Opendoor Technologies Inc.
For the period ended Dec 31, 2025. Filed Feb 19, 2026.
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FY2025 · Filed Feb 19, 2026
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, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| REVENUE | $4,371 | $5,153 | $6,946 |
| COST OF REVENUE | 4,021 | 4,720 | 6,459 |
| GROSS PROFIT | 350 | 433 | 487 |
| OPERATING EXPENSES: | |||
| Sales, marketing and operations | 310 | 413 | 486 |
| General and administrative | 238 | 182 | 206 |
| Technology and development | 79 | 141 | 167 |
| Restructuring | 10 | 17 | 14 |
| Total operating expenses | 637 | 753 | 873 |
| LOSS FROM OPERATIONS | (287) | (320) | (386) |
| (LOSS) GAIN ON EXTINGUISHMENT OF DEBT | (924) | (2) | 216 |
| INTEREST EXPENSE | (131) | (133) | (211) |
| OTHER INCOME – Net | 42 | 64 | 107 |
| LOSS BEFORE INCOME TAXES | (1,300) | (391) | (274) |
| INCOME TAX EXPENSE | — | (1) | (1) |
| NET LOSS | $(1,300) | $(392) | $(275) |
| Net loss per share attributable to common shareholders: | |||
| Basic | $(1.70) | $(0.56) | $(0.42) |
| Diluted | $(1.70) | $(0.56) | $(0.42) |
| Weighted-average shares outstanding: | |||
| Basic | 766,531 | 699,457 | 657,111 |
| Diluted | 766,531 | 699,457 | 657,111 |
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