For the quarter ending 2026-03-31, OPEN made $720M in revenue. -$173M in net income. Net profit margin of -24.03%.
| Income Statement | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Revenue | 720 | 736 | 915 | 1,567 |
| Cost of revenue | 648 | 679 | 849 | 1,439 |
| Gross profit | 72 | 57 | 66 | 128 |
| Sales, marketing and operations | 70 | 60 | 66 | 86 |
| General and administrative | 137 | 129 | 48 | 28 |
| Technology and development | 24 | 18 | 19 | 21 |
| Restructuring | 0 | 0 | 1 | 6 |
| Total operating expenses | 231 | 207 | 134 | 141 |
| Loss from operations | -159 | -150 | -68 | -13 |
| Loss on extinguishment of debt | -1 | -933 | -1 | 10 |
| Interest expense | 23 | 28 | 34 | 36 |
| Other incomenet | 10 | 14 | 14 | 10 |
| Loss before income taxes | -173 | -1,097 | -89 | -29 |
| U. s. federal tax benefit at statutory rate | - | -69* | - | - |
| Change in valuation allowance, net | - | 15* | - | - |
| Deduction limitation on executive compensation | - | 7* | - | - |
| Share-based compensation | - | -2* | - | - |
| Loss on debt extinguishment | - | 49* | - | - |
| Income tax expense | 0 | -1 | 1 | 0 |
| Net loss | -173 | -1,096 | -90 | -29 |
| Basic EPS | -0.18 | -1.258 | -0.12 | -0.04 |
| Diluted EPS | -0.18 | -1.258 | -0.12 | -0.04 |
| Basic Average Shares | 959,332,000 | 871,159,000 | 741,939,000 | 729,484,000 |
| Diluted Average Shares | 959,332,000 | 871,159,000 | 741,939,000 | 729,484,000 |
Opendoor Technologies Inc. (OPEN)
Opendoor Technologies Inc. (OPEN)