Opendoor Technologies Inc Series A Warrants (OPENL) Financials
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 OPENL SEC filings page.
Opendoor Technologies Inc Series A Warrants (OPENL) 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).
OPENL's dominant mechanic is revenue contraction, persistent operating losses, and cash flow that does not consistently mirror earnings.
FY2025's operating margin of-6.6% versus net margin of-29.7% shows bottom-line deterioration was much larger than the operating loss alone; the tables point to material below-operating-line effects without identifying them. Across FY2022-FY2025, operating cash flow was positive in three years despite recurring net losses, while free cash flow flipped negative in FY2024 and positive again in FY2025, so earnings and cash are not moving as a single system.
Revenue fell to
Current ratio was 7.0x and debt-to-equity was 1.4x in FY2025, indicating substantial short-term asset coverage alongside lower leverage. Shares rose from 724M to 958M over the same period, so a stronger equity position did not eliminate dilution.
Financial Health Signals
Opendoor Technologies Inc Series A Warrants 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.
Opendoor Technologies Inc Series A Warrants 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.
Opendoor Technologies Inc Series A Warrants 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.
Opendoor Technologies Inc Series A Warrants 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
Earnings & Revenue
Opendoor Technologies Inc Series A Warrants 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%.
Opendoor Technologies Inc Series A Warrants'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%.
Opendoor Technologies Inc Series A Warrants 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%.
Opendoor Technologies Inc Series A Warrants 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
Opendoor Technologies Inc Series A Warrants 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%.
Opendoor Technologies Inc Series A Warrants held $896.0M in cash as of Q2 2026; long-term debt is not reported for that period.
Not reported for Q2 2026.
Margins & Returns
Opendoor Technologies Inc Series A Warrants'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.
Opendoor Technologies Inc Series A Warrants'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.
Opendoor Technologies Inc Series A Warrants'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.
Opendoor Technologies Inc Series A Warrants'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
Opendoor Technologies Inc Series A Warrants 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%.
Opendoor Technologies Inc Series A Warrants 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%.
Not reported for Q2 2026.
OPENL 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.
| 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% |
OPENL Balance Sheet
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.
| 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.
OPENL Cash Flow 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.
| 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.
OPENL 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.
| 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.
Where Opendoor Technologies Inc Series A Warrants Ranks
Frequently Asked Questions
What is Opendoor Technologies Inc Series A Warrants's annual revenue?
Opendoor Technologies Inc Series A Warrants (OPENL) 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 Series A Warrants's revenue growing?
Opendoor Technologies Inc Series A Warrants (OPENL) revenue declined by 15.2% year-over-year, from $5.2B to $4.4B in fiscal year 2025.
Is Opendoor Technologies Inc Series A Warrants profitable?
No, Opendoor Technologies Inc Series A Warrants (OPENL) reported a net income of -$1.3B in fiscal year 2025, with a net profit margin of -29.7%.
What is Opendoor Technologies Inc Series A Warrants's EBITDA?
Opendoor Technologies Inc Series A Warrants (OPENL) had EBITDA of -$256.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Opendoor Technologies Inc Series A Warrants's gross margin?
Opendoor Technologies Inc Series A Warrants (OPENL) 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 Series A Warrants's operating margin?
Opendoor Technologies Inc Series A Warrants (OPENL) 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 Series A Warrants's net profit margin?
Opendoor Technologies Inc Series A Warrants (OPENL) 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 Series A Warrants's return on equity (ROE)?
Opendoor Technologies Inc Series A Warrants (OPENL) 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 Series A Warrants's free cash flow?
Opendoor Technologies Inc Series A Warrants (OPENL) 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 Series A Warrants's operating cash flow?
Opendoor Technologies Inc Series A Warrants (OPENL) generated $1.0B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Opendoor Technologies Inc Series A Warrants's total assets?
Opendoor Technologies Inc Series A Warrants (OPENL) had $2.4B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Opendoor Technologies Inc Series A Warrants's capital expenditures?
Opendoor Technologies Inc Series A Warrants (OPENL) invested $12.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Opendoor Technologies Inc Series A Warrants spend on research and development?
Opendoor Technologies Inc Series A Warrants (OPENL) invested $79.0M in research and development during fiscal year 2025.
What is Opendoor Technologies Inc Series A Warrants's current ratio?
Opendoor Technologies Inc Series A Warrants (OPENL) had a current ratio of 7.03 as of fiscal year 2025, which is generally considered healthy.
What is Opendoor Technologies Inc Series A Warrants's debt-to-equity ratio?
Opendoor Technologies Inc Series A Warrants (OPENL) 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 Series A Warrants's return on assets (ROA)?
Opendoor Technologies Inc Series A Warrants (OPENL) 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 Series A Warrants's Piotroski F-Score?
Opendoor Technologies Inc Series A Warrants (OPENL) 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 Series A Warrants's earnings high quality?
Opendoor Technologies Inc Series A Warrants (OPENL) 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 Series A Warrants cover its interest payments?
Opendoor Technologies Inc Series A Warrants (OPENL) 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.