Opendoor Technologies (OPEN) Research & Development (2020 - 2026)
Opendoor Technologies' (OPEN) quarterly Research & Development came in at $65.0 million in Q2 2026, down 24.42% on a YoY basis from $86.0 million in Q2 2025, and down 7.14% quarter-over-quarter from $70.0 million in Q1 2026.
Analysis
Opendoor Technologies (OPEN) Research & Development (2020 - 2026) Analysis & Trends
Opendoor Technologies (OPEN) has reported Research & Development for 7 consecutive years, with $65.0 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Research & Development fell 24.42% year-over-year to $65.0 million; the trailing twelve-month figure through Jun 2026 stood at $261.0 million (down 29.08% YoY), and the FY2025 full-year result was $310.0 million, down 24.94% from the prior year.
- Research & Development slipped to $65.0 million in Q2 2026 per OPEN's latest filing, from $70.0 million in the prior quarter.
- Across five years, Research & Development topped out at $276.0 million in Q1 2022 and bottomed at $60.0 million in Q4 2025.
- Historically, Research & Development has averaged $130.6 million across 5 years, with a median of $97.0 million in 2024.
- The sharpest annual moves came in 2022 and 2023: Research & Development surged 300.0% in 2022, then plunged 67.31% in 2023.
- Over 5 years, Research & Development stood at $194.0 million in 2022, then slumped by 54.12% to $89.0 million in 2023, then retreated by 1.12% to $88.0 million in 2024, then tumbled by 31.82% to $60.0 million in 2025, then increased by 8.33% to $65.0 million in 2026.
- According to Business Quant data, Research & Development over the past three periods registered $65.0 million, $70.0 million, and $60.0 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (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 | 65.00 Mn |
| 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 | - |
| 6 | Kennedy-Wilson Holdings | 1.52 Bn | 1.37 Bn | 83.20 Mn | - |
| 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 | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 65.00 Mn |
| Mar 31, 2026 | 70.00 Mn |
| Dec 31, 2025 | 60.00 Mn |
| Sep 30, 2025 | 66.00 Mn |
| Jun 30, 2025 | 86.00 Mn |
| Mar 31, 2025 | 98.00 Mn |
| Dec 31, 2024 | 88.00 Mn |
| Sep 30, 2024 | 96.00 Mn |
| Jun 30, 2024 | 116.00 Mn |
| Mar 31, 2024 | 113.00 Mn |
| Dec 31, 2023 | 89.00 Mn |
| Sep 30, 2023 | 85.00 Mn |
| Jun 30, 2023 | 124.00 Mn |
| Mar 31, 2023 | 188.00 Mn |
| Dec 31, 2022 | 194.00 Mn |
| Sep 30, 2022 | 260.00 Mn |
| Jun 30, 2022 | 276.00 Mn |
| Mar 31, 2022 | 276.00 Mn |
| Dec 31, 2021 | 225.00 Mn |
| Sep 30, 2021 | 153.00 Mn |