Opendoor Technologies Inc
For the period ended Dec 31, 2023. Filed Feb 15, 2024.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Feb 15, 2024
OPEN$1.31-7.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Operations
(In millions, except share amounts which are presented in thousands, and per share amounts)
| Year Ended December 31, | |||
|---|---|---|---|
| 2023 | 2022 | 2021 | |
| REVENUE | $6,946 | $15,567 | $8,021 |
| COST OF REVENUE | 6,459 | 14,900 | 7,291 |
| GROSS PROFIT | 487 | 667 | 730 |
| OPERATING EXPENSES: | |||
| Sales, marketing and operations | 486 | 1,006 | 544 |
| General and administrative | 206 | 346 | 620 |
| Technology and development | 167 | 169 | 134 |
| Goodwill impairment | — | 60 | — |
| Restructuring | 14 | 17 | — |
| Total operating expenses | 873 | 1,598 | 1,298 |
| LOSS FROM OPERATIONS | (386) | (931) | (568) |
| WARRANT FAIR VALUE ADJUSTMENT | — | — | 12 |
| GAIN (LOSS) ON EXTINGUISHMENT OF DEBT | 216 | (25) | — |
| INTEREST EXPENSE | (211) | (385) | (143) |
| OTHER INCOME (LOSS) – Net | 107 | (10) | 38 |
| LOSS BEFORE INCOME TAXES | (274) | (1,351) | (661) |
| INCOME TAX EXPENSE | (1) | (2) | (1) |
| NET LOSS | $(275) | $(1,353) | $(662) |
| Net loss per share attributable to common shareholders: | |||
| Basic | $(0.42) | $(2.16) | $(1.12) |
| Diluted | $(0.42) | $(2.16) | $(1.12) |
| Weighted-average shares outstanding: | |||
| Basic | 657,111 | 627,105 | 592,574 |
| Diluted | 657,111 | 627,105 | 592,574 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.