Opendoor Technologies Inc.

EDGAR

Annual consolidated revenue for 2025: about USD 4.371B, using the latest reported figures. The previous period, 2024, was about USD 5.153B.

Watchlist

Latest quarter

Revenue

883 million USD

2026 Q2 · USD

Exact inputs and evidence

Operating margin

-16.31%

2026 Q2 · %

Exact inputs and evidence
  • Operating Income: -144000000 USD Source
  • Revenue: 883000000 USD Source

Operating cash flow

-718 million USD

2026 Q2 · USD

Exact inputs and evidence
  • Operating Cash Flow: -964000000 USD Source
  • Operating Cash Flow: -246000000 USD Source

Free cash flow

-723 million USD

2026 Q2 · USD

Exact inputs and evidence
  • Operating Cash Flow: -964000000 USD Source
  • Operating Cash Flow: -246000000 USD Source
  • Capital Expenditure: 9000000 USD Source
  • Capital Expenditure: 4000000 USD Source
Cash and cash equivalents
896 million USD Source
Exact value

896000000 USD

Long-term debt including current maturities
446 million USD Source
Exact value

445846000 USD

Shares outstanding
969 million shares Source
Exact value

968626958 shares

Reported share-count change

32.04% · 235 million shares

Year-over-year change in reported shares. Splits, issuance and buybacks can affect this figure; it does not isolate employee compensation or economic dilution.

Exact inputs and evidence
  • 733592980 shares · 2025-06-30· Source
  • 968626958 shares · 2026-06-30· Source

Company performance

Up to ten complete financial years · consolidated figures

Includes later revisions to earlier periods. Annual charts exclude incomplete years.

Latest filing recorded: 2026-10-29.

Financial data available through: 2025-12-31.

Coverage by financial measure
  • Revenue: 8 of 11 periods available· newest 2025-12-31
  • Operating income: 8 of 11 periods available· newest 2025-12-31
  • Net income: 8 of 11 periods available· newest 2025-12-31
  • Operating cash flow: 8 of 11 periods available· newest 2025-12-31
  • Capital expenditure: 8 of 11 periods available· newest 2025-12-31
  • Total assets: 7 of 11 periods available· newest 2025-12-31
  • Total liabilities: 7 of 11 periods available· newest 2025-12-31
  • Current assets: 7 of 11 periods available· newest 2025-12-31
  • Current liabilities: 7 of 11 periods available· newest 2025-12-31
  • Cash and cash equivalents: 8 of 11 periods available· newest 2025-12-31
  • Long-term debt including current maturities: 1 of 11 periods available· newest 2020-12-31
  • Shares outstanding: 7 of 11 periods available· newest 2025-12-31

Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.

What changed year over year

Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.

  • Revenue

    -15.2%

    Prior period

    USD 5.15 billion

    –

    Current period

    USD 4.37 billion

    –

    Exact inputs and evidence

    4371000000 − 5153000000 = -782000000 USD

    5153000000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    4371000000 USD · 2025-01-01 – 2025-12-31

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  • Net income

    −USD 908 million

    Prior period

    −USD 392 million

    –

    Current period

    −USD 1.3 billion

    –

    Exact inputs and evidence

    -1300000000 − -392000000 = -908000000 USD

    -392000000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    -1300000000 USD · 2025-01-01 – 2025-12-31

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  • Operating cash flow

    +USD 1.64 billion

    Prior period

    −USD 595 million

    –

    Current period

    USD 1.05 billion

    –

    Exact inputs and evidence

    1049000000 − -595000000 = 1644000000 USD

    -595000000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    1049000000 USD · 2025-01-01 – 2025-12-31

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  • Capital expenditure

    -52%

    Prior period

    USD 25 million

    –

    Current period

    USD 12 million

    –

    Exact inputs and evidence

    12000000 − 25000000 = -13000000 USD

    25000000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    12000000 USD · 2025-01-01 – 2025-12-31

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Where revenue goes

How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.

2025 2025-01-01 – 2025-12-31

  • Revenue USD 4.37 billion 100% of revenue
  • Cost of revenue USD 4.02 billion 92% of revenue
  • Operating expenses USD 637 million 15% of revenue
  • Operating income −USD 287 million −6.6% of revenue
  • Tax, interest and other Derived USD 1.01 billion 23% of revenue
  • Net income −USD 1.3 billion −30% of revenue

Cash

  • Operating cash flow USD 1.05 billion 24% of revenue
  • Capital expenditure USD 12 million 0.3% of revenue
  • Free cash flow Derived USD 1.04 billion 24% of revenue

Share of revenue by period

  • Net income
  • Tax, interest and other
  • Operating costs
  • 2018 Operating loss: operating costs were 109% of revenue.
  • 2019 Operating loss: operating costs were 105% of revenue.
  • 2020 Operating loss: operating costs were 107% of revenue.
  • 2021 Operating loss: operating costs were 107% of revenue.
  • 2022 Operating loss: operating costs were 106% of revenue.
  • 2023 Operating loss: operating costs were 106% of revenue.
  • 2024 Operating loss: operating costs were 106% of revenue.
  • 2025 Operating loss: operating costs were 107% of revenue.
Values and sources
Revenue breakdown by annual reporting period
PeriodRevenueOperating costsOperating incomeTax, interest and otherNet incomeFree cash flowSource
2018 2018-01-01 – 2018-12-311838066000 2001738000 Derived -163672000 77619000 Derived -241291000 -1199659000 Derived
Source
2019 2019-01-01 – 2019-12-314741000000 4989000000 Derived -248000000 93000000 Derived -341000000 -300000000 Derived
Source
2020 2020-01-01 – 2020-12-312583000000 2769000000 Derived -186000000 67000000 Derived -253000000 665000000 Derived
Source
2021 2021-01-01 – 2021-12-318021000000 8589000000 Derived -568000000 94000000 Derived -662000000 -5827000000 Derived
Source
2022 2022-01-01 – 2022-12-3115567000000 16498000000 Derived -931000000 422000000 Derived -1353000000 693000000 Derived
Source
2023 2023-01-01 – 2023-12-316946000000 7332000000 Derived -386000000 -111000000 Derived -275000000 2307000000 Derived
Source
2024 2024-01-01 – 2024-12-315153000000 5473000000 Derived -320000000 72000000 Derived -392000000 -620000000 Derived
Source
2025 2025-01-01 – 2025-12-314371000000 4658000000 Derived -287000000 1013000000 Derived -1300000000 1037000000 Derived
Source

Amounts are exact, in USD.

Growth

Sales over time and how quickly they are changing.

Revenue

Revenue reported for each complete financial period.

USD 4.4B 2025
Revenue historyRevenue reported for each complete financial period. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.16.8B12.6B8.4B4.2B0.0201820222025
Values and sources
Revenue values and source evidence
PeriodSeriesValue(USD)Source evidence
2018Revenue1838066000
2019Revenue4741000000
2020Revenue2583000000
2021Revenue8021000000
2022Revenue15567000000
2023Revenue6946000000
2024Revenue5153000000
2025Revenue4371000000

Revenue growth

Change in revenue from the same financial period one year earlier.

-15.2% 2025
Revenue growth historyChange in revenue from the same financial period one year earlier. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.232%155%78%0%-77%201820222025
Values and sources
Revenue growth values and source evidence
PeriodSeriesValueSource evidence
2018Year over yearNo prior comparable period
2019Year over year157.9%
2020Year over year-45.5%
2021Year over year210.5%
2022Year over year94.1%
2023Year over year-55.4%
2024Year over year-25.8%
2025Year over year-15.2%

Profit and cash

How much revenue becomes profit, and how much cash operations generate.

Profit margins

Operating income, net income and free cash flow as a share of revenue.

Operating margin -6.6% 2025
Net margin -29.7% 2025
Free cash flow margin 23.7% 2025
Profit margins historyOperating income, net income and free cash flow as a share of revenue. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.42%11%-20%-50%-81%201820222025
  • Operating margin
  • Net margin
  • Free cash flow margin
Values and sources
Profit margins values and source evidence
PeriodSeriesValueSource evidence
2018Operating margin-8.9%
2019Operating margin-5.2%
2020Operating margin-7.2%
2021Operating margin-7.1%
2022Operating margin-6%
2023Operating margin-5.6%
2024Operating margin-6.2%
2025Operating margin-6.6%
2018Net margin-13.1%
2019Net margin-7.2%
2020Net margin-9.8%
2021Net margin-8.3%
2022Net margin-8.7%
2023Net margin-4%
2024Net margin-7.6%
2025Net margin-29.7%
2018Free cash flow margin-65.3%
2019Free cash flow margin-6.3%
2020Free cash flow margin25.7%
2021Free cash flow margin-72.6%
2022Free cash flow margin4.5%
2023Free cash flow margin33.2%
2024Free cash flow margin-12%
2025Free cash flow margin23.7%

Operating cash flow

Cash generated by the company’s normal business operations.

USD 1B 2025
Operating cash flow historyCash generated by the company’s normal business operations. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.3.0B635.0M-1.7B-4.1B-6.4B201820222025
Values and sources
Operating cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2018Operating cash flow-1179637000
2019Operating cash flow-272000000
2020Operating cash flow682000000
2021Operating cash flow-5794000000
2022Operating cash flow730000000
2023Operating cash flow2344000000
2024Operating cash flow-595000000
2025Operating cash flow1049000000

Free cash flow

Operating cash flow minus capital expenditure for the same period and unit.

USD 1B 2025
Free cash flow historyOperating cash flow minus capital expenditure for the same period and unit. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.3.0B598.9M-1.8B-4.1B-6.5B201820222025
Values and sources
Free cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2018Free cash flow-1199659000
2019Free cash flow-300000000
2020Free cash flow665000000
2021Free cash flow-5827000000
2022Free cash flow693000000
2023Free cash flow2307000000
2024Free cash flow-620000000
2025Free cash flow1037000000

Balance sheet

Liabilities and short-term ability to meet obligations at each period end.

Liabilities to assets

Total liabilities as a share of total assets.

58.2% 2025
Liabilities to assets historyTotal liabilities as a share of total assets. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.90%68%45%23%0%2018-12-3120222025
Values and sources
Liabilities to assets values and source evidence
PeriodSeriesValueSource evidence
2018-12-31Liabilities / assetsNot reportedNo source recorded
2019Liabilities / assets70.9%
2020Liabilities / assets28.6%
2021Liabilities / assets76.4%
2022Liabilities / assets83.6%
2023Liabilities / assets72.9%
2024Liabilities / assets77.2%
2025Liabilities / assets58.2%

Current assets to current liabilities

Current assets divided by current liabilities.

7.03× 2025
Current assets to current liabilities historyCurrent assets divided by current liabilities. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.53.15×39.86×26.58×13.29×0.00×2018-12-3120222025
Values and sources
Current assets to current liabilities values and source evidence
PeriodSeriesValueSource evidence
2018-12-31Current assets / current liabilitiesNot reportedNo source recorded
2019Current assets / current liabilities1.85×
2020Current assets / current liabilities5.22×
2021Current assets / current liabilities2.12×
2022Current assets / current liabilities4.3×
2023Current assets / current liabilities49.21×
2024Current assets / current liabilities5.67×
2025Current assets / current liabilities7.03×

Cash generation

Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.

Cash generation by annual reporting period
PeriodNet incomeOperating cash flowCapital expenditureFree cash flow
2018 2018-01-01 – 2018-12-31
−USD 241.29 million
Exact value

Exact value: -241291000 USD

2018-01-01 – 2018-12-31: -241291000 USD Inspect Net Income Open source
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−USD 1.18 billion
Exact value

Exact value: -1179637000 USD

2018-01-01 – 2018-12-31: -1179637000 USD Inspect Operating Cash Flow Open source
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USD 20.02 million
Exact value

Exact value: 20022000 USD

2018-01-01 – 2018-12-31: 20022000 USD Inspect Capital Expenditure Open source
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−USD 1.2 billion
Calculation and evidence

-1179637000 − 20022000 USD

Exact free cash flow: -1199659000 USD

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2019 2019-01-01 – 2019-12-31
−USD 341 million
Exact value

Exact value: -341000000 USD

2019-01-01 – 2019-12-31: -341000000 USD Inspect Net Income Open source
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−USD 272 million
Exact value

Exact value: -272000000 USD

2019-01-01 – 2019-12-31: -272000000 USD Inspect Operating Cash Flow Open source
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USD 28 million
Exact value

Exact value: 28000000 USD

2019-01-01 – 2019-12-31: 28000000 USD Inspect Capital Expenditure Open source
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−USD 300 million
Calculation and evidence

-272000000 − 28000000 USD

Exact free cash flow: -300000000 USD

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2020 2020-01-01 – 2020-12-31
−USD 253 million
Exact value

Exact value: -253000000 USD

2020-01-01 – 2020-12-31: -253000000 USD Inspect Net Income Open source
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USD 682 million
Exact value

Exact value: 682000000 USD

2020-01-01 – 2020-12-31: 682000000 USD Inspect Operating Cash Flow Open source
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USD 17 million
Exact value

Exact value: 17000000 USD

2020-01-01 – 2020-12-31: 17000000 USD Inspect Capital Expenditure Open source
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USD 665 million
Calculation and evidence

682000000 − 17000000 USD

Exact free cash flow: 665000000 USD

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2021 2021-01-01 – 2021-12-31
−USD 662 million
Exact value

Exact value: -662000000 USD

2021-01-01 – 2021-12-31: -662000000 USD Inspect Net Income Open source
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−USD 5.79 billion
Exact value

Exact value: -5794000000 USD

2021-01-01 – 2021-12-31: -5794000000 USD Inspect Operating Cash Flow Open source
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USD 33 million
Exact value

Exact value: 33000000 USD

2021-01-01 – 2021-12-31: 33000000 USD Inspect Capital Expenditure Open source
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−USD 5.83 billion
Calculation and evidence

-5794000000 − 33000000 USD

Exact free cash flow: -5827000000 USD

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2022 2022-01-01 – 2022-12-31
−USD 1.35 billion
Exact value

Exact value: -1353000000 USD

2022-01-01 – 2022-12-31: -1353000000 USD Inspect Net Income Open source
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USD 730 million
Exact value

Exact value: 730000000 USD

2022-01-01 – 2022-12-31: 730000000 USD Inspect Operating Cash Flow Open source
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USD 37 million
Exact value

Exact value: 37000000 USD

2022-01-01 – 2022-12-31: 37000000 USD Inspect Capital Expenditure Open source
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USD 693 million
Calculation and evidence

730000000 − 37000000 USD

Exact free cash flow: 693000000 USD

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2023 2023-01-01 – 2023-12-31
−USD 275 million
Exact value

Exact value: -275000000 USD

2023-01-01 – 2023-12-31: -275000000 USD Inspect Net Income Open source
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USD 2.34 billion
Exact value

Exact value: 2344000000 USD

2023-01-01 – 2023-12-31: 2344000000 USD Inspect Operating Cash Flow Open source
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USD 37 million
Exact value

Exact value: 37000000 USD

2023-01-01 – 2023-12-31: 37000000 USD Inspect Capital Expenditure Open source
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USD 2.31 billion
Calculation and evidence

2344000000 − 37000000 USD

Exact free cash flow: 2307000000 USD

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2024 2024-01-01 – 2024-12-31
−USD 392 million
Exact value

Exact value: -392000000 USD

2024-01-01 – 2024-12-31: -392000000 USD Inspect Net Income Open source
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−USD 595 million
Exact value

Exact value: -595000000 USD

2024-01-01 – 2024-12-31: -595000000 USD Inspect Operating Cash Flow Open source
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USD 25 million
Exact value

Exact value: 25000000 USD

2024-01-01 – 2024-12-31: 25000000 USD Inspect Capital Expenditure Open source
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−USD 620 million
Calculation and evidence

-595000000 − 25000000 USD

Exact free cash flow: -620000000 USD

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2025 2025-01-01 – 2025-12-31
−USD 1.3 billion
Exact value

Exact value: -1300000000 USD

2025-01-01 – 2025-12-31: -1300000000 USD Inspect Net Income Open source
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USD 1.05 billion
Exact value

Exact value: 1049000000 USD

2025-01-01 – 2025-12-31: 1049000000 USD Inspect Operating Cash Flow Open source
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USD 12 million
Exact value

Exact value: 12000000 USD

2025-01-01 – 2025-12-31: 12000000 USD Inspect Capital Expenditure Open source
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USD 1.04 billion
Calculation and evidence

1049000000 − 12000000 USD

Exact free cash flow: 1037000000 USD

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Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.

Dataset coverage and company identifiers

Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.

45 filings · 2,427 latest values · 2,427 originally reported values

Dataset published . Source filing dates and reporting periods are shown separately.

Identifiers: 0001801169, 1801169, IPOB, OPEN, OPENL, OPENW, OPENZ, edgar:1801169

Also known as Opendoor Technologies Inc., Social Capital Hedosophia Holdings Corp. II