Opendoor Technologies Inc.
Opendoor Technologies Inc. (OPEN) Financial Performance & Income Statement Overview
Review Opendoor Technologies Inc. (OPEN) income statement, balance sheet, and cash flow reports with annual and quarterly breakdowns.
Opendoor Technologies Inc. (OPEN) Income Statement & Financial Overview
Analyze Opendoor Technologies Inc.’s OPEN earnings with segmented quarterly and yearly financial statement figures.
| Metric | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 |
|---|---|---|---|---|
| Revenue | $1.15B | $1.08B | $1.38B | $1.51B |
| Cost of Revenue | $1.05B | $999.00M | $1.27B | $1.38B |
| Gross Profit | $99.00M | $85.00M | $105.00M | $129.00M |
| Gross Profit Ratio | $0.09 | $0.08 | $0.08 | $0.09 |
| R&D Expenses | $21.00M | $33.00M | $30.00M | $37.00M |
| SG&A Expenses | $131.00M | $129.00M | $142.00M | $164.00M |
| Operating Expenses | $155.00M | $179.00M | $172.00M | $201.00M |
| Total Costs & Expenses | $1.21B | $1.18B | $1.44B | $1.58B |
| Interest Income | $0.00 | $0.00 | $0.00 | $0.00 |
| Interest Expense | $33.00M | $32.00M | $34.00M | $30.00M |
| Depreciation & Amortization | $11.00M | $12.00M | $12.00M | $13.00M |
| EBITDA | -$41.00M | -$62.00M | -$32.00M | -$59.00M |
| EBITDA Ratio | -$0.04 | -$0.06 | -$0.02 | -$0.04 |
| Operating Income | -$56.00M | -$94.00M | -$67.00M | -$72.00M |
| Operating Income Ratio | -$0.05 | -$0.09 | -$0.05 | -$0.05 |
| Other Income/Expenses (Net) | -$29.00M | -$19.00M | -$11.00M | -$19.00M |
| Income Before Tax | -$85.00M | -$113.00M | -$78.00M | -$91.00M |
| Income Before Tax Ratio | -$0.07 | -$0.10 | -$0.06 | -$0.06 |
| Income Tax Expense | $0.00 | $0.00 | $0.00 | $1.00M |
| Net Income | -$85.00M | -$113.00M | -$78.00M | -$92.00M |
| Net Income Ratio | -$0.07 | -$0.10 | -$0.06 | -$0.06 |
| EPS | -$0.12 | -$0.16 | -$0.11 | -$0.13 |
| Diluted EPS | -$0.12 | -$0.16 | -$0.11 | -$0.13 |
| Weighted Avg Shares Outstanding | $723.54M | $716.32M | $705.36M | $693.45M |
| Weighted Avg Shares Outstanding (Diluted) | $723.54M | $716.32M | $705.36M | $693.45M |
The company's financials show resilient growth, with revenue advancing from $1.51B in Q2 2024 to $1.15B in Q1 2025. Gross profit remained healthy with margins at 9% in Q1 2025 compared to 9% in Q2 2024. Operating income hit -$56.00M last quarter, sustaining a consistent -5% margin. Changes in R&D and SG&A spending did not hinder EBITDA, which stood at -$41.00M. Net income rose to -$85.00M, while earnings per share reached -$0.12. Strong cost management and operational efficiency kept profitability intact, underlining the company's stable and competitive market performance.
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