Opendoor Technologies Inc. income statement

In fiscal 2025, Opendoor Technologies Inc. reported revenue of $4.37bn, down 15.2% on the year before, operating income of −$287m (a -6.6% margin) and net income of −$1.30bn, or −$1.70 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

US$ billions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Opendoor Technologies Inc.: income statement, annual
Fiscal year	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMJun 2026
Revenue	1.8	4.7	2.6	8.0	15.6	6.9	5.2	4.4	3.3
Cost of revenue	1.7	4.4	2.4	7.3	14.9	6.5	4.7	4.0	3.0
Gross profit	0.1	0.3	0.2	0.7	0.7	0.5	0.4	0.4	0.3
Research and development	0.0	0.1	0.1	0.1	0.2	0.2	0.1	0.1	0.1
Selling and marketing	0.2	0.4	0.2	0.5	1.0	0.5	0.4	0.3	0.3
General and administrative	0.1	0.1	0.1	0.6	0.3	0.2	0.2	0.2	0.4
Operating income	−0.2	−0.2	−0.2	−0.6	−0.9	−0.4	−0.3	−0.3	−0.5
Interest expense	0.1	0.1	0.1	0.1	0.4	0.2	0.1	0.1	0.1
Income before tax	−0.2	−0.3	−0.3	−0.7	−1.4	−0.3	−0.4	−1.3	−1.5
Income tax	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Net income	−0.2	−0.3	−0.3	−0.7	−1.4	−0.3	−0.4	−1.3	−1.5
Diluted EPS	−$3.16	−$4.37	−$2.31	−$1.12	−$2.16	−$0.42	−$0.56	−$1.70	−$1.72
Diluted shares (average)	79m	80m	109m	593m	627m	657m	699m	767m	885m
EBITDA	−0.2	−0.2	−0.2	−0.5	−0.9	−0.3	−0.3	−0.3	−0.5

US$ millions unless shown otherwise. Fiscal quarters.

Opendoor Technologies Inc.: income statement, quarterly
Quarter	2024 Q3Sept 2024	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026
Revenue	1,377	1,084	1,153	1,567	915	736	720	883
Cost of revenue	1,272	999	1,054	1,439	849	679	648	797
Gross profit	105	85	99	128	66	57	72	86
Research and development	30	33	21	21	19	18	24	27
Selling and marketing	96	88	98	86	66	60	70	65
General and administrative	46	41	33	28	48	129	137	135
Operating income	−67	−94	−56	−13	−68	−150	−159	−144
Interest expense	34	32	33	36	34	28	23	29
Income before tax	−78	−113	−85	−29	−89	−1,097	−173	−162
Income tax	0	0	0	0	1	−1	0	0
Net income	−78	−113	−85	−29	−90	−1,096	−173	−162
Diluted EPS	−$0.11	−$0.16	−$0.12	−$0.04	−$0.12	−$1.42	−$0.18	−$0.17
EBITDA	−60	−86	−48	−5	−60	−143	−153	−139

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

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Figures from Opendoor Technologies Inc.'s SEC filings (10-K and 10-Q), retrieved October 26, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Opendoor Technologies Inc.