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Opendoor Technologies Inc OPEN Business Segments — Fixed Operating Expense

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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:FixedOperatingExpense.

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
Holding costs(2)(12)(17)
Advertising and other marketing expense(3)(19)(24)
Operations(4)(12)(16)
Fixed operating expense(5)(33)(39)
CEO make-whole provision(6)(5)
Stock-based compensation(15)(14)
Stock-based compensation for market condition RSUs(105)
Interest expense(23)(33)

Item 1. Financial Statements.

FAQ

What is Opendoor Technologies Inc's business segments — fixed operating expense?
Opendoor Technologies Inc (OPEN) reported business segments — fixed operating expense of $33M in Q1 2026.
How has Opendoor Technologies Inc's business segments — fixed operating expense changed year-over-year?
Opendoor Technologies Inc's business segments — fixed operating expense decreased by 15.4% year-over-year, from $39M to $33M.
What does business segments — fixed operating expense mean?
This includes the overhead costs required to support the segment's operations, such as salaries for non-variable staff, office leases, and corporate infrastructure. It represents the baseline cost structure necessary to maintain the business segment's ongoing operations.

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