Opendoor Investor Presentation Deck
Non-GAAP references
$ IN MILLIONS
Operating Expenses (GAAP)
Adjustments:
Direct selling costs
Holding costs on sales included in contribution profit
Stock-based compensation
Intangibles amortization expense
Restructuring
Goodwill impairment
Legal contingency accrual
Depreciation and amortization, excluding amortization of intangibles
Other
Adjusted Operating Expenses
Revenue
Adjusted Operating Expenses Margin
June 30,
2022
$454
($100)
($34)
($59)
($3)
($42)
($12)
$204
$4,198
4.9%
September 30, December 31,
2022
2022
$385
$342
($100)
($32)
($52)
($2)
($8)
($2)
$189
$3,361
Three Months Ended
5.6%
($78)
($37)
$7
($2)
($17)
($60)
($1)
($12)
$2
$144
$2,857
5.0%
March 31,
2023
$294
($85)
($54)
($42)
($2)
($12)
$1
$100
$3,120
3.2%
June 30,
2023
$217
($58)
($39)
($21)
($1)
($10)
($9)
($1)
$78
$1,976
3.9%
September 30,
2023
$175
($28)
($13)
($31)
($2)
($9)
$92
$980
Appendix
9.4%
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