How Opendoor Technologies (OPEN) Makes Money: A Visual Guide
Opendoor Technologies (OPEN) generated $3.94B in revenue but reported a net loss of $1.39B. Its largest revenue source is Reportable Segment (100% of revenue). Below is an interactive breakdown of how revenue flows through the income statement.
Opendoor Technologies (OPEN) Income Statement Flow — TTM through Q1 2026
Calculated from the four most recent reported quarters, ending .
Frequently asked questions
How does Opendoor Technologies (OPEN) make money?
Opendoor Technologies (OPEN) primarily makes money through Reportable Segment, which accounts for 100% of total revenue. For TTM through Q1 2026, Opendoor Technologies generated $3.94B in total revenue with a net profit margin of -35.2%.
What is Opendoor Technologies (OPEN) gross profit margin?
Opendoor Technologies (OPEN) reported a gross profit margin of 7.9% for TTM through Q1 2026, equivalent to $312.00M in gross profit. This means Opendoor Technologies retains 7.9% of each revenue unit after direct costs of production.
What is Opendoor Technologies (OPEN) operating profit margin?
Opendoor Technologies (OPEN) reported an operating profit margin of -9.9% for TTM through Q1 2026, equivalent to −$391.00M in operating profit. This reflects profitability after operating expenses such as R&D, sales, and administration, but before taxes and non-operating items.
What is Opendoor Technologies (OPEN) net profit margin?
Opendoor Technologies (OPEN) reported a net profit margin of -35.2% for TTM through Q1 2026, equivalent to −$1.39B in net profit. This is the share of revenue that remains as profit after all expenses, taxes, and non-operating items.
How much does Opendoor Technologies (OPEN) invest in R&D?
Opendoor Technologies (OPEN) invested $82.00M in research and development in TTM through Q1 2026 (2.1% of total revenue). R&D spending reflects investment in future products, services, and technologies.
How much does Opendoor Technologies (OPEN) spend on capital expenditures?
Opendoor Technologies (OPEN) spent $12.00M on capital expenditures in TTM through Q1 2026 (0.3% of total revenue). Capital expenditures represent investments in physical assets such as property, equipment, and infrastructure.
What is Opendoor Technologies (OPEN) free cash flow?
Opendoor Technologies (OPEN) generated $1.07B in free cash flow for TTM through Q1 2026 (27.2% of total revenue). Free cash flow is the cash remaining after capital expenditures and represents the company's ability to fund growth, pay dividends, or reduce debt.
Data & methodology
What is a Sankey diagram?
A Sankey diagram shows how money flows through a company from revenue to net profit. The width of each flow represents its proportion.
How is the data calculated?
We use the income statement from company filings. For TTM (Trailing Twelve Months), we use a pre-aggregated twelve-month view aligned with our latest four quarterly periods. Revenue flows to cost of revenue and gross profit, then to operating expenses (R&D, S&M, G&A) and operating profit.
Where do segment and geographic numbers come from?
Product-segment shares come from the same TTM income statement that powers the Sankey chart. Geographic splits are first rebuilt from the four most recent quarterly geographic-segmentation filings so they align with the same TTM window; if quarterly geo data is missing, we fall back to the latest annual disclosure (the table heading shows which one is in use).
When was this data last updated?
Based on company filings through TTM through Q1 2026.
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