Opendoor Technologies Inc. (OPEN)

Opendoor Technologies Inc. operates a digital platform for residential real estate transactions in the United States. It buys and sells homes through online e-commerce platform. The company also resells the home to a home buyer. In addition, it offers real estate brokerage, title insurance and settlement, and escrow services, as well as property and casualty insurance, real estate licenses, and construction services. The company was formerly known as Social Capital Hedosophia Holdings Corp. II and changed its name to Opendoor Technologies Inc. Opendoor Technologies Inc. was incorporated in 2013 and is based in Tempe, Arizona.

Ticker
OPEN
Exchange
Nasdaq
Sector
Real Estate
Industry
Real Estate Services
Market cap
$1.30B
52-week range
$1.37 - $9.45

Valuation

Share price
$1.40 (close of Nov 6, 2026)
P/E (TTM)
-0.76x
Price to book
2.20x
Price to free cash flow
-0.75x
Enterprise value
$1.44B
Book value per share
$0.64

Price performance

PeriodChange
1 day-21.79%
5 days-22.22%
1 month-38.33%
3 months-59.30%
6 months-74.36%
Year to date-75.99%
1 year-78.66%
3 years-30.00%
5 years-93.73%
All time-87.04%

Short interest

As of
Oct 15, 2026
Short % of float
26.11%
Shares short
226.05M
Days to cover
6.28
Change since prior report
-1.92%
Source
FINRA consolidated short interest

Profitability and growth

Return on equity
-129.35%
Return on invested capital
-12.34%
Return on assets
-54.01%
Net margin
-29.74%
EBITDA margin
-5.56%
Revenue growth
-15.18%

Cash flow and balance sheet

Free cash flow yield (TTM)
-133.91%
Current ratio
1.68x
Net debt to EBITDA
-0.10x

Latest reported year

Period end
Dec 31, 2025
Fiscal year
2025
Revenue
$4.37B
EBITDA
-$243.00M
Net income
-$1.30B
Research and development
$79.00M
Interest expense
$131.00M

Income statement by year

Period endRevenueNet income
2025-12-31$4.37B-$1.30B
2024-12-31$5.15B-$392.00M
2023-12-31$6.95B-$275.00M
2022-12-31$15.57B-$1.35B
2021-12-31$8.02B-$662.00M
2020-12-31$2.58B-$253.00M
2019-12-31$4.74B-$341.00M
2018-12-31$1.84B-$241.29M
2017-12-31$711.07M-$84.83M

Margins and returns by year

Period endNet marginReturn on equityReturn on capital
2025-12-31-29.74%-129.35%-12.34%
2024-12-31-7.61%-54.98%-10.56%
2023-12-31-3.96%-28.44%-11.03%
2022-12-31-8.69%-124.59%-14.35%
2021-12-31-8.25%-29.45%-11.12%
2020-12-31-9.79%-16.29%-8.85%
2019-12-31-7.19%--32.42%
2018-12-31-13.13%-36.09%-
2017-12-31-11.93%--

Cash and debt by year

Period endCashDebt
2025-12-31$962.00M$1.07B
2024-12-31$671.00M$1.87B
2023-12-31$999.00M$2.51B
2022-12-31$1.14B$3.98B
2021-12-31$1.73B$2.82B
2020-12-31$1.41B$135.47M
2019-12-31$405.00M$362.02M
2018-12-31$262.37M-

Free cash flow by year

Period endFree cash flowStock-based compensation
2025-12-31$1.04B$159.00M
2024-12-31-$620.00M$114.00M
2023-12-31$2.31B$126.00M
2022-12-31$693.00M$171.00M
2021-12-31-$5.83B$536.00M
2020-12-31$665.00M$38.00M
2019-12-31-$300.00M$13.00M
2018-12-31-$1.20B$8.42M
2017-12-31-$221.42M-

Investor relations

Past earnings dates

ReportedFiscal periodEPS estimate
2026-11-05Sep 2026-$0.15
2026-08-04Jun 2026-$0.05
2026-05-07Mar 2026-$0.07
2026-02-19Dec 2025-$0.10
2025-11-06Sep 2025-$0.09
2025-08-05Jun 2025-$0.04
2025-05-06Mar 2025-$0.12
2025-02-27Dec 2024-$0.17

Filings and sources

Company website
opendoor.com
SEC filings
10-K, 10-Q and 8-K on EDGAR
Earnings calendar
All upcoming reports

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Understanding these figures

Price-to-earnings ratio · Short interest · Discounted cash flow · Free cash flow · Earnings per share · Return on equity · Gross margin vs net margin · Reading a balance sheet · Debt and leverage · Dividend yield · Insider transactions and Form 4 · How to read a stock chart

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