Opendoor Technologies Inc (OPEN) — Working Capital to Net Assets Ratio
Opendoor Technologies Inc (OPEN) has a Working Capital to Net Assets ratio of 196.2% as of December 2025. Working capital of $1.97 Billion (current assets of $2.30 Billion minus current liabilities of $327.00 Million) is measured against net assets of $1.00 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See OPEN defensive asset coverage days to measure how many days the company can operate on defensive assets alone.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Opendoor Technologies Inc Working Capital to Net Assets (2018–2025)
This chart shows how Opendoor Technologies Inc's Working Capital to Net Assets ratio has evolved across 8 annual periods from 2018 to 2025. As of December 2025, the ratio stands at 196.2%, reflecting working capital of $1.97 Billion against net assets of $1.00 Billion USD. For the complete balance sheet picture, see Opendoor Technologies Inc total assets.
Annual Working Capital to Net Assets for Opendoor Technologies Inc (2018–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Opendoor Technologies Inc from 2018 to 2025, covering 8 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. Check financial resilience of Opendoor Technologies Inc to evaluate the company's liquid asset resilience ratio.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 196.2% | $1.97 Billion | $1.00 Billion | $2.30 Billion | $327.00 Million | ▼ -149.9 pp |
| 2024 | 346.1% | $2.47 Billion | $713.00 Million | $3.00 Billion | $529.00 Million | ▼ -2.9 pp |
| 2023 | 349.0% | $3.38 Billion | $967.00 Million | $3.44 Billion | $70.00 Million | ▼ -107.8 pp |
| 2022 | 456.8% | $4.96 Billion | $1.09 Billion | $6.47 Billion | $1.50 Billion | ▲ +237.1 pp |
| 2021 | 219.8% | $4.94 Billion | $2.25 Billion | $9.34 Billion | $4.40 Billion | ▲ +112.9 pp |
| 2020 | 106.9% | $1.66 Billion | $1.55 Billion | $2.05 Billion | $393.00 Million | ▲ +238.0 pp |
| 2019 | -131.1% | $961.26 Million | $-733.10 Million | $2.09 Billion | $1.13 Billion | ▼ -241.8 pp |
| 2018 | 110.7% | $739.98 Million | $668.52 Million | $1.81 Billion | $1.07 Billion | — |