NASDAQ: OPEN
Opendoor Technologies Inc.CIK 0001801169 · Real Estate · SIC 6531 · Real Estate Agents & Managers
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Latest financial statements
From 10-Q filed May 7, 2026 (period ending Mar 31, 2026). SEC XBRL (companyfacts) — not generated by the model.
Consolidated Statements of Operations (Unaudited)
| Description | Q1 ended Mar 31, 2026 | Q3 ended Sep 30, 2025 |
|---|---|---|
| Revenue: | ||
| Total revenue / net sales | 720.0 | 915.0 |
| Cost of revenue / cost of sales | 648.0 | 849.0 |
| Gross profit | 72.0 | 66.0 |
| Operating expenses: | ||
| Sales and marketing | 70.0 | 66.0 |
| Research and development | 24.0 | 19.0 |
| General and administrative | 137.0 | 48.0 |
| Total operating expenses | 231.0 | 134.0 |
| Operating income | (159.0) | (68.0) |
| Interest expense | 23.0 | 34.0 |
| Other income/(expense), net | 10.0 | 14.0 |
| Income before income taxes | (173.0) | (89.0) |
| Income tax expense/(benefit) | 0.1 | 1.0 |
| Net income | (173.0) | (90.0) |
| Basic earnings per share | (0.18) | (0.12) |
| Diluted earnings per share | (0.18) | (0.12) |
Consolidated Balance Sheets (Unaudited)
| Description | Mar 31, 2026 | Dec 31, 2025 |
|---|---|---|
| Current assets: | ||
| Cash and equivalents | 999.0 | 962.0 |
| Prepaid expenses and other current assets | 26.0 | 69.0 |
| Other current assets | 1,217 | 1,268 |
| Total current assets | 2,242 | 2,299 |
| Property, plant and equipment, net | 25.0 | 27.0 |
| Operating lease right-of-use assets, net | 8.0 | 8.0 |
| Finite-lived intangible assets, net | — | — |
| Goodwill | 3.0 | 3.0 |
| Deferred income taxes and other assets | 71.0 | 70.0 |
| TOTAL ASSETS | 2,349 | 2,407 |
| Current liabilities: | ||
| Line of credit | 68.0 | 52.0 |
| Current portion of operating lease liabilities | 1.0 | 1.0 |
| Other current liabilities | 248.0 | 274.0 |
| Total current liabilities | 317.0 | 327.0 |
| Operating lease liabilities | 6.0 | 6.0 |
| Deferred income taxes and other liabilities | 2.0 | 1.0 |
| Other long-term liabilities | 1,070 | 1,068 |
| Total liabilities | 1,395 | 1,402 |
| Shareholders' equity: | ||
| Common stock | — | — |
| Capital in excess of stated value | 6,160 | 6,038 |
| Accumulated other comprehensive income (loss) | — | — |
| Retained earnings (deficit) | (5,206) | (5,033) |
| Total shareholders' equity | 954.0 | 1,005 |
| TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY | 2,349 | 2,407 |
Consolidated Statements of Cash Flows (Unaudited)
| Description | Q1 ended Mar 31, 2026 | Nine months ended Sep 30, 2025 |
|---|---|---|
| Operating Activities: | ||
| Net cash from operating activities | (246.0) | 979.0 |
| Investing Activities: | ||
| Net cash from investing activities | (4.0) | (9.0) |
| Financing Activities: | ||
| Net cash from financing activities | 16.0 | (281.0) |
| Net increase/(decrease) in cash | (234.0) | 689.0 |
Amounts in millions USD; EPS as reported. Line labels are presentation-friendly mappings of filer XBRL tags — not a re-audit of the full statements. Use EDGAR for interactive notes and detail. Interactive statements & notes on EDGAR ↗