OPEN: the balance sheet

MyFinsight

For the quarter ending 2025-09-30, OPEN has $2,700M in assets. $1,889M in debts. $962M in cash and cash equivalents.

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

Balance Sheets	2025-09-30	2025-06-30	2025-03-31	2024-09-30
Cash and cash equivalents	962	789	559	829
Restricted cash	490	396	134	225
Marketable securities	0	0	0	8
Escrow receivable	9	10	20	15
Real estate inventory, net	1,053	1,530	2,362	2,145
Other current assets	73	72	77	41
Total current assets	2,587	2,797	3,152	3,263
Property and equipmentnet	31	37	44	59
Right of use assets	9	9	17	25
Goodwill	3	3	3	3
Intangiblesnet	-	-	-	0
Other assets	70	61	61	61
Total assets	2,700	2,907	3,277	3,411

Accounts payable and other accrued liabilities	91	86	102	71
Non-recourse asset-backed debt current portion	374	550	946	643
Convertible senior notes current portion	439	-	-	-
Interest payable	9	5	3	3
Lease liabilities current portion	1	2	2	4
Total current liabilities	914	643	1,053	721
Non-recourse asset-backed debtnet of current portion	966	1,189	1,187	1,491
Convertible senior notesnet of current portion	0	437	378	377
Lease liabilitiesnet of current portion	7	6	13	19
Other liabilities	2	1	1	2
Total liabilities	1,889	2,276	2,632	2,610
Additional paid-in capital	4,740	4,470	4,455	4,413
Accumulated deficit	-3,929	-3,839	-3,810	-3,612
Accumulated other comprehensive loss	0	0	0	0
Total shareholders equity	811	631	645	801
Total liabilities and shareholders equity	2,700	2,907	3,277	3,411