Opendoor Revenue: FY2025 data

Opendoor Revenue

In short

Opendoor says revenue fell to $4.37 billion in fiscal 2025, down 15% from $5.15 billion in 2024, as it sold 11,791 homes against 13,593. That is far below the $15.57 billion peak of 2022. Almost all revenue comes from selling homes; the company reports one segment and calls other revenue insignificant.

Sources: Form 10-K for fiscal 2025, Form 10-K for fiscal 2024. Analysis by The Business Engineer.

How we source: the figures in the boxes and charts on this page come from Opendoor’s own annual filing, with the period stated next to each number. Data checked 29 October 2026. The original article below may quote earlier periods. Our methodology.

Correction, 29 October 2026:
  • An earlier version of this page said Opendoor generated $6.94 billion in 2023 and $15.56 billion in 2022. Opendoor's Form 10-K filings report $6.946 billion for fiscal 2023 and $15.567 billion for fiscal 2022; revenue was $4.371 billion in fiscal 2025.
Key figures · fiscal 2025 (year to 31 December 2025)
Total revenue, FY2025$4.4B-15.2% vs prior year
Cost of revenue$4.0B-14.8% vs prior year
Gross profit$350M-19.2% vs prior year
Homes sold11,791fiscal 2025
Gross margin8.0%fiscal 2025
Net loss$1.3 billionfiscal 2025
Source: Form 10-K for fiscal 2025, Form 10-K for fiscal 2024. Changes calculated by FourWeekMBA from the filing.
Opendoor revenue split: cost of revenue and gross profit, FY2025
Fiscal 2025 revenue split into cost of revenue and gross profit; the two add up to total revenue. Opendoor reports a single segment and no revenue split by product
Cost of revenue$4.0B · 92%
Gross profit$350M · 8%
Source: Form 10-K for fiscal 2025, Form 10-K for fiscal 2024. Bars drawn to scale. Chart by The Business Engineer.
Opendoor revenue, FY2021 to FY2025
Total revenue per fiscal year
FY2021$8.0B
FY2022$15.6B
FY2023$6.9B
FY2024$5.2B
FY2025$4.4B
Source: Form 10-K for fiscal 2025, Form 10-K for fiscal 2024. Bars drawn to scale. Chart by The Business Engineer.

Opendoor generated $6.94 billion in revenue in 2023, compared to $15.56 billion in 2022, and $8.02 billion in 2021.

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