What is Opendoor Technologies Inc's earnings per share (EPS)?

Opendoor Technologies Inc (OPEN) reported diluted earnings per share of -$1.70 for fiscal year 2025. This represents a -203.6% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Opendoor Technologies Inc (OPEN) Financials

OPEN

Trailing 12 months to June 30, 2026

Revenue $3.3B -37.2% YoY

Net Income -$1.5B -398.7% YoY

EPS (Diluted) -$1.89 -339.5% YoY

Free Cash Flow -$474.0M -192.8% YoY

Market Cap $2.2B as of Oct 6, 2026

Price / Sales 0.7x on $3.3B revenue, trailing 12 months to June 30, 2026

Price / Earnings n/m net loss, so no earnings multiple, trailing 12 months to June 30, 2026

Price / Book 2.4x on $914.0M equity, Q2 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 6, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Aug 4, 2026 Currency USD FYE December

Newest figures come from the 10-Q for Q2 FY2026, filed Aug 4, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the OPEN SEC filings page.

Opendoor Technologies Inc (OPEN) reported $3.3B in revenue over the twelve months to Jun 30, 2026, down 37.2% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 8 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI OPEN FY2025 2026-10-03

Opendoor’s shrinking business produces thin gross margins, while cash generation reverses sharply despite persistent reported losses.

The FY2025 net loss of $1.3B was far larger than its $287M operating loss, so below-operating items—not day-to-day gross profit—dominated reported earnings. Yet operating cash flow moved from -$595M in FY2024 to $1.0B in FY2025 while free cash flow closely followed, indicating cash results were driven more by balance-sheet movements than accounting profitability.

Gross margin was 8.0% in FY2025 versus 8.4% in FY2024, showing a narrow spread available to absorb overhead. Operating margin remained -6.6%, so modest changes in volume or cost structure can materially alter reported results.

Total liabilities fell from $2.4B in FY2024 to $1.4B in FY2025, while debt-to-equity improved from 3.4x to 1.4x; the balance sheet is less leveraged. That deleveraging accompanied a smaller asset base, from $3.1B to $2.4B, pointing to less balance-sheet scale.

Financial Health Signals

Financial health score not available

Opendoor Technologies Inc does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.

Altman Z-Score Distress

0.42

Opendoor Technologies Inc scores 0.42, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($2.2B) relative to total liabilities ($1.4B). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Partial

4/8

Opendoor Technologies Inc passes 4 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 2 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Mixed

N/A

Opendoor Technologies Inc reported a net loss of $1.3B while generating $1.0B in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.

Interest Coverage At Risk

N/A

Opendoor Technologies Inc reported an operating loss of $287.0M against $131.0M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.

Key Financial Metrics

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Earnings & Revenue

Revenue

$883.0M

YoY-43.7%

QoQ+22.6%

5Y CAGR-5.7%

Opendoor Technologies Inc generated $883.0M in revenue in Q2 2026. This represents a decrease of 43.7% from the same quarter a year earlier. Against the prior quarter it is up 22.6%.

EBITDA

-$139.0M

YoY-2680.0%

QoQ+9.2%

Opendoor Technologies Inc's EBITDA was -$139.0M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 2680.0% from the same quarter a year earlier. Against the prior quarter it is up 9.2%.

Net Income

-$162.0M

YoY-458.6%

QoQ+6.4%

Opendoor Technologies Inc reported -$162.0M in net income in Q2 2026. This represents a decrease of 458.6% from the same quarter a year earlier. Against the prior quarter it is up 6.4%.

EPS (Diluted)

-$0.17

YoY-325.0%

QoQ+5.6%

Opendoor Technologies Inc earned -$0.17 per diluted share (EPS) in Q2 2026. This represents a decrease of 325.0% from the same quarter a year earlier. Against the prior quarter it is up 5.6%.

Cash & Balance Sheet

Free Cash Flow

-$723.0M

YoY-188.1%

QoQ-189.2%

Opendoor Technologies Inc recorded an outflow of $723.0M in free cash flow in Q2 2026, representing a cash shortfall after capex. This represents a decrease of 188.1% from the same quarter a year earlier. Against the prior quarter it is down 189.2%.

Cash & Debt

$896.0M

YoY+13.6%

QoQ-10.3%

5Y CAGR-10.5%

Opendoor Technologies Inc held $896.0M in cash as of Q2 2026; long-term debt is not reported for that period.

Shares Outstanding

971M

YoY+31.9%

QoQ+0.7%

5Y CAGR+9.9%

Opendoor Technologies Inc had 971M shares outstanding in Q2 2026. This represents an increase of 31.9% from the same quarter a year earlier. Against the prior quarter it is up 0.7%.

Dividends Per Share

Not reported for Q2 2026.

Margins & Returns

Gross Margin

9.7%

YoY+1.6pp

QoQ-0.3pp

5Y change-3.7pp

Opendoor Technologies Inc's gross margin was 9.7% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is up 1.6 percentage points from the same quarter a year earlier. Against the prior quarter it is down 0.3 percentage points.

Operating Margin

-16.3%

YoY-15.5pp

QoQ+5.8pp

5Y change-3.5pp

Opendoor Technologies Inc's operating margin was -16.3% in Q2 2026, reflecting core business profitability. This is down 15.5 percentage points from the same quarter a year earlier. Against the prior quarter it is up 5.8 percentage points.

Net Margin

-18.4%

YoY-16.5pp

QoQ+5.7pp

5Y change-6.2pp

Opendoor Technologies Inc's net profit margin was -18.4% in Q2 2026, showing the share of revenue converted to profit. This is down 16.5 percentage points from the same quarter a year earlier. Against the prior quarter it is up 5.7 percentage points.

Return on Equity

-17.7%

YoY-13.1pp

QoQ+0.4pp

5Y change-11.8pp

Opendoor Technologies Inc's ROE was -17.7% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is down 13.1 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.4 percentage points.

Capital Allocation

R&D Spending

$27.0M

YoY+28.6%

QoQ+12.5%

5Y CAGR+2.4%

Opendoor Technologies Inc invested $27.0M in research and development in Q2 2026. This represents an increase of 28.6% from the same quarter a year earlier. Against the prior quarter it is up 12.5%.

Capital Expenditures

$5.0M

YoY+150.0%

QoQ+25.0%

5Y CAGR-6.5%

Opendoor Technologies Inc invested $5.0M in capex in Q2 2026, funding long-term assets and infrastructure. This represents an increase of 150.0% from the same quarter a year earlier. Against the prior quarter it is up 25.0%.

Share Buybacks

Not reported for Q2 2026.

OPEN Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

OPEN quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K
Revenue	$3.3B	$4.4B-15.2%	$5.2B-25.8%	$6.9B-55.4%	$15.6B+94.1%	$8.0B+210.5%	$2.6B-45.5%	$4.7B+157.9%	$1.8B
Cost of Revenue	$3.0B	$4.0B-14.8%	$4.7B-26.9%	$6.5B-56.7%	$14.9B+104.4%	$7.3B+208.5%	$2.4B-46.8%	$4.4B+160.5%	$1.7B
Gross Profit	$281.0M	$350.0M-19.2%	$433.0M-11.1%	$487.0M-27.0%	$667.0M-8.6%	$730.0M+231.8%	$220.0M-26.9%	$301.0M+125.6%	$133.4M
R&D Expenses	$88.0M	$79.0M-44.0%	$141.0M-15.6%	$167.0M-1.2%	$169.0M+26.1%	$134.0M+139.3%	$56.0M+9.8%	$51.0M+79.2%	$28.5M
SG&A Expenses	$449.0M	$238.0M+30.8%	$182.0M-11.7%	$206.0M-40.5%	$346.0M-44.2%	$620.0M+369.7%	$132.0M+15.8%	$114.0M+57.6%	$72.3M
Operating Income	-$521.0M	-$287.0M+10.3%	-$320.0M+17.1%	-$386.0M+58.5%	-$931.0M-63.9%	-$568.0M-205.4%	-$186.0M+25.0%	-$248.0M-51.5%	-$163.7M
EBITDA	N/A	-$256.0M+10.8%	-$287.0M+17.5%	-$348.0M+61.1%	-$894.0M-65.2%	-$541.0M-229.9%	-$164.0M+29.6%	-$233.0M-46.5%	-$159.1M
Interest Expense	$114.0M	$131.0M-1.5%	$133.0M-37.0%	$211.0M-45.2%	$385.0M+169.2%	$143.0M+110.3%	$68.0M-38.2%	$110.0M+82.0%	$60.5M
Income Tax	-$200K	$0-100.0%	$1.0M0.0%	$1.0M-50.0%	$2.0M+100.0%	$1.0M	$0	$0-100.0%	$377K
Net Income	-$1.5B	-$1.3B-231.6%	-$392.0M-42.5%	-$275.0M+79.7%	-$1.4B-104.4%	-$662.0M-161.7%	-$253.0M+25.8%	-$341.0M-41.3%	-$241.3M
EPS (Basic)	N/A	-$1.70-203.6%	-$0.56-33.3%	-$0.42+80.6%	-$2.16-92.9%	-$1.12+51.5%	-$2.31+45.8%	-$4.26-34.8%	-$3.16
EPS (Diluted)	-$1.89	-$1.70-203.6%	-$0.56-33.3%	-$0.42+80.6%	-$2.16-92.9%	-$1.12	-$2.31	-$4.37-38.3%	-$3.16
Diluted Shares (Avg)	N/A	767M+9.6%	699M+6.4%	657M+4.8%	627M+5.8%	593M	109M	80M+1.8%	79M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Revenue	$883.0M-43.7%	$720.0M-37.6%	$736.0M-32.1%	$915.0M-33.6%	$1.6B+3.7%	$1.2B-2.4%	$1.1B+24.6%	$1.4B+40.5%
Cost of Revenue	$797.0M-44.6%	$648.0M-38.5%	$679.0M-32.0%	$849.0M-33.3%	$1.4B+4.1%	$1.1B-1.2%	$999.0M+25.2%	$1.3B+43.9%
Gross Profit	$86.0M-32.8%	$72.0M-27.3%	$57.0M-32.9%	$66.0M-37.1%	$128.0M-0.8%	$99.0M-13.2%	$85.0M+18.1%	$105.0M+9.4%
R&D Expenses	$27.0M+28.6%	$24.0M+14.3%	$18.0M-45.5%	$19.0M-36.7%	$21.0M-43.2%	$21.0M-48.8%	$33.0M-28.3%	$30.0M-28.6%
SG&A Expenses	$135.0M+382.1%	$137.0M+315.2%	$129.0M+214.6%	$48.0M+4.3%	$28.0M-41.7%	$33.0M-29.8%	$41.0M-14.6%	$46.0M-4.2%
Operating Income	-$144.0M-1007.7%	-$159.0M-183.9%	-$150.0M-59.6%	-$68.0M-1.5%	-$13.0M+81.9%	-$56.0M+35.6%	-$94.0M+18.3%	-$67.0M+15.2%
EBITDA	-$139.0M-2680.0%	-$153.0M-218.8%	-$143.0M-66.3%	-$60.0M0.0%	-$5.0M+92.1%	-$48.0M+38.5%	-$86.0M+17.3%	-$60.0M+15.5%
Interest Expense	$29.0M-19.4%	$23.0M-30.3%	$28.0M-12.5%	$34.0M0.0%	$36.0M+20.0%	$33.0M-10.8%	$32.0M-13.5%	$34.0M-27.7%
Income Tax	$100K-50.0%	$100K-50.0%	-$1.4M-600.0%	$1.0M	$200K-80.0%	$200K0.0%	-$200K+33.3%	$0
Net Income	-$162.0M-458.6%	-$173.0M-103.5%	-$1.1B-869.9%	-$90.0M-15.4%	-$29.0M+68.5%	-$85.0M+22.0%	-$113.0M-24.2%	-$78.0M+26.4%
EPS (Basic)	-$0.17-325.0%	-$0.18-50.0%	-$1.42-787.5%	-$0.12-9.1%	-$0.04+69.2%	-$0.12+25.0%	-$0.16-14.3%	-$0.11+31.3%
EPS (Diluted)	-$0.17-325.0%	-$0.18-50.0%	-$1.42-787.5%	-$0.12-9.1%	-$0.04+69.2%	-$0.12+25.0%	-$0.16-14.3%	-$0.11+31.3%
Diluted Shares (Avg)	966M+32.4%	959M+32.6%	N/A	742M+5.2%	729M+5.2%	724M+6.0%	N/A	705M+6.5%

OPEN Balance Sheet

OPEN quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K
Total Assets	$2.4B-23.0%	$3.1B-12.4%	$3.6B-46.0%	$6.6B-30.5%	$9.5B+336.9%	$2.2B-2.5%	$2.2B	N/A
Current Assets	$2.3B-23.3%	$3.0B-13.0%	$3.4B-46.7%	$6.5B-30.8%	$9.3B+354.9%	$2.1B-1.7%	$2.1B	N/A
Cash & Equivalents	$962.0M+43.4%	$671.0M-32.8%	$999.0M-12.1%	$1.1B-34.3%	$1.7B+22.5%	$1.4B+248.9%	$405.0M+54.4%	$262.4M
Short-Term Investments	$0-100.0%	$8.0M-88.4%	$69.0M-52.1%	$144.0M-70.2%	$484.0M+908.3%	$48.0M+10.2%	$43.6M	$0
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$3.0M0.0%	$3.0M-25.0%	$4.0M0.0%	$4.0M-93.3%	$60.0M+93.5%	$31.0M+0.2%	$30.9M	N/A
Total Liabilities	$1.4B-41.9%	$2.4B-7.2%	$2.6B-52.9%	$5.5B-23.9%	$7.3B+1065.0%	$623.0M-79.0%	$3.0B	N/A
Current Liabilities	$327.0M-38.2%	$529.0M+655.7%	$70.0M-95.3%	$1.5B-65.8%	$4.4B+1019.6%	$393.0M-65.1%	$1.1B	N/A
Non-Current Liabilities	$1.1B-42.9%	$1.9B-25.5%	$2.5B-37.0%	$4.0B+40.6%	$2.9B+1142.6%	$230.0M-87.5%	$1.8B	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	$135.5M	N/A	N/A
Total Equity	$1.0B+41.0%	$713.0M-26.3%	$967.0M-11.0%	$1.1B-51.7%	$2.2B+44.8%	$1.6B+311.9%	-$733.0M-77.1%	-$414.0M
Retained Earnings	-$5.0B-35.1%	-$3.7B-11.8%	-$3.3B-9.0%	-$3.1B-79.4%	-$1.7B-63.5%	-$1.0B-31.9%	-$790.5M	N/A

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Total Assets	$3.0B+1.9%	$2.3B-28.3%	$2.4B-23.0%	$2.7B-20.8%	$2.9B-13.8%	$3.3B-3.7%	$3.1B-12.4%	$3.4B-13.6%
Current Assets	$2.9B+1.9%	$2.2B-28.9%	$2.3B-23.3%	$2.6B-20.7%	$2.8B-13.9%	$3.2B-4.0%	$3.0B-13.0%	$3.3B-14.6%
Cash & Equivalents	$896.0M+13.6%	$999.0M+78.7%	$962.0M+43.4%	$962.0M+16.0%	$789.0M-0.1%	$559.0M-41.3%	$671.0M-32.8%	$829.0M-28.2%
Short-Term Investments	$0	$0	$0-100.0%	$0-100.0%	$0-100.0%	$0-100.0%	$8.0M-88.4%	$8.0M-88.9%
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$3.0M0.0%	$3.0M0.0%	$3.0M0.0%	$3.0M0.0%	$3.0M-25.0%	$3.0M-25.0%	$3.0M-25.0%	$3.0M-25.0%
Total Liabilities	$2.0B-10.1%	$1.4B-47.0%	$1.4B-41.9%	$1.9B-27.6%	$2.3B-9.9%	$2.6B+5.1%	$2.4B-7.2%	$2.6B-10.8%
Current Liabilities	$968.0M+50.5%	$317.0M-69.9%	$327.0M-38.2%	$914.0M+26.8%	$643.0M+63.6%	$1.1B+1323.0%	$529.0M+655.7%	$721.0M+874.3%
Non-Current Liabilities	$1.1B-33.9%	$1.1B-31.7%	$1.1B-42.9%	$975.0M-48.4%	$1.6B-23.5%	$1.6B-35.0%	$1.9B-25.5%	$1.9B-33.8%
Total Equity	$914.0M+44.8%	$954.0M+47.9%	$1.0B+41.0%	$811.0M+1.2%	$631.0M-25.3%	$645.0M-28.3%	$713.0M-26.3%	$801.0M-21.5%
Retained Earnings	-$5.4B-39.8%	-$5.2B-36.6%	-$5.0B-35.1%	-$3.9B-8.8%	-$3.8B-8.6%	-$3.8B-10.7%	-$3.7B-11.8%	-$3.6B-11.4%

Not reported in any period shown, so not listed: Inventory, Accounts Receivable, Long-Term Debt.

OPEN Cash Flow Statement

OPEN quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K
Operating Cash Flow	-$459.0M	$1.0B+276.3%	-$595.0M-125.4%	$2.3B+221.1%	$730.0M+112.6%	-$5.8B-949.6%	$682.0M+350.7%	-$272.0M+76.9%	-$1.2B
Depreciation & Amortization	N/A	$31.0M-6.1%	$33.0M-13.2%	$38.0M+2.7%	$37.0M+37.0%	$27.0M+22.7%	$22.0M+46.7%	$15.0M+226.1%	$4.6M
Stock-Based Compensation	N/A	$159.0M+39.5%	$114.0M-9.5%	$126.0M-26.3%	$171.0M-68.1%	$536.0M+1310.5%	$38.0M+192.3%	$13.0M+54.4%	$8.4M
Capital Expenditures	$15.0M	$12.0M-52.0%	$25.0M-32.4%	$37.0M0.0%	$37.0M+12.1%	$33.0M+94.1%	$17.0M-39.3%	$28.0M+39.8%	$20.0M
Free Cash Flow	-$474.0M	$1.0B+267.3%	-$620.0M-126.9%	$2.3B+232.9%	$693.0M+111.9%	-$5.8B-976.2%	$665.0M+321.7%	-$300.0M+75.0%	-$1.2B
Investing Cash Flow	-$26.0M	-$12.0M-142.9%	$28.0M-36.4%	$44.0M-81.2%	$234.0M+149.2%	-$476.0M-2063.6%	-$22.0M+76.8%	-$95.0M-1178.3%	-$7.4M
Financing Cash Flow	$262.0M	-$499.0M-137.6%	-$210.0M+92.0%	-$2.6B-50.7%	-$1.8B-123.8%	$7.3B+4460.2%	$161.0M-75.1%	$646.0M-56.8%	$1.5B
Dividends Paid	N/A	N/A	N/A	$0	$0	$0	$0	$0	$0
Share Buybacks	N/A	N/A	N/A	N/A	N/A	$0	$0-100.0%	$3.0M-92.1%	$37.8M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Operating Cash Flow	-$718.0M-187.2%	-$246.0M+11.8%	$70.0M+187.5%	$435.0M+601.6%	$823.0M+306.3%	-$279.0M-56.7%	-$80.0M+85.2%	$62.0M+128.7%
Depreciation & Amortization	$5.0M-37.5%	$6.0M-25.0%	$7.0M-12.5%	$8.0M+14.3%	$8.0M-11.1%	$8.0M-11.1%	$8.0M-27.3%	$7.0M-12.5%
Stock-Based Compensation	$119.0M+815.4%	$120.0M+757.1%	N/A	$27.0M+8.0%	$13.0M-60.6%	$14.0M-57.6%	N/A	$25.0M-19.4%
Capital Expenditures	$5.0M+150.0%	$4.0M0.0%	$3.0M0.0%	$3.0M-50.0%	$2.0M-75.0%	$4.0M-50.0%	$3.0M-66.7%	$6.0M-45.5%
Free Cash Flow	-$723.0M-188.1%	-$250.0M+11.7%	$67.0M+180.7%	$432.0M+671.4%	$821.0M+301.7%	-$283.0M-52.2%	-$83.0M+84.9%	$56.0M+124.7%
Investing Cash Flow	-$10.0M-400.0%	-$4.0M-300.0%	-$3.0M0.0%	-$9.0M	-$2.0M-122.2%	$2.0M-90.9%	-$3.0M+25.0%	$0-100.0%
Financing Cash Flow	$623.0M+289.4%	$16.0M-92.3%	-$218.0M-4.8%	-$159.0M-296.3%	-$329.0M-2293.3%	$207.0M+311.2%	-$208.0M+28.8%	$81.0M+138.0%
Dividends Paid	N/A	N/A	N/A	$0	$0	$0	N/A	$0

Not reported in any period shown, so not listed: Share Buybacks.

OPEN Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

OPEN quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K
Gross Margin	8.0%-0.4pp	8.4%+1.4pp	7.0%+2.7pp	4.3%-4.8pp	9.1%+0.6pp	8.5%+2.2pp	6.3%-0.9pp	7.3%
Operating Margin	-6.6%-0.4pp	-6.2%-0.7pp	-5.6%+0.4pp	-6.0%+1.1pp	-7.1%+0.1pp	-7.2%-2.0pp	-5.2%+3.7pp	-8.9%
Net Margin	-29.7%-22.1pp	-7.6%-3.6pp	-4.0%+4.7pp	-8.7%-0.4pp	-8.3%+1.5pp	-9.8%-2.6pp	-7.2%+5.9pp	-13.1%
Return on Equity	-129.4%-74.4pp	-55.0%-26.5pp	-28.4%+96.2pp	-124.6%-95.1pp	-29.4%-13.2pp	-16.3%	N/A	N/A
Return on Assets	-54.0%-41.5pp	-12.5%-4.8pp	-7.7%+12.8pp	-20.5%-13.5pp	-7.0%+4.7pp	-11.6%+3.6pp	-15.3%	N/A
Current Ratio	7.03+1.4x	5.67-43.5x	49.21+44.9x	4.30+2.2x	2.12-3.1x	5.22+3.4x	1.85	N/A
Debt-to-Equity	1.40-2.0x	3.38+0.7x	2.69-2.4x	5.08+1.9x	3.23+3.1x	0.09	N/A	N/A
Asset Turnover	1.82+0.2x	1.65-0.3x	1.95-0.4x	2.36+1.5x	0.84-0.3x	1.19-0.9x	2.12	N/A
FCF Margin	23.7%+35.8pp	-12.0%-45.2pp	33.2%+28.8pp	4.5%+77.1pp	-72.7%-98.4pp	25.8%+32.1pp	-6.3%+58.9pp	-65.3%

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Gross Margin	9.7%+1.6pp	10.0%+1.4pp	7.7%-0.1pp	7.2%-0.4pp	8.2%-0.4pp	8.6%-1.1pp	7.8%-0.4pp	7.6%-2.2pp
Operating Margin	-16.3%-15.5pp	-22.1%-17.2pp	-20.4%-11.7pp	-7.4%-2.6pp	-0.8%+3.9pp	-4.9%+2.5pp	-8.7%+4.6pp	-4.9%+3.2pp
Net Margin	-18.4%-16.5pp	-24.0%-16.7pp	-148.9%	-9.8%-4.2pp	-1.8%+4.2pp	-7.4%+1.9pp	-10.4%0.0pp	-5.7%+5.2pp
Return on Equity	-17.7%-13.1pp	-18.1%-4.9pp	-109.1%-93.2pp	-11.1%-1.4pp	-4.6%+6.3pp	-13.2%-1.1pp	-15.8%-6.4pp	-9.7%+0.7pp
Return on Assets	-5.5%-4.5pp	-7.4%-4.8pp	-45.5%-41.9pp	-3.3%-1.0pp	-1.0%+1.7pp	-2.6%+0.6pp	-3.6%-1.1pp	-2.3%+0.4pp
Current Ratio	2.94-1.4x	7.07+4.1x	7.03+1.4x	2.83-1.7x	4.35-3.9x	2.99-41.4x	5.67-43.5x	4.53-47.1x
Debt-to-Equity	2.24-1.4x	1.46-2.6x	1.40-2.0x	2.33-0.9x	3.61+0.6x	4.08+1.3x	3.38+0.7x	3.26+0.4x
Asset Turnover	0.30-0.2x	0.310.0x	0.310.0x	0.34-0.1x	0.54+0.1x	0.350.0x	0.35+0.1x	0.40+0.2x
FCF Margin	-81.9%-134.3pp	-34.7%-10.2pp	9.1%+16.8pp	47.2%+43.1pp	52.4%+79.3pp	-24.5%-8.8pp	-7.7%+55.7pp	4.1%+27.2pp

Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Net Margin.

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
Opendoor Technologies Inc OPEN	FY2025	$4.4B	-$1.3B	-29.7%	$2.2B	—
Colliers International Group Inc. CIGI	FY2025	$5.6B	$224.6M	4.0%	$4.6B	68/100
FirstService Corporation FSV	FY2025	$5.5B	$190.7M	3.5%	$5.6B	67/100
Compass, Inc. COMP	FY2025	$7.0B	-$58.5M	-0.8%	$7.1B	25/100
Newmark Group, Inc. NMRK	FY2025	$3.3B	$126.2M	3.8%	$2.3B	54/100
Cushman & Wakefield Ltd. CWK	FY2025	$10.3B	$88.2M	0.9%	$2.8B	43/100

Where Opendoor Technologies Inc Ranks

Frequently Asked Questions

What is Opendoor Technologies Inc's annual revenue?

Opendoor Technologies Inc (OPEN) reported $4.4B in total revenue for fiscal year 2025. This represents a -15.2% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Opendoor Technologies Inc's revenue growing?

Opendoor Technologies Inc (OPEN) revenue declined by 15.2% year-over-year, from $5.2B to $4.4B in fiscal year 2025.

Is Opendoor Technologies Inc profitable?

No, Opendoor Technologies Inc (OPEN) reported a net income of -$1.3B in fiscal year 2025, with a net profit margin of -29.7%.

What is Opendoor Technologies Inc's EBITDA?

Opendoor Technologies Inc (OPEN) had EBITDA of -$256.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

What is Opendoor Technologies Inc's gross margin?

Opendoor Technologies Inc (OPEN) had a gross margin of 8.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Opendoor Technologies Inc's operating margin?

Opendoor Technologies Inc (OPEN) had an operating margin of -6.6% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Opendoor Technologies Inc's net profit margin?

Opendoor Technologies Inc (OPEN) had a net profit margin of -29.7% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Opendoor Technologies Inc's return on equity (ROE)?

Opendoor Technologies Inc (OPEN) has a return on equity of -129.4% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Opendoor Technologies Inc's free cash flow?

Opendoor Technologies Inc (OPEN) generated $1.0B in free cash flow during fiscal year 2025. This represents a 267.3% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Opendoor Technologies Inc's operating cash flow?

Opendoor Technologies Inc (OPEN) generated $1.0B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Opendoor Technologies Inc's total assets?

Opendoor Technologies Inc (OPEN) had $2.4B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Opendoor Technologies Inc's capital expenditures?

Opendoor Technologies Inc (OPEN) invested $12.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How much does Opendoor Technologies Inc spend on research and development?

Opendoor Technologies Inc (OPEN) invested $79.0M in research and development during fiscal year 2025.

How many shares does Opendoor Technologies Inc have outstanding?

Opendoor Technologies Inc (OPEN) had 958M shares outstanding as of fiscal year 2025.

What is Opendoor Technologies Inc's current ratio?

Opendoor Technologies Inc (OPEN) had a current ratio of 7.03 as of fiscal year 2025, which is generally considered healthy.

What is Opendoor Technologies Inc's debt-to-equity ratio?

Opendoor Technologies Inc (OPEN) had a debt-to-equity ratio of 1.40 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Opendoor Technologies Inc's return on assets (ROA)?

Opendoor Technologies Inc (OPEN) had a return on assets of -54.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Opendoor Technologies Inc's P/E ratio?

Opendoor Technologies Inc (OPEN) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (trailing 12 months to June 30, 2026). The market capitalization is $2.2B as of Oct 6, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Opendoor Technologies Inc's price-to-sales ratio?

Opendoor Technologies Inc (OPEN) trades at 0.7x sales, its market capitalization divided by revenue of $3.3B revenue, trailing 12 months to June 30, 2026. The market capitalization is $2.2B as of Oct 6, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Opendoor Technologies Inc's Altman Z-Score?

Opendoor Technologies Inc (OPEN) has an Altman Z-Score of 0.42, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is Opendoor Technologies Inc's Piotroski F-Score?

Opendoor Technologies Inc (OPEN) has a Piotroski F-Score of 4 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Opendoor Technologies Inc's earnings high quality?

Opendoor Technologies Inc (OPEN) reported a net loss of $1.3B while generating $1.0B in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Opendoor Technologies Inc cover its interest payments?

Opendoor Technologies Inc (OPEN) reported an operating loss of $287.0M against $131.0M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.