Opendoor Technologies (OPEN) Operating Expenses (2020 - 2026)

Opendoor Technologies (OPEN) has reported Operating Expenses for 7 consecutive years, with $230.0 million the latest figure, recorded in Q2 2026.

• For the quarter ending Q2 2026, Operating Expenses rose 63.12% year-over-year to $230.0 million; the trailing twelve-month figure through Jun 2026 stood at $802.0 million (up 23.96% YoY), and the FY2025 full-year result was $637.0 million, down 15.41% from the prior year.
• Operating Expenses was little changed at $230.0 million in Q2 2026 per OPEN's latest filing, from $231.0 million in the prior quarter.
• Across five years, Operating Expenses topped out at $454.0 million in Q2 2022 and bottomed at $134.0 million in Q3 2025.
• Historically, Operating Expenses has averaged $240.1 million across 5 years, with a median of $204.0 million in 2024.
• The sharpest annual moves came in 2023 and 2026: Operating Expenses slumped 54.55% in 2023, then surged 63.12% in 2026.
• Over 5 years, Operating Expenses stood at $342.0 million in 2022, then plunged by 45.32% to $187.0 million in 2023, then fell by 4.28% to $179.0 million in 2024, then increased by 15.64% to $207.0 million in 2025, then advanced by 11.11% to $230.0 million in 2026.
• According to Business Quant data, Operating Expenses over the past three periods registered $230.0 million, $231.0 million, and $207.0 million for Q2 2026, Q1 2026, and Q4 2025 respectively.