OPEN: the balance sheet

MyFinsight

For the year ending 2025-12-31, OPEN has $2,407M in assets. $1,402M in debts. $962M in cash and cash equivalents.

Unit: Million (M) dollars (except for numbers of shares and EPS)

Balance Sheets	2025-12-31	2024-12-31	2023-12-31	2022-12-31
Cash and cash equivalents	962	671	999	1,137
Restricted cash	339	92	541	654
Marketable securities	0	8	69	144
Escrow receivable	4	6	9	30
Mortgage loans held for sale pledged under agreements to repurchase-Asset Pledged As Collateral With Right	-	-	-	0
Real estate inventory, net	925	2,159	1,775	4,460
Other current assets	69	61	52	41
Total current assets	2,299	2,997	3,445	6,466
Property and equipmentnet	27	48	66	58
Right of use assets	8	18	25	41
Goodwill	3	3	4	4
Intangiblesnet	-	0	5	12
Other assets	70	60	22	27
Total assets	2,407	3,126	3,567	6,608

Accounts payable and other accrued liabilities	80	92	64	110
Non-recourse asset-backed debt - current portion	52	432	0	1,376
Other secured borrowings	-	-	-	0
Convertible senior notes - current portion	193	-	-	-
Interest payable	1	3	1	12
Lease liabilities current portion	1	2	5	7
Total current liabilities	327	529	70	1,505
Non-recourse asset-backed debtnet of current portion	1,068	1,492	2,134	3,020
Convertible senior notes - net of current portion	0	378	376	959
Lease liabilitiesnet of current portion	6	13	19	38
Other liabilities	1	1	1	-
Total liabilities	1,402	2,413	2,600	5,522
Additional paid-in capital	6,038	4,438	4,301	4,148
Accumulated deficit	-5,033	-3,725	-3,333	-3,058
Accumulated other comprehensive loss	0	0	-1	-4
Total shareholders equity	1,005	713	967	1,086
Total liabilities and shareholders equity	2,407	3,126	3,567	6,608

Unit: Million (M) dollars