Opendoor Technologies Inc.OPENEarnings & Financial Report
Opendoor Technologies Inc. is an online company that buys and sells residential real estate. Headquartered in San Francisco, it makes instant cash offers on homes through an online process, makes repairs on the properties it purchases and re-lists them for sale. It also provides mobile application-based home buying services along with financing. As of November 2021, the company operates in 44 markets in the US.
OPEN Q4 2025 Key Financial Metrics
Revenue
$736.0M
Gross Profit
$57.0M
Operating Profit
$-150.0M
Net Profit
$-1.1B
Gross Margin
7.7%
Operating Margin
-20.4%
Net Margin
-148.9%
YoY Growth
-32.1%
EPS
$-1.42
Financial Flow
Opendoor Technologies Inc. Q4 2025 Financial Summary
Opendoor Technologies Inc. reported revenue of $736.0M (down 32.1% YoY) for Q4 2025, with a net profit of $-1.1B (down 869.9% YoY) (-148.9% margin). Cost of goods sold was $679.0M, operating expenses totaled $207.0M.
Key Financial Metrics
| Total Revenue | $736.0M |
|---|---|
| Net Profit | $-1.1B |
| Gross Margin | 7.7% |
| Operating Margin | -20.4% |
| Report Period | Q4 2025 |
Opendoor Technologies Inc. Annual Revenue by Year
Opendoor Technologies Inc. annual revenue history includes year-by-year totals (for example, 2025 revenue was $4.4B). Click any linked year to see what changed vs the prior annual report.
Opendoor Technologies Inc. Quarterly Revenue & Net Profit History
Opendoor Technologies Inc. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 2025 | $736.0M | -32.1% | $-1.1B | -148.9% |
| Q3 2025 | $915.0M | -33.6% | $-90.0M | -9.8% |
| Q2 2025 | $1.6B | +3.7% | $-29.0M | -1.9% |
| Q1 2025 | $1.2B | -2.4% | $-85.0M | -7.4% |
| Q4 2024 | $1.1B | +24.6% | $-113.0M | -10.4% |
| Q3 2024 | $1.4B | +40.5% | $-78.0M | -5.7% |
| Q2 2024 | $1.5B | -23.5% | $-92.0M | -6.1% |
| Q1 2024 | $1.2B | -62.1% | $-109.0M | -9.2% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.18B | $1.51B | $1.38B | $1.08B | $1.15B | $1.57B | $915.0M | $736.0M |
| YoY Growth | -62.1% | -23.5% | 40.5% | 24.6% | -2.4% | 3.7% | -33.6% | -32.1% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $3.40B | $3.37B | $3.41B | $3.13B | $3.28B | $2.91B | $2.70B | $2.41B |
| Liabilities | $2.50B | $2.53B | $2.61B | $2.41B | $2.63B | $2.28B | $1.89B | $1.40B |
| Equity | $899.0M | $845.0M | $801.0M | $713.0M | $645.0M | $631.0M | $811.0M | $1.00B |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $-178.0M | $-399.0M | $62.0M | $-80.0M | $-279.0M | $823.0M | $435.0M | $70.0M |