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Opendoor Technologies Inc OPEN Q1 2025 earnings

Reported May 6, 2025 · After market close

Revenue$1.2BBeat by $93.7M
EPS-$0.09Beat by $0.02
Revenue estimate$1.1B
EPS estimate-$0.11

Next report

Aug 4, 2026 (In 5 days)
Revenue estimate$906.0M
EPS estimate-$0.03

Financials

Q1 2025

Income statement

See full
Revenue$1.2B-2.4%
Gross profit$99.0M-13.2%
Operating income-$56.0M+35.6%
Net income-$85.0M+22.0%
EPS (diluted)-$0.12+25.0%

Balance sheet

See full
Cash & equivalents$693.0M-46.1%
Total debt$15.0M-31.8%
Total equity$645.0M-28.3%
Total assets$3.3B-3.7%

Cash flow

See full
Operating cash flow-$279.0M-56.7%
CapEx$4.0M-50.0%
Free cash flow-$283.0M-52.2%

Valuation & ratios

Valuation

as of 03/31/25
See full
Market cap$737.99M-64.3%
Enterprise value$59.99M-92.5%
P/S0.1×-0.3×

Profitability

See full
Gross margin8.2%-0.5pp
Operating margin-5.6%-0.9pp
Net margin-7.2%+2.7pp
FCF margin-15.1%—

Returns & leverage

See full
Return on equity-47.7%+81.0pp
Debt / equity0×0.0×
Current ratio3×-41.4×

Segments

By segment

See full
Reportable Segment$1.2B-10.5%

Versus estimates

Revenue

Q1 2026$720.0MBeat by $54.0MQ4 2025$736.0MBeat by $142.0MQ3 2025$915.0MBeat by $65.4MQ2 2025$1.6BBeat by $705.8M
Q1 2025$1.2BBeat by $93.7M
Q4 2024$1.1BBeat by $101.7M

Diluted EPS

Q1 2026-$0.18Miss by $0.13Q4 2025-$0.07Beat by $0.01Q3 2025-$0.08Miss by $0.00Q2 2025-$0.01In line
Q1 2025-$0.09Beat by $0.02
Q4 2024-$0.11Beat by $0.03

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Questions, answered.

When did Opendoor Technologies Inc report Q1 2025 earnings?
Opendoor Technologies Inc (OPEN) reported Q1 2025 earnings on May 6, 2025 after market close.
What were Opendoor Technologies Inc's Q1 2025 revenue and EPS?
Opendoor Technologies Inc reported revenue of $1.2B and eps of $-0.09 for Q1 2025.
Did Opendoor Technologies Inc beat estimates in Q1 2025?
Revenue beat the consensus estimate of $1.1B by $93.7M. EPS beat the consensus estimate of $-0.11 by $0.02.
How did Opendoor Technologies Inc's Q1 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue declined 2.4% from $1.2B a year earlier and eps grew 25.0% from $-0.12.
Where can I find Opendoor Technologies Inc's Q1 2025 SEC filings?
You can read the 10-Q periodic report (0001801169-25-000038) directly on SEC EDGAR. The filing index links above go to sec.gov.