{
  "docId": "019de517-77a6-722b-b2e4-13e1f8ce09c2",
  "docSlug": "3f7b1ba0a8354a7f9a0caf8fae864684",
  "documentTitle": "Opendoor | Investor Presentation Deck | 42 slides",
  "authorId": "opendoor",
  "authorName": "Opendoor",
  "documentKindSlug": "pitchdeck",
  "documentKindLabel": "Pitch deck",
  "sourceTypeSlug": "investor_relations",
  "sourceTypeLabel": "Investor relations",
  "presentationDate": "2023-11-01 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.7777778,
  "pageNumber": 37,
  "pageCount": 42,
  "prevPage": 36,
  "nextPage": 38,
  "slideType": "appendix",
  "function": "appendix",
  "density": "balanced",
  "nDataPoints": 0,
  "notes": null,
  "elementsJson": null,
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019de517-77a6-722b-b2e4-13e1f8ce09c2/37",
  "deckHref": "/decks/019de517-77a6-722b-b2e4-13e1f8ce09c2",
  "deckJsonHref": "/decks/019de517-77a6-722b-b2e4-13e1f8ce09c2.json",
  "deckAnchorHref": "/decks/019de517-77a6-722b-b2e4-13e1f8ce09c2#slide-37",
  "components": [
    {
      "bbox": {
        "h": 0.014,
        "w": 0.058,
        "x": 0.902,
        "y": 0.033
      },
      "kind": "source-note",
      "text": "Appendix",
      "attrs": {},
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "b8dba3ff-5b68-4030-acd8-fd71f3db499f",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.81,
        "w": 0.91,
        "x": 0.048,
        "y": 0.139
      },
      "kind": "table",
      "text": "Key Metric\nTotal Revenue\nAdjusted Gross Profit\nTotal Contribution Profit\nAdjusted EBITDA\nAdjusted Net Income\nKey Component\nLess: Net purchase price\nLess: Acquisition transaction costs\nLess: Net repairs\nLess: Ancillary product COGS\nLess: Inventory valuation adjustment (adjusted for non-gaap)\nLess: Holding costs (adjusted for non-gaap)\nLess: Selling costs (adjusted for non-gaap)\nLess: Marketing spend\nLess: Operations spend\nLess: Fixed opex (adjusted for non-gaap)\nLess: Holding costs (adjusted for non-gaap) and other\nLess: Financing costs / D&A / taxes interest income / other\nGAAP P&L Reference\nCost of revenue\nCost of revenue\nCost of revenue\nCost of revenue\nCost of revenue\nSales, marketing and operations\nSales, marketing and operations\nSales, marketing and operations\nSales, marketing and operations\nGeneral and administrative Technology and development Sales, marketing and operations\nSales, marketing and operations\nDescription\nTransaction revenue (net resale price x homes sold) + ancillary product revenue\nHeadline purchase price net of service charge\nTransaction costs related to the purchase of the property\nReno / repair spend net of any repair charges to seller\nCOGS related to ancillary products such as Title & Escrow\nInventory valuation adjustment recorded during the current period and prior period on homes sold in the relevant period (\"Resale Cohort\")\nGross Profit related to homes sold in a specific period\nProperty taxes, utilities, insurance, cleaning, and HOA dues recorded during the current period and prior period for the Resale Cohort\nBuyer broker commission, other transaction costs for the Resale Cohort\nContribution Profit related to homes sold in a specific period\nOnline, offline, and brand spend\nPrimarily related to customer sales, support, and home operations\nG&A, T&D, SM&O, and other overhead costs excluding Stock-based compensation, Intangibles amortization expense, Legal contingency accrual, and related expenses\nPrimarily related to holding costs for homes in inventory. These costs move to Contribution Profit as homes are sold\nAdjusted EBITDA excludes non-cash / non-recurring costs / costs not directly related to our revenue-generating operations\nDepreciation and amortization, property financing, interest, tax expenses, and interest income\nAdjusted Net Income is a proxy for operating free cash flow",
      "attrs": {},
      "subkind": "data",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "fe654400-1d2f-40d7-98b4-94598d8715b6",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.033,
        "w": 0.44,
        "x": 0.048,
        "y": 0.066
      },
      "kind": "title",
      "text": "Non-GAAP references",
      "attrs": {},
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "91977f6b-e55e-4692-9a26-7d952efc2611",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [
    {
      "name": "Table data",
      "slug": "table-data",
      "agent": null,
      "layer": "slide",
      "matchId": "6be2e5e2-5a22-45f5-8844-aaf6663f0262",
      "evidence": "table/data: Key Metric",
      "confidence": 0.8
    }
  ],
  "frameworks": [],
  "arcBeats": [],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}