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OPEN US​

Opendoor Technologies Inc.(OPEN US)

$1.98-0.041.98%Ext:$1.99+0.010.51%(Market Closed · 23:47:22 UTC)

Overview

ProfileEntity Structure

Documents

SEC Filings

Financials & Metrics

FinancialsChartingShort InterestEmployees

Opendoor Technologies Inc. — Company Profile

Founded in 2013, Opendoor Technologies Inc. provides a digital ecosystem for residential real estate transactions throughout the United States. This platform allows individuals to efficiently purchase and sell homes entirely online. Based in Tempe, Arizona, the company further offers supporting services like title insurance and escrow.

Sector
Real Estate
Industry
Real Estate Management & Development
Exchange
UQ
CEO
Kasra Nejatian
Headquarters
Tempe, AZ, US
IPO Date
Jun 18, 2020
Employees
1,042
Website
www.opendoor.com

Key Metrics

Price
$2.44
Market Cap
$2.35B
Revenue (TTM)
$720.00M
Net Income (TTM)
$-173000000.00
EPS (TTM)
-0.18
P/E (TTM)
-1.70
P/B (TTM)
2.47
Dividend Yield
0.00%
ROE (TTM)
-18.13%
ROA (TTM)
-7.36%
Operating Margin
-22.08%
Beta
1.90

Dividends

Last Dividend
$0.00
Last Yield
0.00%

Summary

Founded in 2013, Opendoor Technologies Inc. provides a digital ecosystem for residential real estate transactions throughout the United States. This platform allows individuals to efficiently purchase and sell homes entirely online. Based in Tempe, Arizona, the company further offers supporting services like title insurance and escrow.

Website
www.opendoor.com
Location
Tempe, AZ, US
Phone415 896 6737
Employees1,042
CEOKasra Nejatian
Sector
Real Estate
Industry
Real Estate Management & Development
IPO DateJun 18, 2020

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Business model, segments, and competition.
Peer comparison
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Guidance & outlook
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Valuation snapshot
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Latest Documents

SEC Filings(669)

Expand
  • 8-KDeparture of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers21 Oct
  • 4Statement of changes in beneficial ownership16 Oct
  • 144Nguyen Giang16 Oct
  • 4Statement of changes in beneficial ownership16 Sep
  • 8-KEntry into a Material Definitive Agreement19 Aug
  • 4Statement of changes in beneficial ownership14 Aug
  • SC 13G/AOpendoor Technologies Inc.13 Aug
  • 8-KEntry into a Material Definitive Agreement13 Aug
  • 10-QQ2ended 30 Jun 20264 Aug
  • 8-KResults of Operations and Financial Condition4 Aug
  • SC 13GOpendoor Technologies Inc.29 Jul
  • 4Statement of changes in beneficial ownership17 Jul
  • 144Nguyen Giang17 Jul
  • 4Statement of changes in beneficial ownership16 Jun
  • 144Benson David C16 Jun
  • 4Statement of changes in beneficial ownership15 Jun
  • 4Statement of changes in beneficial ownership15 Jun
  • 4Statement of changes in beneficial ownership15 Jun
  • 4Statement of changes in beneficial ownership15 Jun
  • 4Statement of changes in beneficial ownership15 Jun

News

  • Opendoor Is Now Down 64% This Year: Is OPEN Stock a Falling Knife or Poised for a Comeback?20 Oct
  • Stock Market Today, Oct. 16: Opendoor Slides on Fresh 52-Week Lows Amid Higher Debt Costs16 Oct
  • Here's why Zillow Group, Better Home, and Opendoor stocks are rising today15 Oct
  • Opendoor and Zillow Surge 7% as Long-Term Rates Retreat; Compass Climbs 6%15 Oct
  • Can Opendoor's Capital-Light Model Expand Its Housing Market Reach?9 Oct
  • Opendoor Has Lost a Half of Its Value in 2026. Is It Time to Buy?9 Oct
  • OPEN's Mortgage Push: Can 35-40 States Unlock Its Next Growth Phase?1 Oct
  • Prediction: These 4 Stocks Will 4x in the Next 10 Years25 Sep
  • Opendoor Slides 5% as Housing Names Fall Together; Zillow and Offerpad Drop 3%23 Sep
  • Can Opendoor Reverse Its Historical Q4 Margin Decline in 2026?22 Sep
  • Opendoor Gains 5% but Is Still Down 24% in a Month. Will the Bulls or Bears Win?21 Sep
  • Rate Hike Jitters Rattle iBuyer Stocks: Opendoor Falls 4%, Zillow Slides 2% but Offerpad Holds Steady15 Sep
  • US CPI today: 5 stocks that could explode if inflation delivers a surprise11 Sep
  • CARNIVAL TROPICALE RESERVATIONS NOW OPEN, SETTING SAIL FROM GALVESTON IN 202810 Sep
  • Opendoor Sinks 7% as Yield Spike Meets Delayed Profit Timeline, Offerpad and Zillow Group Trail10 Sep
  • Opendoor Home Loans Exits Beta With Fixed- and Adjustable-Rate Mortgages4 Sep
  • Offerpad Rallies 7%, Opendoor Edges Higher: Is Rate Relief Reaching the iBuyers?2 Sep
  • Should You Avoid Opendoor Stock, Even at a 52-Week Low?1 Sep
  • Opendoor Sinks 4% on Modest Market Pullback: Is High-Beta Selling the Whole Story?31 Aug
  • Can OPEN Reach Adjusted Net Income Breakeven at $9B Revenue Run Rate?27 Aug

Mentions in Filings

  • … low barriers to entry. As a result, there are a number of established and emerging competitors in the proptech market. For instance, we would face competition from other real estate platform companies such as <strong>Opendoor Technologies Inc.</strong> (NASDAQ: OPEN) (“Opendoor”), Offerpad Solutions Inc. (NYSE: OPAD), Zillow (NASDAQ: Z) (“Zillow”), Rocket Mortgage, LLC (NYSE: RKT) (“Rocket Mortgage”) and Homes.com, as well as a range of emerging new entrants …
    reAlpha Tech Corp.Opendoor Technologies Inc.·ARS - Annual report to security holders·FY25·25 Sep
  • … an. 1. “Mortgage Originators and Platforms” include loanDepot, PennyMac Financial Services, Rocket Companies, UWM Holdings and Walker & Dunlop. 2. “Mortgage / Real Estate Tech Platforms” include Blend Labs, nCino, <strong>Opendoor Technologies</strong> and Zillow Group. 2 --- The annualized total shareholder returns Mr. Garg generated during his tenure were the lowest among mortgage CEOs Mr. Garg Has the Worst Track Record Among His Peers 14 2 18% 13% 11% (7%) …
    Better Home & Finance Holding CoOpendoor Technologies Inc.·DEFA14A - Definitive additional materials·Q3 26·31 Aug
  • #\*Opendoor Technologies, Inc. 1,429,697 7,362,940 \*RE/MAX Holdings, Inc., Class A 65,090 506,400
    Dimensional ETF TrustOpendoor Technologies Inc.·NPORT-EX - NT NPORT-P - Notification of late filing (portfolio holdings)·Q1 26·13 Aug
  • … nie Mae, he spent 14 years in leadership roles within Merrill Lynch’s institutional fixed-income businesses in New York and London. Mr. Benson currently serves on the boards of Essent Group Ltd (NYSE: ESNT) and <strong>Opendoor Technologies Inc.</strong> (Nasdaq: OPEN). He earlier served on the Board of Managers of U.S. Fintech (formerly Common Securitization Solutions) and the Board of Directors of Fannie Mae (OTC: FNMA). Mr. Benson holds an MBA from Stanford G …
    Science Applications International CorpOpendoor Technologies Inc.·8-K - Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers·Q3 27·10 Aug
  • … arly skilled personnel, including CBRE Group, Inc., Colliers International Group, Inc., Compass, Inc., Cushman & Wakefield plc, FirstService Corporation, Jones Lang LaSalle Incorporated, Marcus & Millichap Inc., <strong>Opendoor Technologies Inc.</strong>, RE/MAX Holdings, Inc., Savills plc, and Zillow Group, Inc. While we determine these levels by reviewing publicly available information with respect to our peer group of companies and others, we generally do not …
    NEWMARK GROUP, INC.Opendoor Technologies Inc.·DEF 14A - PROXY STATEMENT·Q3 26·7 Aug
  • … ationally-focused team with deep public markets expertise together with next-generation, AI-enabled capital deployment strategies across digital and traditional assets, powered by proprietary algorithms developed by EMJX’s founder Eric Jackson. The Company has already made investments in areas it considers to be high-potential growth drivers, in companies such as Astro Capital, <strong>Opendoor Technologies Inc.</strong>, Uber Technologies and Optimi Health Corp.
    SRX Global Inc.Opendoor Technologies Inc.·424B3 - Prospectus filing (Rule 424(b)(3))·Q4 26·16 Jul

Key Stats

Trading

Px/Chg 1D$2.44 / +1.67%
Avg Volume40.76M
Beta1.90
Mkt Cap2.35B
FD Mkt Cap3.07B

Float

Shrs Out/Float964.74M / 806.04M
Short Float0.28%
Days to Cover3.04
Stock Repurchased$0.00

Current Valuation

EV1.55B
EV/EBITDA-1.26
EV/Sales0.39
P/B2.47
P/S0.60
FCF Yield-10.62%
ROE-18.13%
ROA-7.36%
Current Ratio7.07

Estimates

P/E-1.70
Est P/EN/A
Est EPSN/A
Est PEGN/A

Valuation

Metric5Yr AvgMay '23May '24May '25May '26Oct '26
PRICE-BASED RATIOS
Price / Earnings-4.83-0.62-4.78-1.32-3.82-13.61
Price / Sales1.860.050.190.105.693.27
Price / Book Value1.900.771.360.724.162.47
Price / Free Cash Flow10.801.210.57-0.8362.47-9.42
ENTERPRISE VALUE METRICS
Enterprise Value3,015.95,103.32,849.22,162.93,416.31,548.0
Enterprise Value / Sales1.590.330.410.424.642.15
Enterprise Value / EBITDA57.54-5.83316.58-8.90-3.23-10.90
Enterprise Value / EBIT-14.27-5.28-45.23-7.31-3.20-10.32

Financials

Full Financials
Millions USD5Yr CAGR (%)Dec '21Dec '22Dec '23Dec '24Dec '25
INCOME STATEMENT
Revenue-14.1%8,021.015,567.06,946.05,153.04,371.0
Gross Income-19.7%730.0667.0487.0433.0304.0
EBITDA21.9%-509.0-876.09.0-243.0-1,123.0
EBIT20%-564.0-966.0-63.0-296.0-1,169.0
Net Income18.4%-662.0-1,353.0-275.0-392.0-1,300.0
EPS (Diluted)11%-1.12-2.16-0.42-0.56-1.70
BALANCE SHEET
Cash & ST Inv-18.8%2,215.01,281.01,068.0679.0962.0
Total Assets-29.1%9,506.06,608.03,567.03,126.02,407.0
Total Liabilities-33.7%7,258.05,522.02,600.02,413.01,402.0
Total Shareholder Equity-18.2%2,248.01,086.0967.0713.01,005.0
CASH FLOW
Net Operating Cash Flow—-5,794.0730.02,344.0-595.01,049.0
Cap Ex-22.3%-33.0-37.0-37.0-25.0-12.0
Free Cash Flow—-5,827.0693.02,307.0-620.01,037.0

Enterprise Value Bridge

Millions USD23 Oct '26
Price (As of 23 Oct '26)1.95
Basic Shares964.74
Market Cap1,881.2
Diluted Shares959.33
Fully Diluted Shares Outstanding959.33
Fully Diluted Market Cap1,870.7
+Consolidated Debt193.0
−In-the-Money Convertible Debt—
+Capital Leases-
+Operating Leases—
−Cash & Equivalents-999.0
−Short-term Investments-
+Total Preferred-
−In-the-Money Convertible Preferred—
−Investments in Unconsolidated Subs—
+Non-Controlling Interest-
+Pension Liabilities—
Enterprise Value1,075.2

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