Opendoor Technologies Inc (OPEN) Financial Statements (2024 and earlier)

Company Profile

Business Address 410 N. SCOTTSDALE ROAD, SUITE 1600
TEMPE, AZ 85288
State of Incorp.
Fiscal Year End December 31
Industry (SIC) 6531 - Real Estate Agents and Managers (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

3/31/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,0831,2922,2611,460
Cash and cash equivalents9991,1371,7311,413
Short-term investments8415553048
Restricted cash and investments54165484793
Inventory, net of allowances, customer advances and progress billings(27)(459)  
Inventory(27)(459)  
Other current assets52419125
Other undisclosed current assets1,7964,9386,141475
Total current assets:3,4456,4669,3402,053
Noncurrent Assets
Operating lease, right-of-use asset25414250
Property, plant and equipment66584529
Intangible assets, net (including goodwill)9167240
Goodwill446031
Intangible assets, net (excluding goodwill)512129
Other noncurrent assets222774
Total noncurrent assets:122142166122
TOTAL ASSETS:3,5676,6089,5062,176
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:6411013725
Interest and dividends payable121
Taxes payable241
Employee-related liabilities176
Accounts payable 2533
Accrued liabilities34476611
Other undisclosed accounts payable and accrued liabilities 2858154
Debt  1,3764,247346
Other undisclosed current liabilities6191622
Total current liabilities:701,5054,400393
Noncurrent Liabilities
Long-term debt and lease obligation2,5103,9792,858182
Long-term debt, excluding current maturities2,5103,9792,816135
Liabilities, other than long-term debt2038 0
Other liabilities1  0
Operating lease, liability19384247
Other undisclosed noncurrent liabilities   (42) 
Total noncurrent liabilities:2,5304,0172,858182
Total liabilities:2,6005,5227,258576
Equity
Equity, attributable to parent9671,0862,2481,600
Common stock    0
Additional paid in capital4,3014,1483,9552,677
Accumulated other comprehensive income (loss) (1)(4)(2)0
Accumulated deficit(3,333)(3,058)(1,705)(1,077)
Total equity:9671,0862,2481,600
TOTAL LIABILITIES AND EQUITY:3,5676,6089,5062,176

Income Statement (P&L) ($ in millions)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
Revenues6,94615,5678,0212,583
Cost of revenue(6,459)(14,900)(7,291)(2,363)
Gross profit:487667730220
Operating expenses(873)(1,598)(1,298)(406)
Operating loss:(386)(931)(568)(186)
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
107(10)384
Interest and debt expense5(410)(143)(79)
Loss from continuing operations before equity method investments, income taxes:(274)(1,351)(673)(261)
Other undisclosed income (loss) from continuing operations before income taxes   12(26)
Loss from continuing operations before income taxes:(274)(1,351)(661)(287)
Income tax expense(1)(2)(1)(0)
Loss from continuing operations:(275)(1,353)(662)(287)
Loss before gain (loss) on sale of properties:(662)(287)
Net loss:(275)(1,353)(662)(287)
Other undisclosed net income attributable to parent    
Net loss available to common stockholders, diluted:(275)(1,353)(662)(287)

Comprehensive Income ($ in millions)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
Net loss:(275)(1,353)(662)(287)
Other comprehensive income (loss) (2)(2)0
Other undisclosed comprehensive loss    
Comprehensive loss:(275)(1,355)(664)(287)
Other undisclosed comprehensive income, net of tax, attributable to parent3   
Comprehensive loss, net of tax, attributable to parent:(272)(1,355)(664)(287)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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