$OPEN
Opendoor Technologies Inc. Stock $open

$open Overview Financials Valuation SEC Filings Company Website

2024 Q2 Form 10-Q Financial Statement

#000180116924000085 Filed on May 02, 2024

Income Statement

Concept	2024 Q2	2024 Q1
Revenue	$1.511B	$1.181B
YoY Change	-23.53%	-62.15%
Cost Of Revenue	$1.382B	$1.067B
YoY Change	-24.36%	-63.83%
Gross Profit	$129.0M	$114.0M
YoY Change	-13.42%	-32.94%
Gross Profit Margin	8.54%	9.65%
Selling, General & Admin	$164.0M	$160.0M
YoY Change	-2.38%	-37.01%
% of Gross Profit	127.13%	140.35%
Research & Development	$37.00M	$41.00M
YoY Change	-2.63%	2.5%
% of Gross Profit	28.68%	35.96%
Depreciation & Amortization	$9.000M	$9.000M
YoY Change	-47.06%	-10.0%
% of Gross Profit	6.98%	7.89%
Operating Expenses	$201.0M	$201.0M
YoY Change	-2.43%	-31.63%
Operating Profit	-$72.00M	-$87.00M
YoY Change	26.32%	-29.84%
Interest Expense	-$30.00M	$37.00M
YoY Change	-43.4%	-50.0%
% of Operating Profit
Other Income/Expense, Net	$12.00M	$15.00M
YoY Change	-70.73%	-21.05%
Pretax Income	-$91.00M	-$109.0M
YoY Change	-479.17%	7.92%
Income Tax	$1.000M	$200.0K
% Of Pretax Income
Net Earnings	-$92.00M	-$109.0M
YoY Change	-500.0%	7.92%
Net Earnings / Revenue	-6.09%	-9.23%
Basic Earnings Per Share	-$0.13	-$0.16
Diluted Earnings Per Share	-$0.13	-$0.16
COMMON SHARES
Basic Shares Outstanding	691.6M shares	679.6M shares
Diluted Shares Outstanding	693.4M shares	682.5M shares

Balance Sheet

Concept	2024 Q2	2024 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$809.0M	$990.0M
YoY Change	-33.14%	-20.86%
Cash & Equivalents	$790.0M	$953.0M
Short-Term Investments	$19.00M	$37.00M
Other Short-Term Assets	$61.00M	$65.00M
YoY Change	-96.46%	41.3%
Inventory	$2.234B	$1.881B
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets	$3.249B	$3.284B
YoY Change	-20.62%	-33.95%
LONG-TERM ASSETS
Property, Plant & Equipment	$71.00M	$66.00M
YoY Change	-21.11%	11.86%
Goodwill	$4.000M	$4.000M
YoY Change	0.0%	0.0%
Intangibles	$2.000M	$4.000M
YoY Change	-77.78%	-63.64%
Long-Term Investments
YoY Change
Other Assets	$23.00M	$23.00M
YoY Change	-14.81%	-14.81%
Total Long-Term Assets	$123.0M	$120.0M
YoY Change	-5.38%	-14.29%
TOTAL ASSETS
Total Short-Term Assets	$3.249B	$3.284B
Total Long-Term Assets	$123.0M	$120.0M
Total Assets	$3.372B	$3.404B
YoY Change	-20.15%	-33.41%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$73.00M	$69.00M
YoY Change	12.31%	-10.39%
Accrued Expenses	$5.000M	$5.000M
YoY Change	-37.5%	-54.55%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00
YoY Change
Long-Term Debt Due	$315.0M
YoY Change	2000.0%
Total Short-Term Liabilities	$393.0M	$74.00M
YoY Change	346.59%	-83.3%
LONG-TERM LIABILITIES
Long-Term Debt	$2.116B	$2.412B
YoY Change	-30.12%	-32.96%
Other Long-Term Liabilities	$0.00	$1.000M
YoY Change	-100.0%	-97.14%
Total Long-Term Liabilities	$0.00	$1.000M
YoY Change	-100.0%	-99.97%
TOTAL LIABILITIES
Total Short-Term Liabilities	$393.0M	$74.00M
Total Long-Term Liabilities	$0.00	$1.000M
Total Liabilities	$2.527B	$2.505B
YoY Change	-19.45%	-38.54%
SHAREHOLDERS EQUITY
Retained Earnings	-$3.534B	-$3.442B
YoY Change	12.69%	8.96%
Common Stock	$0.00	$0.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$845.0M	$899.0M
YoY Change
Total Liabilities & Shareholders Equity	$3.372B	$3.404B
YoY Change	-20.15%	-33.41%

Cashflow Statement

Concept	2024 Q2	2024 Q1
OPERATING ACTIVITIES
Net Income	-$92.00M	-$109.0M
YoY Change	-500.0%	7.92%
Depreciation, Depletion And Amortization	$9.000M	$9.000M
YoY Change	-47.06%	-10.0%
Cash From Operating Activities	-$399.0M	-$178.0M
YoY Change	-142.45%	-108.23%
INVESTING ACTIVITIES
Capital Expenditures	$8.000M	$8.000M
YoY Change	-11.11%	0.0%
Acquisitions
YoY Change
Other Investing Activities	$17.00M	$30.00M
YoY Change	-29.17%	-21.05%
Cash From Investing Activities	$9.000M	$22.00M
YoY Change	-40.0%	-26.67%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	15.00M	-$98.00M
YoY Change	-101.85%	-92.6%
NET CHANGE
Cash From Operating Activities	-399.0M	-$178.0M
Cash From Investing Activities	9.000M	$22.00M
Cash From Financing Activities	15.00M	-$98.00M
Net Change In Cash	-375.0M	-$254.0M
YoY Change	-356.85%	-129.3%
FREE CASH FLOW
Cash From Operating Activities	-$399.0M	-$178.0M
Capital Expenditures	$8.000M	$8.000M
Free Cash Flow	-$407.0M	-$186.0M
YoY Change	-143.72%	-108.64%

Facts In Submission

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CY2024Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	1286000000	usd
CY2023Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	2658000000	usd
CY2024Q1	us-gaap	Use Of Estimates UseOfEstimates	<div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="margin-top:12pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that have a material impact on the amounts reported in the financial statements and accompanying notes. Significant estimates, assumptions and judgments made by management include, among others, the determination of the fair value of common stock, share-based awards, warrants, and inventory valuation adjustment. Management believes that the estimates and judgments upon which management relies are reasonable based upon information available to management at the time that these estimates and judgments are made. To the extent there are material differences between these estimates, assumptions and judgments and actual results, the carrying values of the Company's assets and liabilities and the results of operations will be affected. The health of the residential housing market and interest rate environment have introduced additional uncertainty with respect to judgments, estimates and assumptions, which may materially impact the estimates previously listed, among others.</span></div>
CY2024Q1	us-gaap	Concentration Risk Credit Risk ConcentrationRiskCreditRisk	<div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Concentrations of Credit Risk</span></div><div style="margin-top:12pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Financial instruments, which potentially subject the Company to concentrations of credit risk, consist primarily of cash and cash equivalents, restricted cash, and investments in marketable securities. The Company places cash and cash equivalents and investments with major financial institutions, which management assesses to be of high credit quality, in order to limit exposure of the Company’s investments.</span></div>
CY2024Q1	us-gaap	Impairment Of Long Lived Assets Held For Use ImpairmentOfLongLivedAssetsHeldForUse	3000000	usd
CY2023Q1	us-gaap	Impairment Of Long Lived Assets Held For Use ImpairmentOfLongLivedAssetsHeldForUse	2000000	usd
CY2024Q1	us-gaap	Impairment Of Long Lived Assets Held For Use ImpairmentOfLongLivedAssetsHeldForUse	3000000	usd
CY2023Q1	us-gaap	Impairment Of Long Lived Assets Held For Use ImpairmentOfLongLivedAssetsHeldForUse	2000000	usd
CY2023Q4	us-gaap	Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months	0	usd
CY2024Q1	us-gaap	Inventory Adjustments InventoryAdjustments	17000000	usd
CY2023Q4	us-gaap	Inventory Adjustments InventoryAdjustments	27000000	usd
CY2024Q1	us-gaap	Inventory Real Estate Construction In Process InventoryRealEstateConstructionInProcess	351000000	usd
CY2023Q4	us-gaap	Inventory Real Estate Construction In Process InventoryRealEstateConstructionInProcess	640000000	usd
CY2024Q1	us-gaap	Inventory Real Estate Held For Sale InventoryRealEstateHeldForSale	1024000000	usd
CY2023Q4	us-gaap	Inventory Real Estate Held For Sale InventoryRealEstateHeldForSale	882000000	usd
CY2024Q1	open	Inventory Real Estate In Resale Contract InventoryRealEstateInResaleContract	506000000	usd
CY2023Q4	open	Inventory Real Estate In Resale Contract InventoryRealEstateInResaleContract	253000000	usd
CY2024Q1	us-gaap	Inventory Real Estate InventoryRealEstate	1881000000	usd
CY2023Q4	us-gaap	Inventory Real Estate InventoryRealEstate	1775000000	usd
CY2024Q1	us-gaap	Recorded Unconditional Purchase Obligation Minimum Quantity Required RecordedUnconditionalPurchaseObligationMinimumQuantityRequired	2611	home
CY2024Q1	us-gaap	Recorded Unconditional Purchase Obligation RecordedUnconditionalPurchaseObligation	906000000	usd
CY2024Q1	open	Inventory Real Estate Valuation Adjustment Decrease Increase InventoryRealEstateValuationAdjustmentDecreaseIncrease	7000000	usd
CY2023Q1	open	Inventory Real Estate Valuation Adjustment Decrease Increase InventoryRealEstateValuationAdjustmentDecreaseIncrease	23000000	usd
CY2024Q1	us-gaap	Equity Securities Fv Ni EquitySecuritiesFvNi	12000000	usd
CY2024Q1	us-gaap	Equity Securities Fv Ni EquitySecuritiesFvNi	12000000	usd
CY2024Q1	open	Equity Securities Fvni Cash And Cash Equivalents EquitySecuritiesFVNICashAndCashEquivalents	0	usd
CY2024Q1	open	Equity Securities Fvni Marketable Securities EquitySecuritiesFVNIMarketableSecurities	12000000	usd
CY2024Q1	open	Cash Cash Equivalents And Marketable Securities Amortized Cost CashCashEquivalentsAndMarketableSecuritiesAmortizedCost	990000000	usd
CY2024Q1	us-gaap	Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax	0	usd
CY2024Q1	us-gaap	Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax	0	usd
CY2024Q1	open	Cash Cash Equivalents And Marketable Securities CashCashEquivalentsAndMarketableSecurities	990000000	usd
CY2024Q1	open	Marketable Securities Cash And Cash Equivalents MarketableSecuritiesCashAndCashEquivalents	953000000	usd
CY2024Q1	us-gaap	Marketable Securities MarketableSecurities	37000000	usd
CY2023Q4	us-gaap	Equity Securities Fv Ni EquitySecuritiesFvNi	15000000	usd
CY2023Q4	us-gaap	Equity Securities Fv Ni EquitySecuritiesFvNi	15000000	usd
CY2023Q4	open	Equity Securities Fvni Cash And Cash Equivalents EquitySecuritiesFVNICashAndCashEquivalents	0	usd
CY2023Q4	open	Equity Securities Fvni Marketable Securities EquitySecuritiesFVNIMarketableSecurities	15000000	usd
CY2023Q4	open	Cash Cash Equivalents And Marketable Securities Amortized Cost CashCashEquivalentsAndMarketableSecuritiesAmortizedCost	1069000000	usd
CY2023Q4	us-gaap	Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax	0	usd
CY2023Q4	us-gaap	Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax	1000000	usd
CY2023Q4	open	Cash Cash Equivalents And Marketable Securities CashCashEquivalentsAndMarketableSecurities	1068000000	usd
CY2023Q4	open	Marketable Securities Cash And Cash Equivalents MarketableSecuritiesCashAndCashEquivalents	999000000	usd
CY2023Q4	us-gaap	Marketable Securities MarketableSecurities	69000000	usd
CY2024Q1	us-gaap	Equity Securities Fv Ni Unrealized Gain Loss EquitySecuritiesFvNiUnrealizedGainLoss	-2000000	usd
CY2023Q1	us-gaap	Equity Securities Fv Ni Unrealized Gain Loss EquitySecuritiesFvNiUnrealizedGainLoss	1000000	usd
CY2024Q1	us-gaap	Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months	0	usd
CY2024Q1	us-gaap	Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss	0	usd
CY2024Q1	us-gaap	Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger	23000000	usd
CY2024Q1	us-gaap	Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss	0	usd
CY2024Q1	us-gaap	Debt Securities Available For Sale Unrealized Loss Position DebtSecuritiesAvailableForSaleUnrealizedLossPosition	23000000	usd
CY2024Q1	us-gaap	Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss	0	usd
CY2023Q4	us-gaap	Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss	0	usd
CY2023Q4	us-gaap	Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger	54000000	usd
CY2023Q4	us-gaap	Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss	1000000	usd
CY2023Q4	us-gaap	Debt Securities Available For Sale Unrealized Loss Position DebtSecuritiesAvailableForSaleUnrealizedLossPosition	54000000	usd
CY2023Q4	us-gaap	Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss	1000000	usd
CY2024Q1	us-gaap	Debt Securities Available For Sale Allowance For Credit Loss DebtSecuritiesAvailableForSaleAllowanceForCreditLoss	0	usd
CY2023Q4	us-gaap	Debt Securities Available For Sale Allowance For Credit Loss DebtSecuritiesAvailableForSaleAllowanceForCreditLoss	0	usd
CY2024Q1	us-gaap	Available For Sale Securities Debt Securities AvailableForSaleSecuritiesDebtSecurities	25000000	usd
CY2024Q1	us-gaap	Available For Sale Securities Debt Maturities Within One Year Fair Value AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue	25000000	usd
CY2024Q1	us-gaap	Available For Sale Securities Debt Maturities After One Through Five Years Fair Value AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue	0	usd
CY2024Q1	us-gaap	Equity Securities Fv Ni Current And Noncurrent EquitySecuritiesFvNiCurrentAndNoncurrent	20000000	usd
CY2023Q4	us-gaap	Equity Securities Fv Ni Current And Noncurrent EquitySecuritiesFvNiCurrentAndNoncurrent	20000000	usd
CY2024Q1	us-gaap	Equity Securities Fv Ni And Without Readily Determinable Fair Value EquitySecuritiesFvNiAndWithoutReadilyDeterminableFairValue	20000000	usd
CY2023Q4	us-gaap	Equity Securities Fv Ni And Without Readily Determinable Fair Value EquitySecuritiesFvNiAndWithoutReadilyDeterminableFairValue	20000000	usd
CY2024Q1	us-gaap	Other Restricted Assets OtherRestrictedAssets	263000000	usd
CY2023Q4	us-gaap	Other Restricted Assets OtherRestrictedAssets	275000000	usd
CY2023Q4	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	5000000	usd
CY2023Q1	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	2000000	usd
CY2024Q1	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	2000000	usd
CY2021Q3	open	Option Indexed To Issuers Equity Cap Price Premium OptionIndexedToIssuersEquityCapPricePremium	1
CY2024Q1	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	145000000	usd
CY2023Q4	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	166000000	usd
CY2024Q1	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	79000000	usd
CY2023Q4	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	100000000	usd
CY2024Q1	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	66000000	usd
CY2023Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	66000000	usd
CY2024Q1	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	9000000	usd
CY2023Q1	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	10000000	usd
CY2024Q1	us-gaap	Goodwill Acquired During Period GoodwillAcquiredDuringPeriod	0	usd
CY2023	us-gaap	Goodwill Acquired During Period GoodwillAcquiredDuringPeriod	0	usd
CY2023Q1	us-gaap	Goodwill Impairment Loss GoodwillImpairmentLoss	0	usd
CY2024Q1	us-gaap	Goodwill Impairment Loss GoodwillImpairmentLoss	0	usd
CY2024Q1	us-gaap	Finite Lived Intangible Assets Gross FiniteLivedIntangibleAssetsGross	29000000	usd
CY2024Q1	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	25000000	usd
CY2024Q1	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	4000000	usd
CY2023Q4	us-gaap	Finite Lived Intangible Assets Gross FiniteLivedIntangibleAssetsGross	29000000	usd
CY2023Q4	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	24000000	usd
CY2024Q1	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	33000000	usd
CY2023Q1	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	42000000	usd
CY2024Q1	us-gaap	Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear	4000000	usd
CY2024Q1	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	4000000	usd
CY2023Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber	7820000	shares
CY2023Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice	2.44
CY2023	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2 SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2	P3Y3M18D
CY2023Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue	16000000	usd
CY2024Q1	us-gaap	Stock Issued During Period Shares Stock Options Exercised StockIssuedDuringPeriodSharesStockOptionsExercised	109000	shares
CY2024Q1	us-gaap	Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice	1.07
CY2024Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod	2000	shares
CY2024Q1	us-gaap	Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice	2.58
CY2024Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber	7709000	shares
CY2024Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice	2.46
CY2024Q1	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2 SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2	P3Y1M6D
CY2024Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue	7000000	usd
CY2024Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber	7709000	shares
CY2024Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice	2.46
CY2024Q1	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1 SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1	P3Y1M6D
CY2024Q1	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1 SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1	7000000	usd
CY2024Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	200000	usd
CY2024Q1	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	-0.0019
CY2023Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	300000	usd
CY2023Q1	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	-0.0026
CY2023Q1	us-gaap	Dividends Dividends	0	usd
CY2024Q1	us-gaap	Dividends Dividends	0	usd
CY2024Q1	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-109000000	usd
CY2024Q1	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	-109000000	usd
CY2023Q1	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-101000000	usd
CY2023Q1	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	-101000000	usd
CY2024Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	682457000	shares
CY2024Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	682457000	shares
CY2023Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	641916000	shares
CY2023Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	641916000	shares
CY2024Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.16
CY2024Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.16
CY2023Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.16
CY2023Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.16
CY2023Q1	us-gaap	Dividends Preferred Stock DividendsPreferredStock	0	usd
CY2024Q1	us-gaap	Dividends Preferred Stock DividendsPreferredStock	0	usd
CY2024Q1	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	66754000	shares
CY2023Q1	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	89578000	shares
CY2023Q4	us-gaap	Restructuring Reserve RestructuringReserve	3000000	usd
CY2024Q1	us-gaap	Restructuring Charges RestructuringCharges	0	usd
CY2024Q1	us-gaap	Payments For Restructuring PaymentsForRestructuring	3000000	usd
CY2024Q1	us-gaap	Restructuring Reserve RestructuringReserve	0	usd

Files In Submission

Name	View Source	Status
0001801169-24-000085-index-headers.html	Edgar Link	pending
0001801169-24-000085-index.html	Edgar Link	pending
0001801169-24-000085.txt	Edgar Link	pending
0001801169-24-000085-xbrl.zip	Edgar Link	pending
a101opendoortechnologiesin.htm	Edgar Link	pending
a102formofprsunoticeandagr.htm	Edgar Link	pending
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2024 Q2 Form 10-Q Financial Statement

#000180116924000085 Filed on May 02, 2024

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$OPEN Opendoor Technologies Inc. Stock $open

2024 Q2 Form 10-Q Financial Statement

#000180116924000085 Filed on May 02, 2024

Income Statement

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Opendoor Technologies Inc. Stock $open