Opendoor Technologies Inc

For the period ended Dec 31, 2024. Filed Feb 27, 2025.

About 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.

FY2024 · Filed Feb 27, 2025

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 exhibits

Contents

Item 8. Consolidated Statements of Cash Flows

	Year Ended December 31,
	2024	2023	2022
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$(392)	$(275)	$(1,353)
Adjustments to reconcile net loss to cash, cash equivalents, and restricted cash (used in) provided by operating activities:
Depreciation and amortization	48	65	83
Amortization of right of use asset	5	7	7
Stock-based compensation	114	126	171
Inventory valuation adjustment	57	65	737
Goodwill impairment	—	—	60
Changes in fair value of equity securities	7	1	35
Other	7	13	(1)
Origination of mortgage loans held for sale	—	—	(118)
Proceeds from sale and principal collections of mortgage loans held for sale	—	1	128
Loss (gain) on early extinguishment of debt	2	(216)	25
Gain on deconsolidation, net	(14)	—	—
Changes in operating assets and liabilities:
Escrow receivable	3	21	54
Real estate inventory	(449)	2,613	896
Other assets	(10)	(19)	37
Accounts payable and other accrued liabilities	31	(38)	(25)
Interest payable	2	(10)	2
Lease liabilities	(6)	(10)	(8)
Net cash (used in) provided by operating activities	(595)	2,344	730
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of property and equipment	(25)	(37)	(37)
Purchase of marketable securities	—	—	(28)
Proceeds from sales, maturities, redemptions and paydowns of marketable securities	55	80	328
Purchase of non-marketable equity securities	—	—	(25)
Proceeds from sale of non-marketable equity securities	—	1	3
Capital returns from non-marketable equity securities	—	—	3
Acquisitions, net of cash acquired	—	—	(10)
Cash impact of deconsolidation of subsidiaries	(2)	—	—
Net cash provided by investing activities	28	44	234
CASH FLOWS FROM FINANCING ACTIVITIES:
Repurchase of convertible senior notes	—	(362)	—
Settlement of capped calls related to convertible senior notes	2	—	—
Proceeds from exercise of stock options	—	3	4
Proceeds from issuance of common stock for ESPP	5	2	2
Proceeds from non-recourse asset-backed debt	498	238	10,108
Principal payments on non-recourse asset-backed debt	(715)	(2,515)	(11,822)
Proceeds from other secured borrowings	—	—	114
Principal payments on other secured borrowings	—	—	(121)
Payment of loan origination fees and debt issuance costs	—	(1)	(26)
Payment for early extinguishment of debt	—	(4)	(10)
Net cash used in financing activities	(210)	(2,639)	(1,751)
NET DECREASE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH	(777)	(251)	(787)
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH – Beginning of year	1,540	1,791	2,578
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH – End of year	$763	$1,540	$1,791
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION – Cash paid during the period for interest	$121	$203	$355
DISCLOSURES OF NONCASH INVESTING AND FINANCING ACTIVITIES:
Stock-based compensation expense capitalized for internally developed software	$15	$23	$16
Investment in non-marketable equity securities due to deconsolidation	$39	$—	$—

RECONCILIATION TO CONSOLIDATED BALANCE SHEETS:
Cash and cash equivalents	$671	$999	$1,137
Restricted cash	92	541	654
Cash, cash equivalents, and restricted cash	$763	$1,540	$1,791

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.