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
Download Data
Historic Data
| Date | Value |
|---|---|
| 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% |