OPEN Q2 2023 Earnings — Opendoor Technologies Inc. Revenue & Financial Results | Market Cap Arena

OPENOpendoor Technologies Inc.

$4B

Q2 2023 Earnings

Real Estate Real Estate - Services

Income Statement

Revenue

$2.0B-52.9% YoY

Gross Profit

$149M7.5% margin

Operating Income

-$68M-3.4% margin

Net Income

$23M1.2% margin

EPS (Diluted)

$0.03

QoQ Revenue Growth

-36.7%

Cash Flow

Operating Cash Flow

$940M

Free Cash Flow

$931M

Stock-Based Comp.

$21M

Balance Sheet

Total Assets

$4.2B

Total Liabilities

$3.1B

Stockholders' Equity

$1.1B

Cash & Equivalents

$1.1B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$2.0B	$4.2B	-52.9%
Gross Profit	$149M	$486M	-69.3%
Operating Income	-$68M	$32M	-312.5%
Net Income	$23M	-$54M	+142.6%