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.
- Symbol
- OPEN
- Exchange
- Nasdaq
- Sector
- Real Estate
- Industry
- Real Estate Services
- Market cap
- $2.67B
- 52 week range
- 2.52 - 9.69
Valuation
- Share price
- $2.58 (close of 2026-09-23)
- P/E (TTM)
- -1.46x
- Price to book
- 2.92x
- Price to free cash flow
- -5.64x
- Enterprise value
- $3.74B
- Book value per share
- $0.94
Price performance
| Period | Change |
|---|
| 1 day | -6.52% |
| 5 days | -0.39% |
| 1 month | -26.91% |
| 3 months | -38.57% |
| 6 months | -50.48% |
| Year to date | -55.75% |
| 1 year | -63.61% |
| 3 years | +0.39% |
| 5 years | -87.09% |
| All time | -76.11% |
Profitability and growth
- Return on equity
- -129.35%
- Return on invested capital
- -21.06%
- Return on assets
- -54.01%
- Return on capital employed
- -13.80%
- Gross margin
- 8.01%
- Net margin
- -29.74%
- EBITDA margin
- -5.56%
- Revenue growth
- -15.18%
- Net income growth
- -231.63%
- Free cash flow growth
- 267.26%
Cash flow and balance sheet
- Free cash flow yield (TTM)
- -17.73%
- Current ratio
- 2.94x
- Net debt to EBITDA
- -0.78x
Latest reported year
- Period end
- 2025-12-31
- Fiscal year
- 2025
- Revenue
- $4.37B
- Cost of revenue
- $4.02B
- Gross profit
- $350.00M
- EBITDA
- $-243.00M
- Net income
- $-1.30B
- Earnings per share
- $-1.70
- Research and development
- $79.00M
- Shares outstanding
- 766.53M
Income statement by year
| Period end | Revenue | Gross profit | Net income | EPS |
|---|
| 2025-12-31 | $4.37B | $350.00M | $-1.30B | $-1.70 |
| 2024-12-31 | $5.15B | $433.00M | $-392.00M | $-0.56 |
| 2023-12-31 | $6.95B | $487.00M | $-275.00M | $-0.42 |
| 2022-12-31 | $15.57B | $667.00M | $-1.35B | $-2.16 |
| 2021-12-31 | $8.02B | $730.00M | $-662.00M | $-1.12 |
| 2020-12-31 | $2.58B | $220.00M | $-253.00M | $-2.31 |
| 2019-12-31 | $4.74B | $301.00M | $-341.00M | $-4.26 |
| 2018-12-31 | $1.84B | $133.43M | $-241.29M | $-3.16 |
Margins and returns by year
| Period end | Gross margin | Net margin | Return on equity | Return on capital |
|---|
| 2025-12-31 | 8.01% | -29.74% | -129.35% | -21.06% |
| 2024-12-31 | 8.40% | -7.61% | -54.98% | -13.57% |
| 2023-12-31 | 7.01% | -3.96% | -28.44% | -15.43% |
| 2022-12-31 | 4.28% | -8.69% | -124.59% | -17.41% |
| 2021-12-31 | 9.10% | -8.25% | -29.45% | -100.89% |
| 2020-12-31 | 8.52% | -9.79% | -16.29% | -26.96% |
| 2019-12-31 | 6.35% | -7.19% | 46.52% | - |
| 2018-12-31 | 7.26% | -13.13% | 58.28% | - |
Cash and debt by year
| Period end | Cash | Debt |
|---|
| 2025-12-31 | $962.00M | - |
| 2024-12-31 | $671.00M | - |
| 2023-12-31 | $999.00M | - |
| 2022-12-31 | $1.14B | - |
| 2021-12-31 | $1.73B | - |
| 2020-12-31 | $1.41B | $135.47M |
| 2019-12-31 | $405.00M | - |
Free cash flow by year
| Period end | Free cash flow | Stock-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 |
Investor relations
Next earnings report
- Next confirmed report
- 2026-11-05
Past earnings dates
| Reported | Fiscal period | EPS estimate |
|---|
| 2026-08-04 | Jun/2026 | - |
| 2026-05-07 | - | - |
| 2026-02-19 | - | - |
| 2025-11-06 | - | - |
| 2025-08-05 | - | - |
| 2025-05-06 | - | - |
| 2025-02-27 | - | - |
| 2024-11-07 | - | - |
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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