Opendoor Technologies (OPEN) Financials

$0.65 -0.04 (-5.80%)

Closing price 05/30/2025 04:00 PM Eastern

Extended Trading

$0.65 +0.01 (+1.05%)

As of 05/30/2025 07:59 PM Eastern

Annual Income Statements for Opendoor Technologies

This table shows Opendoor Technologies' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Net Income / (Loss) Attributable to Common Shareholders	-392	-275	-1,353
Consolidated Net Income / (Loss)	-392	-275	-1,353
Net Income / (Loss) Continuing Operations	-392	-275	-1,353
Total Pre-Tax Income	-391	-274	-1,351
Total Operating Income	-320	-386	-931
Total Gross Profit	433	487	667
Total Revenue	5,153	6,946	15,567
Operating Revenue	5,153	6,946	15,567
Total Cost of Revenue	4,720	6,459	14,900
Operating Cost of Revenue	4,720	6,459	14,900
Total Operating Expenses	753	873	1,598
Selling, General & Admin Expense	182	206	346
Marketing Expense	413	486	1,006
Research & Development Expense	141	167	169
Impairment Charge	0.00	0.00	60
Restructuring Charge	17	14	17
Total Other Income / (Expense), net	-71	112	-420
Interest Expense	135	-5.00	410
Other Income / (Expense), net	64	107	-10
Income Tax Expense	1.00	1.00	2.00
Basic Earnings per Share	($0.56)	($0.42)	($2.16)
Weighted Average Basic Shares Outstanding	699.46M	657.11M	627.11M
Diluted Earnings per Share	($0.56)	($0.42)	($2.16)
Weighted Average Diluted Shares Outstanding	699.46M	657.11M	627.11M
Weighted Average Basic & Diluted Shares Outstanding	723.52M	679.64M	642.56M

This table shows Opendoor Technologies' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	-113	-78	-92	-109	-91	-106	23	-101	-399	-928
Consolidated Net Income / (Loss)	-113	-78	-92	-109	-91	-106	23	-101	-399	-928
Net Income / (Loss) Continuing Operations	-113	-78	-92	-109	-91	-106	23	-101	-399	-928
Total Pre-Tax Income	-113	-78	-91	-109	-91	-106	24	-101	-399	-927
Total Operating Income	-94	-67	-72	-87	-115	-79	-68	-124	-271	-810
Total Gross Profit	85	105	129	114	72	96	149	170	71	-425
Total Revenue	1,084	1,377	1,511	1,181	870	980	1,976	3,120	2,857	3,361
Operating Revenue	1,084	1,377	1,511	1,181	870	980	1,976	3,120	2,857	3,361
Total Cost of Revenue	999	1,272	1,382	1,067	798	884	1,827	2,950	2,786	3,786
Operating Cost of Revenue	999	1,272	1,382	1,067	798	884	1,827	2,950	2,786	3,786
Total Operating Expenses	179	172	201	201	187	175	217	294	342	385
Selling, General & Admin Expense	41	46	48	47	48	48	44	66	23	85
Marketing Expense	88	96	116	113	89	85	124	188	194	260
Research & Development Expense	33	30	37	41	46	42	39	40	48	40
Total Other Income / (Expense), net	-19	-11	-19	-22	24	-27	92	23	-128	-117
Interest Expense	33	34	31	37	3.00	47	-51	-4.00	138	115
Other Income / (Expense), net	14	23	12	15	27	20	41	19	10	-2.00
Basic Earnings per Share	($0.16)	($0.11)	($0.13)	($0.16)	($0.14)	($0.16)	$0.04	($0.16)	($0.65)	($1.47)
Weighted Average Basic Shares Outstanding	699.46M	705.36M	693.45M	682.46M	657.11M	662.15M	646.06M	641.92M	627.11M	629.54M
Diluted Earnings per Share	($0.16)	($0.11)	($0.13)	($0.16)	($0.13)	($0.16)	$0.03	($0.16)	($0.64)	($1.47)
Weighted Average Diluted Shares Outstanding	699.46M	705.36M	693.45M	682.46M	657.11M	662.15M	667.16M	641.92M	627.11M	629.54M
Weighted Average Basic & Diluted Shares Outstanding	723.52M	715.07M	703.00M	691.58M	679.64M	670.03M	659.20M	648.78M	642.56M	634.20M

This table details how cash moves in and out of Opendoor Technologies' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Net Change in Cash & Equivalents	-777	-251	-787
Net Cash From Operating Activities	-595	2,344	730
Net Cash From Continuing Operating Activities	-595	2,344	730
Net Income / (Loss) Continuing Operations	-392	-275	-1,353
Consolidated Net Income / (Loss)	-392	-275	-1,353
Depreciation Expense	48	65	83
Amortization Expense	5.00	7.00	7.00
Non-Cash Adjustments To Reconcile Net Income	169	-2.00	1,092
Changes in Operating Assets and Liabilities, net	-425	2,549	901
Net Cash From Investing Activities	28	44	234
Net Cash From Continuing Investing Activities	28	44	234
Purchase of Property, Plant & Equipment	-25	-37	-37
Acquisitions	-2.00	0.00	-10
Purchase of Investments	0.00	0.00	-28
Sale and/or Maturity of Investments	55	80	331
Other Investing Activities, net	0.00	1.00	-22
Net Cash From Financing Activities	-210	-2,639	-1,751
Net Cash From Continuing Financing Activities	-212	-2,639	-1,751
Repayment of Debt	-715	-2,882	-11,979
Issuance of Debt	498	238	10,222
Issuance of Common Equity	5.00	2.00	2.00
Other Financing Activities, net	0.00	3.00	4.00
Cash Interest Paid	121	203	355

This table details how cash moves in and out of Opendoor Technologies' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	-291	143	-375	-254	-838	-426	146	867	-1,288	225
Net Cash From Operating Activities	-80	62	-399	-178	-542	-216	940	2,162	1,395	-322
Net Cash From Continuing Operating Activities	-80	62	-399	-178	-542	-216	940	2,162	1,395	-322
Net Income / (Loss) Continuing Operations	-113	-78	-92	-109	-91	-106	23	-101	-399	-928
Consolidated Net Income / (Loss)	-113	-78	-92	-109	-91	-106	23	-101	-399	-928
Depreciation Expense	11	11	12	14	15	11	17	22	24	21
Amortization Expense	1.00	1.00	1.00	2.00	2.00	1.00	2.00	2.00	1.00	2.00
Non-Cash Adjustments To Reconcile Net Income	39	33	61	36	8.00	61	-46	-25	275	551
Changes in Operating Assets and Liabilities, net	-18	95	-381	-121	-476	-183	944	2,264	1,494	32
Net Cash From Investing Activities	-3.00	-	9.00	22	-4.00	3.00	15	30	24	27
Net Cash From Continuing Investing Activities	-3.00	-	9.00	22	-4.00	3.00	15	30	24	27
Purchase of Property, Plant & Equipment	-3.00	-6.00	-8.00	-8.00	-9.00	-11	-9.00	-8.00	-4.00	-13
Net Cash From Financing Activities	-208	81	15	-98	-292	-213	-809	-1,325	-2,707	520
Net Cash From Continuing Financing Activities	-210	81	15	-98	-292	-213	-809	-1,325	-2,707	520
Repayment of Debt	-291	-122	-202	-100	-293	-216	-822	-1,551	-3,655	-2,044
Issuance of Debt	81	200	217	0.00	-	2.00	12	224	948	2,561
Cash Interest Paid	28	31	28	34	34	43	52	74	107	103

This table presents Opendoor Technologies' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Total Assets	3,126	3,567	6,608
Total Current Assets	2,997	3,445	6,466
Cash & Equivalents	671	999	1,137
Restricted Cash	92	541	654
Short-Term Investments	8.00	69	144
Inventories, net	2,159	1,775	4,460
Other Current Assets	67	61	71
Plant, Property, & Equipment, net	48	66	58
Total Noncurrent Assets	81	56	84
Goodwill	3.00	4.00	4.00
Intangible Assets	0.00	5.00	12
Other Noncurrent Operating Assets	78	47	68
Total Liabilities & Shareholders' Equity	3,126	3,567	6,608
Total Liabilities	2,413	2,600	5,522
Total Current Liabilities	529	70	1,505
Short-Term Debt	432	0.00	1,376
Accounts Payable	92	64	110
Other Current Liabilities	2.00	5.00	7.00
Other Current Nonoperating Liabilities	3.00	1.00	12
Total Noncurrent Liabilities	1,884	2,530	4,017
Long-Term Debt	1,870	2,510	3,979
Capital Lease Obligations	13	19	38
Other Noncurrent Operating Liabilities	1.00	1.00	0.00
Commitments & Contingencies	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	713	967	1,086
Total Preferred & Common Equity	713	967	1,086
Total Common Equity	713	967	1,086
Common Stock	4,438	4,301	4,148
Retained Earnings	-3,725	-3,333	-3,058
Accumulated Other Comprehensive Income / (Loss)	0.00	-1.00	-4.00

This table presents Opendoor Technologies' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	3,411	3,372	3,404	3,947	4,223	5,112	9,784
Total Current Assets	3,263	3,249	3,284	3,819	4,093	4,972	9,584
Cash & Equivalents	829	790	953	1,154	1,120	1,143	1,327
Restricted Cash	225	121	333	1,224	1,684	1,515	1,752
Short-Term Investments	8.00	19	37	72	90	108	178
Inventories, net	2,145	2,234	1,881	1,311	1,149	2,118	6,093
Other Current Assets	56	85	80	58	50	88	234
Plant, Property, & Equipment, net	59	71	66	68	62	59	62
Total Noncurrent Assets	89	52	54	60	68	81	138
Goodwill	3.00	4.00	4.00	4.00	4.00	4.00	62
Intangible Assets	0.00	2.00	4.00	7.00	9.00	11	7.00
Other Noncurrent Operating Assets	86	46	46	49	55	66	69
Total Liabilities & Shareholders' Equity	3,411	3,372	3,404	3,947	4,223	5,112	9,784
Total Liabilities	2,610	2,527	2,505	2,927	3,137	4,076	8,296
Total Current Liabilities	721	393	74	74	88	443	3,601
Short-Term Debt	643	315	-	0.00	15	355	3,372
Accounts Payable	71	73	69	67	65	77	209
Other Current Liabilities	4.00	4.00	4.00	6.00	7.00	7.00	6.00
Other Current Nonoperating Liabilities	3.00	1.00	1.00	1.00	1.00	4.00	14
Total Noncurrent Liabilities	1,889	2,134	2,431	2,853	3,049	3,633	4,695
Long-Term Debt	1,868	2,116	2,412	2,832	3,028	3,598	4,656
Capital Lease Obligations	19	18	18	20	21	-	-
Other Noncurrent Operating Liabilities	2.00	0.00	1.00	1.00	-	35	39
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	801	845	899	1,020	1,086	1,036	1,488
Total Preferred & Common Equity	801	845	899	1,020	1,086	1,036	1,488
Total Common Equity	801	845	899	1,020	1,086	1,036	1,488
Common Stock	4,413	4,379	4,341	4,263	4,224	4,198	4,152
Retained Earnings	-3,612	-3,534	-3,442	-3,242	-3,136	-3,159	-2,659
Accumulated Other Comprehensive Income / (Loss)	0.00	0.00	0.00	-1.00	-2.00	-3.00	-5.00

This table displays calculated financial ratios and metrics derived from Opendoor Technologies' official financial filings.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Growth Metrics	-	-	-
Revenue Growth	-25.81%	-55.38%	94.08%
EBITDA Growth	1.93%	75.68%	-83.80%
EBIT Growth	8.24%	70.35%	-81.66%
NOPAT Growth	17.10%	58.54%	-63.91%
Net Income Growth	-42.55%	79.67%	-104.38%
EPS Growth	-33.33%	80.56%	-92.86%
Operating Cash Flow Growth	-125.38%	221.10%	112.60%
Free Cash Flow Firm Growth	-124.86%	127.65%	117.16%
Invested Capital Growth	19.70%	-58.56%	-27.23%
Revenue Q/Q Growth	4.33%	-22.24%	-5.84%
EBITDA Q/Q Growth	1.46%	44.35%	-19.19%
EBIT Q/Q Growth	3.03%	38.27%	-17.92%
NOPAT Q/Q Growth	6.16%	28.78%	-22.18%
Net Income Q/Q Growth	-5.95%	52.83%	-18.17%
EPS Q/Q Growth	-5.66%	54.84%	-18.03%
Operating Cash Flow Q/Q Growth	43.71%	-45.25%	231.53%
Free Cash Flow Firm Q/Q Growth	45.21%	-46.37%	386.11%
Invested Capital Q/Q Growth	-0.53%	32.68%	-27.37%
Profitability Metrics	-	-	-
Gross Margin	8.40%	7.01%	4.28%
EBITDA Margin	-3.94%	-2.98%	-5.47%
Operating Margin	-6.21%	-5.56%	-5.98%
EBIT Margin	-4.97%	-4.02%	-6.04%
Profit (Net Income) Margin	-7.61%	-3.96%	-8.69%
Tax Burden Percent	100.26%	100.37%	100.15%
Interest Burden Percent	152.73%	98.21%	143.57%
Effective Tax Rate	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	-10.80%	-8.39%	-12.05%
ROIC Less NNEP Spread (ROIC-NNEP)	-24.41%	-8.60%	-30.79%
Return on Net Nonoperating Assets (RNNOA)	-35.87%	-18.40%	-69.11%
Return on Equity (ROE)	-46.67%	-26.79%	-81.16%
Cash Return on Invested Capital (CROIC)	-28.74%	74.42%	19.47%
Operating Return on Assets (OROA)	-7.65%	-5.48%	-11.68%
Return on Assets (ROA)	-11.71%	-5.41%	-16.79%
Return on Common Equity (ROCE)	-46.67%	-26.79%	-81.16%
Return on Equity Simple (ROE_SIMPLE)	-54.98%	-28.44%	-124.59%
Net Operating Profit after Tax (NOPAT)	-224	-270	-652
NOPAT Margin	-4.35%	-3.89%	-4.19%
Net Nonoperating Expense Percent (NNEP)	13.61%	0.22%	18.74%
Return On Investment Capital (ROIC_SIMPLE)	-7.40%	-7.73%	-10.06%
Cost of Revenue to Revenue	91.60%	92.99%	95.72%
SG&A Expenses to Revenue	3.53%	2.97%	2.22%
R&D to Revenue	2.74%	2.40%	1.09%
Operating Expenses to Revenue	14.61%	12.57%	10.27%
Earnings before Interest and Taxes (EBIT)	-256	-279	-941
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-203	-207	-851
Valuation Ratios	-	-	-
Price to Book Value (P/BV)	1.60	3.10	0.68
Price to Tangible Book Value (P/TBV)	1.61	3.13	0.69
Price to Revenue (P/Rev)	0.22	0.43	0.05
Price to Earnings (P/E)	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	1.19	2.08	0.92
Enterprise Value to Revenue (EV/Rev)	0.52	0.56	0.27
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	1.67	5.74
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	1.64	3.98
Leverage & Solvency	-	-	-
Debt to Equity	3.25	2.62	4.97
Long-Term Debt to Equity	2.64	2.62	3.70
Financial Leverage	1.47	2.14	2.24
Leverage Ratio	3.98	4.96	4.83
Compound Leverage Factor	6.08	4.87	6.94
Debt to Total Capital	76.45%	72.34%	83.24%
Short-Term Debt to Total Capital	14.27%	0.00%	21.24%
Long-Term Debt to Total Capital	62.19%	72.34%	62.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%
Common Equity to Total Capital	23.55%	27.66%	16.76%
Debt to EBITDA	-11.40	-12.22	-6.34
Net Debt to EBITDA	-7.61	-4.44	-4.06
Long-Term Debt to EBITDA	-9.28	-12.22	-4.72
Debt to NOPAT	-10.33	-9.36	-8.28
Net Debt to NOPAT	-6.89	-3.40	-5.31
Long-Term Debt to NOPAT	-8.41	-9.36	-6.16
Altman Z-Score	0.94	2.21	2.22
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-
Current Ratio	5.67	49.21	4.30
Quick Ratio	1.28	15.26	0.85
Cash Flow Metrics	-	-	-
Free Cash Flow to Firm (FCFF)	-596	2,398	1,053
Operating Cash Flow to CapEx	-2,380.00%	6,335.14%	1,972.97%
Free Cash Flow to Firm to Interest Expense	-4.41	0.00	2.57
Operating Cash Flow to Interest Expense	-4.41	0.00	1.78
Operating Cash Flow Less CapEx to Interest Expense	-4.59	0.00	1.69
Efficiency Ratios	-	-	-
Asset Turnover	1.54	1.37	1.93
Accounts Receivable Turnover	0.00	0.00	0.00
Inventory Turnover	2.40	2.07	2.82
Fixed Asset Turnover	90.40	112.03	302.27
Accounts Payable Turnover	60.51	74.24	120.65
Days Sales Outstanding (DSO)	0.00	0.00	0.00
Days Inventory Outstanding (DIO)	152.11	176.17	129.29
Days Payable Outstanding (DPO)	6.03	4.92	3.03
Cash Conversion Cycle (CCC)	146.08	171.25	126.27
Capital & Investment Metrics	-	-	-
Invested Capital	2,260	1,888	4,556
Invested Capital Turnover	2.48	2.16	2.88
Increase / (Decrease) in Invested Capital	372	-2,668	-1,705
Enterprise Value (EV)	2,688	3,922	4,194
Market Capitalization	1,144	3,002	736
Book Value per Share	$1.00	$1.44	$1.71
Tangible Book Value per Share	$0.99	$1.43	$1.69
Total Capital	3,028	3,496	6,479
Total Debt	2,315	2,529	5,393
Total Long-Term Debt	1,883	2,529	4,017
Net Debt	1,544	920	3,458
Capital Expenditures (CapEx)	25	37	37
Debt-free, Cash-free Net Working Capital (DFCFNWC)	2,129	1,766	4,402
Debt-free Net Working Capital (DFNWC)	2,900	3,375	6,337
Net Working Capital (NWC)	2,468	3,375	4,961
Net Nonoperating Expense (NNE)	168	4.80	701
Net Nonoperating Obligations (NNO)	1,547	921	3,470
Total Depreciation and Amortization (D&A)	53	72	90
Debt-free, Cash-free Net Working Capital to Revenue	41.32%	25.42%	28.28%
Debt-free Net Working Capital to Revenue	56.28%	48.59%	40.71%
Net Working Capital to Revenue	47.89%	48.59%	31.87%
Earnings Adjustments	-	-	-
Adjusted Basic Earnings per Share	($0.56)	($0.42)	($2.16)
Adjusted Weighted Average Basic Shares Outstanding	699.46M	657.11M	627.11M
Adjusted Diluted Earnings per Share	($0.56)	($0.42)	($2.16)
Adjusted Weighted Average Diluted Shares Outstanding	699.46M	657.11M	627.11M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	723.52M	679.64M	642.56M
Normalized Net Operating Profit after Tax (NOPAT)	-212	-260	-598
Normalized NOPAT Margin	-4.12%	-3.75%	-3.84%
Pre Tax Income Margin	-7.59%	-3.94%	-8.68%
Debt Service Ratios	-	-	-
EBIT to Interest Expense	-1.90	0.00	-2.30
NOPAT to Interest Expense	-1.66	0.00	-1.59
EBIT Less CapEx to Interest Expense	-2.08	0.00	-2.39
NOPAT Less CapEx to Interest Expense	-1.84	0.00	-1.68
Payout Ratios	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%

This table displays calculated financial ratios and metrics derived from Opendoor Technologies' official financial filings.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	24.60%	40.51%	-23.53%	-62.15%	-69.55%	-70.84%	-52.93%	-39.43%	-25.25%	48.32%
EBITDA Growth	4.23%	31.91%	-487.50%	30.86%	69.92%	94.04%	-113.79%	-169.83%	-138.38%	-78,800.00%
EBIT Growth	9.09%	25.42%	-122.22%	31.43%	66.28%	92.73%	-175.00%	-209.38%	-121.19%	-6,146.15%
NOPAT Growth	18.26%	15.19%	22.66%	29.84%	57.56%	90.25%	-390.92%	-173.56%	-165.69%	-1,073.91%
Net Income Growth	-24.18%	26.42%	-500.00%	-7.92%	77.19%	88.58%	142.59%	-460.71%	-108.90%	-1,528.07%
EPS Growth	-23.08%	31.25%	-533.33%	0.00%	79.69%	89.12%	133.33%	-500.00%	-106.45%	-1,533.33%
Operating Cash Flow Growth	85.24%	128.70%	-142.45%	-108.23%	-138.85%	32.92%	149.66%	39.48%	1,168.18%	91.04%
Free Cash Flow Firm Growth	-116.92%	-118.69%	-121.09%	-93.78%	70.76%	1,293.45%	238.25%	165.96%	126.07%	93.41%
Invested Capital Growth	19.70%	59.66%	88.15%	-9.88%	-58.56%	-77.32%	-81.56%	-54.28%	-27.23%	-2.57%
Revenue Q/Q Growth	-21.28%	-8.87%	27.94%	35.75%	-11.22%	-50.40%	-36.67%	9.21%	-15.00%	-19.94%
EBITDA Q/Q Growth	-112.50%	31.91%	16.07%	21.13%	-51.06%	-487.50%	90.12%	65.68%	70.09%	-1,460.34%
EBIT Q/Q Growth	-81.82%	26.67%	16.67%	18.18%	-49.15%	-118.52%	74.29%	59.77%	67.86%	-2,355.56%
NOPAT Q/Q Growth	-40.30%	6.94%	17.24%	24.35%	-45.57%	15.14%	24.92%	54.24%	66.54%	-2,631.25%
Net Income Q/Q Growth	-44.87%	15.22%	15.60%	-19.78%	14.15%	-560.87%	122.77%	74.69%	57.00%	-1,618.52%
EPS Q/Q Growth	-45.45%	15.38%	18.75%	-23.08%	18.75%	-633.33%	118.75%	75.00%	56.46%	-1,533.33%
Operating Cash Flow Q/Q Growth	-229.03%	115.54%	-124.16%	67.16%	-150.93%	-122.98%	-56.52%	54.98%	533.23%	82.99%
Free Cash Flow Firm Q/Q Growth	51.13%	22.66%	-828.10%	-93.85%	-46.03%	-12.71%	114.80%	68.76%	477.17%	89.89%
Invested Capital Q/Q Growth	-0.53%	-3.93%	17.84%	6.30%	32.68%	13.21%	-43.56%	-51.12%	-27.37%	-7.95%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	7.84%	7.63%	8.54%	9.65%	8.28%	9.80%	7.54%	5.45%	2.49%	-12.65%
EBITDA Margin	-6.27%	-2.32%	-3.11%	-4.74%	-8.16%	-4.80%	-0.40%	-2.60%	-8.26%	-23.48%
Operating Margin	-8.67%	-4.87%	-4.77%	-7.37%	-13.22%	-8.06%	-3.44%	-3.97%	-9.49%	-24.10%
EBIT Margin	-7.38%	-3.20%	-3.97%	-6.10%	-10.11%	-6.02%	-1.37%	-3.37%	-9.14%	-24.16%
Profit (Net Income) Margin	-10.42%	-5.66%	-6.09%	-9.23%	-10.46%	-10.82%	1.16%	-3.24%	-13.97%	-27.61%
Tax Burden Percent	100.00%	100.00%	101.10%	100.00%	100.00%	100.00%	95.83%	100.00%	100.00%	100.11%
Interest Burden Percent	141.25%	177.27%	151.67%	151.39%	103.41%	179.66%	-88.89%	96.19%	152.87%	114.16%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	4.17%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	-15.08%	-9.11%	-8.37%	-12.20%	-19.95%	-13.10%	-9.24%	-10.61%	-19.11%	-43.88%
ROIC Less NNEP Spread (ROIC-NNEP)	-18.91%	-12.42%	-13.29%	-16.38%	-20.43%	-15.05%	-5.44%	-11.38%	-24.71%	-52.03%
Return on Net Nonoperating Assets (RNNOA)	-27.77%	-12.79%	-11.63%	-19.46%	-43.69%	-31.14%	-7.31%	-12.49%	-55.45%	-119.72%
Return on Equity (ROE)	-42.86%	-21.89%	-20.00%	-31.66%	-63.63%	-44.24%	-16.56%	-23.10%	-74.56%	-163.60%
Cash Return on Invested Capital (CROIC)	-28.74%	-58.87%	-74.83%	-1.15%	74.42%	116.18%	115.63%	51.36%	19.47%	-5.79%
Operating Return on Assets (OROA)	-11.36%	-4.29%	-4.75%	-7.17%	-13.81%	-7.83%	-2.15%	-6.81%	-17.65%	-42.60%
Return on Assets (ROA)	-16.05%	-7.60%	-7.28%	-10.85%	-14.28%	-14.07%	1.83%	-6.55%	-26.98%	-48.68%
Return on Common Equity (ROCE)	-42.86%	-21.89%	-20.00%	-31.66%	-63.63%	-44.24%	-16.56%	-23.10%	-74.56%	-163.60%
Return on Equity Simple (ROE_SIMPLE)	0.00%	-46.19%	-47.10%	-31.48%	0.00%	-57.16%	-129.37%	-143.05%	0.00%	-76.95%
Net Operating Profit after Tax (NOPAT)	-66	-47	-50	-61	-81	-55	-65	-87	-190	-567
NOPAT Margin	-6.07%	-3.41%	-3.34%	-5.16%	-9.25%	-5.64%	-3.30%	-2.78%	-6.64%	-16.87%
Net Nonoperating Expense Percent (NNEP)	3.83%	3.32%	4.92%	4.18%	0.48%	1.95%	-3.81%	0.76%	5.59%	8.15%
Return On Investment Capital (ROIC_SIMPLE)	-2.17%	-1.41%	-1.53%	-1.83%	-2.30%	-1.43%	-1.57%	-1.74%	-2.93%	-5.96%
Cost of Revenue to Revenue	92.16%	92.37%	91.46%	90.35%	91.72%	90.20%	92.46%	94.55%	97.51%	112.65%
SG&A Expenses to Revenue	3.78%	3.34%	3.18%	3.98%	5.52%	4.90%	2.23%	2.12%	0.81%	2.53%
R&D to Revenue	3.04%	2.18%	2.45%	3.47%	5.29%	4.29%	1.97%	1.28%	1.68%	1.19%
Operating Expenses to Revenue	16.51%	12.49%	13.30%	17.02%	21.49%	17.86%	10.98%	9.42%	11.97%	11.45%
Earnings before Interest and Taxes (EBIT)	-80	-44	-60	-72	-88	-59	-27	-105	-261	-812
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-68	-32	-47	-56	-71	-47	-8.00	-81	-236	-789
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.60	1.76	1.51	2.26	3.10	1.71	2.40	1.09	0.68	1.31
Price to Tangible Book Value (P/TBV)	1.61	1.76	1.52	2.28	3.13	1.72	2.43	1.11	0.69	1.38
Price to Revenue (P/Rev)	0.22	0.28	0.28	0.41	0.43	0.19	0.23	0.08	0.05	0.12
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	1.19	1.27	1.18	1.56	2.08	1.51	2.21	1.04	0.92	1.07
Enterprise Value to Revenue (EV/Rev)	0.52	0.58	0.61	0.63	0.56	0.24	0.25	0.17	0.27	0.41
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	784.30	1.67	0.50	0.67	1.73	5.74	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	1.64	0.48	0.60	1.27	3.98	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	3.25	3.16	2.90	2.70	2.62	2.80	2.82	3.82	4.97	5.40
Long-Term Debt to Equity	2.64	2.36	2.53	2.70	2.62	2.80	2.81	3.47	3.70	3.13
Financial Leverage	1.47	1.03	0.88	1.19	2.14	2.07	1.35	1.10	2.24	2.30
Leverage Ratio	3.98	4.04	3.93	4.40	4.96	5.47	4.17	3.96	4.83	4.87
Compound Leverage Factor	5.63	7.16	5.97	6.66	5.13	9.84	-3.71	3.81	7.39	5.56
Debt to Total Capital	76.45%	75.95%	74.35%	72.99%	72.34%	73.66%	73.83%	79.23%	83.24%	84.36%
Short-Term Debt to Total Capital	14.27%	19.30%	9.56%	0.00%	0.00%	0.00%	0.36%	7.12%	21.24%	35.44%
Long-Term Debt to Total Capital	62.19%	56.65%	64.78%	72.99%	72.34%	73.66%	73.47%	72.12%	62.00%	48.93%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	23.55%	24.05%	25.65%	27.01%	27.66%	26.34%	26.17%	20.77%	16.76%	15.64%
Debt to EBITDA	-11.40	-12.28	-11.08	-13.35	-12.22	-7.67	-2.75	-3.77	-6.34	-11.24
Net Debt to EBITDA	-7.61	-7.13	-6.87	-6.08	-4.44	-1.08	-0.15	-1.13	-4.06	-6.68
Long-Term Debt to EBITDA	-9.28	-9.16	-9.66	-13.35	-12.22	-7.67	-2.74	-3.43	-4.72	-6.52
Debt to NOPAT	-10.33	-10.60	-9.91	-9.95	-9.36	-7.52	-3.44	-4.81	-8.28	-15.05
Net Debt to NOPAT	-6.89	-6.15	-6.15	-4.53	-3.40	-1.06	-0.19	-1.45	-5.31	-8.94
Long-Term Debt to NOPAT	-8.41	-7.91	-8.64	-9.95	-9.36	-7.52	-3.42	-4.38	-6.16	-8.73
Altman Z-Score	1.13	1.14	1.14	1.60	2.39	2.56	3.26	2.94	2.56	1.91
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	5.67	4.53	8.27	44.38	49.21	51.61	46.51	11.22	4.30	2.66
Quick Ratio	1.28	1.16	2.06	13.38	15.26	16.57	13.75	2.82	0.85	0.42
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-438	-896	-1,158	159	2,588	4,795	5,493	2,557	1,515	-402
Operating Cash Flow to CapEx	-2,666.67%	1,033.33%	-4,987.50%	-2,225.00%	-6,022.22%	-1,963.64%	10,444.44%	27,025.00%	34,875.00%	-2,476.92%
Free Cash Flow to Firm to Interest Expense	-13.27	-26.35	-37.37	4.30	862.50	102.01	0.00	0.00	10.98	-3.49
Operating Cash Flow to Interest Expense	-2.42	1.82	-12.87	-4.81	-180.67	-4.60	0.00	0.00	10.11	-2.80
Operating Cash Flow Less CapEx to Interest Expense	-2.52	1.65	-13.13	-5.03	-183.67	-4.83	0.00	0.00	10.08	-2.91
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.54	1.34	1.20	1.18	1.37	1.30	1.58	2.02	1.93	1.76
Accounts Receivable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Inventory Turnover	2.40	2.62	2.44	2.29	2.07	2.28	2.92	3.90	2.82	2.53
Fixed Asset Turnover	90.40	77.78	68.30	80.11	112.03	137.43	195.07	250.67	302.27	329.58
Accounts Payable Turnover	60.51	65.49	59.87	62.68	74.24	61.21	81.06	126.64	120.65	85.82
Days Sales Outstanding (DSO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Inventory Outstanding (DIO)	152.11	139.57	149.45	159.49	176.17	159.97	125.06	93.53	129.29	144.02
Days Payable Outstanding (DPO)	6.03	5.57	6.10	5.82	4.92	5.96	4.50	2.88	3.03	4.25
Cash Conversion Cycle (CCC)	146.08	134.00	143.36	153.67	171.25	154.00	120.56	90.64	126.27	139.77
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	2,260	2,272	2,365	2,007	1,888	1,423	1,257	2,227	4,556	6,273
Invested Capital Turnover	2.48	2.67	2.51	2.37	2.16	2.32	2.80	3.81	2.88	2.60
Increase / (Decrease) in Invested Capital	372	849	1,108	-220	-2,668	-4,850	-5,558	-2,644	-1,705	-165
Enterprise Value (EV)	2,688	2,874	2,791	3,137	3,922	2,142	2,778	2,318	4,194	6,727
Market Capitalization	1,144	1,406	1,272	2,030	3,002	1,740	2,608	1,131	736	1,956
Book Value per Share	$1.00	$1.14	$1.22	$1.32	$1.44	$1.55	$1.67	$1.61	$1.71	$2.37
Tangible Book Value per Share	$0.99	$1.14	$1.21	$1.31	$1.43	$1.53	$1.65	$1.59	$1.69	$2.26
Total Capital	3,028	3,331	3,294	3,329	3,496	3,872	4,150	4,989	6,479	9,516
Total Debt	2,315	2,530	2,449	2,430	2,529	2,852	3,064	3,953	5,393	8,028
Total Long-Term Debt	1,883	1,887	2,134	2,430	2,529	2,852	3,049	3,598	4,017	4,656
Net Debt	1,544	1,468	1,519	1,107	920	402	170	1,187	3,458	4,771
Capital Expenditures (CapEx)	3.00	6.00	8.00	8.00	9.00	11	9.00	8.00	4.00	13
Debt-free, Cash-free Net Working Capital (DFCFNWC)	2,129	2,123	2,241	1,887	1,766	1,295	1,126	2,118	4,402	6,098
Debt-free Net Working Capital (DFNWC)	2,900	3,185	3,171	3,210	3,375	3,745	4,020	4,884	6,337	9,355
Net Working Capital (NWC)	2,468	2,542	2,856	3,210	3,375	3,745	4,005	4,529	4,961	5,983
Net Nonoperating Expense (NNE)	47	31	42	48	11	51	-88	14	209	361
Net Nonoperating Obligations (NNO)	1,547	1,471	1,520	1,108	921	403	171	1,191	3,470	4,785
Total Depreciation and Amortization (D&A)	12	12	13	16	17	12	19	24	25	23
Debt-free, Cash-free Net Working Capital to Revenue	41.32%	42.98%	49.34%	37.69%	25.42%	14.50%	9.95%	15.65%	28.28%	36.89%
Debt-free Net Working Capital to Revenue	56.28%	64.49%	69.82%	64.11%	48.59%	41.92%	35.53%	36.08%	40.71%	56.59%
Net Working Capital to Revenue	47.89%	51.47%	62.88%	64.11%	48.59%	41.92%	35.40%	33.46%	31.87%	36.19%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.16)	($0.11)	($0.13)	($0.16)	($0.14)	($0.16)	$0.04	($0.16)	($0.65)	($1.47)
Adjusted Weighted Average Basic Shares Outstanding	699.46M	705.36M	693.45M	682.46M	657.11M	662.15M	646.06M	641.92M	627.11M	629.54M
Adjusted Diluted Earnings per Share	($0.16)	($0.11)	($0.13)	($0.16)	($0.13)	($0.16)	$0.03	($0.16)	($0.64)	($1.47)
Adjusted Weighted Average Diluted Shares Outstanding	699.46M	705.36M	693.45M	682.46M	657.11M	662.15M	667.16M	641.92M	627.11M	629.54M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	723.52M	715.07M	703.00M	691.58M	679.64M	670.03M	659.20M	648.78M	642.56M	634.20M
Normalized Net Operating Profit after Tax (NOPAT)	-66	-47	-50	-61	-81	-55	-56	-87	-190	-567
Normalized NOPAT Margin	-6.07%	-3.41%	-3.34%	-5.16%	-9.25%	-5.64%	-2.81%	-2.78%	-6.64%	-16.87%
Pre Tax Income Margin	-10.42%	-5.66%	-6.02%	-9.23%	-10.46%	-10.82%	1.21%	-3.24%	-13.97%	-27.58%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-2.42	-1.29	-1.94	-1.95	-29.33	-1.26	0.00	0.00	-1.89	-7.06
NOPAT to Interest Expense	-1.99	-1.38	-1.63	-1.65	-26.83	-1.18	0.00	0.00	-1.37	-4.93
EBIT Less CapEx to Interest Expense	-2.52	-1.47	-2.19	-2.16	-32.33	-1.49	0.00	0.00	-1.92	-7.17
NOPAT Less CapEx to Interest Expense	-2.08	-1.56	-1.88	-1.86	-29.83	-1.41	0.00	0.00	-1.40	-5.04
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions About Opendoor Technologies' Financials

When does Opendoor Technologies's fiscal year end?

According to the most recent income statement we have on file, Opendoor Technologies' financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Opendoor Technologies' net income changed over the last 2 years?

Opendoor Technologies' net income appears to be on a downward trend, with a most recent value of -$392 million in 2024, falling from -$1.35 billion in 2022. The previous period was -$275 million in 2023. View Opendoor Technologies' forecast to see where analysts expect Opendoor Technologies to go next.

What is Opendoor Technologies's operating income?

Opendoor Technologies's total operating income in 2024 was -$320 million, based on the following breakdown:

Total Gross Profit: $433 million
Total Operating Expenses: $753 million

How has Opendoor Technologies revenue changed over the last 2 years?

Over the last 2 years, Opendoor Technologies' total revenue changed from $15.57 billion in 2022 to $5.15 billion in 2024, a change of -66.9%.

How much debt does Opendoor Technologies have?

Opendoor Technologies' total liabilities were at $2.41 billion at the end of 2024, a 7.2% decrease from 2023, and a 56.3% decrease since 2022.

How much cash does Opendoor Technologies have?

In the past 2 years, Opendoor Technologies' cash and equivalents has ranged from $671 million in 2024 to $1.14 billion in 2022, and is currently $671 million as of their latest financial filing in 2024.

How has Opendoor Technologies' book value per share changed over the last 2 years?

Over the last 2 years, Opendoor Technologies' book value per share changed from 1.71 in 2022 to 1.00 in 2024, a change of -41.8%.

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This page (NASDAQ:OPEN) was last updated on 5/31/2025 by MarketBeat.com Staff

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Opendoor Technologies (OPEN) Financials

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Opendoor Technologies (OPEN) Financials

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