OPEN: financial statements from SEC — TradeAlmanac

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Opendoor Technologies Inc: financial statements

Company reports as filed with the U.S. Securities and Exchange Commission.

AnnualQuarterly

Income statement

Metric	31 Dec 2025	31 Dec 2024
Revenue	4.37B	5.15B
Cost of revenue	4.02B	4.72B
Gross profit	350M	433M
Research and development	79M	141M
Selling, general and administrative	238M	182M
Operating expenses	637M	753M
Operating income	−287M	−320M
Pre-tax income	−1.30B	−391M
Income tax	0	1M
Net income	−1.30B	−392M
Earnings per share	−1.70	−0.56
Earnings per share, diluted	−1.70	−0.56
Weighted average shares	767M	699M
Weighted average shares, diluted	767M	699M

Balance sheet

Metric	31 Mar 2026	31 Dec 2025	30 Sept 2025	30 Jun 2025	31 Mar 2025	31 Dec 2024	30 Sept 2024	30 Jun 2024
Cash and equivalents	999M	962M	962M	789M	559M	671M	829M	790M
Short-term investments	—	0

Cash flow

Metric	31 Dec 2025	31 Dec 2024
Operating cash flow	1.05B	−595M
Depreciation and amortisation	44M	48M
Share-based compensation	159M	114M
Capital expenditure	12M	25M
Investing cash flow	−12M	28M
Financing cash flow	−499M

Amounts in USD unless stated otherwise. Data: US exchange trading and company filings with the regulator