Opendoor Quarterly Balance Sheets Chart
Quarterly
|
Annual
Opendoor Quarterly Balance Sheets Table
Quarterly
|
Annual
Unit: USD | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 |
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assets | ||||||||||||||||||||
current assets: | ||||||||||||||||||||
cash and cash equivalents | 789,000,000 | 559,000,000 | 671,000,000 | 829,000,000 | 790,000,000 | 953,000,000 | 999,000,000 | 1,154,000,000 | 1,120,000,000 | 1,143,000,000 | 1,137,000,000 | 1,327,000,000 | 2,239,000,000 | 2,312,000,000 | 1,731,000,000 | 1,358,775,000 | 1,557,815,000 | 2,039,876,000 | 1,412,665,000 | |
restricted cash | 396,000,000 | 134,000,000 | 92,000,000 | 225,000,000 | 121,000,000 | 333,000,000 | 541,000,000 | 1,224,000,000 | 1,684,000,000 | 1,515,000,000 | 654,000,000 | 1,752,000,000 | 615,000,000 | 444,000,000 | 847,000,000 | 484,476,000 | 131,652,000 | 143,311,000 | 92,863,000 | |
marketable securities | 8,000,000 | 8,000,000 | 19,000,000 | 37,000,000 | 69,000,000 | 72,000,000 | 90,000,000 | 108,000,000 | 144,000,000 | 178,000,000 | 233,000,000 | 464,000,000 | 484,000,000 | 481,051,000 | 200,143,000 | 58,619,000 | 47,637,000 | |||
escrow receivable | 10,000,000 | 20,000,000 | 6,000,000 | 15,000,000 | 24,000,000 | 15,000,000 | 9,000,000 | 11,000,000 | 13,000,000 | 42,000,000 | 30,000,000 | 154,000,000 | 56,000,000 | 58,000,000 | 84,000,000 | 121,394,000 | 32,848,000 | 19,264,000 | 1,494,000 | |
real estate inventory | 1,530,000,000 | 2,362,000,000 | 2,159,000,000 | 2,145,000,000 | 2,234,000,000 | 1,881,000,000 | 1,775,000,000 | 1,311,000,000 | 1,149,000,000 | 2,118,000,000 | 4,460,000,000 | 6,093,000,000 | 6,628,000,000 | 4,664,000,000 | 6,096,000,000 | 6,268,081,000 | 2,723,648,000 | 840,632,000 | 465,936,000 | |
other current assets | 72,000,000 | 77,000,000 | 61,000,000 | 41,000,000 | 61,000,000 | 65,000,000 | 52,000,000 | 37,000,000 | 46,000,000 | 41,000,000 | 80,000,000 | 162,000,000 | 126,000,000 | 91,000,000 | 84,365,000 | 67,149,000 | 33,292,000 | 24,987,000 | ||
total current assets | 2,797,000,000 | 3,152,000,000 | 2,997,000,000 | 3,263,000,000 | 3,249,000,000 | 3,284,000,000 | 3,445,000,000 | 3,819,000,000 | 4,093,000,000 | 4,972,000,000 | 6,466,000,000 | 9,584,000,000 | 9,945,000,000 | 8,079,000,000 | 9,340,000,000 | 8,821,000,000 | 4,738,623,000 | 3,143,301,000 | 2,053,111,000 | 634,222 |
property and equipment – net | 37,000,000 | 44,000,000 | 48,000,000 | 59,000,000 | 71,000,000 | 66,000,000 | 66,000,000 | 68,000,000 | 62,000,000 | 59,000,000 | 58,000,000 | 62,000,000 | 54,000,000 | 49,000,000 | 45,000,000 | 38,321,000 | 33,962,000 | 31,042,000 | 29,228,000 | |
right of use assets | 9,000,000 | 17,000,000 | 18,000,000 | 25,000,000 | 23,000,000 | 23,000,000 | 25,000,000 | 27,000,000 | 28,000,000 | 39,000,000 | 41,000,000 | 43,000,000 | 43,000,000 | 45,000,000 | 42,000,000 | 43,800,000 | 45,581,000 | 47,114,000 | 49,517,000 | |
goodwill | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 4,000,000 | 4,000,000 | 4,000,000 | 4,000,000 | 4,000,000 | 4,000,000 | 4,000,000 | 62,000,000 | 60,000,000 | 60,000,000 | 60,000,000 | 47,158,000 | 30,945,000 | 30,945,000 | 30,945,000 | |
other assets | 61,000,000 | 61,000,000 | 60,000,000 | 61,000,000 | 23,000,000 | 23,000,000 | 22,000,000 | 22,000,000 | 27,000,000 | 27,000,000 | 27,000,000 | 26,000,000 | 27,000,000 | 29,000,000 | 7,000,000 | 6,842,000 | 11,396,000 | 11,206,000 | 4,097,000 | |
total assets | 2,907,000,000 | 3,277,000,000 | 3,126,000,000 | 3,411,000,000 | 3,372,000,000 | 3,404,000,000 | 3,567,000,000 | 3,947,000,000 | 4,223,000,000 | 5,112,000,000 | 6,608,000,000 | 9,784,000,000 | 10,136,000,000 | 8,272,000,000 | 9,506,000,000 | 8,968,615,000 | 4,868,261,000 | 3,271,712,000 | 2,175,582,000 | 414,676,429 |
liabilities and shareholders’ equity | ||||||||||||||||||||
current liabilities: | ||||||||||||||||||||
accounts payable and other accrued liabilities | 86,000,000 | 102,000,000 | 92,000,000 | 71,000,000 | 73,000,000 | 69,000,000 | 64,000,000 | 67,000,000 | 65,000,000 | 77,000,000 | 110,000,000 | 209,000,000 | 215,000,000 | 132,000,000 | 137,000,000 | 156,030,000 | 70,900,000 | 41,413,000 | 25,270,000 | |
non-recourse asset-backed debt – current portion | 550,000,000 | 946,000,000 | 643,000,000 | 315,000,000 | ||||||||||||||||
interest payable | 5,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 4,000,000 | 12,000,000 | 14,000,000 | 10,000,000 | 6,000,000 | 12,000,000 | 9,746,000 | 4,605,000 | 1,228,000 | 1,081,000 | |
lease liabilities – current portion | 2,000,000 | 2,000,000 | 2,000,000 | 4,000,000 | 4,000,000 | 5,000,000 | 7,000,000 | 4,000,000 | ||||||||||||
total current liabilities | 643,000,000 | 1,053,000,000 | 529,000,000 | 721,000,000 | 393,000,000 | 74,000,000 | 70,000,000 | 74,000,000 | 88,000,000 | 443,000,000 | 1,505,000,000 | 3,601,000,000 | 3,606,000,000 | 2,814,000,000 | 4,400,000,000 | 4,239,953,000 | 1,810,051,000 | 643,694,000 | 393,389,000 | 5,500,813 |
non-recourse asset-backed debt – net of current portion | 1,189,000,000 | 1,187,000,000 | 1,492,000,000 | 1,491,000,000 | 1,739,000,000 | 2,036,000,000 | 2,134,000,000 | 2,330,000,000 | 2,527,000,000 | 2,824,000,000 | 3,020,000,000 | 3,699,000,000 | 3,176,000,000 | 2,113,000,000 | 1,862,000,000 | 1,367,989,000 | ||||
convertible senior notes | 437,000,000 | 378,000,000 | 378,000,000 | 377,000,000 | 377,000,000 | 376,000,000 | 376,000,000 | 502,000,000 | 501,000,000 | 774,000,000 | 959,000,000 | 957,000,000 | 956,000,000 | 955,000,000 | 954,000,000 | 952,415,000 | ||||
lease liabilities – net of current portion | 6,000,000 | 13,000,000 | 13,000,000 | 19,000,000 | 18,000,000 | 18,000,000 | 19,000,000 | 20,000,000 | 21,000,000 | 35,000,000 | 38,000,000 | 39,000,000 | 42,000,000 | 43,000,000 | 42,000,000 | 43,073,000 | 44,593,000 | 45,241,000 | 46,625,000 | |
other liabilities | 1,000,000 | 1,000,000 | 1,000,000 | 2,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 2,324,000 | 117,000 | 122,000 | 94,000 | |||||||||
total liabilities | 2,276,000,000 | 2,632,000,000 | 2,413,000,000 | 2,610,000,000 | 2,527,000,000 | 2,505,000,000 | 2,600,000,000 | 2,927,000,000 | 3,137,000,000 | 4,076,000,000 | 5,522,000,000 | 8,296,000,000 | 7,780,000,000 | 5,925,000,000 | 7,258,000,000 | 6,605,754,000 | 2,450,340,000 | 888,151,000 | 575,575,000 | 19,990,813 |
commitments and contingencies | ||||||||||||||||||||
shareholders’ equity: | ||||||||||||||||||||
common stock | 60,000 | 59,000 | 58,000 | 54,000 | ||||||||||||||||
additional paid-in capital | 4,470,000,000 | 4,455,000,000 | 4,438,000,000 | 4,413,000,000 | 4,379,000,000 | 4,341,000,000 | 4,301,000,000 | 4,263,000,000 | 4,224,000,000 | 4,198,000,000 | 4,148,000,000 | 4,152,000,000 | 4,092,000,000 | 4,028,000,000 | 3,955,000,000 | 3,877,418,000 | 3,875,552,000 | 3,697,382,000 | 2,677,155,000 | 11,341,549 |
accumulated deficit | -3,839,000,000 | -3,810,000,000 | -3,725,000,000 | -3,612,000,000 | -3,534,000,000 | -3,442,000,000 | -3,333,000,000 | -3,242,000,000 | -3,136,000,000 | -3,159,000,000 | -3,058,000,000 | -2,659,000,000 | -1,731,000,000 | -1,677,000,000 | -1,705,000,000 | -1,514,509,000 | -1,457,690,000 | -1,313,885,000 | -1,077,243,000 | -6,342,826 |
accumulated other comprehensive loss | -1,000,000 | -1,000,000 | -2,000,000 | -3,000,000 | -4,000,000 | -5,000,000 | ||||||||||||||
total shareholders’ equity | 631,000,000 | 645,000,000 | 713,000,000 | 801,000,000 | 845,000,000 | 899,000,000 | 967,000,000 | 1,020,000,000 | 1,086,000,000 | 1,036,000,000 | 1,086,000,000 | 1,488,000,000 | 2,356,000,000 | 2,347,000,000 | 2,248,000,000 | 2,362,861,000 | 2,417,921,000 | 2,383,561,000 | 1,600,007,000 | 5,000,002 |
total liabilities and shareholders’ equity | 2,907,000,000 | 3,277,000,000 | 3,126,000,000 | 3,411,000,000 | 3,372,000,000 | 3,404,000,000 | 3,567,000,000 | 3,947,000,000 | 4,223,000,000 | 5,112,000,000 | 6,608,000,000 | 9,784,000,000 | 10,136,000,000 | 8,272,000,000 | 9,506,000,000 | 8,968,615,000 | 4,868,261,000 | 3,271,712,000 | 414,676,429 | |
intangibles – net | 2,000,000 | 4,000,000 | 5,000,000 | 7,000,000 | 9,000,000 | 11,000,000 | 12,000,000 | 7,000,000 | 7,000,000 | 10,000,000 | 12,000,000 | 11,494,000 | 7,754,000 | 8,104,000 | 8,684,000 | |||||
non-recourse asset-backed debt - current portion | 432,000,000 | 15,000,000 | 355,000,000 | 1,376,000,000 | 3,372,000,000 | 3,362,000,000 | 2,660,000,000 | 4,240,000,000 | 4,049,812,000 | |||||||||||
lease liabilities - current portion | 4,000,000 | 6,000,000 | 7,000,000 | 7,000,000 | 6,000,000 | 7,000,000 | 6,000,000 | 4,637,000 | 4,999,000 | |||||||||||
other current assets 0 and 1 carried at fair value) | 47,000,000 | |||||||||||||||||||
mortgage loans held for sale pledged under agreements to repurchase | 12,000,000 | 11,000,000 | 7,000,000 | 22,858,000 | 25,368,000 | 8,307,000 | 7,529,000 | |||||||||||||
other secured borrowings | 12,000,000 | 10,000,000 | 7,000,000 | 19,728,000 | ||||||||||||||||
accumulated other comprehensive income | -5,000,000 | -4,000,000 | -2,000,000 | -108,000 | 6,000 | 41,000 | ||||||||||||||
warrant liabilities | 62,621,000 | |||||||||||||||||||
current portion of credit facilities and other secured borrowings | 1,690,878,000 | 596,563,000 | 346,322,000 | |||||||||||||||||
warrant liabilities - current | 38,669,000 | |||||||||||||||||||
credit facilities – net of current portion | 595,579,000 | 136,473,000 | 135,467,000 | |||||||||||||||||
lease liabilities, current portion | 4,490,000 | 20,716,000 | ||||||||||||||||||
liabilities, temporary equity, and shareholders’ deficit | ||||||||||||||||||||
convertible notes | ||||||||||||||||||||
derivative and warrant liabilities | ||||||||||||||||||||
temporary equity: | ||||||||||||||||||||
series a convertible preferred stock, zero and 40,089,513 shares authorized, respectively; zero and 40,089,513 shares issued and outstanding, respectively; liquidation preference of 0 and 9,807, respectively | ||||||||||||||||||||
series b convertible preferred stock, zero and 23,840,816 shares authorized, respectively; zero and 23,840,816 shares issued and outstanding, respectively; liquidation preference of 0 and 20,182, respectively | ||||||||||||||||||||
series c convertible preferred stock, zero and 29,070,700 shares authorized, respectively; zero and 29,070,700 shares issued and outstanding, respectively; liquidation preference of 0 and 77,160, respectively | ||||||||||||||||||||
series d convertible preferred stock, zero and 63,956,147 shares authorized, respectively; zero and 63,470,884 shares issued and outstanding, respectively; liquidation preference of 0 and 248,333, respectively | ||||||||||||||||||||
series e convertible preferred stock, zero and 165,941,619 shares authorized, respectively; zero and 157,952,523 shares issued and outstanding, respectively; liquidation preference of 0 and 1,011,319, respectively | ||||||||||||||||||||
total temporary equity | ||||||||||||||||||||
shareholders’ equity | ||||||||||||||||||||
total liabilities, temporary equity, and shareholders’ equity | 2,175,582,000 | |||||||||||||||||||
current assets | ||||||||||||||||||||
cash | 250,461 | |||||||||||||||||||
prepaid expenses | 383,761 | |||||||||||||||||||
deferred offering costs | ||||||||||||||||||||
cash and marketable securities held in trust account | 414,042,207 | |||||||||||||||||||
current liabilities | ||||||||||||||||||||
accrued expenses | 4,362,316 | |||||||||||||||||||
accrued offering costs | ||||||||||||||||||||
advance from related party | ||||||||||||||||||||
promissory note – related party | 1,138,497 | |||||||||||||||||||
deferred underwriting fee payable | 14,490,000 | |||||||||||||||||||
commitments | ||||||||||||||||||||
class a ordinary shares subject to possible redemption, 38,964,589 and no shares at redemption value at september 30, 2020 and december 31, 2019, respectively | 389,685,614 | |||||||||||||||||||
preferred shares, 0.0001 par value; 5,000,000 shares authorized; none issued and outstanding | ||||||||||||||||||||
class a ordinary shares, 0.0001 par value; 500,000,000 shares authorized; 2,435,411 and none issued and outstanding (excluding 38,964,589 and no shares subject to possible redemption) at september 30, 2020 and december 31, 2019, respectively | 244 | |||||||||||||||||||
class b ordinary shares, 0.0001 par value; 50,000,000 shares authorized; 10,350,000 and one shares issued and outstanding as of september 30, 2020 and december 31, 2019, respectively | 1,035 |
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