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

Following a burst of enthusiasm after reporting earnings late on Thursday, house-flipper Opendoor Technologies Inc.

Online Real Estate Company Opendoor Stock Is Soaring: Here's Why

Opendoor has scaled down its business and trimmed its losses to adapt to the current housing market. Investors seem to be betting that the Fed is done raising interest rates, which would benefit Opendoor.

Why Opendoor Stock Was Moving Higher Today

Opendoor Technologies Inc. (NASDAQ:OPEN ) Q3 2023 Earnings Call Transcript November 2, 2023 5:00 PM ET Company Participants Kimberly Niehaus - Investor Relations Officer Carrie Wheeler - Chief Executive Officer Christy Schwartz - Interim Chief Financial Officer Dod Fraser - President of Capital and Open Exchange Conference Call Participants Nick Jones - JMP Securities Ygal Arounian - Citigroup Curtis Nagle - Bank of America Dae Lee - JPMorgan Ryan Tomasello - KBW Chad Larkin - Oppenheimer & Company Operator Good day and thank you for standing by. Welcome to the Opendoor Third Quarter 2023 Earnings Conference Call.

Opendoor Technologies Inc. (OPEN) Q3 2023 Earnings Call Transcript

Compass

Redfin

Real estate stocks stand to benefit if the Fed is done raising rates. Existing home sales have been crushed by rising mortgage rates.

Why Opendoor, Redfin, and Compass Stocks All Jumped Today

SAN FRANCISCO, Nov. 02, 2023 (GLOBE NEWSWIRE) -- Opendoor Technologies Inc. (“Opendoor”) (Nasdaq: OPEN), a leading e-commerce platform for residential real estate transactions, today announced Dana Hamilton has been appointed to the Opendoor Board of Directors, effective immediately. Ms. Hamilton will serve on the Board's Audit Committee.

Dana Hamilton joins Opendoor Board of Directors

SAN FRANCISCO, Nov. 02, 2023 (GLOBE NEWSWIRE) -- Opendoor Technologies Inc. (Nasdaq: OPEN), a leading e-commerce platform for residential real estate transactions, today reported financial results for its quarter ended September 30, 2023. Opendoor's third quarter of 2023 financial results and management commentary can be accessed through the Company's shareholder letter on the “Quarterly Reports” page of Opendoor's investor relations website at https://investor.opendoor.com.

Opendoor Announces Third Quarter of 2023 Financial Results

Zillow

All housing brokerage firms were down today in the wake of a major court decision. It adds insult to injury during the most challenging housing environment in years.

Why Redfin, Opendoor, and Zillow Plunged Today

Opendoor is making progress towards achieving free cash flow breakeven by H1 2024, demonstrating its sustainable business model. Opendoor's partnership with Zillow highlights the value of its business model and growth potential. Despite its current low valuation, Opendoor's unique business model and potential for growth suggest it is undervalued.

Opendoor: 2024 Is Just Around The Corner

Opendoor Technologies Inc. (OPEN) closed at $2.13 in the latest trading session, marking a +0.47% move from the prior day.

Opendoor Technologies Inc. (OPEN) Advances While Market Declines: Some Information for Investors

SAN FRANCISCO, Oct. 23, 2023 (GLOBE NEWSWIRE) -- Opendoor Technologies Inc. (“Opendoor”) (Nasdaq: OPEN), a leading e-commerce platform for residential real estate transactions, today announced that on October 20, 2023, the Compensation Committee of Opendoor's Board of Directors granted restricted stock units covering 3,521,341 shares of its common stock to twenty-six (26) non-executive employees, in connection with their commencement of employment, under the Opendoor Technologies Inc. 2022 Inducement Award Plan (the “Inducement Plan”). The restricted stock units were granted as an inducement material to the employees' commencement of employment and were granted as an employment inducement award pursuant to Nasdaq Listing Rule 5635(c)(4).

Opendoor Announces Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)

The latest trading day saw Opendoor Technologies Inc. (OPEN) settling at $2.17, representing a -1.36% change from its previous close.

Opendoor Technologies Inc. (OPEN) Sees a More Significant Dip Than Broader Market: Some Facts to Know

Offerpad Solutions

US mortgage rates are soaring as investors predict that the Federal Reserve will continue hiking rates for longer. They jumped to 8% on Thursday for the first time in 23 years.

US mortgage rates hit 8%: Is it safe to buy RDFN, COMP, OPAD, OPEN stocks dip?

Opendoor Technologies Inc. (OPEN) reachead $2.45 at the closing of the latest trading day, reflecting a +0.82% change compared to its last close.

Why the Market Dipped But Opendoor Technologies Inc. (OPEN) Gained Today

Opendoor Technologies Inc. (OPEN) closed at $2.69 in the latest trading session, marking a +0.75% move from the prior day.

Opendoor Technologies Inc. (OPEN) Exceeds Market Returns: Some Facts to Consider

Opendoor Technologies Inc. (OPEN) closed at $2.64 in the latest trading session, marking a -1.49% move from the prior day.

Opendoor Technologies Inc. (OPEN) Declines More Than Market: Some Information for Investors

SAN FRANCISCO, Oct. 05, 2023 (GLOBE NEWSWIRE) -- Opendoor Technologies Inc. (“Opendoor”) (Nasdaq: OPEN), a leading e-commerce platform for residential real estate transactions, today announced that it will report third quarter 2023 financial results for the period ended September 30, 2023 following the close of the market on Thursday, November 2, 2023. 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 Third Quarter 2023 Financial Results on November 2nd, 2023

Spectral AI Inc

Sirius XM Holdings Inc

VS MEDIA Holdings Ltd

Penny stocks, defined as stocks trading under $5 per share, are known for their volatility and potential for significant returns. However, the low price of these stocks also makes them susceptible to dramatic price swings based on company-specific and industry news events.

Are Penny Stocks Worth It? 4 To Watch With Big News

Comments from Fed officials and a strong job openings report pushed mortgage rates higher. Opendoor is especially sensitive to higher rates and has struggled in the current housing market.

Why Opendoor Stock Was Down Today

The Federal Reserve's updated interest-rate forecast poses another challenge for Opendoor. The company is unlikely to return to profitability until interest rates start falling.

Why Opendoor Stock Plunged 32% in September

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Small-cap stocks are a perennial favorite among retail investors. On average, small-cap stocks (as a category) outperform the overall market over a long enough period.

Ticking Time Bombs: 7 Small-Cap Stocks to Dump Before the Damage Is Done

A research firm upped its recommendation on the real estate tech specialist, to hold from the equivalent of sell. The firm feels that the stock and at least one peer are now priced fairly in relation to the prospects of the housing market.

Why Opendoor Technologies Stock Bounced Higher Today

Opendoor stock is down 92% from the peak it reached in 2021. Results should improve once mortgage rates come down.

Opendoor Stock: Bull vs. Bear

Shares of innovative real estate platform Opendoor (NASDAQ: OPEN ) — which leverages a technology-driven appraisal method to make quick offers on homes — slipped on Wednesday. Earlier in the morning, news came out that CEO Carrie Wheeler sold a significant amount of her holdings.

Opendoor CEO Just Sold $2 Million Worth of OPEN Stock

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As uncertainty reigns, it's time to check your portfolio for penny stocks to sell. The allure of penny stocks remains undeniable, and there are genuine diamonds hidden within the realm of stocks trading under $5 per share.

7 Penny Stocks That Might Not Survive the Next Market Downturn

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There are many great opportunities in “penny stock territory,” but there are far more stocks trading for $5 per share or less that are best classified as penny stocks to sell. Most of the names that belong in the penny stock “sell” pile are speculative growth stories.

News for Opendoor Stock (OPEN)