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

Opendoor Technologies has reported Operating Expenses for 7 years, with the latest figure at $231.0 million in Q1 2026.

• For the quarter ending Q1 2026, Operating Expenses rose 49.03% year-over-year to $231.0 million; the trailing twelve-month figure through Mar 2026 stood at $713.0 million (up 0.85% YoY), and the FY2025 full-year result was $637.0 million, down 15.41% from the prior year.
• Operating Expenses for Q1 2026 stood at $231.0 million, up from $207.0 million in the prior quarter.
• The five-year high for Operating Expenses was $454.0 million in Q2 2022, with the low at $134.0 million in Q3 2025.
• Historically, Operating Expenses has averaged $240.7 million across 5 years, with a median of $201.0 million in 2024.
• Annual changes were most pronounced in 2023 — Operating Expenses sank 54.55% — and 2026, when it jumped 49.03%.
• Opendoor Technologies' Operating Expenses 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.