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Opendoor Technologies Inc. (OPEN)

For the quarter ending 2025-06-30, OPEN made $1,567M in revenue. -$29M in net income. Net profit margin of -1.85%.

Overview

Revenue
$1,567M
Net Income
-$29M
Net Profit Margin
-1.85%
EPS
-$0.04
Unit: Million (M) dollars

Unit: Million (M) dollars (except for numbers of shares and EPS)
2025-06-30
2025-03-31
2024-09-30
2024-06-30
Revenue1,567 1,153 1,377 1,511
Cost of revenue1,439 1,054 1,272 1,382
Gross profit128 99 105 129
Sales, marketing and operations86 98 96 116
Restructuring6 3 - -
Technology and development21 21 30 37
General and administrative28 33 46 48
Total operating expenses141 155 172 201
Loss from operations-13 -56 -67 -72
Interest expense36 33 34 30
Gain (loss) on extinguishment of debt10 - - -1
Other incomenet10 4 23 12
Loss before income taxes-29 -85 -78 -91
Income tax expense- - - 1
Net loss-29 -85 -78 -92
Basic (in dollars per share)-0.04 -0.12 -0.11 -0.13
Basic (in shares)729,484,000 723,542,000 705,359,000 693,445,000
Diluted (in dollars per share)-0.04 -0.12 -0.11 -0.13
Diluted (in shares)729,484,000 723,542,000 705,359,000 693,445,000
Unit: Million (M) dollars (except for numbers of shares and EPS)

Income Statement

DownloadDownload image
Net loss-$29M (68.48%↑ Y/Y)Loss before incometaxes-$29M (68.13%↑ Y/Y)Gain (loss) onextinguishment of debt$10M (1100.00%↑ Y/Y)Other incomenet$10M (-16.67%↓ Y/Y)Revenue$1,567M (3.71%↑ Y/Y)Interest expense$36M (20.00%↑ Y/Y)Loss from operations-$13M (81.94%↑ Y/Y)Gross profit$128M (-0.78%↓ Y/Y)Cost of revenue$1,439M (4.12%↑ Y/Y)Total operatingexpenses$141M (-29.85%↓ Y/Y)General andadministrative$28M (-41.67%↓ Y/Y)Technology and development$21M (-43.24%↓ Y/Y)Restructuring$6M (0.00%↑ Y/Y)Sales, marketing andoperations$86M (-25.86%↓ Y/Y)