Opendoor Technologies (OPEN) Financials

$0.92 -0.03 (-3.48%)

As of 03:27 PM Eastern

Annual Income Statements for Opendoor Technologies

This table shows Opendoor Technologies' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	-1,353	-275	-392
Consolidated Net Income / (Loss)	-1,353	-275	-392
Net Income / (Loss) Continuing Operations	-1,353	-275	-392
Total Pre-Tax Income	-1,351	-274	-391
Total Operating Income	-931	-386	-320
Total Gross Profit	667	487	433
Total Revenue	15,567	6,946	5,153
Operating Revenue	15,567	6,946	5,153
Total Cost of Revenue	14,900	6,459	4,720
Operating Cost of Revenue	14,900	6,459	4,720
Total Operating Expenses	1,598	873	753
Selling, General & Admin Expense	346	206	182
Marketing Expense	1,006	486	413
Research & Development Expense	169	167	141
Impairment Charge	60	0.00	0.00
Restructuring Charge	17	14	17
Total Other Income / (Expense), net	-420	112	-71
Interest Expense	410	-5.00	135
Other Income / (Expense), net	-10	107	64
Income Tax Expense	2.00	1.00	1.00
Basic Earnings per Share	($2.16)	($0.42)	($0.56)
Weighted Average Basic Shares Outstanding	627.11M	657.11M	699.46M
Diluted Earnings per Share	($2.16)	($0.42)	($0.56)
Weighted Average Diluted Shares Outstanding	627.11M	657.11M	699.46M
Weighted Average Basic & Diluted Shares Outstanding	642.56M	679.64M	723.52M

This table shows Opendoor Technologies' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Income / (Loss) Attributable to Common Shareholders	-928	-399	-101	23	-106	-91	-109	-92	-78	-113
Consolidated Net Income / (Loss)	-928	-399	-101	23	-106	-91	-109	-92	-78	-113
Net Income / (Loss) Continuing Operations	-928	-399	-101	23	-106	-91	-109	-92	-78	-113
Total Pre-Tax Income	-927	-399	-101	24	-106	-91	-109	-91	-78	-113
Total Operating Income	-810	-271	-124	-68	-79	-115	-87	-72	-67	-94
Total Gross Profit	-425	71	170	149	96	72	114	129	105	85
Total Revenue	3,361	2,857	3,120	1,976	980	870	1,181	1,511	1,377	1,084
Operating Revenue	3,361	2,857	3,120	1,976	980	870	1,181	1,511	1,377	1,084
Total Cost of Revenue	3,786	2,786	2,950	1,827	884	798	1,067	1,382	1,272	999
Operating Cost of Revenue	3,786	2,786	2,950	1,827	884	798	1,067	1,382	1,272	999
Total Operating Expenses	385	342	294	217	175	187	201	201	172	179
Selling, General & Admin Expense	85	23	66	44	48	48	47	48	46	41
Marketing Expense	260	194	188	124	85	89	113	116	96	88
Research & Development Expense	40	48	40	39	42	46	41	37	30	33
Total Other Income / (Expense), net	-117	-128	23	92	-27	24	-22	-19	-11	-19
Interest Expense	115	138	-4.00	-51	47	3.00	37	31	34	33
Other Income / (Expense), net	-2.00	10	19	41	20	27	15	12	23	14
Basic Earnings per Share	($1.47)	($0.65)	($0.16)	$0.04	($0.16)	($0.14)	($0.16)	($0.13)	($0.11)	($0.16)
Weighted Average Basic Shares Outstanding	629.54M	627.11M	641.92M	646.06M	662.15M	657.11M	682.46M	693.45M	705.36M	699.46M
Diluted Earnings per Share	($1.47)	($0.64)	($0.16)	$0.03	($0.16)	($0.13)	($0.16)	($0.13)	($0.11)	($0.16)
Weighted Average Diluted Shares Outstanding	629.54M	627.11M	641.92M	667.16M	662.15M	657.11M	682.46M	693.45M	705.36M	699.46M
Weighted Average Basic & Diluted Shares Outstanding	634.20M	642.56M	648.78M	659.20M	670.03M	679.64M	691.58M	703.00M	715.07M	723.52M

This table details how cash moves in and out of Opendoor Technologies' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Net Change in Cash & Equivalents	-787	-251	-777
Net Cash From Operating Activities	730	2,344	-595
Net Cash From Continuing Operating Activities	730	2,344	-595
Net Income / (Loss) Continuing Operations	-1,353	-275	-392
Consolidated Net Income / (Loss)	-1,353	-275	-392
Depreciation Expense	83	65	48
Amortization Expense	7.00	7.00	5.00
Non-Cash Adjustments To Reconcile Net Income	1,092	-2.00	169
Changes in Operating Assets and Liabilities, net	901	2,549	-425
Net Cash From Investing Activities	234	44	28
Net Cash From Continuing Investing Activities	234	44	28
Purchase of Property, Plant & Equipment	-37	-37	-25
Acquisitions	-10	0.00	-2.00
Purchase of Investments	-28	0.00	0.00
Sale and/or Maturity of Investments	331	80	55
Other Investing Activities, net	-22	1.00	0.00
Net Cash From Financing Activities	-1,751	-2,639	-210
Net Cash From Continuing Financing Activities	-1,751	-2,639	-212
Repayment of Debt	-11,979	-2,882	-715
Issuance of Debt	10,222	238	498
Issuance of Common Equity	2.00	2.00	5.00
Other Financing Activities, net	4.00	3.00	0.00
Cash Interest Paid	355	203	121

This table details how cash moves in and out of Opendoor Technologies' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Change in Cash & Equivalents	225	-1,288	867	146	-426	-838	-254	-375	143	-291
Net Cash From Operating Activities	-322	1,395	2,162	940	-216	-542	-178	-399	62	-80
Net Cash From Continuing Operating Activities	-322	1,395	2,162	940	-216	-542	-178	-399	62	-80
Net Income / (Loss) Continuing Operations	-928	-399	-101	23	-106	-91	-109	-92	-78	-113
Consolidated Net Income / (Loss)	-928	-399	-101	23	-106	-91	-109	-92	-78	-113
Depreciation Expense	21	24	22	17	11	15	14	12	11	11
Amortization Expense	2.00	1.00	2.00	2.00	1.00	2.00	2.00	1.00	1.00	1.00
Non-Cash Adjustments To Reconcile Net Income	551	275	-25	-46	61	8.00	36	61	33	39
Changes in Operating Assets and Liabilities, net	32	1,494	2,264	944	-183	-476	-121	-381	95	-18
Net Cash From Investing Activities	27	24	30	15	3.00	-4.00	22	9.00	-	-3.00
Net Cash From Continuing Investing Activities	27	24	30	15	3.00	-4.00	22	9.00	-	-3.00
Purchase of Property, Plant & Equipment	-13	-4.00	-8.00	-9.00	-11	-9.00	-8.00	-8.00	-6.00	-3.00
Net Cash From Financing Activities	520	-2,707	-1,325	-809	-213	-292	-98	15	81	-208
Net Cash From Continuing Financing Activities	520	-2,707	-1,325	-809	-213	-292	-98	15	81	-210
Repayment of Debt	-2,044	-3,655	-1,551	-822	-216	-293	-100	-202	-122	-291
Issuance of Debt	2,561	948	224	12	2.00	-	0.00	217	200	81
Cash Interest Paid	103	107	74	52	43	34	34	28	31	28

This table presents Opendoor Technologies' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Total Assets	6,608	3,567	3,126
Total Current Assets	6,466	3,445	2,997
Cash & Equivalents	1,137	999	671
Restricted Cash	654	541	92
Short-Term Investments	144	69	8.00
Inventories, net	4,460	1,775	2,159
Other Current Assets	71	61	67
Plant, Property, & Equipment, net	58	66	48
Total Noncurrent Assets	84	56	81
Goodwill	4.00	4.00	3.00
Intangible Assets	12	5.00	0.00
Other Noncurrent Operating Assets	68	47	78
Total Liabilities & Shareholders' Equity	6,608	3,567	3,126
Total Liabilities	5,522	2,600	2,413
Total Current Liabilities	1,505	70	529
Short-Term Debt	1,376	0.00	432
Accounts Payable	110	64	92
Other Current Liabilities	7.00	5.00	2.00
Other Current Nonoperating Liabilities	12	1.00	3.00
Total Noncurrent Liabilities	4,017	2,530	1,884
Long-Term Debt	3,979	2,510	1,870
Capital Lease Obligations	38	19	13
Other Noncurrent Operating Liabilities	0.00	1.00	1.00
Commitments & Contingencies	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,086	967	713
Total Preferred & Common Equity	1,086	967	713
Total Common Equity	1,086	967	713
Common Stock	4,148	4,301	4,438
Retained Earnings	-3,058	-3,333	-3,725
Accumulated Other Comprehensive Income / (Loss)	-4.00	-1.00	0.00

This table presents Opendoor Technologies' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Total Assets	9,784	5,112	4,223	3,947	3,404	3,372	3,411
Total Current Assets	9,584	4,972	4,093	3,819	3,284	3,249	3,263
Cash & Equivalents	1,327	1,143	1,120	1,154	953	790	829
Restricted Cash	1,752	1,515	1,684	1,224	333	121	225
Short-Term Investments	178	108	90	72	37	19	8.00
Inventories, net	6,093	2,118	1,149	1,311	1,881	2,234	2,145
Other Current Assets	234	88	50	58	80	85	56
Plant, Property, & Equipment, net	62	59	62	68	66	71	59
Total Noncurrent Assets	138	81	68	60	54	52	89
Goodwill	62	4.00	4.00	4.00	4.00	4.00	3.00
Intangible Assets	7.00	11	9.00	7.00	4.00	2.00	0.00
Other Noncurrent Operating Assets	69	66	55	49	46	46	86
Total Liabilities & Shareholders' Equity	9,784	5,112	4,223	3,947	3,404	3,372	3,411
Total Liabilities	8,296	4,076	3,137	2,927	2,505	2,527	2,610
Total Current Liabilities	3,601	443	88	74	74	393	721
Short-Term Debt	3,372	355	15	0.00	-	315	643
Accounts Payable	209	77	65	67	69	73	71
Other Current Liabilities	6.00	7.00	7.00	6.00	4.00	4.00	4.00
Other Current Nonoperating Liabilities	14	4.00	1.00	1.00	1.00	1.00	3.00
Total Noncurrent Liabilities	4,695	3,633	3,049	2,853	2,431	2,134	1,889
Long-Term Debt	4,656	3,598	3,028	2,832	2,412	2,116	1,868
Capital Lease Obligations	-	-	21	20	18	18	19
Other Noncurrent Operating Liabilities	39	35	-	1.00	1.00	0.00	2.00
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,488	1,036	1,086	1,020	899	845	801
Total Preferred & Common Equity	1,488	1,036	1,086	1,020	899	845	801
Total Common Equity	1,488	1,036	1,086	1,020	899	845	801
Common Stock	4,152	4,198	4,224	4,263	4,341	4,379	4,413
Retained Earnings	-2,659	-3,159	-3,136	-3,242	-3,442	-3,534	-3,612
Accumulated Other Comprehensive Income / (Loss)	-5.00	-3.00	-2.00	-1.00	0.00	0.00	0.00

This table displays calculated financial ratios and metrics derived from Opendoor Technologies' official financial filings.

Metric	2022	2023	2024
Growth Metrics	-	-	-
Revenue Growth	94.08%	-55.38%	-25.81%
EBITDA Growth	-83.80%	75.68%	1.93%
EBIT Growth	-81.66%	70.35%	8.24%
NOPAT Growth	-63.91%	58.54%	17.10%
Net Income Growth	-104.38%	79.67%	-42.55%
EPS Growth	-92.86%	80.56%	-33.33%
Operating Cash Flow Growth	112.60%	221.10%	-125.38%
Free Cash Flow Firm Growth	117.16%	127.65%	-124.86%
Invested Capital Growth	-27.23%	-58.56%	19.70%
Revenue Q/Q Growth	-5.84%	-22.24%	4.33%
EBITDA Q/Q Growth	-19.19%	44.35%	1.46%
EBIT Q/Q Growth	-17.92%	38.27%	3.03%
NOPAT Q/Q Growth	-22.18%	28.78%	6.16%
Net Income Q/Q Growth	-18.17%	52.83%	-5.95%
EPS Q/Q Growth	-18.03%	54.84%	-5.66%
Operating Cash Flow Q/Q Growth	231.53%	-45.25%	43.71%
Free Cash Flow Firm Q/Q Growth	386.11%	-46.37%	45.21%
Invested Capital Q/Q Growth	-27.37%	32.68%	-0.53%
Profitability Metrics	-	-	-
Gross Margin	4.28%	7.01%	8.40%
EBITDA Margin	-5.47%	-2.98%	-3.94%
Operating Margin	-5.98%	-5.56%	-6.21%
EBIT Margin	-6.04%	-4.02%	-4.97%
Profit (Net Income) Margin	-8.69%	-3.96%	-7.61%
Tax Burden Percent	100.15%	100.37%	100.26%
Interest Burden Percent	143.57%	98.21%	152.73%
Effective Tax Rate	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	-12.05%	-8.39%	-10.80%
ROIC Less NNEP Spread (ROIC-NNEP)	-30.79%	-8.60%	-24.41%
Return on Net Nonoperating Assets (RNNOA)	-69.11%	-18.40%	-35.87%
Return on Equity (ROE)	-81.16%	-26.79%	-46.67%
Cash Return on Invested Capital (CROIC)	19.47%	74.42%	-28.74%
Operating Return on Assets (OROA)	-11.68%	-5.48%	-7.65%
Return on Assets (ROA)	-16.79%	-5.41%	-11.71%
Return on Common Equity (ROCE)	-81.16%	-26.79%	-46.67%
Return on Equity Simple (ROE_SIMPLE)	-124.59%	-28.44%	-54.98%
Net Operating Profit after Tax (NOPAT)	-652	-270	-224
NOPAT Margin	-4.19%	-3.89%	-4.35%
Net Nonoperating Expense Percent (NNEP)	18.74%	0.22%	13.61%
Return On Investment Capital (ROIC_SIMPLE)	-10.06%	-7.73%	-7.40%
Cost of Revenue to Revenue	95.72%	92.99%	91.60%
SG&A Expenses to Revenue	2.22%	2.97%	3.53%
R&D to Revenue	1.09%	2.40%	2.74%
Operating Expenses to Revenue	10.27%	12.57%	14.61%
Earnings before Interest and Taxes (EBIT)	-941	-279	-256
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-851	-207	-203
Valuation Ratios	-	-	-
Price to Book Value (P/BV)	0.68	3.10	1.60
Price to Tangible Book Value (P/TBV)	0.69	3.13	1.61
Price to Revenue (P/Rev)	0.05	0.43	0.22
Price to Earnings (P/E)	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.92	2.08	1.19
Enterprise Value to Revenue (EV/Rev)	0.27	0.56	0.52
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	5.74	1.67	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	3.98	1.64	0.00
Leverage & Solvency	-	-	-
Debt to Equity	4.97	2.62	3.25
Long-Term Debt to Equity	3.70	2.62	2.64
Financial Leverage	2.24	2.14	1.47
Leverage Ratio	4.83	4.96	3.98
Compound Leverage Factor	6.94	4.87	6.08
Debt to Total Capital	83.24%	72.34%	76.45%
Short-Term Debt to Total Capital	21.24%	0.00%	14.27%
Long-Term Debt to Total Capital	62.00%	72.34%	62.19%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%
Common Equity to Total Capital	16.76%	27.66%	23.55%
Debt to EBITDA	-6.34	-12.22	-11.40
Net Debt to EBITDA	-4.06	-4.44	-7.61
Long-Term Debt to EBITDA	-4.72	-12.22	-9.28
Debt to NOPAT	-8.28	-9.36	-10.33
Net Debt to NOPAT	-5.31	-3.40	-6.89
Long-Term Debt to NOPAT	-6.16	-9.36	-8.41
Altman Z-Score	2.22	2.21	0.94
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-
Current Ratio	4.30	49.21	5.67
Quick Ratio	0.85	15.26	1.28
Cash Flow Metrics	-	-	-
Free Cash Flow to Firm (FCFF)	1,053	2,398	-596
Operating Cash Flow to CapEx	1,972.97%	6,335.14%	-2,380.00%
Free Cash Flow to Firm to Interest Expense	2.57	0.00	-4.41
Operating Cash Flow to Interest Expense	1.78	0.00	-4.41
Operating Cash Flow Less CapEx to Interest Expense	1.69	0.00	-4.59
Efficiency Ratios	-	-	-
Asset Turnover	1.93	1.37	1.54
Accounts Receivable Turnover	0.00	0.00	0.00
Inventory Turnover	2.82	2.07	2.40
Fixed Asset Turnover	302.27	112.03	90.40
Accounts Payable Turnover	120.65	74.24	60.51
Days Sales Outstanding (DSO)	0.00	0.00	0.00
Days Inventory Outstanding (DIO)	129.29	176.17	152.11
Days Payable Outstanding (DPO)	3.03	4.92	6.03
Cash Conversion Cycle (CCC)	126.27	171.25	146.08
Capital & Investment Metrics	-	-	-
Invested Capital	4,556	1,888	2,260
Invested Capital Turnover	2.88	2.16	2.48
Increase / (Decrease) in Invested Capital	-1,705	-2,668	372
Enterprise Value (EV)	4,194	3,922	2,688
Market Capitalization	736	3,002	1,144
Book Value per Share	$1.71	$1.44	$1.00
Tangible Book Value per Share	$1.69	$1.43	$0.99
Total Capital	6,479	3,496	3,028
Total Debt	5,393	2,529	2,315
Total Long-Term Debt	4,017	2,529	1,883
Net Debt	3,458	920	1,544
Capital Expenditures (CapEx)	37	37	25
Debt-free, Cash-free Net Working Capital (DFCFNWC)	4,402	1,766	2,129
Debt-free Net Working Capital (DFNWC)	6,337	3,375	2,900
Net Working Capital (NWC)	4,961	3,375	2,468
Net Nonoperating Expense (NNE)	701	4.80	168
Net Nonoperating Obligations (NNO)	3,470	921	1,547
Total Depreciation and Amortization (D&A)	90	72	53
Debt-free, Cash-free Net Working Capital to Revenue	28.28%	25.42%	41.32%
Debt-free Net Working Capital to Revenue	40.71%	48.59%	56.28%
Net Working Capital to Revenue	31.87%	48.59%	47.89%
Earnings Adjustments	-	-	-
Adjusted Basic Earnings per Share	($2.16)	($0.42)	($0.56)
Adjusted Weighted Average Basic Shares Outstanding	627.11M	657.11M	699.46M
Adjusted Diluted Earnings per Share	($2.16)	($0.42)	($0.56)
Adjusted Weighted Average Diluted Shares Outstanding	627.11M	657.11M	699.46M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	642.56M	679.64M	723.52M
Normalized Net Operating Profit after Tax (NOPAT)	-598	-260	-212
Normalized NOPAT Margin	-3.84%	-3.75%	-4.12%
Pre Tax Income Margin	-8.68%	-3.94%	-7.59%
Debt Service Ratios	-	-	-
EBIT to Interest Expense	-2.30	0.00	-1.90
NOPAT to Interest Expense	-1.59	0.00	-1.66
EBIT Less CapEx to Interest Expense	-2.39	0.00	-2.08
NOPAT Less CapEx to Interest Expense	-1.68	0.00	-1.84
Payout Ratios	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%

This table displays calculated financial ratios and metrics derived from Opendoor Technologies' official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	48.32%	-25.25%	-39.43%	-52.93%	-70.84%	-69.55%	-62.15%	-23.53%	40.51%	24.60%
EBITDA Growth	-78,800.00%	-138.38%	-169.83%	-113.79%	94.04%	69.92%	30.86%	-487.50%	31.91%	4.23%
EBIT Growth	-6,146.15%	-121.19%	-209.38%	-175.00%	92.73%	66.28%	31.43%	-122.22%	25.42%	9.09%
NOPAT Growth	-1,073.91%	-165.69%	-173.56%	-390.92%	90.25%	57.56%	29.84%	22.66%	15.19%	18.26%
Net Income Growth	-1,528.07%	-108.90%	-460.71%	142.59%	88.58%	77.19%	-7.92%	-500.00%	26.42%	-24.18%
EPS Growth	-1,533.33%	-106.45%	-500.00%	133.33%	89.12%	79.69%	0.00%	-533.33%	31.25%	-23.08%
Operating Cash Flow Growth	91.04%	1,168.18%	39.48%	149.66%	32.92%	-138.85%	-108.23%	-142.45%	128.70%	85.24%
Free Cash Flow Firm Growth	93.41%	126.07%	165.96%	238.25%	1,293.45%	70.76%	-93.78%	-121.09%	-118.69%	-116.92%
Invested Capital Growth	-2.57%	-27.23%	-54.28%	-81.56%	-77.32%	-58.56%	-9.88%	88.15%	59.66%	19.70%
Revenue Q/Q Growth	-19.94%	-15.00%	9.21%	-36.67%	-50.40%	-11.22%	35.75%	27.94%	-8.87%	-21.28%
EBITDA Q/Q Growth	-1,460.34%	70.09%	65.68%	90.12%	-487.50%	-51.06%	21.13%	16.07%	31.91%	-112.50%
EBIT Q/Q Growth	-2,355.56%	67.86%	59.77%	74.29%	-118.52%	-49.15%	18.18%	16.67%	26.67%	-81.82%
NOPAT Q/Q Growth	-2,631.25%	66.54%	54.24%	24.92%	15.14%	-45.57%	24.35%	17.24%	6.94%	-40.30%
Net Income Q/Q Growth	-1,618.52%	57.00%	74.69%	122.77%	-560.87%	14.15%	-19.78%	15.60%	15.22%	-44.87%
EPS Q/Q Growth	-1,533.33%	56.46%	75.00%	118.75%	-633.33%	18.75%	-23.08%	18.75%	15.38%	-45.45%
Operating Cash Flow Q/Q Growth	82.99%	533.23%	54.98%	-56.52%	-122.98%	-150.93%	67.16%	-124.16%	115.54%	-229.03%
Free Cash Flow Firm Q/Q Growth	89.89%	477.17%	68.76%	114.80%	-12.71%	-46.03%	-93.85%	-828.10%	22.66%	51.13%
Invested Capital Q/Q Growth	-7.95%	-27.37%	-51.12%	-43.56%	13.21%	32.68%	6.30%	17.84%	-3.93%	-0.53%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	-12.65%	2.49%	5.45%	7.54%	9.80%	8.28%	9.65%	8.54%	7.63%	7.84%
EBITDA Margin	-23.48%	-8.26%	-2.60%	-0.40%	-4.80%	-8.16%	-4.74%	-3.11%	-2.32%	-6.27%
Operating Margin	-24.10%	-9.49%	-3.97%	-3.44%	-8.06%	-13.22%	-7.37%	-4.77%	-4.87%	-8.67%
EBIT Margin	-24.16%	-9.14%	-3.37%	-1.37%	-6.02%	-10.11%	-6.10%	-3.97%	-3.20%	-7.38%
Profit (Net Income) Margin	-27.61%	-13.97%	-3.24%	1.16%	-10.82%	-10.46%	-9.23%	-6.09%	-5.66%	-10.42%
Tax Burden Percent	100.11%	100.00%	100.00%	95.83%	100.00%	100.00%	100.00%	101.10%	100.00%	100.00%
Interest Burden Percent	114.16%	152.87%	96.19%	-88.89%	179.66%	103.41%	151.39%	151.67%	177.27%	141.25%
Effective Tax Rate	0.00%	0.00%	0.00%	4.17%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	-43.88%	-19.11%	-10.61%	-9.24%	-13.10%	-19.95%	-12.20%	-8.37%	-9.11%	-15.08%
ROIC Less NNEP Spread (ROIC-NNEP)	-52.03%	-24.71%	-11.38%	-5.44%	-15.05%	-20.43%	-16.38%	-13.29%	-12.42%	-18.91%
Return on Net Nonoperating Assets (RNNOA)	-119.72%	-55.45%	-12.49%	-7.31%	-31.14%	-43.69%	-19.46%	-11.63%	-12.79%	-27.77%
Return on Equity (ROE)	-163.60%	-74.56%	-23.10%	-16.56%	-44.24%	-63.63%	-31.66%	-20.00%	-21.89%	-42.86%
Cash Return on Invested Capital (CROIC)	-5.79%	19.47%	51.36%	115.63%	116.18%	74.42%	-1.15%	-74.83%	-58.87%	-28.74%
Operating Return on Assets (OROA)	-42.60%	-17.65%	-6.81%	-2.15%	-7.83%	-13.81%	-7.17%	-4.75%	-4.29%	-11.36%
Return on Assets (ROA)	-48.68%	-26.98%	-6.55%	1.83%	-14.07%	-14.28%	-10.85%	-7.28%	-7.60%	-16.05%
Return on Common Equity (ROCE)	-163.60%	-74.56%	-23.10%	-16.56%	-44.24%	-63.63%	-31.66%	-20.00%	-21.89%	-42.86%
Return on Equity Simple (ROE_SIMPLE)	-76.95%	0.00%	-143.05%	-129.37%	-57.16%	0.00%	-31.48%	-47.10%	-46.19%	0.00%
Net Operating Profit after Tax (NOPAT)	-567	-190	-87	-65	-55	-81	-61	-50	-47	-66
NOPAT Margin	-16.87%	-6.64%	-2.78%	-3.30%	-5.64%	-9.25%	-5.16%	-3.34%	-3.41%	-6.07%
Net Nonoperating Expense Percent (NNEP)	8.15%	5.59%	0.76%	-3.81%	1.95%	0.48%	4.18%	4.92%	3.32%	3.83%
Return On Investment Capital (ROIC_SIMPLE)	-5.96%	-2.93%	-1.74%	-1.57%	-1.43%	-2.30%	-1.83%	-1.53%	-1.41%	-2.17%
Cost of Revenue to Revenue	112.65%	97.51%	94.55%	92.46%	90.20%	91.72%	90.35%	91.46%	92.37%	92.16%
SG&A Expenses to Revenue	2.53%	0.81%	2.12%	2.23%	4.90%	5.52%	3.98%	3.18%	3.34%	3.78%
R&D to Revenue	1.19%	1.68%	1.28%	1.97%	4.29%	5.29%	3.47%	2.45%	2.18%	3.04%
Operating Expenses to Revenue	11.45%	11.97%	9.42%	10.98%	17.86%	21.49%	17.02%	13.30%	12.49%	16.51%
Earnings before Interest and Taxes (EBIT)	-812	-261	-105	-27	-59	-88	-72	-60	-44	-80
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-789	-236	-81	-8.00	-47	-71	-56	-47	-32	-68
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.31	0.68	1.09	2.40	1.71	3.10	2.26	1.51	1.76	1.60
Price to Tangible Book Value (P/TBV)	1.38	0.69	1.11	2.43	1.72	3.13	2.28	1.52	1.76	1.61
Price to Revenue (P/Rev)	0.12	0.05	0.08	0.23	0.19	0.43	0.41	0.28	0.28	0.22
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	1.07	0.92	1.04	2.21	1.51	2.08	1.56	1.18	1.27	1.19
Enterprise Value to Revenue (EV/Rev)	0.41	0.27	0.17	0.25	0.24	0.56	0.63	0.61	0.58	0.52
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	5.74	1.73	0.67	0.50	1.67	784.30	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	3.98	1.27	0.60	0.48	1.64	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	5.40	4.97	3.82	2.82	2.80	2.62	2.70	2.90	3.16	3.25
Long-Term Debt to Equity	3.13	3.70	3.47	2.81	2.80	2.62	2.70	2.53	2.36	2.64
Financial Leverage	2.30	2.24	1.10	1.35	2.07	2.14	1.19	0.88	1.03	1.47
Leverage Ratio	4.87	4.83	3.96	4.17	5.47	4.96	4.40	3.93	4.04	3.98
Compound Leverage Factor	5.56	7.39	3.81	-3.71	9.84	5.13	6.66	5.97	7.16	5.63
Debt to Total Capital	84.36%	83.24%	79.23%	73.83%	73.66%	72.34%	72.99%	74.35%	75.95%	76.45%
Short-Term Debt to Total Capital	35.44%	21.24%	7.12%	0.36%	0.00%	0.00%	0.00%	9.56%	19.30%	14.27%
Long-Term Debt to Total Capital	48.93%	62.00%	72.12%	73.47%	73.66%	72.34%	72.99%	64.78%	56.65%	62.19%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	15.64%	16.76%	20.77%	26.17%	26.34%	27.66%	27.01%	25.65%	24.05%	23.55%
Debt to EBITDA	-11.24	-6.34	-3.77	-2.75	-7.67	-12.22	-13.35	-11.08	-12.28	-11.40
Net Debt to EBITDA	-6.68	-4.06	-1.13	-0.15	-1.08	-4.44	-6.08	-6.87	-7.13	-7.61
Long-Term Debt to EBITDA	-6.52	-4.72	-3.43	-2.74	-7.67	-12.22	-13.35	-9.66	-9.16	-9.28
Debt to NOPAT	-15.05	-8.28	-4.81	-3.44	-7.52	-9.36	-9.95	-9.91	-10.60	-10.33
Net Debt to NOPAT	-8.94	-5.31	-1.45	-0.19	-1.06	-3.40	-4.53	-6.15	-6.15	-6.89
Long-Term Debt to NOPAT	-8.73	-6.16	-4.38	-3.42	-7.52	-9.36	-9.95	-8.64	-7.91	-8.41
Altman Z-Score	1.91	2.56	2.94	3.26	2.56	2.39	1.60	1.14	1.14	1.13
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.66	4.30	11.22	46.51	51.61	49.21	44.38	8.27	4.53	5.67
Quick Ratio	0.42	0.85	2.82	13.75	16.57	15.26	13.38	2.06	1.16	1.28
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-402	1,515	2,557	5,493	4,795	2,588	159	-1,158	-896	-438
Operating Cash Flow to CapEx	-2,476.92%	34,875.00%	27,025.00%	10,444.44%	-1,963.64%	-6,022.22%	-2,225.00%	-4,987.50%	1,033.33%	-2,666.67%
Free Cash Flow to Firm to Interest Expense	-3.49	10.98	0.00	0.00	102.01	862.50	4.30	-37.37	-26.35	-13.27
Operating Cash Flow to Interest Expense	-2.80	10.11	0.00	0.00	-4.60	-180.67	-4.81	-12.87	1.82	-2.42
Operating Cash Flow Less CapEx to Interest Expense	-2.91	10.08	0.00	0.00	-4.83	-183.67	-5.03	-13.13	1.65	-2.52
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.76	1.93	2.02	1.58	1.30	1.37	1.18	1.20	1.34	1.54
Accounts Receivable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Inventory Turnover	2.53	2.82	3.90	2.92	2.28	2.07	2.29	2.44	2.62	2.40
Fixed Asset Turnover	329.58	302.27	250.67	195.07	137.43	112.03	80.11	68.30	77.78	90.40
Accounts Payable Turnover	85.82	120.65	126.64	81.06	61.21	74.24	62.68	59.87	65.49	60.51
Days Sales Outstanding (DSO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Inventory Outstanding (DIO)	144.02	129.29	93.53	125.06	159.97	176.17	159.49	149.45	139.57	152.11
Days Payable Outstanding (DPO)	4.25	3.03	2.88	4.50	5.96	4.92	5.82	6.10	5.57	6.03
Cash Conversion Cycle (CCC)	139.77	126.27	90.64	120.56	154.00	171.25	153.67	143.36	134.00	146.08
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	6,273	4,556	2,227	1,257	1,423	1,888	2,007	2,365	2,272	2,260
Invested Capital Turnover	2.60	2.88	3.81	2.80	2.32	2.16	2.37	2.51	2.67	2.48
Increase / (Decrease) in Invested Capital	-165	-1,705	-2,644	-5,558	-4,850	-2,668	-220	1,108	849	372
Enterprise Value (EV)	6,727	4,194	2,318	2,778	2,142	3,922	3,137	2,791	2,874	2,688
Market Capitalization	1,956	736	1,131	2,608	1,740	3,002	2,030	1,272	1,406	1,144
Book Value per Share	$2.37	$1.71	$1.61	$1.67	$1.55	$1.44	$1.32	$1.22	$1.14	$1.00
Tangible Book Value per Share	$2.26	$1.69	$1.59	$1.65	$1.53	$1.43	$1.31	$1.21	$1.14	$0.99
Total Capital	9,516	6,479	4,989	4,150	3,872	3,496	3,329	3,294	3,331	3,028
Total Debt	8,028	5,393	3,953	3,064	2,852	2,529	2,430	2,449	2,530	2,315
Total Long-Term Debt	4,656	4,017	3,598	3,049	2,852	2,529	2,430	2,134	1,887	1,883
Net Debt	4,771	3,458	1,187	170	402	920	1,107	1,519	1,468	1,544
Capital Expenditures (CapEx)	13	4.00	8.00	9.00	11	9.00	8.00	8.00	6.00	3.00
Debt-free, Cash-free Net Working Capital (DFCFNWC)	6,098	4,402	2,118	1,126	1,295	1,766	1,887	2,241	2,123	2,129
Debt-free Net Working Capital (DFNWC)	9,355	6,337	4,884	4,020	3,745	3,375	3,210	3,171	3,185	2,900
Net Working Capital (NWC)	5,983	4,961	4,529	4,005	3,745	3,375	3,210	2,856	2,542	2,468
Net Nonoperating Expense (NNE)	361	209	14	-88	51	11	48	42	31	47
Net Nonoperating Obligations (NNO)	4,785	3,470	1,191	171	403	921	1,108	1,520	1,471	1,547
Total Depreciation and Amortization (D&A)	23	25	24	19	12	17	16	13	12	12
Debt-free, Cash-free Net Working Capital to Revenue	36.89%	28.28%	15.65%	9.95%	14.50%	25.42%	37.69%	49.34%	42.98%	41.32%
Debt-free Net Working Capital to Revenue	56.59%	40.71%	36.08%	35.53%	41.92%	48.59%	64.11%	69.82%	64.49%	56.28%
Net Working Capital to Revenue	36.19%	31.87%	33.46%	35.40%	41.92%	48.59%	64.11%	62.88%	51.47%	47.89%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($1.47)	($0.65)	($0.16)	$0.04	($0.16)	($0.14)	($0.16)	($0.13)	($0.11)	($0.16)
Adjusted Weighted Average Basic Shares Outstanding	629.54M	627.11M	641.92M	646.06M	662.15M	657.11M	682.46M	693.45M	705.36M	699.46M
Adjusted Diluted Earnings per Share	($1.47)	($0.64)	($0.16)	$0.03	($0.16)	($0.13)	($0.16)	($0.13)	($0.11)	($0.16)
Adjusted Weighted Average Diluted Shares Outstanding	629.54M	627.11M	641.92M	667.16M	662.15M	657.11M	682.46M	693.45M	705.36M	699.46M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	634.20M	642.56M	648.78M	659.20M	670.03M	679.64M	691.58M	703.00M	715.07M	723.52M
Normalized Net Operating Profit after Tax (NOPAT)	-567	-190	-87	-56	-55	-81	-61	-50	-47	-66
Normalized NOPAT Margin	-16.87%	-6.64%	-2.78%	-2.81%	-5.64%	-9.25%	-5.16%	-3.34%	-3.41%	-6.07%
Pre Tax Income Margin	-27.58%	-13.97%	-3.24%	1.21%	-10.82%	-10.46%	-9.23%	-6.02%	-5.66%	-10.42%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-7.06	-1.89	0.00	0.00	-1.26	-29.33	-1.95	-1.94	-1.29	-2.42
NOPAT to Interest Expense	-4.93	-1.37	0.00	0.00	-1.18	-26.83	-1.65	-1.63	-1.38	-1.99
EBIT Less CapEx to Interest Expense	-7.17	-1.92	0.00	0.00	-1.49	-32.33	-2.16	-2.19	-1.47	-2.52
NOPAT Less CapEx to Interest Expense	-5.04	-1.40	0.00	0.00	-1.41	-29.83	-1.86	-1.88	-1.56	-2.08
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions About Opendoor Technologies' Financials

When does Opendoor Technologies's fiscal year end?

According to the most recent income statement we have on file, Opendoor Technologies' financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Opendoor Technologies' net income changed over the last 2 years?

Opendoor Technologies' net income appears to be on a downward trend, with a most recent value of -$392 million in 2024, falling from -$1.35 billion in 2022. The previous period was -$275 million in 2023.

What is Opendoor Technologies's operating income?

Opendoor Technologies's total operating income in 2024 was -$320 million, based on the following breakdown:

Total Gross Profit: $433 million
Total Operating Expenses: $753 million

How has Opendoor Technologies revenue changed over the last 2 years?

Over the last 2 years, Opendoor Technologies' total revenue changed from $15.57 billion in 2022 to $5.15 billion in 2024, a change of -66.9%.

How much debt does Opendoor Technologies have?

Opendoor Technologies' total liabilities were at $2.41 billion at the end of 2024, a 7.2% decrease from 2023, and a 56.3% decrease since 2022.

How much cash does Opendoor Technologies have?

In the past 2 years, Opendoor Technologies' cash and equivalents has ranged from $671 million in 2024 to $1.14 billion in 2022, and is currently $671 million as of their latest financial filing in 2024.

How has Opendoor Technologies' book value per share changed over the last 2 years?

Over the last 2 years, Opendoor Technologies' book value per share changed from 1.71 in 2022 to 1.00 in 2024, a change of -41.8%.

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This page (NASDAQ:OPEN) was last updated on 4/15/2025 by MarketBeat.com Staff

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Opendoor Technologies (OPEN) Financials

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Opendoor Technologies (OPEN) Financials

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