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Operating Expense Breakdown
Details core costs like technology, marketing, and administrative expenses, providing insight into how efficiently Opendoor operates and where it focuses its resources to drive growth and streamline operations.Opendoor’s operating cost base is visibly slimming — marketing/operations and tech spend have been trimmed and recurring restructuring is intermittent — reflecting management’s efficiency push (AI, hosting and SaaS cuts). However, a recent large spike in G&A (concurrent with a one‑time financing/noncash charge) masks the underlying discipline. The story: fixed OpEx is being held flat and unit economics are improving, so if acquisition volume and faster resale velocity continue to scale, the leaner run rate supports management’s path to adjusted profitability; legacy inventory and one‑offs remain the main near‑term risks.
Date | General and Administrative | Technology and Development | Goodwill Impairment | Restructuring | Marketing and Operations |
|---|---|---|---|---|---|
Jun 30, 2026 | $135.00M | $27.00M | $0.00 | $3.00M | $65.00M |
Mar 31, 2026 | $137.00M | $24.00M | $0.00 | $0.00 | $70.00M |
Dec 31, 2025 | $129.00M | $18.00M | $0.00 | $0.00 | $60.00M |
Sep 30, 2025 | $48.00M | $19.00M | $0.00 | $1.00M | $66.00M |
Jun 30, 2025 | $28.00M | $21.00M | $0.00 | $6.00M | $86.00M |
Mar 31, 2025 | $33.00M | $21.00M | $0.00 | $3.00M | $98.00M |
Dec 31, 2024 | $41.00M | $33.00M | $0.00 | $17.00M | $88.00M |
Sep 30, 2024 | $46.00M | $30.00M | $0.00 | $0.00 | $96.00M |
Jun 30, 2024 | $48.00M | $37.00M | $0.00 | $0.00 | $116.00M |
Mar 31, 2024 | $47.00M | $41.00M | $0.00 | $0.00 | $113.00M |