Opendoor Technologies OPEN
NASDAQ OPEN
$3.00 -0.07 (-2.28%)
As of: Sep 9, 2026 · 3:59 PM EDT

Opendoor Technologies (OPEN) Gross Margin (2019 - 2026)

Opendoor Technologies' (OPEN) quarterly Gross Margin came in at 9.74% in Q2 2026, up 157.0% on a YoY basis from 3.79% in Q2 2025, and down 2.6% quarter-over-quarter from 10.0% in Q1 2026.

Analysis

Opendoor Technologies (OPEN) Gross Margin (2019 - 2026) Analysis & Trends

Opendoor Technologies (OPEN) has reported Gross Margin for 8 consecutive years, with 9.74% the latest figure, recorded in Q2 2026.

  • For the quarter ending Q2 2026, Gross Margin rose 157.0% year-over-year to 9.74%; the trailing twelve-month figure through Jun 2026 stood at 8.64% (up 59.0% YoY), and the FY2025 full-year result was 8.01%, down 40.0% from the prior year.
  • Gross Margin eased to 9.74% in Q2 2026 per OPEN's latest filing, from 10.0% in the prior quarter.
  • Across five years, Gross Margin topped out at 11.58% in Q2 2022 and bottomed at 12.65% in Q3 2022.
  • Historically, Gross Margin has averaged 7.11% across 5 years, with a median of 8.22% in 2023.
  • The sharpest annual moves came in 2022 and 2023: Gross Margin tumbled 2156 bps in 2022, then jumped 2244 bps in 2023.
  • Over 5 years, Gross Margin stood at 2.49% in 2022, then surged by 233 bps to 8.28% in 2023, then fell by 5 bps to 7.84% in 2024, then fell by 1 bps to 7.74% in 2025, then climbed by 26 bps to 9.74% in 2026.
  • According to Business Quant data, Gross Margin over the past three periods registered 9.74%, 10.0%, and 7.74% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Gross Margin (Qtr)
1 Texas Pacific Land 25.83 Bn 25.58 Bn - -
2 Eason Technology 6.12 Bn 6.12 Bn - -
3 Opendoor Technologies 2.91 Bn 2.02 Bn 86.00 Mn 9.74%
4 Vesta Real Estate Corporation, S.A.B. de C.V 2.87 Bn 2.87 Bn - -
5 LandBridge 2.44 Bn 2.40 Bn 65.51 Mn 98.01%
6 Kennedy-Wilson Holdings 1.52 Bn 1.37 Bn 83.20 Mn 70.99%
7 Frp Holdings 420.67 Mn 420.67 Mn - -
8 American Realty Investors 250.20 Mn 250.20 Mn - -
9 Belpointe PREP 186.60 Mn 186.60 Mn - -
10 Star Holdings 114.16 Mn 79.35 Mn 5.31 Mn 27.41%
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 9.74%
Mar 31, 2026 10.00%
Dec 31, 2025 7.74%
Sep 30, 2025 7.21%
Jun 30, 2025 8.17%
Mar 31, 2025 8.59%
Dec 31, 2024 7.84%
Sep 30, 2024 7.63%
Jun 30, 2024 8.54%
Mar 31, 2024 9.65%
Dec 31, 2023 8.28%
Sep 30, 2023 9.80%
Jun 30, 2023 7.54%
Mar 31, 2023 5.45%
Dec 31, 2022 2.49%
Sep 30, 2022 -12.65%
Jun 30, 2022 11.58%
Mar 31, 2022 10.39%
Dec 31, 2021 7.12%
Sep 30, 2021 8.91%