07B | -55M | 7M | -52M | -74M | -44M | -72M | -87M | -54M | -79M | 77M | -124M | -286M | -812M | 32M | 118M | -117.92M | -13M | -128M |
| Net Interest Income | 23M | -28M | -34M | -36M | -33M | -32M | -34M | -30M | -37M | -37M | -47M | -53M | -74M | -113M | -115M | -89M | -68M | -73M | -43M | -16M |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Income/Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Pretax Income | -173M | -1.1B | -89M | -29M | -85M | -113M | -78M | -91M | -109M | -91M | -106M | 24M | -101M | -399M | -927M | -53M | 28M | -190.55M | -56M | -144M |
| Pretax Margin % | -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% | -2.47% | -12.14% |
| Income Tax | 0 | -1M | 1M | 0 | 0 | 0 | 0 | 1M | 0 | 0 | 0 | 1M | 0 | 0 | 1M | 1M | 0 | 390K | 1M | 0 |
| Effective Tax Rate % | 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% | -1.79% | 0% |
| Net Income | -173M | -1.1B | -90M | -29M | -85M | -113M | -78M | -92M | -109M | -91M | -106M | 23M | -101M | -399M | -928M | -54M | 28M | -190.94M | -57M | -144M |
| Net Margin % | -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% | -2.52% | -12.14% |
| Net Income Growth % | -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% | 29.5% | -157.52% |
| Net Income (Continuing) | -173M | -1.1B | -90M | -29M | -85M | -113M | -78M | -92M | -109M | -91M | -106M | 23M | -101M | -399M | -928M | -54M | 28M | -190.94M | -57M | -144M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -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 | -0.09 | -0.24 |
| EPS Growth % | -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% | 89.59% | 63.7% |
| EPS (Basic) | -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 | -0.09 | -0.24 |
| Diluted Shares Outstanding | 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 | 603.39M | 588.37M |
| Basic Shares Outstanding | 959.33M | 766.53M | 741.94M | 729.48M | 723.54M | 716.32M | 705.36M | 693.45M | 682.46M | 672.66M | 662.15M | 646.06M | 641.92M | 634.6M | 629.53M | 624.96M | 619.14M | 612.52M | 603.39M | 588.37M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |