Similar companies
Income Statement (USD)
| Q1 '25 | QoQ | |
|---|---|---|
| Revenue | 1.15B | 6.4% |
| Gross Profit | 99M | 16.5% |
| Cost of Revenue | 1.05B | 5.5% |
| Operating expense | 1.21B | 573.7% |
| Net Income | -85M | 24.8% |
Balance Sheet (USD)
| Q1 '25 | QoQ | |
|---|---|---|
| Total Assets | 3.28B | 4.8% |
| Total Liabilities | 2.63B | 9.1% |
| Total Equity | 645M | 9.5% |
| Shares Outstanding | 727M | 1.5% |
Cash Flow (USD)
| Q1 '25 | QoQ | |
|---|---|---|
| Cash from operations | -279M | 248.8% |
| Cash from financing | 207M | 199.5% |
EPS
Financial Highlights for Opendoor in Q1 '25
Opendoor reported a revenue of 1.15B, which is a 6.4% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 99M, marking a 16.5% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 1.05B, a 5.5% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 1.21B, showing a 573.7% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was -85M, showing a 24.8% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
It was a positive quarter for Opendoor with growth in revenue, gross profit, and net income. Higher operating expenses might indicate increased investments or potential inefficiencies.
