Real-Estate Tech Companies — Annual Report Financials

Together, the 5 companies in this table reported $18.11B of revenue in their latest fiscal years. COMPASS, INC. is the largest at $6.96B, or 38.4% of the table's combined revenue, and AppFolio, Inc. the smallest at $951M.

Net margin (net income as a share of revenue) runs from 14.8% at AppFolio, Inc. down to −29.7% at Opendoor Technologies Inc.. 2 of the 5 reported a net loss for the year.

Among the 5 companies that report research and development separately, R&D spending ranges from 23.5% of revenue at ZILLOW GROUP, INC. to 1.8% at Opendoor Technologies Inc..

These are arithmetic on the reported figures above, nothing more: fiscal years can end on different dates, and a margin or a share says nothing about where a company is heading.

The smallest table in the catalogue, and deliberately so — the U.S.-listed proptech set with a full annual report and a refreshable EDGAR record is genuinely short, and padding it with adjacent brokerages would misrepresent the sector. The companies that are here close on the same date and disclose R&D consistently. Two of the five carry losses, so read net income alongside revenue rather than assuming profitability at this stage of the sector's development.

Every company in this table closes its financial year on the same date, so the rows describe the same twelve months and are directly comparable on timing. All 5 disclose research and development separately, which makes research intensity comparable across the whole table. Figures were retrieved from EDGAR on 2026-10-11.

Each row comes from that company's latest annual report (Form 10-K) on SEC EDGAR, and the “Source filing” column links the exact submission, so any cell can be checked in one click.

Company selection is a size-and-coverage editorial choice among U.S.-listed 10-K filers in the sector, not a ranking, rating, or recommendation of any company. How every table is built and refreshed is set out once, on the verified data tables methodology.

These are the reported baselines — the questions that decide strategy (share shifts, pricing models, segment growth, what the filings say beneath the totals) are what our research briefs answer. Start with the Real-estate tech research practice, or size the opportunity yourself with the market-size calculator.