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Opendoor Technologies
(NASDAQ:OPEN)
Opendoor Technologies (OPEN) vs. SPDR S&P 500 ETF (SPY)
Opendoor Technologies Business Overview & Revenue Model
Opendoor Technologies Key Performance Indicators (KPIs)
Tracks the number of homes Opendoor buys and sells, reflecting its market activity, growth trajectory, and ability to scale its business model in the real estate market.
Main Street DataOpendoor Technologies Earnings Call Summary
Opendoor Technologies Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 5.18B | 5.15B | 6.95B | 15.57B | 8.02B | 2.58B |
| Gross Profit | 417.00M | 433.00M | 487.00M | 667.00M | 730.00M | 219.80M |
| EBITDA | -116.00M | -243.00M | -290.00M | -761.00M | -509.00M | -121.00M |
| Net Income | -305.00M | -392.00M | -275.00M | -1.35B | -662.00M | -253.00M |
Balance Sheet | ||||||
| Total Assets | 2.91B | 3.13B | 3.57B | 6.61B | 9.51B | 2.18B |
| Cash, Cash Equivalents and Short-Term Investments | 789.00M | 679.00M | 1.07B | 1.28B | 2.21B | 1.46B |
| Total Debt | 437.00M | 2.32B | 2.53B | 5.40B | 7.11B | 549.13M |
| Total Liabilities | 2.28B | 2.41B | 2.60B | 5.52B | 7.26B | 623.00M |
| Stockholders Equity | 631.00M | 713.00M | 967.00M | 1.09B | 2.25B | 1.55B |
Cash Flow | ||||||
| Free Cash Flow | 511.00M | -620.00M | 2.31B | 693.00M | -5.83B | 665.00M |
| Operating Cash Flow | 526.00M | -595.00M | 2.34B | 730.00M | -5.79B | 682.00M |
| Investing Cash Flow | -3.00M | 28.00M | 44.00M | 234.00M | -476.00M | -22.00M |
| Financing Cash Flow | -249.00M | -210.00M | -2.64B | -1.75B | 7.34B | 161.00M |
Opendoor Technologies Technical Analysis
Opendoor Technologies Risk Analysis
Opendoor Technologies Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | $3.95B | 19.40 | 11.62% | ― | 4.63% | 887.64% | |
67 Neutral | $1.78B | ― | -12.78% | 1.77% | 3.55% | -36.05% | |
66 Neutral | $287.44M | 18.73 | 2.21% | ― | -5.21% | ― | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
59 Neutral | $21.43B | 38.68 | 5.60% | 2.02% | 32.76% | -2.01% | |
51 Neutral | $5.87B | ― | -41.33% | ― | 14.07% | 27.59% | |
46 Neutral | $84.10M | ― | -111.30% | ― | -30.44% | 15.55% |
Opendoor Technologies Corporate Events
On September 11, 2025, the U.S. District Court for the District of Arizona granted preliminary approval for a settlement in a derivative action involving Opendoor Technologies Inc. This settlement, which includes related litigation in Delaware, involves Opendoor adopting corporate governance reforms in exchange for a full release of claims. The settlement follows a global mediation held on February 7, 2025, and aims to resolve multiple shareholder derivative actions against the company and its executives.
The most recent analyst rating on (OPEN) stock is a Sell with a $1.00 price target. To see the full list of analyst forecasts on Opendoor Technologies stock, see the OPEN Stock Forecast page.
Opendoor Technologies Inc. announced the appointment of Christy Schwartz as interim Chief Financial Officer effective September 30, 2025, following the departure of Selim Freiha on September 19, 2025. Schwartz, who has previously served in various roles within the company, including interim CFO and Chief Accounting Officer, will hold the interim position until May 15, 2026, or until a new CFO is appointed. Her compensation package includes a base salary of $1,200,000 and 400,641 restricted stock units, with specific terms for vesting and severance.
The most recent analyst rating on (OPEN) stock is a Sell with a $0.70 price target. To see the full list of analyst forecasts on Opendoor Technologies stock, see the OPEN Stock Forecast page.
Opendoor Technologies Inc. announced its intention to expand its product offerings to cover the entire continental United States in the coming weeks. This expansion will involve utilizing direct cash offers, cash plus options, or working with partner agents to provide listing services, potentially enhancing its market reach and operational capabilities.
The most recent analyst rating on (OPEN) stock is a Sell with a $0.70 price target. To see the full list of analyst forecasts on Opendoor Technologies stock, see the OPEN Stock Forecast page.
On September 10, 2025, Opendoor Technologies announced significant leadership changes and a $40 million investment through private equity financing. Kaz Nejatian, formerly of Shopify, was appointed as the new CEO, while co-founders Keith Rabois and Eric Wu returned to the board, with Rabois becoming Chairman. These changes are aimed at leveraging AI to enhance Opendoor’s operations and market positioning as an AI-first company, with the investment from Khosla Ventures and Wu intended to accelerate growth and innovation.
The most recent analyst rating on (OPEN) stock is a Sell with a $1.00 price target. To see the full list of analyst forecasts on Opendoor Technologies stock, see the OPEN Stock Forecast page.
On August 15, 2025, Opendoor Technologies announced that Carrie Wheeler stepped down as CEO and board member, with Shrisha Radhakrishna appointed as interim principal executive officer. Wheeler will remain as an advisor to ensure a smooth transition until the end of 2025, while the board searches for a permanent successor. Eric Feder was appointed as Lead Independent Director to assist during the transition. Radhakrishna, previously the Chief Technology & Product Officer, brings experience from LegalZoom and Intuit, enhancing Opendoor’s leadership during this period of change.
The most recent analyst rating on (OPEN) stock is a Hold with a $2.00 price target. To see the full list of analyst forecasts on Opendoor Technologies stock, see the OPEN Stock Forecast page.
Opendoor Technologies Inc. recently held its earnings call, revealing a mix of strategic progress and ongoing challenges. The general sentiment was cautiously optimistic, as the company achieved its first quarter of adjusted EBITDA profitability in three years, despite facing a tough housing market. The launch of new products and a strengthened agent network were highlighted as positive steps towards future growth, though macroeconomic challenges and lower contribution margins remain significant hurdles.
Opendoor Technologies Inc. is a company focused on transforming the U.S. residential real estate market by simplifying the home selling process through technology and data-driven solutions. The company operates primarily in the real estate sector, offering a unique cash offer model that provides speed, certainty, and control to home sellers.
On August 5, 2025, Opendoor Technologies reported its financial results for the second quarter of 2025, highlighting a revenue of $1.6 billion and achieving its first quarter of Adjusted EBITDA profitability since 2022. Despite challenging housing market conditions, the company sold 4,299 homes and improved its net loss position to $29 million. Opendoor is expanding its agent-led distribution platform to offer more solutions to homeowners, aiming to capture capital-light revenue streams and enhance its operational model.
The most recent analyst rating on (OPEN) stock is a Hold with a $2.00 price target. To see the full list of analyst forecasts on Opendoor Technologies stock, see the OPEN Stock Forecast page.
On July 31, 2025, Opendoor Technologies Inc. announced it regained compliance with Nasdaq’s minimum bid price requirement, as its stock maintained a closing bid price of at least $1.00 for 12 consecutive business days. Consequently, the company canceled a Special Meeting of Stockholders scheduled for August 27, 2025, which was intended to discuss a reverse stock split, as the Board deemed it unnecessary following the regained compliance.
The most recent analyst rating on (OPEN) stock is a Hold with a $3.00 price target. To see the full list of analyst forecasts on Opendoor Technologies stock, see the OPEN Stock Forecast page.