OPEN Q2 2024 Earnings — Opendoor Technologies Inc. Revenue & Financial Results | Market Cap Arena

OPENOpendoor Technologies Inc.

$4B

Q2 2024 Earnings

Real Estate Real Estate - Services

Income Statement

Revenue

$1.5B-23.5% YoY

Gross Profit

$129M8.5% margin

Operating Income

-$72M-4.8% margin

Net Income

-$92M-6.1% margin

EPS (Diluted)

$-0.13

QoQ Revenue Growth

+27.9%

Cash Flow

Operating Cash Flow

-$399M

Free Cash Flow

-$407M

Stock-Based Comp.

$33M

Balance Sheet

Total Assets

$3.4B

Total Liabilities

$2.5B

Stockholders' Equity

$845M

Cash & Equivalents

$790M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$1.5B	$2.0B	-23.5%
Gross Profit	$129M	$149M	-13.4%
Operating Income	-$72M	-$68M	-5.9%
Net Income	-$92M	$23M	-500.0%