Opendoor Technologies (OPEN) Revenue — Quarter Ended Dec 31, 2024
Revenue for the quarter declined sharply from the preceding period. The year-over-year comparison, however, showed a gain versus the same quarter last year.
Key takeaway
Quarter ended Dec 31, 2024 · FY2024 Q4
Revenue for the quarter declined sharply from the preceding period. The year-over-year comparison, however, showed a gain versus the same quarter last year.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.1B
Revenue reported for this quarter.
Quarter-over-quarter
-21.3%
Change from the immediately preceding quarter.
Year-over-year
+24.6%
Change from the comparable year-ago quarter.
Trailing four quarters
$5.2B
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, 2024 | $1.2B | -62.1% |
| Jun 30, 2024 | $1.5B | -23.5% |
| Sep 30, 2024 | $1.4B | +40.5% |
| Dec 31, 2024 | $1.1B | +24.6% |
Revenue performance
Reported revenue decreased from the prior quarter, reversing the previous sequential increase.
Quarterly comparison
Compared with the immediately preceding quarter, revenue was lower. Versus the same quarter one year earlier, revenue was higher.
What to watch
The filing notes a need for additional capital to fund operations and growth, citing past market disruptions.