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Opendoor Technologies Inc.

OPEN Clue Score37
United States Fiscal year ends December CIK 0001801169
$2.22 -3.06% Close, 9 Oct 2026
Price $2.22 −89.90% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 18 Jun 2020. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2018Revenue1.84Operating income−0.16Net income−0.24EPS, diluted−3.16Fiscal year 2019Revenue4.74 +157.9%Operating income−0.25Net income−0.34EPS, diluted−4.37Fiscal year 2020Revenue2.58 −45.5%Operating income−0.19Net income−0.25EPS, diluted−2.31Fiscal year 2021Revenue8.02 +210.5%Operating income−0.57Net income−0.66EPS, diluted−1.12Fiscal year 2022Revenue15.57 +94.1%Operating income−0.93Net income−1.35EPS, diluted−2.16Fiscal year 2023Revenue6.95 −55.4%Operating income−0.39Net income−0.28EPS, diluted−0.42Fiscal year 2024Revenue5.15 −25.8%Operating income−0.32Net income−0.39EPS, diluted−0.56Fiscal year 2025Revenue4.37 −15.2%Operating income−0.29Net income−1.30EPS, diluted−1.70
FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 1.84 4.74 2.58 8.02 15.57 6.95 5.15 4.37
Growth +157.9% −45.5% +210.5% +94.1% −55.4% −25.8% −15.2%
Operating income −0.16 −0.25 −0.19 −0.57 −0.93 −0.39 −0.32 −0.29
Net income −0.24 −0.34 −0.25 −0.66 −1.35 −0.28 −0.39 −1.30
Growth
EPS, diluted −3.16 −4.37 −2.31 −1.12 −2.16 −0.42 −0.56 −1.70

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2018Gross margin7.3%Operating margin−8.9%Net margin−13.1%Free cash flow margin−65.3%Fiscal year 2019Gross margin6.3%Operating margin−5.2%Net margin−7.2%Free cash flow margin−6.3%Fiscal year 2020Gross margin8.5%Operating margin−7.2%Net margin−9.8%Free cash flow margin25.7%Fiscal year 2021Gross margin9.1%Operating margin−7.1%Net margin−8.3%Free cash flow margin−72.6%Fiscal year 2022Gross margin4.3%Operating margin−6.0%Net margin−8.7%Free cash flow margin4.5%Fiscal year 2023Gross margin7.0%Operating margin−5.6%Net margin−4.0%Free cash flow margin33.2%Fiscal year 2024Gross margin8.4%Operating margin−6.2%Net margin−7.6%Free cash flow margin−12.0%Fiscal year 2025Gross margin8.0%Operating margin−6.6%Net margin−29.7%Free cash flow margin23.7%
FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 7.3% 6.3% 8.5% 9.1% 4.3% 7.0% 8.4% 8.0%
Operating margin −8.9% −5.2% −7.2% −7.1% −6.0% −5.6% −6.2% −6.6%
Net margin −13.1% −7.2% −9.8% −8.3% −8.7% −4.0% −7.6% −29.7%
Free cash flow margin −65.3% −6.3% 25.7% −72.6% 4.5% 33.2% −12.0% 23.7%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2018Operating cash flow−1.18Capital expenditure−0.02Free cash flow−1.20Buybacks−0.04Fiscal year 2019Operating cash flow−0.27Capital expenditure−0.03Free cash flow−0.30Buybacks−0.00Fiscal year 2020Operating cash flow0.68Capital expenditure−0.02Free cash flow0.67Buybacks0.00Fiscal year 2021Operating cash flow−5.79Capital expenditure−0.03Free cash flow−5.83 −976.2%Buybacks0.00Fiscal year 2022Operating cash flow0.73Capital expenditure−0.04Free cash flow0.69Fiscal year 2023Operating cash flow2.34Capital expenditure−0.04Free cash flow2.31 +232.9%Fiscal year 2024Operating cash flow−0.60Capital expenditure−0.03Free cash flow−0.62 −126.9%Fiscal year 2025Operating cash flow1.05Capital expenditure−0.01Free cash flow1.04
FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow −1.18 −0.27 0.68 −5.79 0.73 2.34 −0.60 1.05
Capital expenditure −0.02 −0.03 −0.02 −0.03 −0.04 −0.04 −0.03 −0.01
Free cash flow −1.20 −0.30 0.67 −5.83 0.69 2.31 −0.62 1.04
Growth −976.2% +232.9% −126.9%
Buybacks −0.04 −0.00 0.00 0.00 n/a n/a n/a n/a

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2018Cash0.26Shareholders’ equity−0.41Fiscal year 2019Cash0.41Total debt1.07Net cash (debt)−0.67Shareholders’ equity−0.73Fiscal year 2020Cash1.41Total debt0.48Net cash (debt)0.93Shareholders’ equity1.55Debt to equity0.31Fiscal year 2021Cash1.73Shareholders’ equity2.25Fiscal year 2022Cash1.14Shareholders’ equity1.09Fiscal year 2023Cash1.00Shareholders’ equity0.97Fiscal year 2024Cash0.67Shareholders’ equity0.71Fiscal year 2025Cash0.96Shareholders’ equity1.01
FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 0.26 0.41 1.41 1.73 1.14 1.00 0.67 0.96
Total debt n/a 1.07 0.48 n/a n/a n/a n/a n/a
Net cash (debt) n/a −0.67 0.93 n/a n/a n/a n/a n/a
Shareholders’ equity −0.41 −0.73 1.55 2.25 1.09 0.97 0.71 1.01
Debt to equity n/a n/a 0.31 n/a n/a n/a n/a n/a

In billions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In billions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021† 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Revenue and profit
1.84 4.74 2.58 8.02 15.57 6.95 5.15 4.37
Growth +157.9% −45.5% +210.5% +94.1% −55.4% −25.8% −15.2%
1.70 4.44 2.36 7.29 14.90 6.46 4.72 4.02
0.13 0.30 0.22 0.73 0.67 0.49 0.43 0.35
Growth +125.6% −26.9% +231.8% −8.6% −27.0% −11.1% −19.2%
0.03 0.05 0.06 0.13 0.17 0.17 0.14 0.08
0.07 0.11 0.13 0.62 0.35 0.21 0.18 0.24
−0.16 −0.25 −0.19 −0.57 −0.93 −0.39 −0.32 −0.29
Growth
−0.24 −0.34 −0.25 −0.66 −1.35 −0.27 −0.39 −1.30
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
−0.24 −0.34 −0.25 −0.66 −1.35 −0.28 −0.39 −1.30
Growth
Per share
−3.16 −4.26 −2.31 −1.12 −2.16 −0.42 −0.56 −1.70
−3.16 −4.37 −2.31 −1.12 −2.16 −0.42 −0.56 −1.70
Growth
78.6 80.0 109.3 592.6 627.1 657.1 699.5 766.5
78.6 80.0 109.3 592.6 627.1 657.1 699.5 766.5
Growth +1.8% +36.7% +442.1% +5.8% +4.8% +6.4% +9.6%

† The diluted share count jumps at 2021, so per-share figures either side of that column are not comparable. Usually a split, but the break lands on the restatement boundary rather than on the split date, because every column is that period’s latest filing.

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 11.1% a year over five years.
  • Operating margin is flat at -6.6%.
  • A net loss in 8 of 8 years on file.