Opendoor Technologies (OPENL) Cost of Revenue (2019 - 2026)
Opendoor Technologies (OPENL) recorded Cost of Revenue of $797 million in Q2 2026, down 44.6% from $1.44 billion a year earlier but up 23.0% from the prior quarter.
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Analysis
Opendoor Technologies (OPENL) Cost of Revenue (2019 - 2026) Analysis & Trends
On a TTM basis, Opendoor Technologies' Cost of Revenue came in at $2.97 billion as of Jun 30, 2026, down 37.6% year-over-year; for FY2025, it came in at $4.02 billion, down 14.8% from FY2024.
- Annual Cost of Revenue has declined for three straight years, though with a five-year compound annual growth rate of 11.2% (FY2020 to FY2025).
- Across earlier years, Cost of Revenue came in at $4.72 billion in FY2024 (-26.9%), $6.46 billion in FY2023 (-56.7%), $14.9 billion in FY2022 (+104.4%) and $7.29 billion in FY2021 (+208.5%).
- Quarterly Cost of Revenue has ranged from $648 million in Q1 2026 to $4.62 billion in Q1 2022 over the past five years.
- On a year-over-year basis, Cost of Revenue has declined for four consecutive quarters, with an average decline of 9.6% over the last eight quarters.
- Peak year-over-year performance for Cost of Revenue in the last five years was growth of 610.2% in Q1 2022, against a decline of 76.7% in Q3 2023 at the low end.
- Per Business Quant, the preceding three quarters came in at $648 million (Q1 2026), $679 million (Q4 2025) and $849 million (Q3 2025).
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Peer Comparison
Historic Data
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Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 984.00 Mn |
| Jun 30, 2026 | 797.00 Mn |
| Mar 31, 2026 | 648.00 Mn |
| Dec 31, 2025 | 679.00 Mn |
| Sep 30, 2025 | 849.00 Mn |
| Jun 30, 2025 | 1.44 Bn |
| Mar 31, 2025 | 1.05 Bn |
| Dec 31, 2024 | 999.00 Mn |
| Sep 30, 2024 | 1.27 Bn |
| Jun 30, 2024 | 1.38 Bn |
| Mar 31, 2024 | 1.07 Bn |
| Dec 31, 2023 | 798.00 Mn |
| Sep 30, 2023 | 884.00 Mn |
| Jun 30, 2023 | 1.83 Bn |
| Mar 31, 2023 | 2.95 Bn |
| Dec 31, 2022 | 2.79 Bn |
| Sep 30, 2022 | 3.79 Bn |
| Jun 30, 2022 | 3.71 Bn |
| Mar 31, 2022 | 4.62 Bn |
| Dec 31, 2021 | 3.55 Bn |
API Access
Opendoor Technologies Cost of Revenue 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=cost-of-revenue&ticker=OPENL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cost-of-revenue", "ticker": "OPENL", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=OPENL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();