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Opendoor Technologies Inc OPEN Q1 2026 earnings

Reported May 7, 2026 · After market close

Revenue$720.0MBeat by $54.0M
EPS-$0.18Miss by $0.13
Revenue estimate$666.0M
EPS estimate-$0.05

Next report

Nov 5, 2026 (in 2 months)
Revenue estimate$1.1B
EPS estimate-$0.03

Financials

Q1 2026

Income statement

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Revenue$720.0M-37.6%
Gross profit$72.0M-27.3%
Operating income-$159.0M-184%
Net income-$173.0M-104%
EPS (diluted)-$0.18-50.0%

Balance sheet

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Cash & equivalents$1.1B+54.0%
Total debt$200.0M+1,233%
Total equity$954.0M+47.9%
Total assets$2.3B-28.3%

Cash flow

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Operating cash flow-$246.0M+11.8%
CapEx$4.0M0.0%
Free cash flow-$250.0M+11.7%

Valuation & ratios

Valuation

as of 03/31/26
See full
Market cap$4.48B+508%
Enterprise value$3.62B+5,931%
P/S1.1×+1.0×

Profitability

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Gross margin8.2%0.0pp
Operating margin-9.9%+30.7pp
Net margin-35.2%-47.4pp
FCF margin27.2%+20.0pp

Returns & leverage

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Return on equity-173.6%-279pp
Debt / equity0.2×+0.2×
Current ratio7.1×+4.1×

Segments

By segment

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Reportable Segment$720.0M-37.6%

FAQ

When did Opendoor Technologies Inc report Q1 2026 earnings?
Opendoor Technologies Inc (OPEN) reported Q1 2026 earnings on May 7, 2026 after market close.
What were Opendoor Technologies Inc's Q1 2026 revenue and EPS?
Opendoor Technologies Inc reported revenue of $720.0M and eps of $-0.18 for Q1 2026.
Did Opendoor Technologies Inc beat estimates in Q1 2026?
Revenue beat the consensus estimate of $666.0M by $54.0M. EPS missed the consensus estimate of $-0.05 by $0.13.
How did Opendoor Technologies Inc's Q1 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue declined 37.6% from $1.2B a year earlier and eps declined 100.0% from $-0.09.
Where can I find Opendoor Technologies Inc's Q1 2026 SEC filings?
You can read the 8-K earnings release (0001801169-26-000013) and the 10-Q periodic report (0001801169-26-000014) directly on SEC EDGAR. The filing index links above go to sec.gov.