What does business segments — variable operations expense mean?

These are operational costs that fluctuate in direct proportion to the volume of transactions or properties processed by the segment. Tracking these expenses provides insight into the scalability of the company's operational model.

Opendoor Technologies Inc OPEN Business Segments — Variable Operations Expense

Similar metrics at other companies

FPSReportable Segment — Operating Expenses

$91.86M+101%

GBTGReportable Segment — Operating Expenses

$691M+44.0%

PCVXReportable Segment — Operating Expenses

$345.85M+91.3%

SOReportable Segment — Operational expenses

$64M+12.3%

ANDGReportable Segment — Operating Expenses

$216.67M+39.4%

BTGOReportable Segment — Operating Expenses

$3.79B+114%

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$4.05B+508%

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:VariableOperationsExpense.

The official record: Opendoor Technologies Inc’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Opendoor Technologies Inc's business segments — variable operations expense?: Opendoor Technologies Inc (OPEN) reported business segments — variable operations expense of $12M in Q1 2026.
How has Opendoor Technologies Inc's business segments — variable operations expense changed year-over-year?: Opendoor Technologies Inc's business segments — variable operations expense decreased by 25.0% year-over-year, from $16M to $12M.
What does business segments — variable operations expense mean?: These are operational costs that fluctuate in direct proportion to the volume of transactions or properties processed by the segment. Tracking these expenses provides insight into the scalability of the company's operational model.