Opendoor Technologies Inc. (OPEN) Financials

NASDAQ:OPEN

Market Cap

2.10B

Total Revenue

15.57B

Gross Profit

667.00M

Operating Income

-854.00M

Net Income

-1.35B

Metric	2018	2019	2020	2021	2022
revenue	1,838,066,000	4,741,000,000	2,583,121,000	8,021,000,000	15,567,000,000
costOfRevenue	1,704,638,000	4,440,000,000	2,363,324,000	7,291,000,000	14,900,000,000
grossProfit	133,428,000	301,000,000	219,797,000	730,000,000	667,000,000
researchAndDevelopmentExpenses	28,458,000	51,000,000	58,172,000	134,000,000	169,000,000
sellingAndMarketingExpenses	196,292,000	384,000,000	194,721,000	544,000,000	1,006,000,000
generalAndAdministrativeExpenses	72,350,000	114,000,000	152,769,000	620,000,000	346,000,000
sellingGeneralAndAdministrativeExpenses	268,642,000	498,000,000	347,490,000	1,164,000,000	1,352,000,000
operatingExpenses	297,100,000	549,000,000	405,662,000	1,298,000,000	1,521,000,000
operatingIncome	-163,672,000	-248,000,000	-185,865,000	-568,000,000	-854,000,000
totalOtherIncomeExpensesNet	-15,424,000	-91,000,000	-100,832,000	-93,000,000	-497,000,000
ebitda	-148,293,000	-196,000,000	-119,246,000	-475,000,000	-774,000,000
depreciationAndAmortization	12,781,000	52,000,000	66,619,000	93,000,000	80,000,000
interestIncome	--	--	--	--	--
interestExpense	60,456,000	110,000,000	67,806,000	143,000,000	385,000,000
incomeBeforeTax	-239,552,000	-339,000,000	-286,697,000	-661,000,000	-1,351,000,000
incomeTaxExpense	377,000	125,000,000	63,000	1,000,000	2,000,000
netIncome	-241,291,000	-464,000,000	-286,760,000	-662,000,000	-1,353,000,000
eps	-0.44	-0.85	-2.62	-1.12	-2.16
epsdiluted	-0.44	-0.85	-2.62	-1.12	-2.16
weightedAverageShsOut	544,422,565	544,422,565	109,301,000	592,574,000	627,105,000
weightedAverageShsOutDil	544,422,565	544,422,565	109,301,000	592,574,000	627,105,000
costAndExpenses	2,001,738,000	4,989,000,000	2,768,986,000	8,589,000,000	16,421,000,000
otherExpenses	2,598,000	13,000,000	4,271,000	38,000,000	-10,000,000

Key Facts

Industry

Real Estate Services

Sector

Real Estate

Headquarters

Tempe, AZ, US

Website

opendoor.com

CEO

Ms. Carrie A. Wheeler

Employees

2570

About the Company

Opendoor Technologies Inc. operates a digital platform for residential real estate in the United States. The company's platform enables consumers to buy and sell a home online. It also provides title insurance and escrow services. Opendoor Technologies Inc. was incorporated in 2013 and is based in Tempe, Arizona.