How does Opendoor Technologies (OPEN) make money?

Opendoor Technologies (OPEN) generates revenue primarily from Reportable Segment, which accounted for 100% of total revenue in TTM through Q1 2026. The company reported $3.94B in revenue and converted -35.2% of it into net profit, equivalent to roughly −$1.39B in net income — what's left after the cost of revenue, operating expenses, interest, and income taxes.

What is the gross profit margin of Opendoor Technologies (OPEN)?

Opendoor Technologies (OPEN) reported a gross profit margin of 7.9% in TTM through Q1 2026, equivalent to $312.00M in gross profit on $3.94B in revenue. Gross margin measures how much of each dollar of revenue remains after the direct cost of producing or delivering the product — a higher figure typically signals pricing power, scale, or a less capital-intensive business model.

What is the operating profit margin of Opendoor Technologies (OPEN)?

Opendoor Technologies (OPEN) reported an operating profit margin of -9.9% in TTM through Q1 2026, equivalent to −$391.00M in operating income. Operating margin captures profitability after research & development, sales & marketing, and general & administrative expenses — but before interest, taxes, and one-off items — and is the cleanest single read on the underlying business's efficiency.

What is the net profit margin of Opendoor Technologies (OPEN)?

Opendoor Technologies (OPEN) reported a net profit margin of -35.2% in TTM through Q1 2026, equivalent to −$1.39B in net income. Net margin is the bottom-line share of revenue that survives every expense — operating costs, interest, and income taxes — and is the figure that flows directly into earnings per share.

Is Opendoor Technologies (OPEN) profitable?

Opendoor Technologies (OPEN) reported a net loss of $1.39B for TTM through Q1 2026, a net profit margin of -35.2%. Combined operating expenses, interest, and income taxes exceeded revenue, so the period closed in the red on a reported basis.

How much does Opendoor Technologies (OPEN) invest in research and development?

Opendoor Technologies (OPEN) invested $82.00M in research and development during TTM through Q1 2026, roughly 2.1% of total revenue. R&D spending funds the company's future product pipeline and is expensed in full on the income statement rather than capitalised, which makes the operating margin sensitive to how aggressively management chooses to reinvest in innovation.

How much does Opendoor Technologies (OPEN) spend on capital expenditures?

Opendoor Technologies (OPEN) spent $12.00M on capital expenditures (CapEx) during TTM through Q1 2026, roughly 0.3% of total revenue. CapEx represents long-lived investment in property, equipment, data centres, and other physical infrastructure, and is subtracted from operating cash flow to arrive at free cash flow.

How much free cash flow does Opendoor Technologies (OPEN) generate?

Opendoor Technologies (OPEN) generated $1.07B in free cash flow during TTM through Q1 2026, a free-cash-flow margin of 27.2%. Free cash flow is the cash left after capital expenditures and represents the discretionary pool the company can use to pay dividends, repurchase shares, repay debt, or fund acquisitions without raising external capital.