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10-K

Annual Report

Opendoor Technologies Inc. OPEN OPENL OPENW OPENZ

0001801169-26-000010

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Filed
Feb 19, 2026 12:00 AM ET
Period of report

On SEC.gov

Financials in this filing

Metric Period Value
Shares Outstanding FY 2025 · Feb 12, 2026 958.33M sh
Shares Diluted FY 2025 · Dec 31, 2025 766.53M sh
Shares Diluted FY 2025 · Dec 31, 2024 699.46M sh
Shares Diluted FY 2025 · Dec 31, 2023 657.11M sh
Capex FY 2025 · Dec 31, 2025 $12M
Capex FY 2025 · Dec 31, 2024 $25M
Capex FY 2025 · Dec 31, 2023 $37M
Operating Cash Flow FY 2025 · Dec 31, 2025 $1.05B
Operating Cash Flow FY 2025 · Dec 31, 2024 −$595M
Operating Cash Flow FY 2025 · Dec 31, 2023 $2.34B
Cash And Equivalents FY 2025 · Dec 31, 2025 $962M
Cash And Equivalents FY 2025 · Dec 31, 2024 $671M
Cash And Equivalents FY 2025 · Dec 31, 2023 $999M
Stockholders Equity FY 2025 · Dec 31, 2025 $1.01B
Stockholders Equity FY 2025 · Dec 31, 2024 $713M
Stockholders Equity FY 2025 · Dec 31, 2023 $967M
Stockholders Equity FY 2025 · Dec 31, 2022 $1.09B
Current Liabilities FY 2025 · Dec 31, 2025 $327M
Current Liabilities FY 2025 · Dec 31, 2024 $529M
Total Liabilities FY 2025 · Dec 31, 2025 $1.4B
Total Liabilities FY 2025 · Dec 31, 2024 $2.41B
Current Assets FY 2025 · Dec 31, 2025 $2.3B
Current Assets FY 2025 · Dec 31, 2024 $3B
Total Assets FY 2025 · Dec 31, 2025 $2.41B
Total Assets FY 2025 · Dec 31, 2024 $3.13B
Eps Diluted FY 2025 · Dec 31, 2025 −$1.70
Eps Diluted FY 2025 · Dec 31, 2024 −$0.56
Eps Diluted FY 2025 · Dec 31, 2023 −$0.42
Eps Basic FY 2025 · Dec 31, 2025 −$1.70
Eps Basic FY 2025 · Dec 31, 2024 −$0.56
Eps Basic FY 2025 · Dec 31, 2023 −$0.42
Sga Expense FY 2025 · Dec 31, 2025 $238M
Sga Expense FY 2025 · Dec 31, 2024 $182M
Sga Expense FY 2025 · Dec 31, 2023 $206M
Rd Expense FY 2025 · Dec 31, 2025 $79M
Rd Expense FY 2025 · Dec 31, 2024 $141M
Rd Expense FY 2025 · Dec 31, 2023 $167M
Net Income FY 2025 · Dec 31, 2025 −$1.3B
Net Income FY 2025 · Dec 31, 2024 −$392M
Net Income FY 2025 · Dec 31, 2023 −$275M
Operating Income FY 2025 · Dec 31, 2025 −$287M
Operating Income FY 2025 · Dec 31, 2024 −$320M
Operating Income FY 2025 · Dec 31, 2023 −$386M
Gross Profit FY 2025 · Dec 31, 2025 $350M
Gross Profit FY 2025 · Dec 31, 2024 $433M
Gross Profit FY 2025 · Dec 31, 2023 $487M
Cost Of Revenue FY 2025 · Dec 31, 2025 $4.02B
Cost Of Revenue FY 2025 · Dec 31, 2024 $4.72B
Cost Of Revenue FY 2025 · Dec 31, 2023 $6.46B
Revenue FY 2025 · Dec 31, 2025 $4.37B
Revenue FY 2025 · Dec 31, 2024 $5.15B
Revenue FY 2025 · Dec 31, 2023 $6.95B