OPEN Q3 2023 Earnings — Opendoor Technologies Inc. Revenue & Financial Results | Market Cap Arena

OPENOpendoor Technologies Inc.

$4B

Q3 2023 Earnings

Real Estate Real Estate - Services

Income Statement

Revenue

$980M-70.8% YoY

Gross Profit

$96M9.8% margin

Operating Income

-$79M-8.1% margin

Net Income

-$106M-10.8% margin

EPS (Diluted)

$-0.16

QoQ Revenue Growth

-50.4%

Cash Flow

Operating Cash Flow

-$216M

Free Cash Flow

-$227M

Stock-Based Comp.

$31M

Balance Sheet

Total Assets

$3.9B

Total Liabilities

$2.9B

Stockholders' Equity

$1.0B

Cash & Equivalents

$1.2B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$980M	$3.4B	-70.8%
Gross Profit	$96M	-$425M	+122.6%
Operating Income	-$79M	-$810M	+90.2%
Net Income	-$106M	-$928M	+88.6%