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Opendoor Technologies Inc OPEN Inventory write-downs

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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$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 us-gaap:InventoryWriteDown.

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 inventory write-downs?
Opendoor Technologies Inc (OPEN) reported inventory write-downs of $9M in Q1 2026.
How has Opendoor Technologies Inc's inventory write-downs changed year-over-year?
Opendoor Technologies Inc's inventory write-downs decreased by 30.8% year-over-year, from $13M to $9M.
What is the long-term trend for Opendoor Technologies Inc's inventory write-downs?
Over 4 years (2021 to 2025), Opendoor Technologies Inc's inventory write-downs has grown at a 0.4% compound annual growth rate (CAGR), from $56M to $57M.
What does inventory write-downs mean?
Represents the non-cash charge taken to reduce the carrying value of inventory when its market value falls below its cost. This metric reflects the company's exposure to real estate market volatility and the accuracy of its initial property acquisition pricing models.