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

OPEN stock is a in a game of wait and see right now because there's simply so much going on related to it and its sector. The post OPEN Stock May Stagnate as Housing Bubble Questions Remain appeared first on InvestorPlace.

OPEN Stock May Stagnate as Housing Bubble Questions Remain

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3 SPACs to Buy Right Here, Right Now!

Opendoor is the pioneer digital disruptor in the massive residential real estate market, and the company is still in its early stages of growth. Investors have been asking questions about its low gross margins business model, without fully considering its scalability potential.

Opendoor Technologies: Don't Overlook Its Healthy Cash Flows, Massive Scalability Potential

OPEN stock looks at least 54% undervalued. It's worth at least $22.58 based on 3 times $5 billion in expected sales in the next year.

Opendoor Technologies Looks 54% Undervalued as Home Buying Picks Up

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Upstart, Opendoor, Yeti, Alibaba and AMC Entertainment were our top stock trades for Thursday. Let's look at what the charts are suggesting.

5 Top Stock Trades for Thursday: UPST, OPEN, YETI, BABA, AMC

The newly public iBuying company reported its first-quarter results.

Why Opendoor Technologies Stock Plunged Today

Opendoor's stellar first quarter numbers strongly evidence that recent weakness in OPEN stock is unsubstantiated and overdone. The post Opendoor's Earnings Paint a Rosy Picture.

Opendoor's Earnings Paint a Rosy Picture. Why OPEN Stock Could Clear $50+.

Opendoor Technologies Inc. (OPEN) CEO Eric Wu on Q1 2021 Results - Earnings Call Transcript

Total Homes Sold of 2,462, up 190% versus 4Q20 Total Homes Purchased of 3,594, up 78% versus 4Q20 Total Revenue of $747 million, up 200% versus 4Q20 GAAP Gross Profit of $97 million, or 13% of Total Revenue

Opendoor Announces First Quarter 2021 Financial Results

Opendoor Technologies' (OPEN) first-quarter 2021 revenues are expected to have benefited from solid home resale performance and an increase in home purchases

What Awaits Opendoor Technologies (OPEN) in Q1 Earnings?

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OPEN Stock is trading at a discount based on its immense potential to disrupt the residential US real estate market The post Opendoor Technologies Is An Undervalued Long-Term iBuying Play appeared first on InvestorPlace. More From InvestorPlace Why Everyone Is Investing in 5G All WRONG It doesn't matter if you have $500 in savings or $5 million.

Opendoor Technologies Is An Undervalued Long-Term iBuying Play

Tough competition and the high valuation of Opendoor's shares are among the reasons that investors should avoid OPEN stock. The post Investors Should Avoid Opendoor Stock appeared first on InvestorPlace.

Investors Should Avoid Opendoor Stock

Opendoor Technologies has a massive market to serve and the company's unique business model could take shares of OPEN stock higher. The post 2 Reasons Why Opendoor Technologies Will Soar In 2021 appeared first on InvestorPlace.

2 Reasons Why Opendoor Technologies Will Soar In 2021

Opendoor Technologies Inc. (OPEN) closed at $21.53 in the latest trading session, marking a -0.32% move from the prior day.

Opendoor Technologies Inc. (OPEN) Dips More Than Broader Markets: What You Should Know

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Sean Udall Names His 3 Favorite SPACs On 'PreMarket Prep'

SAN FRANCISCO, April 19, 2021 (GLOBE NEWSWIRE) -- Opendoor Technologies Inc. (“Opendoor”) (Nasdaq: OPEN), a leading digital platform for residential real estate, today announced that it will report first quarter 2021 financial results for the period ended March 31, 2021, following the close of the market on Tuesday, May 11, 2021. 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 2021 Financial Results on May 11, 2021

The market has turned its back on Opendoor. But app and web traffic data show that this company is growing like wildfire.

Buy Opendoor Stock as Rapid Growth Accelerates

Opendoor is disrupting the residential real estate by giving instant competitive cash offers and certainty to sellers, and only charging slightly more than a traditional real estate agent. Opendoor has the highest volume, revenue, and gross margins compared to its 3 main competitors - Zillow, Offerpad, and Redfin.

Opendoor: Huge Potential Upside And Potential 2021 Revenue Blowout

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OPEN stock has been negatively impacted by the novel coronavirus pandemic, but should be back on track in the post-pandemic reality of 2021. The post Buy the Dip in Opendoor Technologies Before Its 2021 Comeback appeared first on InvestorPlace.

News for Opendoor Stock (OPEN)