CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands |
12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2020 |
Dec. 31, 2019 |
Dec. 31, 2018 |
|
| REVENUE: | |||
| REVENUE | $ 2,583,121 | $ 4,740,583 | $ 1,838,066 |
| COST OF REVENUE | 2,363,324 | 4,439,333 | 1,704,638 |
| GROSS PROFIT | 219,797 | 301,250 | 133,428 |
| OPERATING EXPENSES: | |||
| Sales, marketing and operations | 194,721 | 384,416 | 196,292 |
| General and administrative | 152,769 | 113,446 | 72,350 |
| Technology and development | 58,172 | 51,222 | 28,458 |
| Total operating expenses | 405,662 | 549,084 | 297,100 |
| LOSS FROM OPERATIONS | (185,865) | (247,834) | (163,672) |
| DERIVATIVE AND WARRANT FAIR VALUE ADJUSTMENT | (25,941) | 6,243 | (18,022) |
| LOSS ON EXTINGUISHMENT OF DEBT | (11,356) | ||
| INTEREST EXPENSE | (67,806) | (109,728) | (60,456) |
| OTHER INCOME - Net | 4,271 | 12,401 | 2,598 |
| LOSS BEFORE INCOME TAXES | (286,697) | (338,918) | (239,552) |
| INCOME TAX EXPENSE | (63) | (252) | (377) |
| NET LOSS | (286,760) | (339,170) | (239,929) |
| LESS NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS | 1,847 | 1,362 | |
| NET LOSS ATTRIBUTABLE TO OPENDOOR TECHNOLOGIES INC. | $ (286,760) | $ (341,017) | $ (241,291) |
| Net loss per share attributable to common shareholders: | |||
| Basic | $ (2.62) | $ (4.26) | $ (3.16) |
| Diluted | $ (2.62) | $ (4.37) | $ (3.16) |
| Weighted-average shares outstanding: | |||
| Basic | 109,301 | 79,977 | 78,564 |
| Diluted | 109,301 | 79,977 | 78,564 |