Opendoor Technologies Inc.
For the period ended Jun 30, 2026. Filed Aug 4, 2026.
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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, 2026 · Filed Aug 4, 2026
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 Cash Flows
(In millions)
| Six Months EndedJune 30, | ||
|---|---|---|
| 2026 | 2025 | |
| CASH FLOWS FROM OPERATING ACTIVITIES: | ||
| Net loss | $(335) | $(114) |
| Adjustments to reconcile net loss to cash, cash equivalents, and restricted cash (used in) provided by operating activities: | ||
| Depreciation and amortization | 16 | 22 |
| Amortization of right of use asset | 1 | 1 |
| Stock-based compensation | 239 | 27 |
| Inventory valuation adjustment | 23 | 34 |
| Changes in fair value of equity securities | — | 3 |
| Loss (gain) on extinguishment of debt | 1 | (10) |
| Other | 5 | 4 |
| Origination of mortgage loans held for sale | (5) | — |
| Proceeds from sale and principal collections of mortgage loans held for sale | 5 | — |
| Changes in operating assets and liabilities: | ||
| Escrow receivable | (9) | (4) |
| Real estate inventory | (932) | 593 |
| Other assets | 37 | (11) |
| Accounts payable and other accrued liabilities | (11) | (2) |
| Interest payable | 2 | 2 |
| Lease liabilities | (1) | (1) |
| Net cash (used in) provided by operating activities | (964) | 544 |
| CASH FLOWS FROM INVESTING ACTIVITIES: | ||
| Purchase of property and equipment | (9) | (6) |
| Proceeds from sales, maturities, redemptions and paydowns of marketable securities | — | 6 |
| Purchase of non-marketable equity securities | (5) | — |
| Net cash (used in) provided by investing activities | (14) | — |
| CASH FLOWS FROM FINANCING ACTIVITIES: | ||
| Proceeds from issuance of convertible senior notes, net of discount | — | 75 |
| Proceeds from issuance of common stock for ESPP | 1 | 1 |
| Proceeds from non-recourse asset-backed debt | 781 | 671 |
| Principal payments on non-recourse asset-backed debt | (143) | (853) |
| Payment of loan origination fees and debt issuance costs | — | (16) |
| Net cash provided by (used in) financing activities | 639 | (122) |
| NET (DECREASE) INCREASE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH | (339) | 422 |
| CASH, CASH EQUIVALENTS, AND RESTRICTED CASH – Beginning of period | 1,301 | 763 |
| CASH, CASH EQUIVALENTS, AND RESTRICTED CASH – End of period | $962 | $1,185 |
| SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION – Cash paid during the period for interest | $46 | $62 |
| DISCLOSURES OF NONCASH INVESTING AND FINANCING ACTIVITIES: | ||
| Stock-based compensation expense capitalized for internally developed software | $5 | $2 |
| Principal value of 2026 Notes extinguished in Debt Exchange | $— | $(246) |
| Principal value of 2030 Notes issued in Debt Exchange | $— | $246 |
| RECONCILIATION TO CONDENSED CONSOLIDATED BALANCE SHEETS: | ||
| Cash and cash equivalents | $896 | $789 |
| Restricted cash | 66 | 396 |
| Cash, cash equivalents, and restricted cash | $962 | $1,185 |
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