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Opendoor Technologies | 10-K: Annual report

Opendoor Technologies | 10-K:年度报表

SEC announcement ·  02/15 22:19
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Opendoor Technologies Inc., a prominent player in the residential real estate industry, reported a significant year-over-year decline in revenue from $15.567 billion in 2022 to $6.946 billion in 2023. The company's gross profit also saw a decrease from $667 million to $487 million, while net loss improved from $1.353 billion to $275 million. The number of homes sold dropped from 39,183 to 18,708, and homes purchased decreased from 34,962 to 11,246. Despite the downturn, Opendoor's gross margin improved from 4.3% to 7.0%. The company's inventory at the end of the period was reduced from $4.460 billion to $1.775 billion, reflecting a more conservative approach in a challenging housing market. Opendoor's mission to simplify the home buying and selling process has led to over 246,000 transactions and expansion into 50 markets. In 2023, partnerships with Zillow and eXp Realty were launched to enhance market penetration. Looking forward, Opendoor is focused on preserving flexibility and optimizing operations to navigate interest rate volatility and macroeconomic uncertainties in 2024.
Opendoor Technologies Inc., a prominent player in the residential real estate industry, reported a significant year-over-year decline in revenue from $15.567 billion in 2022 to $6.946 billion in 2023. The company's gross profit also saw a decrease from $667 million to $487 million, while net loss improved from $1.353 billion to $275 million. The number of homes sold dropped from 39,183 to 18,708, and homes purchased decreased from 34,962 to 11,246. Despite the downturn, Opendoor's gross margin improved from 4.3% to 7.0%. The company's inventory at the end of the period was reduced from $4.460 billion to $1.775 billion, reflecting a more conservative approach in a challenging housing market. Opendoor's mission to simplify the home buying and selling process has led to over 246,000 transactions and expansion into 50 markets. In 2023, partnerships with Zillow and eXp Realty were launched to enhance market penetration. Looking forward, Opendoor is focused on preserving flexibility and optimizing operations to navigate interest rate volatility and macroeconomic uncertainties in 2024.
住宅房地产行业的杰出参与者Opendoor Technologies Inc. 报告称,收入同比大幅下降,从2022年的155.67亿美元降至2023年的69.46亿美元。该公司的毛利润也从6.67亿美元下降至4.87亿美元,而净亏损从13.53亿美元增加到2.75亿美元。售出的房屋数量从39,183套下降到18,708套,购买的房屋从34,962套下降到11,246套。尽管经济低迷,但Opendoor的毛利率从4.3%提高到7.0%。该公司的库存在期末从44.60亿美元减少到17.75亿美元,这反映了在充满挑战的房地产市场中采取了更为保守的态度。Opendoor的使命是简化房屋买卖流程,已导致超过24.6万笔交易,并扩展到50个市场。2023年,启动了与Zillow和eXP Realty的合作伙伴关系,以提高市场渗透率。展望未来,Opendoor专注于保持灵活性和优化运营,以应对2024年的利率波动和宏观经济的不确定性。
住宅房地产行业的杰出参与者Opendoor Technologies Inc. 报告称,收入同比大幅下降,从2022年的155.67亿美元降至2023年的69.46亿美元。该公司的毛利润也从6.67亿美元下降至4.87亿美元,而净亏损从13.53亿美元增加到2.75亿美元。售出的房屋数量从39,183套下降到18,708套,购买的房屋从34,962套下降到11,246套。尽管经济低迷,但Opendoor的毛利率从4.3%提高到7.0%。该公司的库存在期末从44.60亿美元减少到17.75亿美元,这反映了在充满挑战的房地产市场中采取了更为保守的态度。Opendoor的使命是简化房屋买卖流程,已导致超过24.6万笔交易,并扩展到50个市场。2023年,启动了与Zillow和eXP Realty的合作伙伴关系,以提高市场渗透率。展望未来,Opendoor专注于保持灵活性和优化运营,以应对2024年的利率波动和宏观经济的不确定性。
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