Filing Flows › Opendoor Technologies (OPEN) › Q3 2026
Opendoor Technologies (OPEN) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 5, 2026
Opendoor Technologies (OPEN) reported revenue of $1.0B for the third quarter 2026 (Q3 2026), +12% from a year earlier and +16% from the quarter before. Operating margin was -18.3%, net loss $218M (21.3% of revenue).
Opendoor Technologies, Q3 2026: revenue $1.0B (+12% year over year), operating margin -18.3%, net loss $218M, operating cash flow −$832M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.0B | +16% | +12% |
| Operating profit | −$187M | — | — |
| Net earnings | −$218M | — | — |
| Operating cash flow | −$832M | — | -291% |
What changed
Revenue was $1.0B in Q3 2026, up 12% year over year and up 16% from the previous quarter.
Gross margin was 3.7%, down 3.5 points from Q3 2025. Operating costs exceeded revenue by $0.19B, an operating margin of -18.3%. Operating expenses grew 68% against revenue growth of 12%. The fastest-growing cost line was General & admin (+152%). The quarter ended with a net loss of $0.22B, wider than the previous quarter's $0.16B loss.
Operating cash flow was −$0.83B. Non-cash charges added back $0.01B of depreciation and amortization and $0.11B of share-based compensation. Working capital and other items used $0.73B. Capital expenditures of $4.0M exceeded it, leaving free cash flow of −$0.84B.
Questions
What was Opendoor Technologies' revenue in the third quarter 2026?
Opendoor Technologies (OPEN) reported revenue of $1.0B for the third quarter 2026 (Q3 2026), +12% from a year earlier and +16% from the quarter before.
Was Opendoor Technologies profitable in the third quarter 2026?
Operating loss was $187M (-18.3% of revenue) and net loss $218M.