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NASDAQ · REAL ESTATE AGENTS & MANAGERS (FOR OTHERS) · MID CAP

Opendoor Technologies Inc. OPEN

8 fiscal years on record · USD · FY2025 reported · SEC filings only
$4.4B
▼ 15.2% YoY
$-1.3B
$1.0B

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

Opendoor generates revenue primarily by acquiring homes directly from sellers and reselling them to buyers. It also offers customers integrated title insurance and escrow services through its subsidiaries. It has established a network of over 450 trade partners and local service providers who use its proprietary technology to complete inspections, home repairs and maintenance. As of December 31, 2025, it employed 1,042 individuals, including 858 in the United States. Since its launch, it has bought and sold over 294,000 homes across the United States. Since its initial market launch in Phoenix in 2014, it has expanded to operate in 50 markets across the United States as of the start of 2025.

Written from the business description in Opendoor Technologies Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 19 February 2026. Every sentence was checked against that document before publication.

Growth

USD 4.4B
Revenue, FY2025 · full 8-year series below
Revenue $B Net income $B
FY2025 · Revenue 4.4 · Net income -1.3
10B20B
2018202120242025
Compound annual growth
−34.5%
+11.1%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +11.1% a year over the five years to FY2025.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

−30 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating -6.6% · Net -29.7%
-10%-20%
201820212025
ROE
FY2025 · ROE -151.3%
-50%-100%-150%
201820212025
Three returns, three denominators.

Each USD of equity lost 151 cents this year.

Cash & shareholders

·
returned in FY2025 · dividends + net buybacks
Free cash flow $B
FY2025 · FCF 1.0
1.0B2.0B-2.5B-5.0B
201820212025
Net buybacks $M Dividends $M
FY2021 · Dividends · · Net buybacks -886.0
-400M-800M
2018201920202021

Total assetsUSD 2.4B
EquityUSD 1.0B
CashUSD 962.0M
Current ratio7.03×

Equity funds 42% of total assets.

The 8-year record

8 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative—not applicable◌not available in our data
OPEN, 8-year financial record
Metric 20252024202320222021202020192018
Revenue $B4.45.26.915.68.02.64.71.8
Operating income $B−0.3−0.3−0.4−0.9−0.6−0.2−0.2−0.2
EBITDA $B−0.3−0.3−0.3−0.9−0.5−0.2−0.2−0.2
Income tax $B0.00.00.00.00.00.00.00.0
Net income $B−1.3−0.4−0.3−1.4−0.7−0.3−0.3−0.2
Free cash flow $B1.0−0.62.30.7−5.80.7−0.3−1.2
EPS, diluted $−1.70−0.56−0.42−2.16−1.12−2.31−4.37−3.16
Dividend / sh $◌◌◌◌◌◌◌◌
Payout % — not applicable: no dividend————————
ROE %−151.3−46.7−26.8−81.2−34.8———
Shares out B0.960.720.680.640.620.540.08◌

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

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Provenance

Company facts, as filed

How we verify · 0 failures in 38 reconciliationsAUDITED

Reconciled in 8 of the 8 fiscal years we could check. 24 checks were skipped: the balance sheet is not tagged before 2019. 11 checks were skipped: EPS is not tagged before 2018. 11 checks were skipped: revenue is not tagged before 2018.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures
ActivityReal Estate Agents & Managers (For Others)
Listed onNASDAQ
Incorporated innot stated in the filings
Fiscal year endsDecember 31
Data on record since2018

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