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Opendoor Technologies Inc OPEN Q4 2025 Annual earnings

Reported February 19, 2026 · After market close

Revenue$736.0MBeat by $142.0M
EPS-$0.07Beat by $0.01
Revenue estimate$594.0M
EPS estimate-$0.08

Next report

Aug 4, 2026 (In 6 days)
Revenue estimate$906.0M
EPS estimate-$0.03

Financials

Q4 2025

Income statement

See full
Revenue$736.0M-32.1%
Gross profit$57.0M-32.9%
Operating income-$150.0M-59.6%
Net income-$1.1B-870%
EPS (diluted)-$1.42-787%

Balance sheet

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Cash & equivalents$1.3B+70.5%
Total debt$200.0M+1,233%
Total equity$1.0B+41.0%
Total assets$2.4B-23.0%

Cash flow

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Operating cash flow$70.0M+188%
CapEx$3.0M0.0%
Free cash flow$67.0M+181%

Valuation & ratios

Valuation

as of 12/31/25
See full
Market cap$5.56B+386%
Enterprise value$4.46B+1,026%
P/S1.3×+1.1×

Profitability

See full
Gross margin8%-0.4pp
Operating margin-6.6%+0.4pp
Net margin-29.7%-45.3pp
FCF margin23.7%+17.5pp

Returns & leverage

See full
Return on equity-151.3%-273pp
Debt / equity0.2×+0.2×
Current ratio7×+1.4×

Versus estimates

Revenue

Q1 2026$720.0MBeat by $54.0M
Q4 2025$736.0MBeat by $142.0M
Q3 2025$915.0MBeat by $65.4MQ2 2025$1.6BBeat by $705.8MQ1 2025$1.2BBeat by $93.7MQ4 2024$1.1BBeat by $101.7M

Diluted EPS

Q1 2026-$0.18Miss by $0.13
Q4 2025-$0.07Beat by $0.01
Q3 2025-$0.08Miss by $0.00Q2 2025-$0.01In lineQ1 2025-$0.09Beat by $0.02Q4 2024-$0.11Beat by $0.03

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Questions, answered.

When did Opendoor Technologies Inc report Q4 2025 earnings?
Opendoor Technologies Inc (OPEN) reported Q4 2025 earnings on February 19, 2026 after market close.
What were Opendoor Technologies Inc's Q4 2025 revenue and EPS?
Opendoor Technologies Inc reported revenue of $736.0M and eps of $-0.07 for Q4 2025.
Did Opendoor Technologies Inc beat estimates in Q4 2025?
Revenue beat the consensus estimate of $594.0M by $142.0M. EPS beat the consensus estimate of $-0.08 by $0.01.
How did Opendoor Technologies Inc's Q4 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue declined 32.1% from $1.1B a year earlier and eps grew 36.4% from $-0.11.
Where can I find Opendoor Technologies Inc's Q4 2025 SEC filings?
You can read the 8-K earnings release (0001801169-26-000009) and the 10-K periodic report (0001801169-26-000010) directly on SEC EDGAR. The filing index links above go to sec.gov.