Filing Flows › Opendoor Technologies (OPEN) › Q2 2025
Opendoor Technologies (OPEN) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 5, 2025
Opendoor Technologies (OPEN) reported revenue of $1.6B for the second quarter 2025 (Q2 2025), +4% from a year earlier and +36% from the quarter before. Operating margin was -0.8%, net loss $29.0M (1.9% of revenue).
Opendoor Technologies, Q2 2025: revenue $1.6B (+4% year over year), operating margin -0.8%, net loss $29.0M, operating cash flow $823M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.6B | +36% | +4% |
| Operating profit | −$13.0M | — | — |
| Net earnings | −$29.0M | — | — |
| Operating cash flow | $823M | — | — |
| Free cash flow | $821M | — | — |
What changed
Revenue was $1.6B in Q2 2025, up 4% year over year and up 36% from the previous quarter.
Gross margin was 8.2%, down 0.4 points from a year earlier. Operating costs exceeded revenue by $0.01B, an operating margin of -0.8%. Operating expenses fell 30% while revenue rose 4%. The quarter ended with a net loss of $0.03B, narrower than the previous quarter's $0.09B loss. Net interest and other expense of $0.02B was the main reason.
Operating cash flow was $0.82B. Non-cash charges added back $0.01B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items added $0.83B. Capital expenditures of $2.0M left free cash flow of $0.82B.
Questions
What was Opendoor Technologies' revenue in the second quarter 2025?
Opendoor Technologies (OPEN) reported revenue of $1.6B for the second quarter 2025 (Q2 2025), +4% from a year earlier and +36% from the quarter before.
Was Opendoor Technologies profitable in the second quarter 2025?
Operating loss was $13.0M (-0.8% of revenue) and net loss $29.0M.