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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 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 5.15B | 6.95B | 15.57B | 8.02B | 2.58B |
| Gross Profit | 433.00M | 487.00M | 667.00M | 730.00M | 219.80M |
| EBITDA | -243.00M | -290.00M | -761.00M | -463.00M | -122.00M |
| Net Income | -392.00M | -275.00M | -1.35B | -662.00M | -286.76M |
Balance Sheet | |||||
| Total Assets | 3.13B | 3.57B | 6.61B | 9.51B | 2.18B |
| Cash, Cash Equivalents and Short-Term Investments | 679.00M | 1.07B | 1.28B | 2.21B | 1.46B |
| Total Debt | 2.32B | 2.53B | 5.40B | 7.11B | 549.13M |
| Total Liabilities | 2.41B | 2.60B | 5.52B | 7.26B | 575.58M |
| Stockholders Equity | 713.00M | 967.00M | 1.09B | 2.25B | 1.60B |
Cash Flow | |||||
| Free Cash Flow | -620.00M | 2.31B | 693.00M | -5.83B | 664.57M |
| Operating Cash Flow | -595.00M | 2.34B | 730.00M | -5.79B | 681.91M |
| Investing Cash Flow | 28.00M | 44.00M | 234.00M | -476.00M | -21.87M |
| Financing Cash Flow | -210.00M | -2.64B | -1.75B | 7.34B | 160.66M |
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 |
|---|---|---|---|---|---|---|---|
70 Outperform | $820.68M | ― | -52.95% | ― | 83.50% | 8.45% | |
67 Neutral | $1.57B | ― | -6.44% | 1.94% | 6.69% | -137.52% | |
66 Neutral | $324.71M | 18.94 | 2.01% | ― | -4.61% | ― | |
55 Neutral | $64.29M | ― | -97.62% | ― | -19.80% | 21.22% | |
54 Neutral | $1.18B | 3.56 | 0.13% | 6.38% | -2.13% | -128.06% | |
46 Neutral | $1.09B | ― | -47.67% | ― | 2.36% | -23.60% |
Opendoor Technologies Corporate Events
On June 13, 2025, Opendoor Technologies Inc. held its Annual Meeting of Stockholders, where key decisions were made regarding the company’s governance and financial oversight. Stockholders elected Adam Bain and Pueo Keffer as Class II board members for a three-year term and ratified Deloitte & Touche LLP as the independent accounting firm for the fiscal year ending December 31, 2025. Additionally, the compensation of the company’s named executive officers was approved on an advisory basis, reflecting continued shareholder support for the company’s leadership and strategic direction.
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 May 28, 2025, Opendoor Technologies Inc. received a notice from Nasdaq indicating that its stock price had fallen below the minimum bid price requirement of $1.00 for 30 consecutive business days, risking delisting from the Nasdaq Global Select Market. The company has until November 24, 2025, to regain compliance by maintaining a closing bid price of at least $1.00 for 10 consecutive business days. If compliance is not achieved, Opendoor may transfer its listing to the Nasdaq Capital Market and potentially implement a reverse stock split to meet requirements. The company is exploring all options to address the issue, but there is no guarantee of success.
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 May 16, 2025, Opendoor Technologies completed a significant financial transaction involving the issuance of $325 million in 7.000% Convertible Senior Notes due 2030. This transaction included exchanging $245.8 million of existing 2026 Notes and raising $79.2 million in cash, reflecting strong investor support. The move aims to bolster Opendoor’s financial position and support its mission to innovate the U.S. residential real estate market.
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 May 8, 2025, Opendoor Technologies Inc. entered into agreements with holders of its 0.25% Convertible Senior Notes due 2026 and new investors to issue $325 million of 7.000% Convertible Senior Notes due 2030. This transaction involves exchanging $245.8 million of 2026 Notes for 2030 Notes and issuing $79.2 million of 2030 Notes for cash. The 2030 Notes, which mature on May 15, 2030, are senior, unsecured obligations with a 7.000% interest rate. The company expects to use the net proceeds from the cash issuance for general corporate purposes. J. Wood Capital Advisors LLC plans to purchase shares and notes, potentially impacting the market price of the company’s stock and notes.
On May 6, 2025, Opendoor Technologies reported its first-quarter financial results for the period ending March 31, 2025, highlighting a revenue of $1.2 billion and a net loss of $85 million. The company showed improvement in adjusted EBITDA and reduced net losses, reflecting disciplined execution towards profitability. Despite a slight decline in revenue and homes sold compared to the previous year, Opendoor increased its inventory and home purchases, indicating strategic investments in its platform and future growth. The company also provided a positive outlook for the second quarter of 2025, projecting increased revenue and improved financial metrics.