Here are the 10-Q quarterly reports from Opendoor Technologies Inc Series A Warrants (OPENL) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow OPENL and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full OPENL filings page.
Opendoor Technologies Inc. buys and sells homes through a digital platform and reported softer results for the quarter ended June 30, 2026. Revenue was $883 million with gross profit of $86 million and gross margin of 9.7%, while net loss widened to $162 million (basic and diluted loss per share of $0.17). The company sold 2,339 homes and purchased 4,378, ending with 5,459 homes in inventory valued at $1.845 billion; 9% of homes had been on the market more than 120 days, down from 36% a year earlier.
Operating expenses reached $230 million, including $119 million of stock-based compensation, largely from market-condition RSUs. Operating cash flow for the first half of 2026 was an outflow of $964 million, including $932 million used to increase real estate inventory. As of June 30, 2026, Opendoor held $896 million in cash and cash equivalents and $66 million in restricted cash, against $1.762 billion of non-recourse asset-backed debt and $197 million of convertible senior notes principal. Management highlights disciplined pricing, inventory valuation adjustments of $14 million in the quarter, and a focus on partnerships and new services, including a recently launched mortgage product.
Opendoor Technologies reported first-quarter 2026 revenue of $720 million, down from $1,153 million a year earlier, as it sold fewer homes in a still‑weak U.S. housing market. Gross profit was $72 million for a 10.0 % gross margin, modestly above 8.6 % last year.
Operating expenses jumped to $231 million from $155 million, driven mainly by $120 million of stock‑based compensation, including $105 million tied to market‑condition RSUs and a CEO cash make‑whole award. Net loss widened to $173 million, or $(0.18) per share, versus a $(0.12) loss.
Opendoor ended March 31, 2026 with $999 million in cash and cash equivalents, $68 million of restricted cash, and real estate inventory of $1,139 million across 3,420 homes. Non‑recourse asset‑backed debt totaled $1,138 million and convertible senior notes had $197 million of principal outstanding, leaving shareholders’ equity at $954 million. Management highlighted ongoing affordability pressures, tighter housing supply, and a more selective, data‑driven approach to pricing and inventory risk.