Opendoor Technologies (OPEN) Revenue — Quarter Ended Dec 31, 2023
Revenue declined sharply from the prior quarter and fell dramatically compared to the same quarter a year earlier. The company's top line continued its downward trajectory.
Key takeaway
Quarter ended Dec 31, 2023 · FY2023 Q4
Revenue declined sharply from the prior quarter and fell dramatically compared to the same quarter a year earlier. The company's top line continued its downward trajectory.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$870M
Revenue reported for this quarter.
Quarter-over-quarter
-11.2%
Change from the immediately preceding quarter.
Year-over-year
-69.5%
Change from the comparable year-ago quarter.
Trailing four quarters
$6.9B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Mar 31, 2023 | $3.1B | -39.4% |
| Jun 30, 2023 | $2B | -52.9% |
| Sep 30, 2023 | $980M | -70.8% |
| Dec 31, 2023 | $870M | -69.5% |
Revenue performance
The reported revenue reflected a significant decline, extending the multi-quarter trend of decreasing sales.
Quarterly comparison
Compared to the immediately preceding quarter, revenue decreased, and the year-over-year comparison showed a substantial drop from the same period one year earlier.
What to watch
The company noted it will require additional capital to pursue business objectives amid uncertain market conditions.