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OPEN (Opendoor Technologies Inc.) Stock Financials & Earnings | Market Cap Arena
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Opendoor Technologies Inc.
Mkt Cap
$4B
Real Estate
·
Real Estate - Services
·
🇺🇸 United States
·
NASDAQ
Revenue (TTM)
$4.4B
Net Income (TTM)
-$1.3B
EPS (TTM)
-$1.70
Free Cash Flow (TTM)
$1.0B
Gross Margin
7.8%
Op. Margin
-6.6%
Net Margin
-29.7%
FCF Margin
23.7%
P/S Ratio (TTM)
0.9x
P/E Ratio (TTM)
—
YoY Rev Growth
-15.2%
Employees
—
Earnings Reports
▶
Q4 2025
Browse All Reports
Quarterly
FY
Revenue & Profitability
Revenue
Gross Profit
Operating Income
Quarter
Revenue
Gross Profit
Op. Income
Q1 23
$3.1B
$170M
-$124M
Q2 23
$2.0B
$149M
-$68M
Q3 23
$980M
$96M
-$79M
Q4 23
$870M
$72M
-$115M
Q1 24
$1.2B
$114M
-$87M
Q2 24
$1.5B
$129M
-$72M
Q3 24
$1.4B
$105M
-$67M
Q4 24
$1.1B
$85M
-$94M
Q1 25
$1.2B
$99M
-$56M
Q2 25
$1.6B
$128M
-$13M
Q3 25
$915M
$66M
-$68M
Q4 25
$736M
$46M
-$151M
marketcaparena.com
Valuation
P/S Ratio
P/E Ratio
Quarter
P/S
P/E
Q1 23
0.3x
—
Q2 23
0.3x
—
Q3 23
0.4x
—
Q4 23
0.6x
—
Q1 24
0.8x
—
Q2 24
0.9x
—
Q3 24
0.8x
—
Q4 24
0.8x
—
Q1 25
0.8x
—
Q2 25
0.8x
—
Q3 25
0.8x
—
Q4 25
0.9x
—
marketcaparena.com
Operating Cash Flow
Operating Cash Flow
Free Cash Flow
Quarter
Operating CF
Free CF
Q1 23
$2.2B
$2.2B
Q2 23
$940M
$931M
Q3 23
-$216M
-$227M
Q4 23
-$542M
-$551M
Q1 24
-$178M
-$186M
Q2 24
-$399M
-$407M
Q3 24
$62M
$56M
Q4 24
-$80M
-$83M
Q1 25
-$279M
-$283M
Q2 25
$823M
$821M
Q3 25
$435M
$432M
Q4 25
$70M
$67M
marketcaparena.com
Capital Expenditures
CapEx
Quarter
CapEx
Q1 23
$8M
Q2 23
$9M
Q3 23
$11M
Q4 23
$9M
Q1 24
$8M
Q2 24
$8M
Q3 24
$6M
Q4 24
$3M
Q1 25
$4M
Q2 25
$2M
Q3 25
$3M
Q4 25
$3M
marketcaparena.com
OpEx vs Revenue Growth (YoY)
Revenue Growth
OpEx Growth
Quarter
Revenue Growth
OpEx Growth
Q1 23
-39.4%
-35.5%
Q2 23
-52.9%
-50.9%
Q3 23
-70.8%
-74.6%
Q4 23
-69.5%
-68.5%
Q1 24
-62.1%
-60.9%
Q2 24
-23.5%
-22.6%
Q3 24
+40.5%
+36.4%
Q4 24
+24.6%
+19.6%
Q1 25
-2.4%
-4.7%
Q2 25
+3.7%
-0.2%
Q3 25
-33.6%
-31.9%
Q4 25
-32.1%
-24.7%
marketcaparena.com
Stock-Based Compensation
SBC ($)
% of Revenue
Quarter
SBC ($)
% of Revenue
Q1 23
$42M
1.3%
Q2 23
$21M
1.1%
Q3 23
$31M
3.2%
Q4 23
$0
0.0%
Q1 24
$33M
2.8%
Q2 24
$33M
2.2%
Q3 24
$25M
1.8%
Q4 24
$23M
2.1%
Q1 25
$14M
1.2%
Q2 25
$13M
0.8%
Q3 25
$13M
1.4%
Q4 25
$119M
16.2%
marketcaparena.com
OpEx Breakdown
R&D
G&A
S&M
Quarter
R&D
G&A
S&M
Q1 23
$40M
$66M
$188M
Q2 23
$39M
$44M
$124M
Q3 23
$42M
$48M
$85M
Q4 23
$46M
$48M
$89M
Q1 24
$41M
$47M
$113M
Q2 24
$37M
$48M
$116M
Q3 24
$30M
$46M
$96M
Q4 24
$33M
$41M
$88M
Q1 25
$21M
$33M
$98M
Q2 25
$21M
$28M
$86M
Q3 25
$19M
$48M
$66M
Q4 25
$18M
$129M
$60M
marketcaparena.com
War Chest
Cash & Equivalents
Short-Term Investments
Quarter
Cash
Short-term Investments
Total
Q1 23
$1.1B
$108M
$1.3B
Q2 23
$1.1B
$90M
$1.2B
Q3 23
$1.2B
$72M
$1.2B
Q4 23
$999M
$69M
$1.1B
Q1 24
$953M
$37M
$990M
Q2 24
$790M
$19M
$809M
Q3 24
$829M
$8M
$837M
Q4 24
$671M
$8M
$679M
Q1 25
$559M
$0
$559M
Q2 25
$789M
$0
$789M
Q3 25
$962M
$0
$962M
Q4 25
$962M
$0
$962M
marketcaparena.com
Shares Outstanding
Shares Outstanding
Quarter
Shares (Diluted)
QoQ Change
Q1 23
642M
+1.2%
Q2 23
667M
+3.9%
Q3 23
662M
-0.8%
Q4 23
673M
+1.6%
Q1 24
682M
+1.5%
Q2 24
693M
+1.6%
Q3 24
705M
+1.7%
Q4 24
716M
+1.6%
Q1 25
724M
+1.0%
Q2 25
729M
+0.8%
Q3 25
742M
+1.7%
Q4 25
767M
+3.3%
marketcaparena.com
Revenue Per Employee
Revenue / Employee
Year
Revenue/Employee
Employees
FY 17
—
—
FY 18
—
—
FY 19
—
—
FY 20
$2M
1K
FY 21
$3M
3K
FY 22
$6M
3K
FY 23
$4M
2K
FY 24
$4M
1K
FY 25
$4M
1K
marketcaparena.com