Opendoor Technologies Inc.OPENWEarnings & 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.
OPENW Q3 2025 Key Financial Metrics
Revenue
$915.0M
Gross Profit
$66.0M
Operating Profit
$-68.0M
Net Profit
$-90.0M
Gross Margin
7.2%
Operating Margin
-7.4%
Net Margin
-9.8%
YoY Growth
-33.6%
EPS
$-0.12
Financial Flow
Opendoor Technologies Inc. Q3 2025 Financial Summary
Opendoor Technologies Inc. reported revenue of $915.0M for Q3 2025, with a net profit of $-90.0M (-9.8% margin). Cost of goods sold was $849.0M, operating expenses totaled $134.0M.
Key Financial Metrics
| Total Revenue | $915.0M |
|---|---|
| Net Profit | $-90.0M |
| Gross Margin | 7.2% |
| Operating Margin | -7.4% |
| Report Period | Q3 2025 |
Opendoor Technologies Inc. Annual Revenue by Year
Opendoor Technologies Inc. annual revenue history includes year-by-year totals (for example, 2024 revenue was $5.2B).
| Year | Annual Revenue |
|---|---|
| 2024 | $5.2B |
| 2023 | $6.9B |
| 2022 | $15.6B |
Income Statement
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $870.0M | $1.18B | $1.51B | $1.38B | $1.08B | $1.15B | $1.57B | $915.0M |
| YoY Growth | -69.5% | -62.1% | -23.5% | 40.5% | 24.6% | -2.4% | 3.7% | -33.6% |
Balance Sheet
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $3.57B | $3.40B | $3.37B | $3.41B | $3.13B | $3.28B | $2.91B | $2.70B |
| Liabilities | $2.60B | $2.50B | $2.53B | $2.61B | $2.41B | $2.63B | $2.28B | $1.89B |
| Equity | $967.0M | $899.0M | $845.0M | $801.0M | $713.0M | $645.0M | $631.0M | $811.0M |
Cash Flow
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $-542.0M | $-178.0M | $-399.0M | $62.0M | $-80.0M | $-279.0M | $823.0M | $435.0M |
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