Opendoor Technologies Inc OPEN Tempe, Arizona Office — Increase (Decrease) in Operating Lease Liability
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Where this comes from
Reported directly by Opendoor Technologies Inc in its filing.
Tagged under the XBRL concept us-gaap:IncreaseDecreaseInOperatingLeaseLiability.
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 — increase (decrease) in operating lease liability?
- Opendoor Technologies Inc (OPEN) reported tempe, arizona office — increase (decrease) in operating lease liability of -$7M in Q2 2025.
- What does tempe, arizona office — increase (decrease) in operating lease liability mean?
- Tracks the net change in the total operating lease liability for the Tempe, Arizona office, excluding cash payments. This metric captures adjustments due to lease remeasurements, modifications, or changes in the lease term. It is essential for understanding how the company's long-term contractual obligations for this specific office location are evolving.
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