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.

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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

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Earnings data Q1 2022

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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.

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Cost of revenue

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SG&A

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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.

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Like many SPACs, Opendoor has seen its stock get obliterated amidst the tech stock crash. The stock is trading just around $1 per share - the original SPAC price was $10 per share and the stock previously traded higher than $30 per share.

Opendoor: The Future 'Amazon Of Real Estate' At A Compelling Valuation

Opendoor Technologies is a disruptive technology company which aims to automate the house buying process. In the third quarter of 2022, the company beat revenue growth estimates but missed on earnings.

Opendoor: A Huge Value Opportunity For A Contrarian Investor

Offerpad Solutions

Opendoor and Offerpad are both down by around 93% year-to-date. Their disruptive home-buying model looks set to get discombobulated by the falling real estate prices next year.

Which iBuyer Could Stage A Recovery In 2023, Opendoor Or Offerpad?

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Macro concerns and interest rates tipped several FinTech IPO names into double digit declines. The FinTech IPO Index slipped by 4.4% through the past five trading sessions and now stands 48.6% lower year to date.

Opendoor's 29% Plunge Leads FinTech IPO Index Lower

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Here's what a real estate technology expert has to say about it.

Is Opendoor Still the Future of Real Estate?

LOS ANGELES, CA / ACCESSWIRE / December 6, 2022 / The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Opendoor Technologies Inc. ("Opendoor" or "the Company") (NASDAQ:OPEN) for violations of 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. Investors who purchased the Company's securities between December 21, 2020 and September 16, 2022, inclusive (the ''Class Period'') and/or Opendoor common stock pursuant and/or traceable to the Offering Documents issued in connection with the business combination between the Company and Opendoor Labs Inc. ("Legacy Opendoor") completed on or about December 18, 2020 (the "Merger"), are encouraged to contact the firm before December 6, 2022.

FINAL DEADLINE REMINDER: The Schall Law Firm Encourages Investors in Opendoor Technologies Inc. with Losses of $100,000 to Contact the Firm

Los Angeles, California--(Newsfile Corp. - December 6, 2022) -  The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Opendoor Technologies Inc. ("Opendoor" or "the Company") (NASDAQ: OPEN) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.

DEADLINE TODAY: The Schall Law Firm Encourages Investors in Opendoor Technologies Inc. with Losses of $100,000 to Contact the Firm

NEW YORK , Dec. 6, 2022 /PRNewswire/ -- The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of Opendoor Technologies Incorporated (NASDAQ: OPEN) alleging that the Company violated federal securities laws. This lawsuit is on behalf of a class consisting of all persons and entities other than defendants that purchased or otherwise acquired: (a) Opendoor securities between December 21, 2020 and September 16, 2022, both dates inclusive; (b) Opendoor common stock pursuant and/or traceable to documents issued in connection with the business combination between the Company and Opendoor Labs Inc. completed on or about December 18, 2020; (c) Opendoor common stock pursuant and/or traceable to the documents issued in connection with the Company's secondary public offering that was completed on or about February 9, 2021; and/or (d) Opendoor common stock pursuant and/or traceable to the documents issued in connection with the Company's secondary public offering that was completed on or about September 17, 2021.Lead Plaintiff Deadline: December 6, 2022 No obligation or cost to you.

OPEN ALERT: The Klein Law Firm Announces a Lead Plaintiff Deadline of December 6, 2022 in the Class Action Filed on Behalf of Opendoor Technologies Incorporated Shareholders

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San Diego, California--(Newsfile Corp. - December 5, 2022) - Robbins Geller Rudman & Dowd LLP announces that purchasers or acquirers of Opendoor Technologies Inc. (NASDAQ: OPEN) (NASDAQ: OPENW) securities between December 21, 2020 and September 16, 2022, both dates inclusive (the "Class Period") have until this upcoming Tuesday, December 6, 2022 to seek appointment as lead plaintiff.

TUESDAY DEADLINE: Investors in Opendoor Technologies Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit - OPEN; OPENW

LOS ANGELES--( BUSINESS WIRE )--The Law Offices of Frank R. Cruz reminds investors of the upcoming December 6, 2022 deadline to file a lead plaintiff motion in the class action filed on behalf of Opendoor Technologies Inc. (“Opendoor” or the “Company”) (NASDAQ: OPEN) investors who purchased: (a) securities between December 21, 2020 and September 16, 2022, inclusive (the “Class Period”); and/or (b) common stock pursuant and/or traceable to the Offering Documents issued in connection with the business combination between the Company and Opendoor Labs Inc. completed on or about December 18, 2020.

The Law Offices of Frank R. Cruz Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Opendoor Technologies Inc. (OPEN)

LOS ANGELES, CA / ACCESSWIRE / December 5, 2022 / The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Opendoor Technologies Inc. ("Opendoor" or "the Company") (NASDAQ:OPEN) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. Investors who purchased the Company's securities between December 21, 2020 and September 16, 2022, inclusive (the ''Class Period'') and/or Opendoor common stock pursuant and/or traceable to the Offering Documents issued in connection with the business combination between the Company and Opendoor Labs Inc. ("Legacy Opendoor") completed on or about December 18, 2020 (the "Merger"), are encouraged to contact the firm before December 6, 2022.

DEADLINE TOMORROW ALERT: The Schall Law Firm Encourages Investors in Opendoor Technologies Inc. with Losses of $100,000 to Contact the Firm

New York, New York--(Newsfile Corp. - December 5, 2022) - Levi & Korsinsky, LLP notifies investors in Opendoor Technologies Incorporated ("Opendoor" or the "Company") (NASDAQ: OPEN) of a class action securities lawsuit.The lawsuit on behalf of Opendoor investors has been commenced in the the United States District Court for the District of Arizona.

Opendoor Securities Fraud Class Action Lawsuit Pending: Contact Levi & Korsinsky Before December 6, 2022 to Discuss Your Rights - OPEN

The outlook for this iBuying company isn't great as we near 2023.

OpenDoor Just Cut 18% of Its Staff: Is the Company in Trouble?

Los Angeles, California--(Newsfile Corp. - December 5, 2022) - The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Opendoor Technologies Inc. ("Opendoor" or "the Company") (NASDAQ: OPEN) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.

DEADLINE TOMORROW: The Schall Law Firm Encourages Investors in Opendoor Technologies Inc. with Losses of $100,000 to Contact the Firm

Sometimes, financial traders might choose to cling to an investment when they've lost money. It's not a great idea to try this with Opendoor Technologies (NASDAQ: OPEN ) stock, however.

Opendoor Technologies Stock Collapse Is Likely to Continue

NEW YORK , Dec. 5, 2022 /PRNewswire/ -- Attention Opendoor Technologies Incorporated ("Opendoor") (NASDAQ: OPEN) shareholders: The Law Offices of Vincent Wong announce that a class action lawsuit has commenced on behalf of investors. This lawsuit is on behalf of a class consisting of all persons and entities other than defendants that purchased or otherwise acquired: (a) Opendoor securities between December 21, 2020 and September 16, 2022, both dates inclusive; (b) Opendoor common stock pursuant and/or traceable to documents issued in connection with the business combination between the Company and Opendoor Labs Inc. completed on or about December 18, 2020; (c) Opendoor common stock pursuant and/or traceable to the documents issued in connection with the Company's secondary public offering that was completed on or about February 9, 2021; and/or (d) Opendoor common stock pursuant and/or traceable to the documents issued in connection with the Company's secondary public offering that was completed on or about September 17, 2021.

CLASS ACTION ALERT: The Law Offices of Vincent Wong Remind Opendoor Investors of a Lead Plaintiff Deadline of December 6, 2022

NEW YORK , Dec. 5, 2022 /PRNewswire/ -- Pomerantz LLP announces that a class action lawsuit has been filed against Opendoor Technologies Inc. ("Opendoor" or the "Company") (NASDAQ: OPEN) and certain of its officers and directors. The class action, filed in the United States District Court for the District of Arizona, and docketed under 22-cv-01717, is on behalf of a class consisting of all persons and entities other than Defendants that purchased or otherwise acquired: (a) Opendoor securities between December 21, 2020 and September 16, 2022, both dates inclusive (the "Class Period"); and/or (b) Opendoor common stock pursuant and/or traceable to the Offering Documents (defined below) issued in connection with the business combination between the Company and Opendoor Labs Inc. ("Legacy Opendoor") completed on or about December 18, 2020 (the "Merger").

SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders with Losses on their Investment in Opendoor Technologies Inc. of Class Action Lawsuit and Upcoming Deadline - OPEN

RADNOR, Pa. , Dec. 4, 2022 /PRNewswire/ -- The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com)  informs investors that a securities class action lawsuit has been filed against Opendoor Technologies Inc. ("Opendoor") (NASDAQ: OPEN).

OPENDOOR DEADLINE: Kessler Topaz Meltzer & Check, LLP Reminds Investors of Opendoor Technologies Inc. of Deadline in Securities Fraud Class Action Lawsuit

Radnor, Pennsylvania--(Newsfile Corp. - December 3, 2022) - The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) informs investors that a securities class action lawsuit has been filed against Opendoor Technologies Inc. ("Opendoor") (NASDAQ: OPEN). The action charges Opendoor with violations of the federal securities laws, including omissions and fraudulent misrepresentations relating to the company's business, operations, and prospects.

Opendoor Technologies Inc. Deadline Reminder: Kessler Topaz Meltzer & Check, LLP Reminds Investors of Important Lead Plaintiff Deadline on December 6, 2022 in Securities Fraud Class Action Lawsuit

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News for Opendoor Stock (OPEN)