Opendoor Technologies Inc
For the period ended Dec 31, 2024. Filed Feb 27, 2025.
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FY2024 · Filed Feb 27, 2025
OPEN$1.41+0.7%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Operations
(In millions, except share amounts which are presented in thousands, and per share amounts)
| Year Ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| REVENUE | $5,153 | $6,946 | $15,567 |
| COST OF REVENUE | 4,720 | 6,459 | 14,900 |
| GROSS PROFIT | 433 | 487 | 667 |
| OPERATING EXPENSES: | |||
| Sales, marketing and operations | 413 | 486 | 1,006 |
| General and administrative | 182 | 206 | 346 |
| Technology and development | 141 | 167 | 169 |
| Goodwill impairment | — | — | 60 |
| Restructuring | 17 | 14 | 17 |
| Total operating expenses | 753 | 873 | 1,598 |
| LOSS FROM OPERATIONS | (320) | (386) | (931) |
| (LOSS) GAIN ON EXTINGUISHMENT OF DEBT | (2) | 216 | (25) |
| INTEREST EXPENSE | (133) | (211) | (385) |
| OTHER INCOME (LOSS) – Net | 64 | 107 | (10) |
| LOSS BEFORE INCOME TAXES | (391) | (274) | (1,351) |
| INCOME TAX EXPENSE | (1) | (1) | (2) |
| NET LOSS | $(392) | $(275) | $(1,353) |
| Net loss per share attributable to common shareholders: | |||
| Basic | $(0.56) | $(0.42) | $(2.16) |
| Diluted | $(0.56) | $(0.42) | $(2.16) |
| Weighted-average shares outstanding: | |||
| Basic | 699,457 | 657,111 | 627,105 |
| Diluted | 699,457 | 657,111 | 627,105 |
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