Opendoor Technologies Inc.
For the period ended Sep 30, 2026. Filed Nov 5, 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.
Sep 30, 2026 · Filed Nov 5, 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
| Nine Months EndedSeptember 30, | ||
|---|---|---|
| 2026 | 2025 | |
| CASH FLOWS FROM OPERATING ACTIVITIES: | ||
| Net loss | $(553) | $(204) |
| Adjustments to reconcile net loss to cash, cash equivalents, and restricted cash (used in) provided by operating activities: | ||
| Depreciation and amortization | 24 | 33 |
| Amortization of right of use asset | 2 | 2 |
| Stock-based compensation | 347 | 54 |
| Inventory valuation adjustment | 76 | 48 |
| Changes in fair value of equity securities | — | 3 |
| Loss (gain) on extinguishment of debt | 1 | (9) |
| Other | 5 | 7 |
| Origination of mortgage loans held for sale | (24) | — |
| Proceeds from sale and principal collections of mortgage loans held for sale | 23 | — |
| Changes in operating assets and liabilities: | ||
| Escrow receivable | (10) | (3) |
| Real estate inventory | (1,703) | 1,054 |
| Other assets | 38 | (15) |
| Accounts payable and other accrued liabilities | (26) | 4 |
| Interest payable | 5 | 6 |
| Lease liabilities | (1) | (1) |
| Net cash (used in) provided by operating activities | (1,796) | 979 |
| CASH FLOWS FROM INVESTING ACTIVITIES: | ||
| Purchase of property and equipment | (13) | (9) |
| Proceeds from sales, maturities, redemptions and paydowns of marketable securities | — | 6 |
| Purchase of non-marketable equity securities | (5) | (6) |
| Acquisitions, net of cash acquired | (10) | — |
| Net cash used in investing activities | (28) | (9) |
| CASH FLOWS FROM FINANCING ACTIVITIES: | ||
| Proceeds from issuance of convertible senior notes, net of discount | 650 | 75 |
| Repayment of convertible senior notes | (135) | — |
| Purchase of capped calls related to the convertible senior notes | (53) | — |
| Settlement of capped calls related to the convertible senior notes | — | 1 |
| Proceeds from exercise of stock options | 1 | 4 |
| Proceeds from issuance of common stock for ESPP | 1 | 2 |
| Proceeds from PIPE offering | — | 41 |
| Proceeds from the issuance of common stock under at-the-market offering, net | — | 198 |
| Proceeds from asset-backed debt | 1,766 | 684 |
| Principal payments on asset-backed debt | (526) | (1,268) |
| Payment of loan origination fees and debt issuance costs | (12) | (16) |
| Repurchase and retirement of common stock | (161) | — |
| Other financing activities | — | (2) |
| Net cash provided by (used in) financing activities | 1,531 | (281) |
| NET (DECREASE) INCREASE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH | (293) | 689 |
| CASH, CASH EQUIVALENTS, AND RESTRICTED CASH – Beginning of period | 1,301 | 763 |
| CASH, CASH EQUIVALENTS, AND RESTRICTED CASH – End of period | $1,008 | $1,452 |
| SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION – Cash paid during the period for interest | $80 | $88 |
| DISCLOSURES OF NONCASH INVESTING AND FINANCING ACTIVITIES: | ||
| Stock-based compensation expense capitalized for internally developed software | $6 | $3 |
| Principal value of 2026 Notes extinguished in Debt Exchange | $— | $(246) |
| Principal value of 2030-A Notes issued in Debt Exchange | $— | $246 |
| Investment in non-marketable equity securities of deconsolidated entities | $— | $3 |
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
| RECONCILIATION TO CONDENSED CONSOLIDATED BALANCE SHEETS: | ||
|---|---|---|
| Cash and cash equivalents | $910 | $962 |
| Restricted cash | 98 | 490 |
| Cash, cash equivalents, and restricted cash | $1,008 | $1,452 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.