OPEN Q1 2024 Earnings — Opendoor Technologies Inc. Revenue & Financial Results | Market Cap Arena

OPENOpendoor Technologies Inc.

$4B

Q1 2024 Earnings

Real Estate Real Estate - Services

Income Statement

Revenue

$1.2B-62.1% YoY

Gross Profit

$114M9.7% margin

Operating Income

-$87M-7.4% margin

Net Income

-$109M-9.2% margin

EPS (Diluted)

$-0.16

QoQ Revenue Growth

+35.7%

Cash Flow

Operating Cash Flow

-$178M

Free Cash Flow

-$186M

Stock-Based Comp.

$33M

Balance Sheet

Total Assets

$3.4B

Total Liabilities

$2.5B

Stockholders' Equity

$899M

Cash & Equivalents

$953M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$1.2B	$3.1B	-62.1%
Gross Profit	$114M	$170M	-32.9%
Operating Income	-$87M	-$124M	+29.8%
Net Income	-$109M	-$101M	-7.9%