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

Opendoor has been innovative and is looking at expanding into new markets, but there are too many headwinds to make OPEN stock a good bet. The post There Are Some Headwinds For Opendoor Technologies appeared first on InvestorPlace.

There Are Some Headwinds For Opendoor Technologies

Redfin

Zillow

The tech-powered broker has a well-rounded business to address nearly all the needs of a residential real estate transaction.

Why I Still Like Redfin Better Than Zillow and Opendoor

Bandwidth

Lemonade

Three hot growth stocks plunged 21%, 22%, and 26% last week. Let's go shopping.

3 Top Stocks to Buy That Fell More Than 20% Last Week

Investors don't seem too impressed with the latest news.

Why Is Opendoor Technologies Plunging on Friday?

Opendoor is still in the early stages of digitizing the real estate market, and recent weakness in OPEN stock is a generational opportunity. The post Down 15%, Opendoor Stock Sports 500% Upside Potential appeared first on InvestorPlace.

Down 15%, Opendoor Stock Sports 500% Upside Potential

Opendoor Technologies Inc. (OPEN) CEO Eric Wu on Q4 2020 Results - Earnings Call Transcript

Exceeds prior expectations for fourth quarter and full year 2020 results Doubling of markets expected for 2021

Opendoor Announces Fourth Quarter and Full Year 2020 Results

Opendoor Technologies' (OPEN) Q4 results to likely reflect benefits of a healthy housing market, with an increase in the number of homes sold and appreciation in home prices.

What's in the Cards for Opendoor Technologies' (OPEN) Q4 Earnings?

Churchill Capital Corp IV

Clover Health Investments

Social Capital Hedosophia Holdings Corp. IV

Social Capital Hedosophia Holdings Corp. V

Social Capital Hedosophia Holdings Corp. VI

Virgin Galactic

IPOF stock and sibling IPOD stock are both on the move after Chamath Palihapitiya fueled SPAC speculation on Twitter. Here's what to know.

IPOF Stock: Why Chamath Palihapitiya's SPACs Are Soaring Today

Expedia

H&R Block

Interactive Brokers

Grand Canyon Education

MGM Resorts

Under Armour

Although an intensely controversial issue, if the Biden administration succeeds in pushing student loan relief, these may be the best stocks to buy. The post 7 Stocks to Study Up on If Student Loan Relief Happens appeared first on InvestorPlace.

7 Stocks to Study Up on If Student Loan Relief Happens

American Well Corporation

Farfetch

Teladoc

Tesla

Ron Baron's firm takes stake in US property seller and UK online retailer

Baron Funds' Top 5 Trades of the 4th Quarter

Opendoor (OPEN) saw a big move last session, as its shares jumped more than 9% on the day, amid huge volumes.

Opendoor (OPEN) Jumps: Stock Rises 9.3%

Loup Ventures recently dove into the real estate market with two companies that could disrupt the sector with their technology. What Happened: The Loup Ventures team of Gene Munster, Doug Clinton and Will Thompson believe iBuying, or buying homes directly from sellers, will grow over the next several years.

Zillow, Opendoor Can Triple While Disrupting Real Estate Market: Loup Ventures

Roku

Take-Two Interactive Software

Riot Blockchain

Roku, Riot Blockchain, Take-Two Interactive and Opendoor Technologies were our top stock trades for Wednesday. Now, let's look at the charts.

4 Top Stock Trades for Wednesday: ROKU, RIOT, TTWO, OPEN

SPAC superstar Chamath Palihapitiya has an impressive track record and with multiple catalysts in place, OPEN stock could run far. The post OpenDoor Technologies Could Provide 10X Returns Eventually appeared first on InvestorPlace.

OpenDoor Technologies Could Provide 10X Returns Eventually

SAN FRANCISCO, Calif., Feb. 04, 2021 (GLOBE NEWSWIRE) -- Opendoor Technologies Inc. (“Opendoor”) (Nasdaq: OPEN), a leading digital platform for residential real estate, today announced the upsize and pricing of its follow-on public offering of 28,536,888 shares of its common stock at a price to the public of $27 per share. All of the shares of common stock are being offered by Opendoor. The gross proceeds from the offering, before deducting underwriting discounts and commissions and other offering expenses payable by Opendoor, are expected to be approximately $770 million. The offering was upsized from the previously announced offering size of 24,000,000 shares of common stock. The offering is expected to close on February 9, 2021, subject to the satisfaction of customary closing conditions. In addition, Opendoor has granted the underwriters the right to purchase up to 4,280,533 additional shares of common stock at the public offering price, less the underwriting discounts and commissions.

Opendoor Technologies Inc. Announces Upsize and Pricing of its Follow-On Public Offering of Common Stock

The real estate market is currently one of the largest undisrupted markets in the world. The USA market alone is worth $1.6 trillion. Opendoor is reshaping the real estate market, making it easier to buy, sell and finance properties.

Opendoor: Disrupting One Of The Hugest Undisrupted Markets In The World

SAN FRANCISCO, Feb. 02, 2021 (GLOBE NEWSWIRE) -- Opendoor Technologies Inc. (“Opendoor”) (Nasdaq: OPEN), a leading digital platform for residential real estate, today announced that it has commenced an underwritten public offering of 24,000,000 shares of its common stock. All of the shares in the proposed offering will be sold by Opendoor. In addition, Opendoor expects to grant the underwriters a 30-day option to purchase up to an additional 3,600,000 shares of its common stock in the offering. The proposed offering is subject to market and other conditions, and there can be no assurance as to whether or when the proposed offering may be completed, or as to the actual size or terms of the offering. Opendoor intends to use the net proceeds from this offering to invest in increasing existing market penetration and to expand into new markets, and for working capital and general corporate purposes.

Opendoor Technologies Inc. Announces Proposed Public Offering of Common Stock

The company has an interesting business model, but it is risky, so investors should avoid OpenDorr stock for now. The post Investors May Want to Flip OpenDoor Stock appeared first on InvestorPlace.

Investors May Want to Flip OpenDoor Stock

Here are the key things to look for when evaluating a premerger blank-check company.

Your Guide to Analyzing SPAC Investments

SAN FRANCISCO, Jan. 29, 2021 (GLOBE NEWSWIRE) -- Opendoor Technologies Inc. (“Opendoor”) (Nasdaq: OPEN), a leading digital platform for residential real estate, today announced that it will report fourth quarter and full year 2020 financial results and provide a business update for the period ended December 31, 2020, following the close of the market on Thursday, March 4, 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 Fourth Quarter and Full Year 2020 Financial Results on March 4, 2021

The iBuying business model in the real estate industry looks promising and it can take Opendoor stock higher in the near future. The post Opendoor Technologies Takes Unique Approach Towards Real Estate Industry appeared first on InvestorPlace.

Opendoor Technologies Takes Unique Approach Towards Real Estate Industry

The underlying business of Opendoor stock brings convenience to the real estate market, and that alone is worth a premium. The post 3 Reasons to Invite Opendoor Stock Into Your Portfolio appeared first on InvestorPlace.

3 Reasons to Invite Opendoor Stock Into Your Portfolio

Thanks to its iBuying innovations, Opendoor stock has benefitted from delivering next-generation solutions. But will that be enough?

Opendoor Stock Is a Speculative Name

Opendoor Technologies' senior management is like the starting lineup of the Kansas City Chiefs. Does that make Opendoor stock a buy?

News for Opendoor Stock (OPEN)