| Cash Flow | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-09-30 |
|---|---|---|---|---|
| Net loss | -204 | -114 | -85 | -279 |
| Depreciation and amortization | 33 | 22 | 10 | 37 |
| Amortization of right of use asset | 2 | 1 | 1 | 4 |
| Stock-based compensation | 54 | 27 | 14 | 91 |
| Inventory valuation adjustment | 48 | 34 | 13 | 51 |
| Changes in fair value of equity securities | -3 | -3 | -3 | -7 |
| Other | 7 | 4 | 0 | 6 |
| Proceeds from sale and principal collections of mortgage loans held for sale | - | - | - | 0 |
| (gain) loss on extinguishment of debt | 9 | 10 | - | -1 |
| Gain on deconsolidation, net | 0 | - | - | 14 |
| Escrow receivable | 3 | 4 | 14 | 6 |
| Real estate inventory | -1,054 | -593 | 212 | 422 |
| Other assets | 15 | 11 | 16 | -9 |
| Accounts payable and other accrued liabilities | 4 | -2 | 8 | 4 |
| Interest payable | 6 | 2 | - | 1 |
| Lease liabilities | -1 | -1 | -1 | -5 |
| Net cash provided by (used in) operating activities | 979 | 544 | -279 | -515 |
| Purchase of property and equipment | 9 | 6 | 4 | 22 |
| Proceeds from sales, maturities, redemptions and paydowns of marketable securities | 6 | 6 | 6 | 55 |
| Proceeds from sale of non-marketable equity securities | - | - | - | 0 |
| Purchase of equity investments | 6 | - | - | - |
| Cash impact of deconsolidation of subsidiaries | 0 | - | - | 2 |
| Net cash (used in) provided by investing activities | -9 | 0 | 2 | 31 |
| Proceeds from issuance of convertible senior notes, net of discount | 75 | 75 | - | - |
| Repurchase of convertible senior notes | - | - | - | 0 |
| Settlement of capped calls related to the convertible senior notes | 1 | - | - | - |
| Proceeds from exercise of stock options | 4 | - | - | 0 |
| Proceeds from issuance of common stock for espp | 2 | 1 | 1 | 5 |
| Proceeds from pipe offering | 41 | - | - | - |
| Proceeds from the issuance of common stock under at-the-market offering, net | 198 | - | - | - |
| Proceeds from non-recourse asset-backed debt | 684 | 671 | 576 | 417 |
| Principal payments on non-recourse asset-backed debt | 1,268 | 853 | 362 | 424 |
| Payment of loan origination fees and debt issuance costs | 16 | 16 | 8 | - |
| Payment for early extinguishment of debt | - | - | - | 0 |
| Other financing activities | -2 | - | - | - |
| Net cash used in financing activities | -281 | -122 | 207 | -2 |
| Net increase (decrease) in cash, cash equivalents, and restricted cash | 689 | 422 | -70 | -486 |
| Cash and cash equivalents at beginning of period | 763 | 763 | 763 | 1,540 |
| Cash and cash equivalents at end of period | 1,452 | 1,185 | 693 | 1,054 |
Opendoor Technologies Inc. (OPEN)
Opendoor Technologies Inc. (OPEN)