Homes Sold

Gross Profit, Operating Income, and Net Income as a percentage of Revenue

Gross Margin

Operating Margin

Profit Margin

Margins

An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

Sales, marketing and operations

General and administrative

Technology and development

Goodwill Impairment

Restructuring

Operating Expenses

Year over year growth in Revenue and Operating Expenses.

Revenue Y/Y

OpEx Y/Y

Growth

Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

Outstanding Shares

Market Cap

Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

Revenue Multiple

Opendoor

Opendoor Technologies, Inc. operates as an online platform for buying, selling and trading-in residential properties. The company was founded by Eric Wu on December 30, 2013, and is headquartered in Tempe, AZ.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Opendoor targets profitability by 2024 amid market challenges and growth opportunities

Opendoor focuses on stabilizing core business, improving margins, and achieving profitability by 2024, leveraging $2 billion in total capital.
The company's success with exclusive listings and expansion into underserved seller segments present growth opportunities amidst market challenges.
Efficiency improvements, strategic partnerships, and market share expansion are key strategies for Opendoor's path to profitability and growth.

Opendoor reports $3.1B revenue in Q1 but faces margin challenges

Opendoor's Q1 performance showcased strong revenue but highlighted challenges with margins and profitability. The company's strategic focus on partnerships, pricing platforms, and expense management positions it for growth amidst market uncertainties.

Opendoor reports strong Q2 revenue, aims for profitability in 2024

Opendoor's Q2 2023 performance reflects strong revenue, strategic initiatives, and a commitment to profitability. The company faces challenges in managing expenses and scaling initiatives but has opportunities to drive growth through partnerships and operational optimization.
With a focus on consumer experience, cost efficiencies, and brand awareness, Opendoor aims to double volumes by mid-2024 and achieve adjusted net income breakeven in 2024. Managing seasonality and market dynamics are key priorities for sustained success.
By addressing challenges in operational efficiency, marketing costs, and scaling initiatives, Opendoor can capitalize on opportunities for growth, increased market share, and improved financial performance. Strategic planning and a focus on stability are crucial for long-term success.

Opendoor reports robust Q3 earnings, eyes growth amidst market challenges

Opendoor's Q3 performance reflects resilience and growth amidst market challenges, with a focus on efficiency and strategic partnerships.
The company's financial stability, strong revenue, and improved EBITDA loss position it well for future growth and profitability.
Challenges in achieving profitability and scaling operations are balanced by opportunities in market expansion and operational excellence.
Opendoor's commitment to managing costs, leveraging technology, and seizing growth opportunities underscores its strategic vision and resilience.

Opendoor reports robust Q4 performance, eyes sustainable growth in 2024

Opendoor's Q4 2023 performance reflects resilience, efficiency gains, and strategic capital management amidst macroeconomic challenges.
The company's focus on scaling acquisition volumes, reducing expenses, and achieving sustainable growth underscores a commitment to long-term success.
While facing losses in 2024, Opendoor's strong financial position and strategic initiatives position it well for future growth and market expansion.

Opendoor exceeds Q1 expectations, eyes growth amidst challenges

Opendoor demonstrated strong financial performance in Q1 2024, surpassing revenue and profit expectations amidst robust acquisition growth.
While facing challenges such as EBITDA losses and regulatory uncertainties, Opendoor's strategic strengths and growth initiatives position it well for future success.
With a focus on sustainable growth and financial discipline, Opendoor aims to navigate industry changes, capitalize on opportunities, and drive positive outcomes.

Opendoor surpasses Q2 earnings expectations amidst evolving real estate market

Opendoor delivered strong financial performance in Q2 2024, exceeding revenue, contribution margin, and adjusted EBITDA guidance.
The company is strategically positioning itself as a trusted e-commerce platform for residential real estate, focusing on customer value and brand awareness.
While facing challenges from a slowing housing market, Opendoor is proactively adjusting strategies to optimize costs and manage acquisitions.
Opportunities lie in expanding product offerings, enhancing brand awareness, and improving conversion rates through targeted marketing efforts.

Opendoor surpasses Q3 revenue targets, eyes profitability amid market challenges

Opendoor's Q3 performance exceeded expectations with strong revenue and operational metrics, supported by a solid financial position.
While challenges in the housing market persist, the company is focused on cost discipline and efficiency improvements to drive profitability.
Strategic opportunities in expanding innovative products and enhancing marketing efforts position Opendoor for future growth and market leadership.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Opendoor Technologies, Inc. engages in the operation of buying, selling, and trading of residential properties online. The company was founded by Eric Wu on December 30, 2013, and is headquartered in Tempe, AZ.

Open Door is going public. Read about how the founders went from idea to IPO in the Public app.

The company was founded in March 2014 by serial entrepreneurs Keith Rabois, Eric Wu, who previously founded Movity, a real-estate startup acquired by Trulia, and JD Ross.

The company raised $10 million of Series A venture funding in a deal led by Khosla Ventures on September 5, 2014, putting the company's pre-money valuation at $22 million.

The company raised $20 million of Series B funding led by GGV Capital on February 26, 2015, putting the valuation at $112 million.

The company raised $80 million of Series C funding led by Access Technology Ventures on February 4, 2016 with a valuation at $479 million. 

Opendoor then raised $400 million in funding from SoftBank's Vision Fund, putting the company's valuation at around $2 billion.

In July 2019, Opendoor and Redfin partnered to provide more options to home sellers. This means home sellers have the opportunity to compare listing their home on the open market with a full-service Redfin agent to receiving an instant offer from Opendoor and skipping the process of listing altogether.

In February 2020, Opendoor and Redfin expanded partnership to 9 additional markets.

In August 2019, Opendoor launched mortgage services through Opendoor Home Loans, an in-house mortgage business.

In September 2019, it acquired national title and escrow company OS National, allowing integration of title, escrow and closing services und

In 2019, the company sold 18,799 homes across 21 markets, generating $4.7 billion in revenue (up more than 160% from the prior year).

Due to negative business impact from the COVID-19 shutdown, the company laid off 600 employees, which made up 35% of its team.

The company resumed its previously suspended operations due to COVID-19 by introducing a contact-free digital platform.

Opendoor is going public through a merger with Social Capital Hedosophia Holdings II, a SPAC steered by Chamath Palihapitiya. The deal values Opendoor at an enterprise value of $4.8 billion

Since its founding, the Company has served over 80,000 customers and sold over $10 billion of homes. In 2019, the company sold more than 18,000 homes, generating $4.7 billion in revenue.

Redfin.com/news
Businesswire
Forbes
Marketwatch
TechCrunch
FinancialTimes

Altice USA

Magic Empire Global Ltd

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Top Lessons to Know When Trading Penny Stocks

loanDepot

KB Home

Ocwen Financial

Redfin

Rocket Companies, Inc.

With the broader equity indices struggling for traction, rising recession fears brings the glaring spotlight back on so-called real estate bubble stocks. Due to the unique circumstance underlying the Covid-19 crisis and subsequent governmental response, housing prices skyrocketed.

7 Stocks That Will Get Pummeled When the Real Estate Bubble Pops

Opendoor Technologies Inc. shares took a hit Monday, as Wedbush analyst Jay McCanless backed away from his longtime bullish call on the provider of home-buying and -selling services, citing a dearth of homes for sale and tightening credit standards.

Opendoor downgraded as mortgage-credit availability plummets

FuboTV

Appreciate Holdings Inc

Use these tips to enhance your penny stocks trading with technical analysis The post Enhancing Your Penny Stocks Investments With Analysis Tools  appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.

Enhancing Your Penny Stocks Investments With Analysis Tools

Veru

Can these top tips help your penny stocks trading? The post Advanced Penny Stocks Research Methods appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.

Advanced Penny Stocks Research Methods

Earnings season has yet to fully engulf the FinTech IPO sector. But there was plenty of other news to go around — where macro headwinds were in evidence, forcing at least one platform to scale back its headcount.

Opendoor Cuts More Staff and Leads FinTech IPO Index Down 0.7%

Real estate tech company Opendoor (NASDAQ: OPEN ) just announced layoffs amid an overall weak demand structure for the housing market. According to Reuters, the Opendoor layoffs will impact about 560 jobs or 22% of the company's workforce.

Opendoor Layoffs 2023: What to Know About the Latest OPEN Job Cuts

The concept of taking existing properties and repurposing them is not a new one. After all, Airbnb is a high-profile example of people turning vacation homes, for example, into revenue generators when they're not using them.

Opendoor alums raise $15M for Kindred, a home-swapping network

Opendoor Technologies Inc shares slid 5% to $1.66 on Tuesday after the online real estate company announced it is eliminating about 560 jobs, or 22% of its workforce, mostly from its operations unit, citing a weaker housing market. Today's job cuts are in addition to the 550 positions the San Francisco-based firm said it would eliminate in November.

Opendoor Technologies sheds 22% of its workforce; stock price falls

Opendoor Technologies Inc. OPEN, -3.43% shares fell late Tuesday following reports the online real estate company was laying off 22% of its workforce, or about 560 jobs. Opendoor shares fell as much as 5% in late trading.

Opendoor stock slumps following reports that 22% of workforce will be laid off

Opendoor Technologies Inc. is about 85% of the way through shedding the inflated housing inventory it bought in Q2 2022. Opendoor calls this group of housing its reset quarter. Opendoor's founder and old CEO has passed the reins to the CFO, Carrie Wheeler, making her the new CEO.

Opendoor: Path To Free Cash Flow Breakeven, 15 Months

Opendoor shares have tanked while the company struggles with high mortgage rates. The real estate tech company benefited from an unexpected jump in home sales and increased likelihood of the Fed suspending rate hikes.

Here's Why Opendoor Shares Rose 22% in March

Zillow

Property Technology, or PropTech, is an industry that centers around the digital transformation of the legacy property industry. This includes the use of software and technology tools to automate various processes and improve the customer (buyer/renter) or landlord (owner) experience.

2 PropTech Stocks Poised for a Turnaround

SAN FRANCISCO, April 06, 2023 (GLOBE NEWSWIRE) -- Opendoor Technologies Inc. (“Opendoor”) (Nasdaq: OPEN), a leading e-commerce platform for residential real estate transactions, today announced that it will report first quarter 2023 financial results for the period ended March 31, 2023 following the close of the market on Thursday, May 4, 2023. On that day, management will host a conference call and webcast at 2:00 p.m. PT (5:00 p.m. ET) to discuss the company's business and financial results.

Opendoor to Report First Quarter 2023 Financial Results on May 4th, 2023

American Homes 4 Rent

JPMorgan BetaBuilders MSCI US REIT ETF

Bluerock Homes Trust Inc

Black Knight

CoStar Group

Direxion Daily Real Estate Bull 3x Shares

Direxion Daily Real Estate Bear 3x Shares

Equity Residential

Fidelity MSCI Real Estate ETF

First Trust S&P REIT Index Fund

iShares Cohen & Steers REIT ETF

Invitation Homes

iShares U.S. Real Estate ETF

Nuveen Real Estate Income Fund

Invesco KBW Premium Yield Equity REIT ETF

Lennar

NexPoint Real Estate Finance

Neuberger Berman Real Estate Securities Income Fund Inc

NexPoint Diversified Real Estate Trust

NexPoint Residential Trust

Offerpad Solutions

PulteGroup

US Diversified Real Estate ETF

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One of the best-performing property sectors this year, Single-Family Rental REITs have rebounded as the previously-sluggish U.S. housing sector has shown signs of life amid a moderation in mortgage rates. The dire predictions of a "hard landing" in rental markets have been rebuffed in recent months by steadying rental rates and strong occupancy trends seen across the major rent indexes.

Single-Family Rental REITs: Renting The American Dream

Boxed

Troika Media Group

Use these tips to make money with penny stocks right now The post Balancing Risk and Rewards With Penny Stocks appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.

Balancing Risk and Rewards With Penny Stocks

Intel

Logitech

Lyft

Snowflake

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Zoom Video

With the tech sector selling off throughout 2022 and attempting to make a recovery this year, it may seem to some that now is the time to look for tech stocks to buy, rather than tech stocks to sell. However, while there may be a case to be made for buying back into FAANG components like Facebook parent Meta Platforms (NASDAQ: META ), or even into more speculative tech growth stories with near-term catalysts, like SoFi Technologies (NASDAQ: SOFI ), there are still plenty of hard-hit tech stocks that may be in for additional declines.

7 Terrible Tech Stocks to Sell in March

NEW YORK--(BUSINESS WIRE)-- #A--Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against Opendoor Technologies, Inc. (NASDAQ: OPEN) on behalf of long-term stockholders following a class action complaint that was filed against Opendoor on October 7, 2022 with a Class Period from December 21, 2020 to September 16, 2022, both dates inclusive, or pursuant to the Company's December 21, 2020 IPO.

OPENDOOR ALERT: Bragar Eagel & Squire, P.C. is Investigating Opendoor Technologies, Inc. on Behalf of Long-Term Stockholders and Encourages Investors to Contact the Firm

Opendoor's rapid expansion in 2021 and early 2022 backfired. The company's cash losses must slow in a hurry.

Is Time Running Out for This Property-Tech Stock?

Newmark Group

Broadmark Realty Capital Inc.

Due to a combination of macroeconomic challenges and affordability constraints, investors should be aware of the real estate stocks to avoid. Admittedly, the contrarian narrative initially seems compelling.

News for Opendoor Stock (OPEN)