OPEN Q1 2023 Earnings — Opendoor Technologies Inc. Revenue & Financial Results | Market Cap Arena

OPENOpendoor Technologies Inc.

$4B

Q1 2023 Earnings

Real Estate Real Estate - Services

Income Statement

Revenue

$3.1B-39.4% YoY

Gross Profit

$170M5.4% margin

Operating Income

-$124M-4.0% margin

Net Income

-$101M-3.2% margin

EPS (Diluted)

$-0.16

QoQ Revenue Growth

+9.2%

Cash Flow

Operating Cash Flow

$2.2B

Free Cash Flow

$2.2B

Stock-Based Comp.

$42M

Balance Sheet

Total Assets

$5.1B

Total Liabilities

$4.1B

Stockholders' Equity

$1.0B

Cash & Equivalents

$1.1B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$3.1B	$5.2B	-39.4%
Gross Profit	$170M	$535M	-68.2%
Operating Income	-$124M	$118M	-205.1%
Net Income	-$101M	$28M	-460.7%