Opendoor Technologies (OPEN) Operating Expenses (2020 - 2026)
Opendoor Technologies' (OPEN) quarterly Operating Expenses came in at $231.0 million in Q1 2026, up 49.03% YoY from $155.0 million in Q1 2025, and up 11.59% on a QoQ basis from $207.0 million in Q4 2025.
Opendoor Technologies (OPEN) Operating Expenses (2020 - 2026) Analysis & Trends
Opendoor Technologies (OPEN) has 7 years of Operating Expenses data on file, last reported at $231.0 million in Q1 2026.
- Quarterly Operating Expenses rose 49.03% year-over-year to $231.0 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $713.0 million (up 0.85% YoY) and the FY2025 annual result came in at $637.0 million, down 15.41% from the prior year.
- Operating Expenses advanced to $231.0 million in Q1 2026, from $207.0 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $454.0 million in Q2 2022 to a low of $134.0 million in Q3 2025.
- A 5-year average of $240.7 million and a median of $201.0 million in 2024 frame the typical range for Operating Expenses.
- Annual changes were most pronounced in 2023 — Operating Expenses sank 54.55% — and 2026, when it jumped 49.03%.
- Tracing OPEN's Operating Expenses over 5 years: stood at $342.0 million in 2022, then slumped by 45.32% to $187.0 million in 2023, then dropped by 4.28% to $179.0 million in 2024, then climbed by 15.64% to $207.0 million in 2025, then climbed by 11.59% to $231.0 million in 2026.
- The last three Operating Expenses figures came in at $231.0 million (Q1 2026), $207.0 million (Q4 2025), and $134.0 million (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Cbre | 44.30 Bn | 42.81 Bn | 2.09 Bn | - |
| 2 | KE Holdings | 18.87 Bn | 15.99 Bn | 661.06 Mn | -476.55 Mn |
| 3 | Jones Lang Lasalle | 17.79 Bn | 17.34 Bn | - | 6.64 Bn |
| 4 | Costar | 13.04 Bn | 11.78 Bn | 728.00 Mn | 652.00 Mn |
| 5 | Compass | 9.00 Bn | 8.31 Bn | 3.88 Bn | 4.18 Bn |
| 6 | FirstService | 6.55 Bn | 6.32 Bn | 480.66 Mn | 359.42 Mn |
| 7 | Colliers International | 5.46 Bn | 5.40 Bn | 635,105.00 Bn | 485.10 Mn |
| 8 | Cushman & Wakefield | 3.45 Bn | 2.95 Bn | 512.00 Mn | 2.63 Bn |
| 9 | Opendoor Technologies | 3.35 Bn | 2.45 Bn | 86.00 Mn | 230.00 Mn |
| 10 | Newmark | 2.85 Bn | 2.46 Bn | - | 848.02 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 230.00 Mn |
| Mar 31, 2026 | 231.00 Mn |
| Dec 31, 2025 | 207.00 Mn |
| Sep 30, 2025 | 134.00 Mn |
| Jun 30, 2025 | 141.00 Mn |
| Mar 31, 2025 | 155.00 Mn |
| Dec 31, 2024 | 179.00 Mn |
| Sep 30, 2024 | 172.00 Mn |
| Jun 30, 2024 | 201.00 Mn |
| Mar 31, 2024 | 201.00 Mn |
| Dec 31, 2023 | 187.00 Mn |
| Sep 30, 2023 | 175.00 Mn |
| Jun 30, 2023 | 217.00 Mn |
| Mar 31, 2023 | 294.00 Mn |
| Dec 31, 2022 | 342.00 Mn |
| Sep 30, 2022 | 385.00 Mn |
| Jun 30, 2022 | 454.00 Mn |
| Mar 31, 2022 | 417.00 Mn |
| Dec 31, 2021 | 374.00 Mn |
| Sep 30, 2021 | 271.00 Mn |