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CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($)
$ in Millions
Jun. 30, 2026
Dec. 31, 2025
Statement of Financial Position [Abstract]    
Common stock, par value (in dollars per share) $ 0.0001 $ 0.0001
Common stock authorized (in shares) 3,000,000,000 3,000,000,000
Common stock issued (in dollars per share) 968,626,958 957,245,487
Common stock outstanding (in dollars per share) 968,626,958 957,245,487
Restricted cash $ 66 $ 339
Real estate inventory, net 1,845 925
Escrow receivable 13 4
Other current assets 30 69
Assets [1] 2,961 2,407
Accounts payable and other accrued liabilities 78 80
Non-recourse asset-backed debt – current portion 691 52
Interest payable 3 1
Non-recourse asset-backed debt – net of current portion 1,071 1,068
Liabilities [2] 2,047 1,402
Variable Interest Entity, Primary Beneficiary    
Restricted cash 61 334
Real estate inventory, net 1,842 916
Escrow receivable 13 4
Other current assets 6 3
Assets 1,922 1,257
Accounts payable and other accrued liabilities 30 12
Non-recourse asset-backed debt – current portion 691 52
Interest payable 2 1
Non-recourse asset-backed debt – net of current portion 1,071 1,068
Liabilities $ 1,794 $ 1,133
[1] The Company’s consolidated assets at June 30, 2026 and December 31, 2025 include the following assets of certain variable interest entities (“VIEs”) that can only be used to settle the liabilities of those VIEs: Restricted cash, $61 and $334; Real estate inventory, net, $1,842 and $916; Escrow receivable, $13 and $4; Other current assets, $6 and $3; and Total assets of $1,922 and $1,257, respectively.
[2] The Company’s consolidated liabilities at June 30, 2026 and December 31, 2025 include the following liabilities for which the VIE creditors generally do not have recourse to Opendoor: Accounts payable and other accrued liabilities, $30 and $12; Current portion of non-recourse asset-backed debt, $691 and $52; Interest payable, $2 and $1; Non-recourse asset-backed debt, net of current portion, $1,071 and $1,068; and Total liabilities, $1,794 and $1,133, respectively. See “Note 4. Variable Interest Entities” for additional information regarding our VIEs.