OPEN Opendoor Technologies margins

Relative Growth: Rel. Growth: 6

Relative Strength: Rel. Strength: 3

Relative Valuation: Rel. Valuation: 34

Relative Profitability: Rel. Profitability: 4

Gross margin

7.5%

Operating margin

-19%

EBITDA margin

-44.5%

Net margin

-49.1%

Opendoor Technologies shows a gross margin of 7.5%, an operating margin of -19%, an EBITDA margin of -44.5%, and a net margin of -49.1%, although its operating margin is negative at -19%, its EBITDA margin is negative at -44.5%, and its net margin is negative at -49.1%. Net margin drove the decline across the available margins, decreasing by 42.4 percentage points.

OPEN margin history

Gross, operating, EBITDA and net margin trends

Over the last 3 years, Opendoor Technologies's margins averaged 8.17% gross, -8.33% operating, -13.72% EBITDA, and -17.84% net. Each of the four current margins is below its three-year average.

OPEN margin expansion

Year-over-year margin changes in percentage points

The biggest contraction was in net margin, which fell by 42.4 percentage points. The other available margins also declined.

Gross margin expansion

-0.5pp

Operating margin expansion

-14.1pp

EBITDA margin expansion

-41.7pp

Net margin expansion

-42.4pp

OPEN Gross margin

Looking back over the last 3 years, Opendoor Technologies recorded an average gross margin of 8.17%. Opendoor Technologies's current gross margin is 7.5% and is 0.7 percentage points below its three-year average. The highest gross margin for Opendoor Technologies was 9% in Jun 2024, while the lowest was 7% in Dec 2023.

OPEN Operating margin

Across the last 3 years, Opendoor Technologies had an average operating margin of -8.33%. Right now, the current operating margin for Opendoor Technologies is -19%, 10.7 percentage points below its three-year average. Looking back over the last 3 years, Opendoor Technologies's operating margin reached -4.4% at its highest point in Jun 2025 and -19% at its lowest in Sep 2026.

OPEN EBITDA margin

Over the last 3 years, the average EBITDA margin for Opendoor Technologies was -13.72%. The latest EBITDA margin for Opendoor Technologies is -44.5%, 30.8 percentage points below its three-year average. Opendoor Technologies's EBITDA margin ranged from a low of -44.5% in Sep 2026 to a high of 0.1% in Dec 2023.

OPEN Net margin

In the last 3 years, Opendoor Technologies had an average net margin of -17.84%. Opendoor Technologies currently reports a net margin of -49.1%, 31.3 percentage points below its three-year average. Looking back over the last 3 years, Opendoor Technologies's net margin reached -4% at its highest point in Dec 2023 and -49.1% at its lowest in Sep 2026.

OPEN margin group comparison

Margins compared with peer-group, industry and sector averages

With a gross margin of 7.5%, OPEN stands below the Real Estate sector and the industry average. In comparison with its Real Estate sector average of 60.8%, Opendoor Technologies's gross margin is 88% lower.

Frequently asked questions

What is Opendoor Technologies's gross margin?

For the period ending Sep 30, 2026, OPEN recorded a gross margin of 7.5%.

What is Opendoor Technologies's operating margin?

For the period ending Sep 30, 2026, OPEN recorded an operating margin of -19%.

What is Opendoor Technologies's EBITDA margin?

As of Sep 30, 2026, OPEN has an EBITDA margin of -44.5%.

What is Opendoor Technologies's net margin?

As of Sep 30, 2026, OPEN has a negative net margin of -49.1%.

What are the average margins of OPEN?

Looking back over 3 years, OPEN recorded average margins of 8.2% gross, -8.3% operating, -13.7% EBITDA, and -17.8% net.

What are the highest historical margins of OPEN?

Over the last 5 years, Opendoor Technologies's highest margins were 9.7% gross in Jun 2022, -0.1% operating in Jun 2022, 0.5% EBITDA in Jun 2022, and -1.8% net in Jun 2022.

What are the lowest historical margins of OPEN?

In the last 5 years, the lowest margins reported by OPEN were -0.3% gross in Jun 2023, -19% operating in Sep 2026, -44.5% EBITDA in Sep 2026, and -49.1% net in Sep 2026.