Opendoor Technologies (OPEN) Research & Development (2020 - 2026)
Opendoor Technologies' Research & Development was $27 million in Q2 2026, up 28.6% from $21 million a year earlier and up 12.5% from the prior quarter.
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Analysis
Opendoor Technologies (OPEN) Research & Development (2020 - 2026) Analysis & Trends
On a trailing twelve-month basis, Opendoor Technologies' Research & Development was $88 million through Jun 30, 2026, down 16.2% year-over-year; for FY2025, it was $79 million, down 44.0% from FY2024.
- Research & Development has now declined for three consecutive years, though with a five-year compound annual growth rate of 7.1% (FY2020 to FY2025).
- In earlier years, Research & Development was $141 million in FY2024 (-15.6%), $167 million in FY2023 (-1.2%), $169 million in FY2022 (+26.1%) and $134 million in FY2021 (+139.3%).
- The Q2 2026 figure marks the highest quarterly Research & Development since Q4 2024.
- Compared with a year earlier, Research & Development was higher in two of the last eight quarters, with an average decline of 23.5%.
- The best year-over-year quarter for Research & Development over five years was Q4 2021 (growth of 214.0%); the worst was Q1 2025 (a decline of 48.8%).
- Per Business Quant data, OPEN's Research & Development in the three quarters before Q2 2026 was $24 million (Q1 2026), $18 million (Q4 2025) and $19 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (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 | - |
| 4 | Millrose Properties | 4.06 Bn | 4.06 Bn | - | - |
| 5 | St Joe | 3.76 Bn | 3.26 Bn | 73.42 Mn | - |
| 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 | 27.00 Mn |
| 8 | Forestar | 1.34 Bn | -3.23 Mn | 84.10 Mn | - |
| 9 | Five Point Holdings | 705.60 Mn | 734.37 Mn | -23.72 Mn | - |
| 10 | Tejon Ranch | 443.42 Mn | 378.40 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 27.00 Mn |
| Mar 31, 2026 | 24.00 Mn |
| Dec 31, 2025 | 18.00 Mn |
| Sep 30, 2025 | 19.00 Mn |
| Jun 30, 2025 | 21.00 Mn |
| Mar 31, 2025 | 21.00 Mn |
| Dec 31, 2024 | 33.00 Mn |
| Sep 30, 2024 | 30.00 Mn |
| Jun 30, 2024 | 37.00 Mn |
| Mar 31, 2024 | 41.00 Mn |
| Dec 31, 2023 | 46.00 Mn |
| Sep 30, 2023 | 42.00 Mn |
| Jun 30, 2023 | 39.00 Mn |
| Mar 31, 2023 | 40.00 Mn |
| Dec 31, 2022 | 48.00 Mn |
| Sep 30, 2022 | 40.00 Mn |
| Jun 30, 2022 | 41.00 Mn |
| Mar 31, 2022 | 40.00 Mn |
| Dec 31, 2021 | 32.00 Mn |
| Sep 30, 2021 | 27.00 Mn |
API Access
Opendoor Technologies Research & Development 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=research-and-development&ticker=OPEN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "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=research-and-development&ticker=OPEN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();