Opendoor Technologies Inc
For the period ended Jun 30, 2024. Filed Aug 1, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Aug 1, 2024
OPEN$1.31-7.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Operations
(In millions, except share amounts which are presented in thousands, and per share amounts)
| Three Months EndedJune 30, | Six Months EndedJune 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| REVENUE | $1,511 | $1,976 | $2,692 | $5,096 |
| COST OF REVENUE | 1,382 | 1,827 | 2,449 | 4,777 |
| GROSS PROFIT | 129 | 149 | 243 | 319 |
| OPERATING EXPENSES: | ||||
| Sales, marketing and operations | 116 | 124 | 229 | 312 |
| General and administrative | 48 | 44 | 95 | 110 |
| Technology and development | 37 | 39 | 78 | 79 |
| Restructuring | — | 10 | — | 10 |
| Total operating expenses | 201 | 217 | 402 | 511 |
| LOSS FROM OPERATIONS | (72) | (68) | (159) | (192) |
| (LOSS) GAIN ON EXTINGUISHMENT OF DEBT | (1) | 104 | (1) | 182 |
| INTEREST EXPENSE | (30) | (53) | (67) | (127) |
| OTHER INCOME – Net | 12 | 41 | 27 | 60 |
| (LOSS) INCOME BEFORE INCOME TAXES | (91) | 24 | (200) | (77) |
| INCOME TAX EXPENSE | (1) | (1) | (1) | (1) |
| NET (LOSS) INCOME | $(92) | $23 | $(201) | $(78) |
| Net (loss) income per share attributable to common shareholders: | ||||
| Basic | $(0.13) | $0.04 | $(0.29) | $(0.12) |
| Diluted | $(0.13) | $0.03 | $(0.29) | $(0.12) |
| Weighted-average shares outstanding: | ||||
| Basic | 693,445 | 646,062 | 687,951 | 646,750 |
| Diluted | 693,445 | 667,159 | 687,951 | 646,750 |
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