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

It is best to wait for Opendoor to announce the quarterly results on May 5 before taking a position in OPEN stock. The post Opendoor Investors, Watch Out for May 5  appeared first on InvestorPlace.

Opendoor Investors, Watch Out for May 5

Opendoor Technologies Inc. (OPEN) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Opendoor Technologies Inc. (OPEN) Expected to Beat Earnings Estimates: Should You Buy?

Opendoor can succeed in the long run, and the obstacles in OPEN stock currently present short-term opportunities. The post The Short-Term Challenges to Opendoor Stock Are Also Opportunities appeared first on InvestorPlace.

The Short-Term Challenges to Opendoor Stock Are Also Opportunities

iBuying may not be as big an opportunity as once hoped, but it can still be a great business long-term.

Opendoor Technologies Could Be a Home Run Stock

While Opendoor might fail spectacularly in the iBuyer marketplace, the upside is so massive that a small investment in this small-cap makes sense.

The Risk/Reward for Opendoor Stock Is Amazing

OPEN stock could face a rough 12 months if real estate activity starts to slow down as the MBA Association predicts. The post Opendoor Could Get Hit If It Can't Flip Its Home Inventory Like Before appeared first on InvestorPlace.

Opendoor Could Get Hit If It Can't Flip Its Home Inventory Like Before

With more people working from home than ever, the desire to take advantage of that newfound flexibility to travel has been greater than ever. But just because you have the ability to travel and work from anywhere, doesn't mean you can afford to.

Opendoor alums raise $7.75M for Kindred, a home-swapping network it says makes travel ‘dramatically more affordable'

Opendoor Technologies Inc. ( OPEN , Financial) is a leading digital platform for residential real estate. Founded in 2014, the company claims to have rebuilt the entire consumer real estate experience and has made buying and selling possible on a mobile device.

Opendoor's Recent Decline Does Not Make It Cheap

What's the difference between OPEN and pot stocks? In short, economies of scale.

Luke Lango Explains Opendoor Stock

While OPEN stock might be appealing as a tech play, the harsh reality is that the premium tied to its iBuyer model is too steep. The post Post-Pandemic Economics Is a Problem for Opendoor Technologies appeared first on InvestorPlace.

Post-Pandemic Economics Is a Problem for Opendoor Technologies

Opendoor is a two-sided marketplace, not a home flipper. Opendoor dominates the iBuying space, competing with 99% of transactions that happen offline.

Opendoor: Opportunity Seldom Knocks Twice

OPEN stock looks to have bottomed out, and some positive news is taking it higher. That doesn't make it an automatic buy though.

Opendoor Technologies Is Rising. Here's What You Need to Know.

Hims & Hers Health

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My top ideas for 2022 plummeted by 40% on average in Q1 as high-growth tech stocks remain in a violent bear market amid multi-decade high inflation and a hawkish Fed.

Down 40% In Q1, Yet I'm Doubling Down On My Top Ideas For 2022

Opendoor Technologies was recently disciplined by North Carolina regulators for disclosure errors. In turn, will this hurt OPEN stock?

This Latest News Won't Help Hurting Opendoor Stock

OPEN stock is oversold and attractive for a reversal trade. However, rate hikes and a potential recession in 2023 are key concerns.

Has Opendoor Stock Bottomed Out?

OPEN stock is changing the industry with its novel approach. The company lets its customers find homes at the best rates possible through AI.

Opendoor Stock Is an Enticing Growth Play After Over 40% YTD Fall

SAN FRANCISCO, April 07, 2022 (GLOBE NEWSWIRE) -- Opendoor Technologies Inc. (“Opendoor”) (Nasdaq: OPEN), a leading digital platform for residential real estate, today announced that it will report first quarter 2022 financial results for the period ended March 31, 2022, following the close of the market on Thursday, May 5, 2022. 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 2022 Financial Results on May 5th, 2022

The company's elite pricing algorithms help it thrive in hot, cool and flat housing markets -- meaning Opendoor stock will keep on delivering. The post 🏡 Unique Research Shows Opendoor Stock Is Set for a Huge Quarter appeared first on InvestorPlace.

🏡 Unique Research Shows Opendoor Stock Is Set for a Huge Quarter

OPEN stock has made a nice one-month rally. This could be great timing to sell it due to its weak fundamentals.

Opendoor Technologies Stock Is a Sell Following Earnings Report

Opendoor's last East Coast launch was in Washington, D.C.

Opendoor Grows Its Footprint in Metros, Enters New York, New Jersey

Supply constraints will limit Opendoor's profit potential in 2022, even though the platform will attract more customers. The post Hold Off on Buying Opendoor for Today appeared first on InvestorPlace.

Hold Off on Buying Opendoor for Today

OpenDoor may have a better business model than Zillow. But given surging interest rates, it's still going to be a tough year for OPEN stock.

Be Cautious With OpenDoor as Inflation Puts Home Buying at Risk

A healthy bid in risk assets has lifted OPEN stock, but a full inspection of Opendoor Technologies reveals deeper problems. The post Avoid Strong Bets on Opendoor Stock With Bears Looming In the Background appeared first on InvestorPlace.

Avoid Strong Bets on Opendoor Stock With Bears Looming In the Background

DoorDash

Nextdoor

DoorDash, Opendoor, and Nextdoor are up as much as 45% over the past three weeks.

3 Doors Investors Are Finally Ready to Open in 2022

Zillow

Significant inefficiency leaves the real estate industry ripe for disruption.

News for Opendoor Stock (OPEN)