OPEN: the balance sheet

MyFinsight

For the quarter ending 2026-03-31, OPEN has $2,349M in assets. $1,395M in debts. $999M in cash and cash equivalents.

Balance Sheets	2026-03-31	2025-12-31	2025-09-30	2025-06-30
Cash and cash equivalents	999	962	962	789
Restricted cash	68	339	490	396
Marketable securities	-	0	0	0
Escrow receivable	10	4	9	10
Real estate inventory, net	1,139	925	1,053	1,530
Other current assets (1 and 0 carried at fair value)	26	69	73	72
Total current assets	2,242	2,299	2,587	2,797
Property and equipmentnet	25	27	31	37
Right of use assets	8	8	9	9
Goodwill	3	3	3	3
Other assets	71	70	70	61
Total assets	2,349	2,407	2,700	2,907

Accounts payable and other accrued liabilities	53	80	91	86
Non-recourse asset-backed debt current portion	68	52	374	550
Convertible senior notes current portion	193	193	439	-
Interest payable	2	1	9	5
Lease liabilities current portion	1	1	1	2
Total current liabilities	317	327	914	643
Non-recourse asset-backed debtnet of current portion	1,070	1,068	966	1,189
Convertible senior notes - net of current portion	-	0	0	437
Lease liabilitiesnet of current portion	6	6	7	6
Other liabilities	2	1	2	1
Total liabilities	1,395	1,402	1,889	2,276
Additional paid-in capital	6,160	6,038	4,740	4,470
Accumulated deficit	-5,206	-5,033	-3,929	-3,839
Accumulated other comprehensive loss	0	0	0	0
Total shareholders equity	954	1,005	811	631
Total liabilities and shareholders equity	2,349	2,407	2,700	2,907

Unit: Million (M) dollars (except for numbers of shares and EPS). Numbers labeled with * are estimated quarterly values.