For the year ending 2025-12-31, OPEN made $4,371M in revenue. -$1,300M in net income. Net profit margin of -29.74%.
| Income Statement | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Revenue | 4,371 | 5,153 | 6,946 | 15,567 |
| Cost of revenue | 4,021 | 4,720 | 6,459 | 14,900 |
| Gross profit | 350 | 433 | 487 | 667 |
| Sales, marketing and operations | 310 | 413 | 486 | 1,006 |
| General and administrative | 238 | 182 | 206 | 346 |
| Technology and development | 79 | 141 | 167 | 169 |
| Goodwill impairment | - | 0 | 0 | 60 |
| Restructuring | 10 | 17 | 14 | 17 |
| Total operating expenses | 637 | 753 | 873 | 1,598 |
| Loss from operations | -287 | -320 | -386 | -931 |
| Derivative and warrant fair value adjustment | - | - | - | 0 |
| Warrant fair value adjustment | - | - | 0 | - |
| (loss) gain on extinguishment of debt | -924 | -2 | 216 | -25 |
| Interest expense | 131 | 133 | 211 | 385 |
| Other incomenet | 42 | 64 | 107 | -10 |
| Loss before income taxes | -1,300 | -391 | -274 | -1,351 |
| U. s. federal tax benefit at statutory rate | -273 | - | - | - |
| Change in valuation allowance, net | 59 | - | - | - |
| Deduction limitation on executive compensation | 27 | - | - | - |
| Share-based compensation | -7 | - | - | - |
| Loss on debt extinguishment | 194 | - | - | - |
| Income tax expense | 0 | 1 | 1 | 2 |
| Net loss | -1,300 | -392 | -275 | -1,353 |
| Basic (in dollars per share) | -1.7 | -0.56 | -0.42 | -2.16 |
| Basic (in shares) | 766,531,000 | 699,457,000 | 657,111,000 | 627,105,000 |
| Diluted (in dollars per share) | -1.7 | -0.56 | -0.42 | -2.16 |
| Diluted (in shares) | 766,531,000 | 699,457,000 | 657,111,000 | 627,105,000 |
Opendoor Technologies Inc. (OPEN)
Opendoor Technologies Inc. (OPEN)