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Income Statement
Balance Sheet
Cash Flow Statement

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Op Efficiency
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Opendoor Technologies Inc. (IPOB)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
 
In millions, except per share itemsDec-31-22Dec-31-21Dec-31-20Dec-31-19Dec-31-18Dec-31-17
   10-K10-K10-K10-K10-KS-1
Revenues  15,567.08,021.02,583.04,741.01,838.1194.3
            Revenue growth  94.1%210.5%-45.5%157.9%845.8% 
Cost of goods sold  14,900.07,291.02,363.04,440.01,704.6128.0
Gross profit  667.0730.0220.0301.0133.466.3
            Gross margin  4.3%9.1%8.5%6.3%7.3%34.1%
Selling, general and administrative   [+]1,352.01,164.0321.0498.0268.674.9
Research and development  169.0134.056.051.028.5 
Other operating expenses       45.6
EBITDA   [+]-771.0-521.0-118.0-221.0-150.9-60.4
            EBITDA margin  -5.0%-6.5%-4.6%-4.7%-8.2%-31.1%
Depreciation  74.043.035.024.012.21.2
EBITA  -845.0-564.0-153.0-245.0-163.1-61.6
            EBITA margin  -5.4%-7.0%-5.9%-5.2%-8.9%-31.7%
Amortization of intangibles  9.04.04.03.00.6 
EBIT   [+]-854.0-568.0-157.0-248.0-163.7-61.6
            EBIT margin  -5.5%-7.1%-6.1%-5.2%-8.9%-31.7%
Non-recurring items   [+]77.0 29.0   
Interest expense  385.0143.068.0110.060.5 
Other income (expense), net   [+]-35.050.01.019.0-15.40.2
Pre-tax income  -1,351.0-661.0-253.0-339.0-239.6-84.8
Income taxes  2.01.00.00.00.40.0
            Tax rate    0.0%0.0% 0.0%
Minority interest     2.01.4 
Net income  -1,353.0-662.0-253.0-341.0-241.3-84.8
            Net margin  -8.7%-8.3%-9.8%-7.2%-13.1%-43.6%
   
Basic EPS   [+]($2.16)($1.12)($2.31)($4.26)($3.07)($2.12)
Diluted EPS   [+]($2.16)($1.12)($2.31)($4.26)($3.07)($2.12)
   
Shares outstanding (basic)   [+]627.1592.6109.380.078.639.9
Shares outstanding (diluted)   [+]627.1592.6109.380.078.639.9
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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