Opendoor Technologies Inc OPEN Restructuring Reserve
Restructuring Reserve at other companies
Other financials
Where this comes from
Reported directly by Opendoor Technologies Inc in its filing.
Tagged under the XBRL concept us-gaap:RestructuringReserve.
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
During the three months ended March 31, 2025, the Company recognized $3 million of restructuring expenses related to post-employment benefits for approximately 65 employees, as well as other cost reduction efforts. Payments for restructuring costs incurred during the three months ended March 31, 2025 were substantially completed by the third quarter of 2025, and the Company has not subsequently initiated any new restructuring activities. As of March 31, 2026 and December 31, 2025, the restructuring liability balance was $1 million and $1 million, respectively, related to the early termination of leases that occurred subsequent to March 31, 2025.
Item 1. Financial Statements.
FAQ
- What is Opendoor Technologies Inc's restructuring reserve?
- Opendoor Technologies Inc (OPEN) reported restructuring reserve of $1M in Q1 2026.
- How has Opendoor Technologies Inc's restructuring reserve changed year-over-year?
- Opendoor Technologies Inc's restructuring reserve decreased by 75.0% year-over-year, from $4M to $1M.
- What is the long-term trend for Opendoor Technologies Inc's restructuring reserve?
- Over 3 years (2022 to 2025), Opendoor Technologies Inc's restructuring reserve has grown at a -37.0% compound annual growth rate (CAGR), from $4M to $1M.
- What does restructuring reserve mean?
- This represents the estimated liability for costs associated with formal restructuring plans, such as severance, facility closures, or asset impairments. It reflects management's commitment to operational efficiency and strategic realignment. These reserves are drawn down as the restructuring activities are executed.
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