Opendoor Technologies (OPEN) Gross Margin (2019 - 2026)
Opendoor Technologies (OPEN) reported Gross Margin of 9.74% for Q2 2026, up 1.57 percentage points from 8.17% a year earlier but down 0.26 percentage points from the prior quarter.
Powered by 
Analysis
Opendoor Technologies (OPEN) Gross Margin (2019 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Opendoor Technologies' Gross Margin came in at 8.64%, up 0.59 percentage points year-over-year; for FY2025, it came in at 8.01%, down 0.40 percentage points from FY2024.
- Gross Margin has a five-year change of -0.51 percentage points (FY2020 to FY2025).
- By year, Gross Margin came in at 8.40% in FY2024 (+1.39 pp), 7.01% in FY2023 (+2.73 pp), 4.28% in FY2022 (-4.82 pp) and 9.10% in FY2021 (+0.58 pp).
- Five-year quarterly Gross Margin spans a low of -12.65% in Q3 2022 and a high of 11.58% in Q2 2022.
- Year over year, Gross Margin gained in two of the last eight quarters, with an average year-over-year change of -0.20 percentage points.
- The high point for year-over-year Gross Margin in five years was Q3 2023 (a gain of 22.44 percentage points); the low point was Q3 2022 (a drop of 21.56 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at 10.00% (Q1 2026), 7.74% (Q4 2025) and 7.21% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Texas Pacific Land | 23.31 Bn | 22.14 Bn | - | - |
| 2 | Eason Technology | 6.61 Bn | 6.61 Bn | - | - |
| 3 | LandBridge | 6.20 Bn | 6.54 Bn | 65.71 Mn | 98.30% |
| 4 | Millrose Properties | 4.06 Bn | 4.06 Bn | - | - |
| 5 | St Joe | 3.76 Bn | 3.26 Bn | 73.42 Mn | 46.23% |
| 6 | Vesta Real Estate Corporation, S.A.B. de C.V | 2.89 Bn | 2.89 Bn | - | - |
| 7 | Opendoor Technologies | 2.35 Bn | -1.47 Bn | 86.00 Mn | 9.74% |
| 8 | Forestar | 1.34 Bn | -3.23 Mn | 84.10 Mn | 20.66% |
| 9 | Five Point Holdings | 705.60 Mn | 734.37 Mn | -23.72 Mn | -170.62% |
| 10 | Tejon Ranch | 443.42 Mn | 378.40 Mn | - | - |
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% |
API Access
Opendoor Technologies Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=OPEN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "OPEN", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=OPEN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();