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

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Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

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Earnings data Q1 2024

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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.

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Cost of revenue

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SG&A

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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

Opendoor stuck the landing with impressive Q2 numbers and revised guidance. Most impressively, Opendoor shared visibility to more than $10 billion in revenue over the next 12 months. Despite incredible numbers, the market's misunderstanding of Opendoor resulted in almost a 60% decline from all-time highs.

Opendoor: The Mythology Of Disruption

OpenDoor is disrupting the real estate market with its technology, but using it to fuel the housing bubble. OPEN stock is a bet on inflation.

The Dealer Becomes the Player With OpenDoor Technologies

Opendoor, the online real estate giant that lets people directly buy and sell homes online, has acquired Seattle-based startup Pro.

Opendoor acquires Seattle startup Pro.com and Skylight, will shut both platforms down

Sales are spiking in a booming real estate market.

Why Opendoor Technologies Stock Jumped 20% in August

Redfin

Supernova Partners Acquisition Company

Zillow

Zscaler

Here's a massive market that's just begging to be disrupted.

This Small-Cap Disruptor Has a $1.9 Trillion Market Opportunity

Housing inventory has fallen to record lows, causing this company's advantage to be neutralized.

When the Housing Market Cools Off, This Tech Stock will Heat Up

I just sold my home to Opendoor. And let me tell you, Opendoor didn't just live up to the hype – it exceeded it.

I Just Sold My Home to Opendoor. Here's How It Went.

Opendoor is firing on all cylinders, and the market has yet to appreciate it.

This Unloved Tech Stock Could Make You Rich One Day

Opendoor Technologies still looks quite undervalued now. OPEN stock will rise 10% to 24% given that it has positive adj.

Opendoor Technologies Still Looks Quite Undervalued Now With Profitable Operations

OPEN stock rallied after the firm posted Q2 results that exceeded expectations, thanks to its product introductions and profitable strategy. The post Buy Opendoor Stock If It Dips Again appeared first on InvestorPlace.

Buy Opendoor Stock If It Dips Again

This real estate disruptor could be a home run for long-term investors.

Could Opendoor Stock Help You Retire a Millionaire?

Forget the near-term price action. Wall Street is notoriously short-sighted and always misses the biggest opportunities.

Buying a House on Opendoor Is as Easy as Deciding to Buy OPEN Stock

SAN FRANCISCO, Aug. 18, 2021 (GLOBE NEWSWIRE) -- Opendoor Technologies Inc. (Nasdaq: OPEN) (“Opendoor”), a leading digital platform for residential real estate, today announced the pricing of its offering of $850,000,000 aggregate principal amount of 0.25% convertible senior notes due 2026 (the “notes”) in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). The offering size was increased from the previously announced offering size of $750,000,000 aggregate principal amount of notes. The issuance and sale of the notes are scheduled to settle on August 20, 2021, subject to customary closing conditions. Opendoor also granted the initial purchasers of the notes an option to purchase, for settlement within a period of 13 days from, and including, the date when the notes are first issued, up to an additional $127,500,000 principal amount of notes.

Opendoor Technologies Inc. Prices Upsized $850 Million Convertible Senior Notes Offering

SAN FRANCISCO, Aug. 16, 2021 (GLOBE NEWSWIRE) -- Opendoor Technologies Inc. (Nasdaq: OPEN) (“Opendoor”), a leading digital platform for residential real estate, today announced its intention to offer, subject to market and other conditions, $750,000,000 aggregate principal amount of convertible senior notes due 2026 (the “notes”) in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). Opendoor also expects to grant the initial purchasers of the notes an option to purchase, for settlement within a period of 13 days from, and including, the date when the notes are first issued, up to an additional $112,500,000 principal amount of notes.

Opendoor Technologies Inc. Announces Proposed Convertible Senior Notes Offering

Q2 EPS for these three New Age companies were mediocre considering the strength of the housing market. Their new strategy of bundling services to be one-stop shops for home buying/selling has plenty of company. Competition should remain fierce for years.

New Age Realtors Zillow, Redfin And Opendoor: Sad Q2s And Despite 50% Price Drops, Still Too Expensive

Opendoor Technologies puts out very strong guidance for H2 2021. By my estimates, contribution profits will reach a $500 million run rate by Q4 2021, and at least $700 million in 2022.

Opendoor Technologies: Now - This Looks Very Interesting

Although just a "theory", the concepts of game theory can be used to visualize where a particular industry is heading.

iBuyers: Game Theory And The Fate Of The Industry

Baron Funds recently released its portfolio updates for the second quarter of 2021, which ended on June 30.

Ron Baron's Firm Shuts Door on Opendoor

OPEN stock was intriguing when the pandemic was going bonkers but as people become acclimated, the bull thesis may fade. The post Rising Confidence Is Good for Real Estate, Not for Opendoor Technologies appeared first on InvestorPlace.

Rising Confidence Is Good for Real Estate, Not for Opendoor Technologies

The iBuying pioneer is expanding at a rapid pace.

Why Opendoor Stock Soared 24% Today

The post Opendoor Stock Soars on Q2 Earnings appeared first on Millennial Money. Shares of Opendoor Technologies (NASDAQ: OPEN) have soared on Thursday, up by 18% as of 12:30 p.m. EDT, after the company reported strong second quarter earnings. The iBuying specialist continues to benefit from the housing boom, scooping up a record number of homes during the quarter. Here's what investors need to know. Riding the housing

Opendoor Stock Soars on Q2 Earnings

Opendoor Technologies Inc. (NASDAQ: OPEN) shares are trading higher Thursday after the company announced better-than-expected second-quarter financial results. The company reported a loss of 24 cents per share, beating the estimate calling for a loss of 34 cents per share.

Where Is Opendoor's Stock Rally Headed Next?

Opendoor Technologies Inc (NASDAQ: OPEN) is trading higher Thursday after the company announced better-than-expected second-quarter financial results. Opendoor reported a quarterly earnings loss of 24 cents per share, which beat the estimate for a loss of 34 cents per share.

Why Opendoor Shares Are Trading Higher Today

Opendoor Technologies, Inc. (OPEN) CEO Eric Wu on Q2 2021 Results - Earnings Call Transcript

Shares of Opendoor Technologies (NASDAQ:OPEN) moved higher by 17.3% in after-market trading after the company reported Q2 results. Quarterly Results Earnings per share rose 63.64% year over year to ($0.24), which beat the estimate of ($0.34).

News for Opendoor Stock (OPEN)