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Other financials

Income statement

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Revenue$720.0M-37.6%
Gross profit$72.0M-27.3%
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 us-gaap:OperatingIncomeLoss.

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
Technology and development2421
Restructuring3
Total operating expenses231155
LOSS FROM OPERATIONS(159)(56)
LOSS ON EXTINGUISHMENT OF DEBT(1)
INTEREST EXPENSE(23)(33)
OTHER INCOME – Net104
LOSS BEFORE INCOME TAXES(173)(85)

Item 1. Financial Statements.

FAQ

What is Opendoor Technologies Inc's operating income?
Opendoor Technologies Inc (OPEN) reported operating income of -$159M in Q1 2026.
How has Opendoor Technologies Inc's operating income changed year-over-year?
Opendoor Technologies Inc's operating income decreased by 183.9% year-over-year, from -$56M to -$159M.
What is the long-term trend for Opendoor Technologies Inc's operating income?
Over 4 years (2021 to 2025), Opendoor Technologies Inc's operating income has grown at a -15.7% compound annual growth rate (CAGR), from -$568M to -$287M.
What does operating income mean?
Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.

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