Company / R&D Expense
Opendoor Technologies Inc. R&D Expense History
FY2018-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest R&D Expense
$79.0M
FY2025
5-year range
$51.0M / $167.0M
FY2021-FY2025
Trend
-44.0%
vs FY2024
Sector context
#2 of 4
Real Estate
What the data says
R&D Expense has fluctuated over the past 8 years, ranging from $28M in FY2018 to $167M in FY2023.
Based on SEC 10-K filings.
$79M in FY2025 with a 5-year CAGR of +7.1%.
Declined from $167M to $79M over the past 2 years.
Real Estate sector context is included.
R&D Expense over time
Growth rates
- 3-Year CAGR
- +12.2%
- 5-Year CAGR
- +7.1%
- 10-Year CAGR
- -
Sector benchmark
Key checks
Key Insights
- 5-year CAGR of +7.1%, indicating consistent growth.
- In FY2025, r&d expense decreased 44.0% year-over-year.
- Ranks #2 out of 4 companies in the Real Estate sector.
- Peak r&d expense was recorded in FY2023.
Company context
Key Data Points
- Altman Z-Score 0.56 (distress zone, below 1.8 threshold)
- Negative profit margin: -7.6%
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | R&D ExpenseValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $79.0M | -44.0% |
| FY2024 | $141.0M | -15.6% |
| FY2023 | $167.0M | +198.2% |
| FY2022 | $56.0M | +9.8% |
| FY2021 | $51.0M | -8.9% |
| FY2020 | $56.0M | +9.8% |
| FY2019 | $51.0M | +79.2% |
| FY2018 | $28.5M | - |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026