OPEN Chart
About

Opendoor Technologies Inc. operates a digital platform for residential real estate transactions in the United States. It buys and sells homes through online e-commerce platform. The company also resells the home to a home buyer. In addition, it offers real estate brokerage, title insurance and settlement, and escrow services, as well as property and casualty insurance, real estate licenses, and construction services. The company was formerly known as Social Capital Hedosophia Holdings Corp. II and changed its name to Opendoor Technologies Inc. Opendoor Technologies Inc. was incorporated in 2013 and is based in Tempe, Arizona.

Fundamentals
Scroll to Statements
Sector Real Estate Industry Real Estate Services Market Cap 4.87B
Enterprise Value 5.26B Income -1.30B Sales 4.37B
Book/sh 1.05 Cash/sh 1.00 Dividend Yield —
Payout 0.00% Employees 1042 IPO —
P/E — Forward P/E -101.21 PEG —
P/S 1.12 P/B 4.87 P/C —
EV/EBITDA -22.95 EV/Sales 1.20 Quick Ratio 2.94
Current Ratio 7.03 Debt/Eq 131.34 LT Debt/Eq —
EPS (ttm) -0.44 EPS next Y -0.05 EPS Growth —
Revenue Growth -32.10% Earnings 2026-05-07 ROA -6.17%
ROE -151.34% ROIC — Gross Margin 8.01%
Oper. Margin -20.52% Profit Margin -29.74% Shs Outstand 953.79M
Shs Float 821.11M Short Float 13.83% Short Ratio 1.98
Short Interest — 52W High 10.87 52W Low 0.51
Beta 3.69 Avg Volume 63.18M Volume 39.12M
Target Price $4.33 Recom Hold Prev Close $4.78
Price $5.11 Change 6.90%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$4.33
Mean price target
2. Current target
$5.11
Latest analyst target
3. DCF / Fair value
$17.13
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$5.11
Low
$1.00
High
$8.00
Mean
$4.33

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2024-08-06 main Deutsche Bank Hold → Hold $2
2024-08-02 main JMP Securities Market Outperform → Market Outperform $3
2024-05-14 main UBS Neutral → Neutral $3
2024-05-03 main JMP Securities Market Outperform → Market Outperform $4
2024-04-12 reit JMP Securities Market Outperform → Market Outperform $5
2024-02-16 main JMP Securities Market Outperform → Market Outperform $5
2024-01-03 main JMP Securities Outperform → Outperform $5
2023-12-20 down BTIG Buy → Neutral —
2023-12-13 up Keefe, Bruyette & Woods Underperform → Market Perform $4
2023-11-21 init Deutsche Bank — → Hold $3
2023-11-07 main Morgan Stanley Equal-Weight → Equal-Weight $3
2023-09-29 init UBS — → Neutral $3
2023-09-26 up Gordon Haskett Underperform → Hold —
2023-09-25 main Citigroup Neutral → Neutral $3
2023-08-07 main Credit Suisse Outperform → Outperform $7
2023-08-04 main Morgan Stanley Equal-Weight → Equal-Weight $4
2023-07-24 init Morgan Stanley — → Equal-Weight $4
2023-07-19 down Gordon Haskett Hold → Underperform —
2023-07-13 reit JMP Securities Market Outperform → Market Outperform $5
2023-06-29 main JMP Securities Market Outperform → Market Outperform $5
Insider Transactions
Date Shares Value Url Text Insider Position Transaction Start Date Ownership
0 14282 — — Stock Award(Grant) at price 0.00 per share. FEDER ERIC Director — 2026-02-17 00:00:00 I
1 74248 320633 — Sale at price 4.32 per share. SCHWARTZ CHRISTINA MIGNACCA Chief Financial Officer — 2026-02-17 00:00:00 D
2 3390000 — — Stock Award(Grant) at price 0.00 per share. SCHWARTZ CHRISTINA MIGNACCA Chief Financial Officer — 2025-12-31 00:00:00 D
3 1708306 — — Stock Award(Grant) at price 0.00 per share. MATHESON LUCAS President — 2025-12-22 00:00:00 D
4 8200000 — — Stock Award(Grant) at price 0.00 per share. NGUYEN GIANG Chief Operating Officer — 2025-12-10 00:00:00 D
5 73951 583961 — Sale at price 7.90 per share. SCHWARTZ CHRISTINA MIGNACCA Chief Financial Officer — 2025-11-17 00:00:00 D
6 125000 1004562 — Purchase at price 8.04 per share. NEJATIAN KASRA Chief Executive Officer — 2025-11-11 00:00:00 D
7 400641 — — Stock Award(Grant) at price 0.00 per share. SCHWARTZ CHRISTINA MIGNACCA Chief Financial Officer — 2025-11-11 00:00:00 D
8 300752 2649625 — Purchase at price 8.81 per share. WU ERIC CHUNG-WEI Director — 2025-09-26 00:00:00 D
9 83353299 — — Stock Award(Grant) at price 0.00 per share. NEJATIAN KASRA Chief Executive Officer — 2025-09-15 00:00:00 D
Financials
Line Item2024-12-312023-12-312022-12-312021-12-31
TaxEffectOfUnusualItems-3.99M42.42M-21.42M3.24M
TaxRateForCalcs0.210.210.210.27
NormalizedEBITDA-186.00M-193.00M-774.00M-475.00M
TotalUnusualItems-19.00M202.00M-102.00M12.00M
TotalUnusualItemsExcludingGoodwill-19.00M202.00M-102.00M12.00M
NetIncomeFromContinuingOperationNetMinorityInterest-392.00M-275.00M-1.35B-662.00M
ReconciledDepreciation53.00M72.00M90.00M55.00M
ReconciledCostOfRevenue4.72B6.46B14.90B7.29B
EBITDA-205.00M9.00M-876.00M-463.00M
EBIT-258.00M-63.00M-966.00M-518.00M
NetInterestIncome-133.00M-211.00M-385.00M-143.00M
InterestExpense133.00M211.00M385.00M143.00M
NormalizedIncome-376.99M-434.58M-1.27B-670.76M
NetIncomeFromContinuingAndDiscontinuedOperation-392.00M-275.00M-1.35B-662.00M
TotalExpenses5.46B7.32B16.42B8.59B
TotalOperatingIncomeAsReported-320.00M-386.00M-931.00M-568.00M
DilutedAverageShares699.46M657.11M627.11M592.57M
BasicAverageShares699.46M657.11M627.11M592.57M
DilutedEPS-0.56-0.42-2.16-1.12
BasicEPS-0.56-0.42-2.16-1.12
DilutedNIAvailtoComStockholders-392.00M-275.00M-1.35B-662.00M
NetIncomeCommonStockholders-392.00M-275.00M-1.35B-662.00M
NetIncome-392.00M-275.00M-1.35B-662.00M
MinorityInterests0.00
NetIncomeIncludingNoncontrollingInterests-392.00M-275.00M-1.35B-662.00M
NetIncomeContinuousOperations-392.00M-275.00M-1.35B-662.00M
TaxProvision1.00M1.00M2.00M1.00M
PretaxIncome-391.00M-274.00M-1.35B-661.00M
OtherIncomeExpense45.00M309.00M-112.00M50.00M
OtherNonOperatingIncomeExpenses64.00M107.00M-10.00M38.00M
SpecialIncomeCharges-19.00M202.00M-102.00M0.00
OtherSpecialCharges2.00M-216.00M25.00M
ImpairmentOfCapitalAssets0.000.0060.00M0.00
RestructuringAndMergernAcquisition17.00M14.00M17.00M0.00
GainOnSaleOfSecurity12.00M
NetNonOperatingInterestIncomeExpense-133.00M-211.00M-385.00M-143.00M
InterestExpenseNonOperating133.00M211.00M385.00M143.00M
OperatingIncome-303.00M-372.00M-854.00M-568.00M
OperatingExpense736.00M859.00M1.52B1.30B
ResearchAndDevelopment141.00M167.00M169.00M134.00M
SellingGeneralAndAdministration595.00M692.00M1.35B1.16B
SellingAndMarketingExpense413.00M486.00M1.01B544.00M
GeneralAndAdministrativeExpense182.00M206.00M346.00M620.00M
OtherGandA182.00M206.00M346.00M620.00M
GrossProfit433.00M487.00M667.00M730.00M
CostOfRevenue4.72B6.46B14.90B7.29B
TotalRevenue5.15B6.95B15.57B8.02B
OperatingRevenue5.15B6.95B15.57B8.02B
Line Item2024-12-312023-12-312022-12-312021-12-31
OrdinarySharesNumber719.99M677.64M637.39M616.03M
ShareIssued719.99M677.64M637.39M616.03M
NetDebt1.63B1.51B4.22B5.33B
TotalDebt2.32B2.53B5.40B7.11B
TangibleBookValue710.00M958.00M1.07B2.18B
InvestedCapital3.02B3.48B6.44B9.31B
WorkingCapital2.47B3.38B4.96B4.94B
NetTangibleAssets710.00M958.00M1.07B2.18B
CapitalLeaseObligations15.00M24.00M45.00M46.00M
CommonStockEquity713.00M967.00M1.09B2.25B
TotalCapitalization2.58B3.48B5.07B5.06B
TotalEquityGrossMinorityInterest713.00M967.00M1.09B2.25B
StockholdersEquity713.00M967.00M1.09B2.25B
GainsLossesNotAffectingRetainedEarnings0.00-1.00M-4.00M-2.00M
OtherEquityAdjustments-1.00M-4.00M-2.00M
RetainedEarnings-3.73B-3.33B-3.06B-1.71B
AdditionalPaidInCapital4.44B4.30B4.15B3.96B
CapitalStock0.000.000.000.00
CommonStock0.000.000.000.00
TotalLiabilitiesNetMinorityInterest2.41B2.60B5.52B7.26B
TotalNonCurrentLiabilitiesNetMinorityInterest1.88B2.53B4.02B2.86B
OtherNonCurrentLiabilities1.00M1.00M
DerivativeProductLiabilities0.00
LongTermDebtAndCapitalLeaseObligation1.88B2.53B4.02B2.86B
LongTermCapitalLeaseObligation13.00M19.00M38.00M42.00M
LongTermDebt1.87B2.51B3.98B2.82B
CurrentLiabilities529.00M70.00M1.50B4.40B
CurrentDebtAndCapitalLeaseObligation434.00M5.00M1.38B4.25B
CurrentCapitalLeaseObligation2.00M5.00M7.00M4.00M
CurrentDebt432.00M1.38B4.25B
OtherCurrentBorrowings432.00M1.38B4.24B
LineOfCredit0.007.00M
PensionandOtherPostRetirementBenefitPlansCurrent17.00M
PayablesAndAccruedExpenses95.00M65.00M122.00M149.00M
CurrentAccruedExpenses78.00M56.00M88.00M122.00M
InterestPayable3.00M1.00M12.00M12.00M
Payables17.00M9.00M34.00M27.00M
TotalTaxPayable8.00M7.00M29.00M24.00M
AccountsPayable9.00M2.00M5.00M3.00M
TotalAssets3.13B3.57B6.61B9.51B
TotalNonCurrentAssets129.00M122.00M142.00M166.00M
OtherNonCurrentAssets60.00M22.00M27.00M7.00M
GoodwillAndOtherIntangibleAssets3.00M9.00M16.00M72.00M
OtherIntangibleAssets5.00M12.00M12.00M
Goodwill3.00M4.00M4.00M60.00M
NetPPE66.00M91.00M99.00M87.00M
AccumulatedDepreciation-75.00M-100.00M-90.00M-57.00M
GrossPPE141.00M191.00M189.00M144.00M
Leases0.002.00M2.00M2.00M
OtherProperties22.00M44.00M59.00M52.00M
MachineryFurnitureEquipment119.00M145.00M128.00M90.00M
Properties0.000.000.000.00
CurrentAssets3.00B3.44B6.47B9.34B
OtherCurrentAssets61.00M52.00M41.00M91.00M
AssetsHeldForSaleCurrent0.007.00M
RestrictedCash98.00M550.00M684.00M931.00M
Inventory2.16B1.77B4.46B6.10B
FinishedGoods1.58B1.14B3.57B4.12B
WorkInProcess577.00M640.00M891.00M1.97B
CashCashEquivalentsAndShortTermInvestments679.00M1.07B1.28B2.21B
OtherShortTermInvestments8.00M69.00M144.00M484.00M
CashAndCashEquivalents671.00M999.00M1.14B1.73B
CashEquivalents611.00M936.00M715.00M1.65B
CashFinancial60.00M63.00M422.00M81.00M
Line Item2024-12-312023-12-312022-12-312021-12-31
FreeCashFlow-620.00M2.31B693.00M-5.83B
RepurchaseOfCapitalStock0.00
RepaymentOfDebt-715.00M-2.88B-11.94B-6.03B
IssuanceOfDebt500.00M238.00M10.22B12.64B
IssuanceOfCapitalStock0.000.00886.00M
CapitalExpenditure-25.00M-37.00M-37.00M-34.00M
InterestPaidSupplementalData121.00M203.00M355.00M122.00M
EndCashPosition763.00M1.54B1.79B2.58B
BeginningCashPosition1.54B1.79B2.58B1.51B
ChangesInCash-777.00M-251.00M-787.00M1.07B
FinancingCashFlow-210.00M-2.64B-1.75B7.34B
CashFlowFromContinuingFinancingActivities-210.00M-2.64B-1.75B7.34B
NetOtherFinancingCharges-5.00M-36.00M-76.00M
ProceedsFromStockOptionExercised5.00M5.00M6.00M-82.00M
NetPreferredStockIssuance0.000.00
PreferredStockIssuance0.000.00
NetCommonStockIssuance0.000.00886.00M
CommonStockPayments0.00
CommonStockIssuance0.000.00886.00M
NetIssuancePaymentsOfDebt-215.00M-2.64B-1.72B6.61B
NetShortTermDebtIssuance-7.00M0.00
ShortTermDebtPayments-121.00M-192.00M
ShortTermDebtIssuance114.00M192.00M
NetLongTermDebtIssuance-215.00M-2.64B-1.72B6.61B
LongTermDebtPayments-715.00M-2.88B-11.94B-6.03B
LongTermDebtIssuance500.00M238.00M10.22B12.64B
InvestingCashFlow28.00M44.00M234.00M-476.00M
CashFlowFromContinuingInvestingActivities28.00M44.00M234.00M-476.00M
NetInvestmentPurchaseAndSale55.00M81.00M281.00M-409.00M
SaleOfInvestment55.00M81.00M334.00M92.00M
PurchaseOfInvestment0.000.00-53.00M-501.00M
NetBusinessPurchaseAndSale-2.00M0.00-10.00M-33.00M
PurchaseOfBusiness-2.00M0.00-10.00M-33.00M
NetIntangiblesPurchaseAndSale0.000.00-1.00M
PurchaseOfIntangibles0.000.00-1.00M
NetPPEPurchaseAndSale-25.00M-37.00M-37.00M-33.00M
PurchaseOfPPE-25.00M-37.00M-37.00M-33.00M
OperatingCashFlow-595.00M2.34B730.00M-5.79B
CashFlowFromContinuingOperatingActivities-595.00M2.34B730.00M-5.79B
ChangeInWorkingCapital-429.00M2.56B956.00M-5.72B
ChangeInOtherWorkingCapital3.00M21.00M54.00M-83.00M
ChangeInOtherCurrentLiabilities-6.00M-10.00M-8.00M-13.00M
ChangeInOtherCurrentAssets-10.00M-19.00M37.00M-52.00M
ChangeInPayablesAndAccruedExpense33.00M-48.00M-23.00M80.00M
ChangeInAccruedExpense2.00M-10.00M2.00M4.00M
ChangeInInterestPayable2.00M-10.00M2.00M4.00M
ChangeInPayable31.00M-38.00M-25.00M76.00M
ChangeInAccountPayable31.00M-38.00M-25.00M76.00M
ChangeInInventory-449.00M2.61B896.00M-5.66B
OtherNonCashItems64.00M79.00M746.00M48.00M
StockBasedCompensation114.00M126.00M171.00M536.00M
UnrealizedGainLossOnInvestmentSecurities7.00M1.00M35.00M-35.00M
AssetImpairmentCharge0.000.0060.00M0.00
DepreciationAmortizationDepletion53.00M72.00M90.00M55.00M
DepreciationAndAmortization53.00M72.00M90.00M55.00M
Depreciation53.00M72.00M90.00M55.00M
OperatingGainsLosses-12.00M-216.00M25.00M-12.00M
GainLossOnInvestmentSecurities-12.00M
GainLossOnSaleOfBusiness-14.00M0.000.00
NetIncomeFromContinuingOperations-392.00M-275.00M-1.35B-662.00M
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Public Trades for OPEN
Date User Asset Broker Type Position Size Entry Price Patterns