Opendoor Technologies (OPEN) Financial Statements
Price: $1.13
Market Cap: $817.58M
Avg Volume: 42.64M
Market Cap: $817.58M
Avg Volume: 42.64M
Country: US
Industry: Real Estate - Services
Sector: Real Estate
Industry: Real Estate - Services
Sector: Real Estate
Overview of Financial Statements
Financial statements are records that provide an overview of a company's financial performance and position. There are three main types of financial statements:
- Income Statement: Shows the company's revenue, expenses, and profit over a specific period.
- Balance Sheet: Provides a snapshot of the company's assets, liabilities, and equity at a specific point in time.
- Cash Flow Statement: Details the cash inflows and outflows from operating, investing, and financing activities over a period.
This page presents both annual and quarterly data for these financial statements. The charts below provide a visual representation of the key metrics from each statement, helping you to quickly understand the financial health of Opendoor Technologies.
Income Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $5.15B | $6.95B | $15.57B | $8.02B | $2.58B | $4.74B | $1.84B | $711.07M |
| Cost of Revenue | $4.72B | $6.46B | $14.90B | $7.29B | $2.36B | $4.44B | $1.70B | $644.72M |
| Gross Profit | $433.00M | $487.00M | $667.00M | $730.00M | $219.80M | $301.00M | $133.43M | $66.35M |
| Gross Profit Ratio | 8.40% | 7.00% | 4.28% | 9.10% | 8.51% | 6.35% | 7.26% | 9.33% |
| Research and Development Expenses | $141.00M | $167.00M | $169.00M | $134.00M | $58.17M | $51.00M | $28.46M | $16.12M |
| General and Administrative Expenses | $182.00M | $206.00M | $346.00M | $620.00M | $152.77M | $114.00M | $72.35M | $36.93M |
| Selling and Marketing Expenses | $413.00M | $486.00M | $1.01B | $544.00M | $194.72M | $384.00M | $196.29M | $74.94M |
| Selling General and Administrative Expenses | $595.00M | $692.00M | $1.35B | $1.16B | $347.49M | $498.00M | $268.64M | $111.87M |
| Other Expenses | $17.00M | $- | $-10.00M | $38.00M | $4.27M | $13.00M | $2.60M | $- |
| Operating Expenses | $753.00M | $656.00M | $1.52B | $1.30B | $405.66M | $549.00M | $297.10M | $128.02M |
| Cost and Expenses | $5.47B | $7.31B | $16.42B | $8.59B | $2.77B | $4.99B | $2.00B | $772.74M |
| Interest Income | $- | $- | $363.00M | $140.00M | $63.00M | $98.00M | $- | $23.09M |
| Interest Expense | $133.00M | $211.00M | $385.00M | $143.00M | $67.81M | $110.00M | $60.46M | $- |
| Depreciation and Amortization | $53.00M | $72.00M | $16.42B | $8.59B | $2.77B | $4.99B | $12.78M | $7.44M |
| EBITDA | $-205.00M | $-290.00M | $-761.00M | $-463.00M | $-122.00M | $-190.00M | $-166.31M | $-54.20M |
| EBITDA Ratio | -3.98% | -4.18% | -4.97% | -5.92% | -4.62% | -4.13% | -8.07% | -7.62% |
| Operating Income | $-320.00M | $-362.00M | $-854.00M | $-568.00M | $-185.87M | $-248.00M | $-163.67M | $-61.64M |
| Operating Income Ratio | -6.21% | -5.21% | -5.49% | -7.08% | -7.20% | -5.23% | -8.90% | -8.67% |
| Total Other Income Expenses Net | $-71.00M | $88.00M | $-500.00M | $-93.00M | $-100.00M | $-91.00M | $-75.88M | $-23.12M |
| Income Before Tax | $-391.00M | $-274.00M | $-1.35B | $-661.00M | $-286.70M | $-339.00M | $-239.55M | $-84.77M |
| Income Before Tax Ratio | -7.59% | -3.94% | -8.68% | -8.24% | -11.10% | -7.15% | -13.03% | -11.92% |
| Income Tax Expense | $1.00M | $1.00M | $2.00M | $1.00M | $63.00K | $125.00M | $377.00K | $62.00K |
| Net Income | $-392.00M | $-275.00M | $-1.35B | $-662.00M | $-286.76M | $-464.00M | $-241.29M | $-84.83M |
| Net Income Ratio | -7.61% | -3.96% | -8.69% | -8.25% | -11.10% | -9.79% | -13.13% | -11.93% |
| EPS | $-0.56 | $-0.42 | $-2.16 | $-1.12 | $-2.62 | $-5.80 | $-0.44 | $-2.12 |
| EPS Diluted | $-0.56 | $-0.42 | $-2.16 | $-1.12 | $-2.62 | $-5.80 | $-0.44 | $-2.12 |
| Weighted Average Shares Outstanding | 699.46M | 657.11M | 627.11M | 592.57M | 109.30M | 79.98M | 544.42M | 39.93M |
| Weighted Average Shares Outstanding Diluted | 699.46M | 657.11M | 627.11M | 592.57M | 109.30M | 79.98M | 544.42M | 39.93M |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source |
Balance Sheet
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 |
|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $671.00M | $999.00M | $1.14B | $1.73B | $1.41B | $405.08M | $262.37M |
| Short Term Investments | $8.00M | $69.00M | $144.00M | $484.00M | $47.64M | $43.58M | $9.00M |
| Cash and Short Term Investments | $679.00M | $1.07B | $1.28B | $2.21B | $1.46B | $448.66M | $272.48M |
| Net Receivables | $- | $- | $- | $- | $- | $- | $-1.11M |
| Inventory | $2.16B | $1.77B | $4.46B | $6.10B | $465.94M | $1.31B | $1.36B |
| Other Current Assets | $159.00M | $602.00M | $725.00M | $1.03B | $126.87M | $30.88M | $175.00M |
| Total Current Assets | $3.00B | $3.44B | $6.47B | $9.34B | $2.05B | $2.09B | $1.81B |
| Property Plant Equipment Net | $66.00M | $91.00M | $99.00M | $87.00M | $78.75M | $95.29M | $17.98M |
| Goodwill | $3.00M | $4.00M | $4.00M | $60.00M | $30.95M | $30.95M | $9.40M |
| Intangible Assets | $- | $5.00M | $12.00M | $12.00M | $8.68M | $12.41M | $3.74M |
| Goodwill and Intangible Assets | $3.00M | $9.00M | $16.00M | $72.00M | $39.63M | $43.36M | $13.14M |
| Long Term Investments | $- | $- | $25.00M | $5.00M | $-2.18B | $-2.23B | $- |
| Tax Assets | $- | $- | $-25.00M | $-5.00M | $2.18B | $2.23B | $- |
| Other Non-Current Assets | $60.00M | $22.00M | $27.00M | $7.00M | $4.10M | $5.39M | $3.00M |
| Total Non-Current Assets | $129.00M | $122.00M | $142.00M | $166.00M | $122.47M | $144.04M | $34.12M |
| Other Assets | $- | $- | $- | $- | $- | $- | $- |
| Total Assets | $3.13B | $3.57B | $6.61B | $9.51B | $2.18B | $2.23B | $1.84B |
| Account Payables | $9.00M | $2.00M | $5.00M | $3.00M | $3.00M | $6.45M | $6.24M |
| Short Term Debt | $2.00M | $5.00M | $1.38B | $4.25B | $367.00M | $1.09B | $1.03B |
| Tax Payables | $8.00M | $7.00M | $29.00M | $24.00M | $733.00K | $5.74M | $- |
| Deferred Revenue | $- | $- | $- | $- | $- | $- | $- |
| Other Current Liabilities | $510.00M | $56.00M | $88.00M | $122.00M | $22.27M | $26.59M | $29.36M |
| Total Current Liabilities | $529.00M | $70.00M | $1.50B | $4.40B | $393.39M | $1.13B | $1.07B |
| Long Term Debt | $391.00M | $2.53B | $4.02B | $2.86B | $183.00M | $410.46M | $100.50M |
| Deferred Revenue Non-Current | $- | $- | $5.52B | $7.26B | $623.00M | $2.96B | $- |
| Deferred Tax Liabilities Non-Current | $- | $- | $38.00M | $42.00M | $47.00M | $48.44M | $- |
| Other Non-Current Liabilities | $1.49B | $1.00M | $- | $- | $47.00M | $1.43B | $5.08M |
| Total Non-Current Liabilities | $1.88B | $2.53B | $4.02B | $2.86B | $182.19M | $1.84B | $105.58M |
| Other Liabilities | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities | $2.41B | $2.60B | $5.52B | $7.26B | $575.58M | $2.96B | $1.17B |
| Preferred Stock | $- | $- | $- | $- | $- | $1.39B | $1.08B |
| Common Stock | $- | $- | $- | $- | $54.00K | $18.00K | $- |
| Retained Earnings | $-3.73B | $-3.33B | $-3.06B | $-1.71B | $-1.08B | $-790.48M | $-446.06M |
| Accumulated Other Comprehensive Income Loss | $- | $-1.00M | $-4.00M | $-2.00M | $41.00K | $18.00K | $-2.00K |
| Other Total Stockholders Equity | $4.44B | $4.30B | $4.15B | $3.96B | $2.60B | $57.36M | $31.20M |
| Total Stockholders Equity | $713.00M | $967.00M | $1.09B | $2.25B | $1.60B | $-733.10M | $667.03M |
| Total Equity | $713.00M | $967.00M | $4.55B | $6.29B | $596.01M | $1.42B | $668.52M |
| Total Liabilities and Stockholders Equity | $3.13B | $3.57B | $6.61B | $9.51B | $2.18B | $2.23B | $1.84B |
| Minority Interest | $- | $- | $3.46B | $4.05B | $-1.00B | $2.15B | $1.49M |
| Total Liabilities and Total Equity | $3.13B | $3.57B | $6.61B | $9.51B | $2.18B | $2.23B | $1.84B |
| Total Investments | $8.00M | $69.00M | $144.00M | $484.00M | $47.64M | $43.58M | $9.00M |
| Total Debt | $378.00M | $2.53B | $5.40B | $7.11B | $549.13M | $1.50B | $1.13B |
| Net Debt | $-293.00M | $1.53B | $4.26B | $5.38B | $-863.53M | $1.09B | $870.73M |
Cash Flow Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 |
|---|---|---|---|---|---|---|---|---|
| Net Income | $-392.00M | $-275.00M | $-1.35B | $-662.00M | $-286.76M | $-339.00M | $-239.93M | $-84.83M |
| Depreciation and Amortization | $53.00M | $72.00M | $90.00M | $55.00M | $62.35M | $39.00M | $12.78M | $7.44M |
| Deferred Income Tax | $- | $- | $- | $-47.00M | $25.66M | $-5.00M | $21.02M | $- |
| Stock Based Compensation | $114.00M | $126.00M | $171.00M | $536.00M | $38.00M | $13.00M | $8.42M | $3.76M |
| Change in Working Capital | $- | $2.56B | $956.00M | $-5.72B | $836.56M | $-13.00M | $-1.00B | $-150.39M |
| Accounts Receivables | $- | $- | $54.00M | $-61.00M | $-5.98M | $-22.00M | $-8.09M | $- |
| Inventory | $57.00M | $2.61B | $896.00M | $-5.66B | $834.14M | $17.00M | $-1.02B | $-152.39M |
| Accounts Payables | $31.00M | $-38.00M | $-25.00M | $76.00M | $-4.00M | $-5.00M | $16.38M | $- |
| Other Working Capital | $- | $-18.00M | $31.00M | $-83.00M | $12.39M | $-3.00M | $4.47M | $2.00M |
| Other Non Cash Items | $-370.00M | $-136.00M | $866.00M | $48.00M | $6.09M | $33.00M | $20.52M | $5.47M |
| Net Cash Provided by Operating Activities | $-595.00M | $2.34B | $730.00M | $-5.79B | $681.91M | $-272.00M | $-1.18B | $-218.55M |
| Investments in Property Plant and Equipment | $-25.00M | $-37.00M | $-37.00M | $-34.00M | $-17.34M | $-28.00M | $-20.02M | $-2.87M |
| Acquisitions Net | $- | $- | $-10.00M | $-33.00M | $5.00M | $-33.00M | $-4.86M | $- |
| Purchases of Investments | $- | $- | $-53.00M | $-501.00M | $-174.53M | $-79.00M | $-22.93M | $- |
| Sales Maturities of Investments | $55.00M | $81.00M | $334.00M | $92.00M | $170.00M | $45.00M | $40.37M | $- |
| Other Investing Activities | $-2.00M | $- | $281.00M | $-410.00M | $-5.00M | $-34.00M | $17.45M | $-27.07M |
| Net Cash Used for Investing Activities | $28.00M | $44.00M | $234.00M | $-476.00M | $-21.87M | $-95.00M | $-7.43M | $-29.94M |
| Debt Repayment | $-215.00M | $-2.64B | $-1.75B | $6.61B | $-820.00M | $346.00M | $837.55M | $- |
| Common Stock Issued | $5.00M | $5.00M | $4.00M | $886.00M | $82.00K | $- | $- | $- |
| Common Stock Repurchased | $- | $- | $- | $- | $- | $-3.00M | $-37.78M | $- |
| Dividends Paid | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Financing Activities | $5.00M | $-5.00M | $-4.00M | $-158.00M | $981.00M | $303.00M | $696.72M | $161.18M |
| Net Cash Used Provided by Financing Activities | $-210.00M | $-2.64B | $-1.75B | $7.34B | $160.66M | $646.00M | $1.50B | $161.18M |
| Effect of Forex Changes on Cash | $- | $- | $- | $- | $- | $- | $- | $- |
| Net Change in Cash | $-777.00M | $-251.00M | $-787.00M | $1.07B | $820.71M | $279.00M | $309.43M | $-87.32M |
| Cash at End of Period | $763.00M | $1.54B | $1.79B | $2.58B | $1.51B | $685.00M | $405.77M | $96.35M |
| Cash at Beginning of Period | $1.54B | $1.79B | $2.58B | $1.51B | $684.82M | $406.00M | $96.35M | $183.66M |
| Operating Cash Flow | $-595.00M | $2.34B | $730.00M | $-5.79B | $681.91M | $-272.00M | $-1.18B | $-218.55M |
| Capital Expenditure | $-25.00M | $-37.00M | $-37.00M | $-34.00M | $-17.34M | $-28.00M | $-20.02M | $-2.87M |
| Free Cash Flow | $-620.00M | $2.31B | $693.00M | $-5.83B | $664.57M | $-300.00M | $-1.20B | $-221.42M |