Opendoor Technologies Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $4.37B | $5.15B | $6.95B | $15.57B | $8.02B | $2.58B | $4.74B | $1.84B |
| Cost of Revenue | $4.02B | $4.72B | $6.46B | $14.90B | $7.29B | $2.36B | $4.44B | $1.70B |
| Gross Profit | $350.0M | $433.0M | $487.0M | $667.0M | $730.0M | $220.0M | $301.0M | $133.4M |
| Gross Margin | 8.0% | 8.4% | 7.0% | 4.3% | 9.1% | 8.5% | 6.3% | 7.3% |
| Operating Expenses | ||||||||
| Research & Development | $79.0M | $141.0M | $167.0M | $169.0M | $134.0M | $56.0M | $51.0M | $28.5M |
| SG&A Expense | $238.0M | $182.0M | $206.0M | $346.0M | $620.0M | $132.0M | $114.0M | $72.4M |
| Operating Income | $-287.0M | $-320.0M | $-386.0M | $-931.0M | $-568.0M | $-186.0M | $-248.0M | $-163.7M |
| Operating Margin | -6.6% | -6.2% | -5.6% | -6.0% | -7.1% | -7.2% | -5.2% | -8.9% |
| Interest Expense | — | — | $211.0M | $385.0M | $143.0M | $68.0M | $110.0M | $60.5M |
| Pretax Income | $-1.30B | $-391.0M | $-274.0M | $-1.35B | $-661.0M | $-253.0M | $-339.0M | $-239.6M |
| Income Tax Expense | $0 | $1.0M | $1.0M | $2.0M | $1.0M | $0 | $0 | $377.0K |
| Net Income | $-1.30B | $-392.0M | $-275.0M | $-1.35B | $-662.0M | $-253.0M | $-341.0M | $-241.3M |
| Net Margin | -29.7% | -7.6% | -4.0% | -8.7% | -8.3% | -9.8% | -7.2% | -13.1% |
| EPS (Basic) | $-1.70 | $-0.56 | $-0.42 | $-2.16 | $-1.12 | $-0.46 | $-0.85 | $-0.63 |
| EPS (Diluted) | $-1.70 | $-0.56 | $-0.42 | $-2.16 | $-1.12 | $-0.46 | $-0.87 | $-0.63 |
| Shares Outstanding (Basic) | 766.5M | 699.5M | 657.1M | 627.1M | 592.6M | 546.5M | 399.9M | 392.8M |
| Shares Outstanding (Diluted) | 766.5M | 699.5M | 657.1M | 627.1M | 592.6M | 546.5M | 399.9M | 392.8M |
| Dividends Per Share | — | — | — | — | — | — | — | — |