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

Pinterest

Skillz

Find out what one of the most popular active investment managers likes right now.

3 Stocks ARK Invest's Red-Hot ETFs Bought Last Week

Opendoor offers a compelling way for home sellers to quickly sell their properties. Digging deeper into the financials and unit economics, it is clear the value proposition is speed over price.

Real Estate Tech: Really Thinking Through Opendoor Economics

Social Capital Hedosophia Holdings Corp. IV

Social Capital Hedosophia Holdings Corp. V

Social Capital Hedosophia Holdings Corp. VI

Virgin Galactic

This company could fit nicely into the notable SPAC investor's style.

I'd Love to See Chamath Palihapitiya Take This Company Public Next

Luminar Technologies

Find out what the future holds for these companies.

These 2 Nasdaq SPACs Have Doubled Since September -- and They're Still Rising

A close look at Opendoor Technologies numbers shows Opendoor stock is still very undervalued. OPEN stock is worth 55% more than today based on a comparison with Zillow stock.

Opendoor Technologies Is Still Very Undervalued Compared To Zillow

There are some valid questions about Opendoor's long-term outlook. But don't overthink it; OPEN stock is still heading upward.

Opendoor Is Riding Several Huge, Positive Catalysts

By providing liquidity to the real estate market, this company could be on its way to earning a huge chunk of a multi-trillion dollar industry.

Why I'm Not Buying Shares of Opendoor Technologies... Yet

DraftKings

Spotify

Investors interested in exposure to SPAC stocks can also smartly and more confidently diversify with these three companies. The post 3 Diversified SPAC Stocks to Buy That Don't Involve Electric Vehicles appeared first on InvestorPlace.

3 Diversified SPAC Stocks to Buy That Don't Involve Electric Vehicles

Unlike the real estate market, which may deserve "buyer beware" signs, Opendoor stock is set up nicely for a short-term purchase today. The post There's Opportunity In Opendoor Stock That Only Fools Would Miss appeared first on InvestorPlace.

There's Opportunity In Opendoor Stock That Only Fools Would Miss

CIIG Merger Corp.

Golden Nugget Online Gaming

Monterey Capital Acquisition Corp

Nikola

QuantumScape

Stable Road Acquisition Corp

Foley Trasimene Acquisition Corp

SPAC stocks were all the rage in 2020. However, these 10 have proved to be the most entertaining, even if they're not the most profitable.

10 of 2020's Most Fascinating SPAC Stocks

So, what's the call? Don't be the ranch, as story stocks continue to look risky.

Opendoor Stock Looks a Lot Better After the Big Sell-Off

While Opendoor stock represents a bet on a new real estate niche, the platform lost money prior to going public in a SPAC deal. The post Opendoor Stock Needs More Time to Prove Its Worth appeared first on InvestorPlace.

Opendoor Stock Needs More Time to Prove Its Worth

Opendoor stock is technically a speculative bet on future success but it all points to a thriving business in the long term. The post Opendoor Stock Is One To Own for the Long Term appeared first on InvestorPlace.

Opendoor Stock Is One To Own for the Long Term

Appian

Alibaba

One megacap under duress and two up-and-coming tech stocks will top my list of stocks to watch to start 2021.

3 Stocks to Watch in January

Opendoor stock may be going public at the right time. But wait for the company's market to mature before jumping in.

Opendoor Still Has to Prove Itself

Fisker Inc

Hyliion

Velodyne Lidar

Lordstown Motors

Which of these SPAC stocks have room to run in 2021? Here are 10 names and their near-term prospects as we move into the new year.

Grading 10 of 2020's Hottest SPACs in Preparation for the New Year

Opendoor stock is an unattractive investment on the back of its low-margin business and massive debt load The post Low Margins Make Opendoor Stock a Lackluster Investment appeared first on InvestorPlace. More From InvestorPlace Why Everyone Is Investing in 5G All WRONG Top Stock Picker Reveals His Next 1,000% Winner Radical New Battery Could Dismantle Oil Markets

Low Margins Make Opendoor Stock a Lackluster Investment

Now that its SPAC merger is complete, expect OPEN stock to take off as it continues to change the game for residential real estate. The post Get Into Real Estate With Disruptive Tech Play Opendoor appeared first on InvestorPlace.

Get Into Real Estate With Disruptive Tech Play Opendoor

TAM size is misleading, potential target customer likely is a small sub-set of the market. Current narrative on Opendoor doesn't delve deeper into potential conflicts the business model presents.

Fallacy Of The Opendoor Business Model

Social Capital Hedosophia Holdings Corp. II 

OPEN stock is captivating investors today after Opendoor shares started trading on the Nasdaq. Here's what you need to know now.

OPEN Stock: 11 Things to Know as Opendoor Starts Trading

Opendoor is worth 161% more, now that its SPAC merger closed. OPEN stock is worth at least $77.19, based on a comparison with Zillow.

Opendoor Technologies Is Worth 161% More, Now That Its SPAC Merger Closed

SAN FRANCISCO & PALO ALTO, Calif.--(BUSINESS WIRE)--Opendoor Labs Inc. (“Opendoor”), the online homes marketplace and pioneer in iBuying, and Social Capital Hedosophia Holdings Corp. II (NYSE: IPOB) ("SCH"), a publicly traded special purpose acquisition company, today completed their previously announced transaction to take Opendoor public. The transaction forms a leading, publicly traded digital platform for residential real estate. The newly formed company is named Opendoor Technologies Inc.

Opendoor, a Leading Digital Platform for Residential Real Estate, to Become Publicly-traded following Completed Transaction with Social Capital Hedosophia II

News for Opendoor Stock (OPEN)