Opendoor Technologies Inc OPEN Tempe, Arizona Office — Gain (Loss) on Termination of Lease
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Where this comes from
Reported directly by Opendoor Technologies Inc in its filing.
Tagged under the XBRL concept us-gaap:GainLossOnTerminationOfLease.
The source filing: Opendoor Technologies Inc’s 10-K, filed February 19, 2026.
- Filed
- Feb 19, 2026, 4:25 PM EST
- Fiscal year
- FY2025
- Accession
- 0001801169-26-000010
In May 2025, the Company amended its Tempe, Arizona office lease to terminate the Company’s obligation with respect to a portion of the leased premises (“Partial Lease Termination”). The Partial Lease Termination resulted in a decrease of undiscounted, future lease payments of $10 million. The Company recognized a loss of $1 million, as a result of the reduction of right-of-use assets by $8 million and lease liabilities by $7 million, and an additional $2 million in other associated costs, both of which are recognized within Restructuring on the consolidated statements of operations. See “Note 20 — Restructuring” for further discussion. There were no other material lease modifications for the year ended December 31, 2025.
Item 8. FINANCIAL STATEMENTS
FAQ
- What is Opendoor Technologies Inc's tempe, arizona office — gain (loss) on termination of lease?
- Opendoor Technologies Inc (OPEN) reported tempe, arizona office — gain (loss) on termination of lease of -$1M in Q2 2025.
- What does tempe, arizona office — gain (loss) on termination of lease mean?
- Reflects the financial impact resulting from the early cancellation or modification of lease agreements for the Tempe, Arizona office. A gain indicates that the carrying value of the lease liability exceeded the settlement amount, while a loss indicates the opposite. This metric highlights the efficiency of real estate portfolio management and the cost-effectiveness of exiting specific office locations.
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