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Opendoor Technologies Inc OPEN Business Segments — Direct Selling Costs

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Other financials

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

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Market cap$3.35B+139%
Enterprise value$2.48B+1,020%
P/S0.9×+0.6×

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×

Where this comes from

Reported directly by Opendoor Technologies Inc in its filing.

Tagged under the XBRL concept open:DirectSellingCosts.

The source filing: Opendoor Technologies Inc’s 10-Q, filed May 7, 2026.

Filed
May 7, 2026, 4:17 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001801169-26-000014
Line itemThree Months Ended March 31, 2026Three Months Ended March 31, 2025
Revenue$720$1,153
Less:
Cost of revenue(648)(1,054)
Direct selling costs(1)(23)(29)
Holding costs(2)(12)(17)
Advertising and other marketing expense(3)(19)(24)
Operations(4)(12)(16)
Fixed operating expense(5)(33)(39)

Item 1. Financial Statements.

FAQ

What is Opendoor Technologies Inc's business segments — direct selling costs?
Opendoor Technologies Inc (OPEN) reported business segments — direct selling costs of $23M in Q1 2026.
How has Opendoor Technologies Inc's business segments — direct selling costs changed year-over-year?
Opendoor Technologies Inc's business segments — direct selling costs decreased by 20.7% year-over-year, from $29M to $23M.
What does business segments — direct selling costs mean?
These are the transaction-specific expenses incurred during the sale of properties, such as brokerage commissions, transfer taxes, and closing fees. Monitoring these costs helps evaluate the efficiency of the segment's transaction execution process.

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