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

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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 Q4 2021

Earnings data Q1 2022

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Earnings data Q1 2023

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Earnings data Q1 2024

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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.

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Cost of revenue

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EBITDA

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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

San Diego, California--(Newsfile Corp. - October 11, 2022) - Shareholder rights law firm Johnson Fistel, LLP announces that a class action lawsuit has commenced on behalf of investors of Opendoor Technologies Inc. ("Opendoor" or the "Company") (NASDAQ: OPEN).

Opendoor Class Action Complaint Filed: Johnson Fistel Encourages Shareholders to Contact the Firm

SAN DIEGO--(BUSINESS WIRE)--The suit alleges defendants issued false statements concerning Opendoor business and prospects, resulting in its stock trading at inflated prices.

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

BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces an investigation on behalf of Opendoor Technologies Inc. (“Opendoor” or the “Company”) (NASDAQ: OPEN) investors concerning the Company's possible violations of federal securities laws. On September 19, 2022, Bloomberg reported that Opendoor appeared to have lost money on 42% of its transactions in August 2022, further stating that data was even worse in key markets, where Opendoor lost money on up to 76% of sales. The find

INVESTOR ALERT: Law Offices of Howard G. Smith Announces Investigation of Opendoor Technologies Inc. (OPEN) on Behalf of Investors

LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz announces an investigation of Opendoor Technologies Inc. (“Opendoor” or the “Company”) (NASDAQ: OPEN) on behalf of investors concerning the Company's possible violations of federal securities laws. If you are a shareholder who suffered a loss, click here to participate. On September 19, 2022, Bloomberg reported that Opendoor appeared to have lost money on 42% of its transactions in August 2022, further stating that data was even wor

The Law Offices of Frank R. Cruz Announces Investigation of Opendoor Technologies Inc. (OPEN) on Behalf of Investors

SAN DIEGO , Oct. 10, 2022 /PRNewswire/ -- Robbins Geller Rudman & Dowd LLP announces that purchasers or acquirers of Opendoor Technologies Inc. (NASDAQ: OPEN; OPENW) securities between December 21, 2020 and September 16, 2022, inclusive (the "Class Period") and/or common stock pursuant and/or traceable to the offering documents issued in connection with the business combination between Opendoor and Opendoor Labs Inc. ("Legacy Opendoor") completed on or about December 18, 2020 (the "Merger") have until December 6, 2022 to seek appointment as lead plaintiff in the Opendoor class action lawsuit. Captioned Alich v Opendoor Technologies Inc., No.

INVESTOR ALERT: Opendoor Technologies Inc. Investors with Substantial Losses Have Opportunity to Lead the Opendoor Class Action Lawsuit - OPEN; OPENW

NEW YORK--(BUSINESS WIRE)-- #Action--Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, announces that a class action lawsuit has been filed against Opendoor Technologies, Inc. (“Opendoor” or the “Company”) (NASDAQ: OPEN) in the United States District Court for the District of Arizona on behalf of all persons and entities who purchased or otherwise acquired Opendoor securities between December 21, 2020 and September 16, 2022, both dates inclusive, or pursuant to the Com

OPENDOOR ALERT: Bragar Eagel & Squire, P.C. Announces that a Class Action Lawsuit Has Been Filed Against Opendoor Technologies, Inc. and Encourages Investors to Contact the Firm

SAN FRANCISCO, Oct. 07, 2022 (GLOBE NEWSWIRE) -- Opendoor Technologies Inc. (Nasdaq: OPEN), a leading e-commerce platform for residential real estate transactions, today announced it has granted an equity award under its Opendoor Technologies Inc. 2022 Inducement Award Plan (the “Plan”). The Plan was approved by Opendoor's Board of Directors in July 2022.

Opendoor Announces Inducement Grant

Peeling apart the differences between Zillow's failure and Opendoor's challenges.

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In 2022, a sharp jump in mortgage rates is driving an unprecedented decline in housing market activity and sale prices. Naturally, Opendoor, an iBuyer, is selling off. Opendoor is facing several headwinds - shrinking volumes, home price depreciation, higher interest expense, longer holding periods, greater marketing expense, and ballooning G&A expense.

Opendoor: A Generational Buy For Bold, Contrarian, Long-Term Investors

New York, New York--(Newsfile Corp. - September 23, 2022) - Pomerantz LLP is investigating claims on behalf of investors of Opendoor Technologies, Inc. (""Opendoor" or the "Company") (NASDAQ: OPEN). Such investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, ext. 7980.The investigation concerns whether Opendoor and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Opendoor Technologies, Inc. - OPEN

NEW YORK--(BUSINESS WIRE)-- #Action--Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, is investigating potential claims against Opendoor Technologies, Inc. (“Opendoor” or the “Company”) (NASDAQ: OPEN) on behalf of Opendoor stockholders. Our investigation concerns whether Opendoor has violated the federal securities laws and/or engaged in other unlawful business practices. Click here to participate in the action. On September 19, 2022, citing a review of industry data,

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

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Opendoor Technologies reported it lost money on 42% of transactions in August as the U.S. housing market falters for builders, flippers and others looking to sell houses, Bloomberg wrote Monday (Sept. 19).

Opendoor Business Model Flaw Drives Losses on 42% of August Deals

Offerpad Solutions

The two real estate disruptors have been beaten down, but what about the future?

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House prices are forecast to fall by up to 20% next year as rapidly rising interest rates render mortgages unaffordable for millions and pull liquidity out of the market. Opendoor's levered business model sees the company carry houses on its balance sheet until sold.

Opendoor: A Real Estate Crash Likely Awaits Us All

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Philadelphia, Pennsylvania--(Newsfile Corp. - September 9, 2022) - Online real estate firm Opendoor (NASDAQ: OPEN) has agreed to pay $62 million to settle Federal Trade Commission's allegations that the company tricked home sellers into thinking they would make more money selling to Opendoor than they would on the open market.

Shareholder Alert: Grabar Law Office Investigates Potential Claims Against Officers and Directors of Opendoor Technologies Inc. (OPEN)

iBuying business Opendoor Technologies (NASDAQ: OPEN ) revealed a collaboration with home buying and selling platform Zillow (NASDAQ: Z , NASDAQ: ZG ) in early August. This didn't help put struggling OPEN stock at all, as the remainder of August only brought more pain for Opendoor's shareholders.

OPEN Stock Can't Be Saved by This Zillow Partnership

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News for Opendoor Stock (OPEN)