8 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 11.1% per year over the past 5 years.
Operating margin has been roughly flat, at -6.6% in the latest year.
Free cash flow has grown 9.3% per year over the past 5 years.
Financial health
Operating income covered interest expense -2.2× in the latest year.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
2025
$4.4B
-$1.3B
8.0%
-6.6%
$1.0B
—
$962M
2024
$5.2B
-$392M
8.4%
-6.2%
-$620M
—
$671M
2023
$6.9B
-$275M
7.0%
-5.6%
$2.3B
—
$999M
2022
$15.6B
-$1.4B
4.3%
-6.0%
$693M
—
$1.1B
2021
$8.0B
-$662M
9.1%
-7.1%
-$5.8B
—
$1.7B
2020
$2.6B
-$253M
8.5%
-7.2%
$665M
$135M
$1.4B
2019
$4.7B
-$341M
6.3%
-5.2%
-$300M
—
$405M
2018
$1.8B
-$241M
7.3%
-8.9%
-$1.2B
—
$262M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
Mar '26
$720M
-$173M
10.0%
-22.1%
-$250M
—
$999M
Dec '25
$736M
-$1.1B
7.7%
-20.4%
$67M
—
$962M
Sep '25
$915M
-$90M
7.2%
-7.4%
$432M
—
$962M
Jun '25
$1.6B
-$29M
8.2%
-0.8%
$821M
—
$789M
Mar '25
$1.2B
-$85M
8.6%
-4.9%
-$283M
—
$559M
Dec '24
$1.1B
-$113M
7.8%
-8.7%
-$83M
—
$671M
Sep '24
$1.4B
-$78M
7.6%
-4.9%
$56M
—
$829M
Jun '24
$1.5B
-$92M
8.5%
-4.8%
-$407M
—
$790M
Mar '24
$1.2B
-$109M
9.7%
-7.4%
-$186M
—
$953M
Dec '23
$870M
-$91M
8.3%
-13.2%
-$551M
—
$999M
Sep '23
$980M
-$106M
9.8%
-8.1%
-$227M
—
$1.2B
Jun '23
$2.0B
$23M
7.5%
-3.4%
$931M
—
$1.1B
Mar '23
$3.1B
-$101M
5.4%
-4.0%
$2.2B
—
$1.1B
Dec '22
$2.9B
-$399M
2.5%
-9.5%
$1.4B
—
$1.1B
Sep '22
$3.4B
-$928M
-12.6%
-24.1%
-$335M
—
$1.3B
Jun '22
$4.2B
-$54M
11.6%
0.8%
-$1.9B
—
$2.2B
Mar '22
$5.2B
$28M
10.4%
2.3%
$1.5B
—
$2.3B
Dec '21
$3.8B
-$191M
7.1%
-2.7%
$100M
—
$1.7B
Sep '21
$2.3B
-$57M
8.9%
-3.0%
-$3.6B
—
$1.4B
Jun '21
$1.2B
—
13.4%
-12.8%
-$1.9B
$446M
$1.6B
Valuation over time
How the market has priced OPEN against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-sales ratio has risen from 0.1× (Mar '23) to 1.0× (Jun '26).
Price / sales (P/S)
P/S
Frequently asked questions
Is OPEN growing its revenue and profit?
Over the past 5 years, Opendoor Technologies Inc.'s revenue has grown 11.1% per year. These are computed facts, not advice.
How much debt does OPEN have?
As of FY2025, Opendoor Technologies Inc. reported — of total debt against $962M of cash; operating income covered interest expense -2.2×.
What is OPEN's profit margin?
In FY2025, gross margin was 8.0%, operating margin -6.6%, and net margin -29.7%.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.