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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$3.35B+99.1%
Enterprise value$2.48B+381%
P/S0.9×+0.5×

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:ResearchAndDevelopmentExpense.

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
OPERATING EXPENSES:
Sales, marketing and operations7098
General and administrative13733
Technology and development2421
Restructuring3
Total operating expenses231155
LOSS FROM OPERATIONS(159)(56)
LOSS ON EXTINGUISHMENT OF DEBT(1)

Item 1. Financial Statements.

FAQ

What is Opendoor Technologies Inc's R&D?
Opendoor Technologies Inc (OPEN) reported R&D of $24M in Q1 2026.
How has Opendoor Technologies Inc's R&D changed year-over-year?
Opendoor Technologies Inc's R&D increased by 14.3% year-over-year, from $21M to $24M.
What is the long-term trend for Opendoor Technologies Inc's R&D?
Over 4 years (2021 to 2025), Opendoor Technologies Inc's R&D has grown at a -12.4% compound annual growth rate (CAGR), from $134M to $79M.
What does R&D mean?
Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.

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