Opendoor Technologies OPEN
NASDAQ OPEN
$3.00 -0.07 (-2.28%)
As of: Sep 9, 2026 · 3:59 PM EDT

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

Historic Data

Download Data
DateValue
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