Opendoor Technologies Inc. (OPENW) Financial Statements

Income statement

Metric	TTM	2020	2019	2018
Revenue
Total Revenue	4.5B	2.6B	4.7B	1.8B
Cost of Revenue	4.1B	2.4B	4.4B	1.7B
Gross Profit	433.1M	219.8M	301.3M	133.4M
Operating Expenses
R&D Expense	41.2M	—	51.2M	28.5M
SG&A Expense	516.5M	152.8M	497.9M	268.6M
General & Admin Expense	178.0M	(42.0M)	113.4M	72.3M
Selling & Marketing Expense	338.5M	194.7M	384.4M	196.3M
Other Expenses	252.9M	252.9M	—	—
Total Operating Expenses	810.6M	405.7M	549.1M	297.1M
Cost and Expenses	4.9B	2.8B	5.0B	2.0B
Operating Income (EBIT)	(478.3M)	(286.7M)	(247.8M)	(163.7M)
Non-Operating
Interest Income	—	—	—	—
Interest Expense	43.5M	67.8M	109.7M	60.5M
Net Interest Income	—	—	—	—
Other Non-Op Income/Expense	(7.8M)	—	(92.9M)	(75.9M)
Non-Operating Income (excl Interest)	(25.3M)	—	(18.6M)	15.4M
EBT (Pre-Tax Income)	(486.2M)	(286.7M)	(340.8M)	(239.6M)
Income Tax Expense	332.0K	63.0K	252.0K	377.0K
Bottom Line
Net Income	(486.5M)	(286.8M)	(341.0M)	(241.3M)
Earnings from Cont. Ops	(486.5M)	(286.8M)	(341.0M)	(241.3M)
Earnings from Discont. Ops	—	—	—	—
Bottom Line Net Income	(486.5M)	(286.8M)	(341.0M)	(241.3M)
Per Share
Basic EPS	($0.26)	$0.00	$0.00	$0.00
Diluted EPS	($0.26)	$0.00	$0.00	$0.00
Revenue Per Share	—	—	—	—
Shares
Basic Shares Outstanding	—	—	—	—
Diluted Shares Outstanding	—	—	—	—
Profitability Metrics
EBITDA	(380.4M)	(180.4M)	(189.9M)	(167.7M)
D&A	62.3M	38.6M	39.3M	12.8M
EBIT	(166.3M)	—	(229.2M)	(179.1M)

As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Jun 1, 2021