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Opendoor Technologies Inc.(OPEN)Earnings, Financials & Key Ratios
OPEN•NASDAQ•REIT / Real Estate
Price updated Jun 19, 2026
AboutOpendoor Technologies Inc. operates a digital platform for residential real estate in the United States. The company's platform enables consumers to buy and sell a home online. It also provides title insurance and escrow services. Opendoor Technologies Inc. was incorporated in 2013 and is based in Tempe, Arizona.Show more
- Revenue$4.37B-15.2%
- FFO-$1.25B-269.9%
- FFO/Share-1.64-237.5%
- FFO Payout0%
- FFO per Share-1.64-237.5%
- NOI Margin6.95%-17.2%
- FFO Margin-28.69%-336.1%
- ROE-151.34%-224.3%
- ROA-46.99%-301.2%
OPEN Key Insights
Opendoor Technologies Inc. (OPEN) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
No significant strengths identified
✗Weaknesses
- ✗Profits declining 38.7% over 5 years
- ✗FFO declining 322.5% TTM
- ✗Weak momentum: RS Rating 20 (bottom 20%)
- ✗Low NOI margin of 7.0%
- ✗Trading more than 30% below 52-week high
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
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OPEN Price & Volume
Opendoor Technologies Inc. (OPEN) stock price & volume — 10-year historical chart
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OPEN Growth Metrics
Opendoor Technologies Inc. (OPEN) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years11.09%
3 Years-34.52%
TTM-23.16%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM-277.17%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM-238.42%
Return on Capital
10 Years-15.79%
5 Years-13.18%
3 Years-10.38%
Last Year-11.67%
OPEN Recent Earnings
Opendoor Technologies Inc. (OPEN) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 9/12 qtrs (75%)●Beat Revenue 11/12 qtrs (92%)
Q2 2026Latest
May 7, 2026Metric
Actual
Est
EPS
$0.18-260.0%
$0.05
Rev
$720M+8.1%
$666M
Q1 2026
Feb 19, 2026Metric
Actual
Est
EPS
$0.07+12.5%
$0.08
Rev
$736M+23.9%
$594M
Q4 2025
Nov 6, 2025Metric
Actual
Est
EPS
$0.08-4.7%
$0.08
Rev
$915M+7.7%
$850M
Q3 2025
Aug 5, 2025Metric
Actual
Est
EPS
$0.01+0.0%
$0.01
Rev
$1.6B+82.0%
$861M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 7, 2026 | $0.18vs $0.05-260.0% | $720Mvs $666M+8.1% |
| Q1 2026 | Feb 19, 2026 | $0.07vs $0.08+12.5% | $736Mvs $594M+23.9% |
| Q4 2025 | Nov 6, 2025 | $0.08vs $0.08-4.7% | $915Mvs $850M+7.7% |
| Q3 2025 | Aug 5, 2025 | $0.01vs $0.01+0.0% | $1.6Bvs $861M+82.0% |
Based on last 12 quarters of dataView full earnings history →
OPEN Peer Comparison
Opendoor Technologies Inc. (OPEN) competitors in Residential iBuying and instant offers — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 COMP | 6.09B | 10.01 | -100.10 | 23.67% | 0.17% | 1.11% | 0.58 | |
 Z | 7.72B | 32.11 | 354.81 | 15.52% | 2.27% | 1.28% | 0.11 | |
 HOUS | 1.98B | 17.64 | -15.34 | 0.99% | -2.18% | -8.37% | 1.95 | |
 RKT | 40.72B | 14.42 | -524.36 | 27.37% | 2.82% | 1.53% | ||
 EXPI | 753.34M | 4.73 | -33.79 | 4.48% | -0.35% | -7.05% | ||
 DOUG | 156.36M | 1.72 | 10.12 | 3.76% | 0.5% | 3.26% | 0.56 | |
 UWMC | 345.31M | 2.22 | 18.50 | 65.83% | 1.16% | 1.67% | 9.06 | |
 FAF | 7.02B | 68.63 | 11.44 | 21.64% | 11.19% | 12.54% | 0.35 |
Compare OPEN vs Peers
Opendoor Technologies Inc. (OPEN) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
OPEN Income Statement
Opendoor Technologies Inc. (OPEN) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Metric | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|
Revenue | 1.84B | 4.74B | 2.58B | 8.02B | 15.57B | 6.95B | 5.15B | 4.37B | 3.94B |
Revenue Growth % | - | 157.93% | -45.52% | 210.53% | 94.08% | -55.38% | -25.81% | -15.18% | -23.16% |
Property Operating Expenses | 1.7B | 4.44B | 2.36B | 7.29B | 14.9B | 6.46B | 4.72B | 4.07B | 3.63B |
Net Operating Income (NOI) | 133.43M▲ 0% | 301M▲ 125.6% | 220M▼ 26.9% | 730M▲ 231.8% | 667M▼ 8.6% | 487M▼ 27.0% | 433M▼ 11.1% | 304M▼ 29.8% | 312M▲ 0% |
NOI Margin % | 7.26% | 6.35% | 8.52% | 9.1% | 4.28% | 7.01% | 8.4% | 6.95% | 7.92% |
Operating Expenses | 297.1M | 549M | 406M | 1.3B | 1.6B | 873M | 753M | 577M | 703M |
G&A Expenses | 268.64M | 498M | 348M | 1.16B | 1.35B | 692M | 595M | 548M | 624M |
EBITDA | -150.89M | -209M | -123M | -513M | -841M | -314M | -267M | -227M | -363M |
EBITDA Margin % | -8.21% | -4.41% | -4.76% | -6.4% | -5.4% | -4.52% | -5.18% | -5.19% | -9.22% |
Depreciation & Amortization | 12.78M | 39M | 63M | 55M | 90M | 72M | 53M | 46M | 28M |
D&A / Revenue % | 0.7% | 0.82% | 2.44% | 0.69% | 0.58% | 1.04% | 1.03% | 1.05% | 0.71% |
Operating Income | -163.67M▲ 0% | -248M▼ 51.5% | -186M▲ 25.0% | -568M▼ 205.4% | -931M▼ 63.9% | -386M▲ 58.5% | -320M▲ 17.1% | -273M▲ 14.7% | -391M▲ 0% |
Operating Margin % | -8.9% | -5.23% | -7.2% | -7.08% | -5.98% | -5.56% | -6.21% | -6.25% | -9.93% |
Interest Expense | 60.46M | 110M | 67.81M | 143M | 385M | 211M | 133M | 131M | 2M |
Interest Coverage | -2.96x | -2.08x | -2.73x | -3.94x | -2.51x | -0.30x | -2.23x | -8.92x | - |
Non-Operating Income | 15.42M | -19M | -1M | -4M | 35M | -323M | -24M | 896M | 885M |
Pretax Income | -239.55M▲ 0% | -339M▼ 41.5% | -253M▲ 25.4% | -661M▼ 161.3% | -1.35B▼ 104.4% | -274M▲ 79.7% | -391M▼ 42.7% | -1.3B▼ 232.5% | -1.39B▲ 0% |
Pretax Margin % | -13.03% | -7.15% | -9.79% | -8.24% | -8.68% | -3.94% | -7.59% | -29.74% | -35.25% |
Income Tax | 377K | 0 | 0 | 1M | 2M | 1M | 1M | 0 | 0 |
Effective Tax Rate % | -0.16% | 0% | 0% | -0.15% | -0.15% | -0.36% | -0.26% | 0% | 0% |
Net Income | -241.29M▲ 0% | -341M▼ 41.3% | -253M▲ 25.8% | -662M▼ 161.7% | -1.35B▼ 104.4% | -275M▲ 79.7% | -392M▼ 42.5% | -1.3B▼ 231.6% | -1.39B▲ 0% |
Net Margin % | -13.13% | -7.19% | -9.79% | -8.25% | -8.69% | -3.96% | -7.61% | -29.74% | -35.25% |
Net Income Growth % | - | -41.32% | 25.81% | -161.66% | -104.38% | 79.67% | -42.55% | -231.63% | -277.17% |
Funds From Operations (FFO) | -228.51M▲ 0% | -302M▼ 32.2% | -190M▲ 37.1% | -607M▼ 219.5% | -1.26B▼ 108.1% | -203M▲ 83.9% | -339M▼ 67.0% | -1.25B▼ 269.9% | -1.35B▲ 0% |
FFO Margin % | -12.43% | -6.37% | -7.36% | -7.57% | -8.11% | -2.92% | -6.58% | -28.69% | -34.33% |
FFO Growth % | - | -32.16% | 37.09% | -219.47% | -108.07% | 83.93% | -67% | -269.91% | -1047.54% |
FFO per Share | -0.42 | -3.78 | -1.74 | -1.02 | -2.01 | -0.31 | -0.48 | -1.64 | -1.41 |
FFO Payout Ratio % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
EPS (Diluted) | -0.46▲ 0% | -4.26▼ 826.9% | -2.31▲ 45.8% | -1.12▲ 51.5% | -2.16▼ 92.9% | -0.42▲ 80.6% | -0.56▼ 33.3% | -1.70▼ 203.6% | -1.45▲ 0% |
EPS Growth % | - | -826.93% | 45.82% | 51.52% | -92.86% | 80.56% | -33.33% | -203.57% | -238.42% |
EPS (Basic) | -0.46 | -4.26 | -2.31 | -1.12 | -2.16 | -0.42 | -0.56 | -1.70 | - |
Diluted Shares Outstanding | 544.42M | 79.98M | 109.3M | 592.57M | 627.11M | 657.11M | 699.46M | 766.53M | 959.33M |
OPEN Balance Sheet
Opendoor Technologies Inc. (OPEN) balance sheet — assets, liabilities & shareholders' equity
| Metric | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|
Total Assets | 1.84B | 2.23B | 2.18B | 9.51B | 6.61B | 3.57B | 3.13B | 2.41B | 2.35B |
Asset Growth % | - | 21.14% | -2.5% | 336.86% | -30.49% | -46.02% | -12.36% | -23% | -85.95% |
Real Estate & Other Assets | 3M | 5.39M | 4M | 7M | 27M | 22M | 60M | 70M | 71M |
PP&E (Net) | 17.98M | 95.29M | 79M | 87M | 99M | 91M | 66M | 35M | 33M |
Investment Securities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total Current Assets | 1.81B | 2.09B | 2.05B | 9.34B | 6.47B | 3.44B | 3B | 2.3B | 2.24B |
Cash & Equivalents | 262.37M | 405.08M | 1.41B | 1.73B | 1.14B | 999M | 671M | 962M | 999M |
Receivables | -1000K | 0 | 0 | 0 | 0 | 0 | 1000K | 0 | 0 |
Other Current Assets | 175M | 326.62M | 126M | 1.03B | 725M | 602M | 153M | 412M | 104M |
Intangible Assets | 3.74M | 12.41M | 9M | 12M | 12M | 5M | 0 | 0 | 0 |
Total Liabilities | 1.17B | 2.96B | 623M | 7.26B | 5.52B | 2.6B | 2.41B | 1.4B | 1.4B |
Total Debt | 1.13B | 1.5B | 550M | 7.11B | 5.4B | 2.53B | 2.32B | 193M | 193M |
Net Debt | 870.73M | 1.09B | -863M | 5.38B | 4.26B | 1.53B | 1.65B | -769M | -806M |
Long-Term Debt | 100.5M | 362.02M | 136M | 2.82B | 3.98B | 2.51B | 1.87B | 193M | 193M |
Short-Term Borrowings | 1.03B | 1.07B | 346M | 4.25B | 1.38B | 0 | 432M | 0 | 0 |
Capital Lease Obligations | 0 | 61.91M | 68M | 46M | 45M | 24M | 15M | 0 | 16M |
Total Current Liabilities | 1.07B | 1.13B | 393M | 4.4B | 1.5B | 70M | 529M | 327M | 317M |
Accounts Payable | 6.24M | 6.45M | 3M | 3M | 5M | 2M | 9M | 0 | 0 |
Deferred Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Liabilities | 5.08M | 1.43B | 47M | 0 | 0 | 1M | 1M | 882M | 885M |
Total Equity | 668.52M▲ 0% | -733.1M▼ 209.7% | 1.55B▲ 311.8% | 2.25B▲ 44.8% | 1.09B▼ 51.7% | 967M▼ 11.0% | 713M▼ 26.3% | 1B▲ 41.0% | 954M▲ 0% |
Equity Growth % | - | -209.66% | 311.84% | 44.75% | -51.69% | -10.96% | -26.27% | 40.95% | 64.78% |
Shareholders Equity | 667.03M | -733.1M | 1.55B | 2.25B | 1.09B | 967M | 713M | 1B | 954M |
Minority Interest | 1.49M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Common Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Additional Paid-in Capital | 31.2M | 57.36M | 2.6B | 3.96B | 4.15B | 4.3B | 4.44B | 0 | 0 |
Retained Earnings | -446.06M | -790.48M | -1.04B | -1.71B | -3.06B | -3.33B | -3.73B | -5.03B | -5.21B |
Preferred Stock | 1.08B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Return on Assets (ROA) | -13.1% | -16.74% | -11.48% | -11.33% | -16.79% | -5.41% | -11.71% | -46.99% | -53.58% |
Return on Equity (ROE) | -36.09% | - | -61.72% | -34.83% | -81.16% | -26.79% | -46.67% | -151.34% | -163.25% |
Debt / Assets | 61.5% | 67.13% | 25.28% | 74.78% | 81.72% | 71.04% | 74.12% | 8.02% | 8.22% |
Debt / Equity | 1.69x | - | 0.35x | 3.16x | 4.97x | 2.62x | 3.25x | 0.19x | 0.20x |
Net Debt / EBITDA | - | - | - | - | - | - | - | - | 2.22x |
Book Value per Share | 1.23 | -9.17 | 14.21 | 3.79 | 1.73 | 1.47 | 1.02 | 1.31 | 0.99 |
OPEN Cash Flow Statement
Opendoor Technologies Inc. (OPEN) cash flow — operating, investing & free cash flow history
| Metric | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|
Cash from Operations | -1.18B | -272.05M | 682M | -5.79B | 730M | 2.34B | -595M | 1.05B | 1.08B |
Operating CF Growth % | - | 76.94% | 350.69% | -949.56% | 112.6% | 221.1% | -125.38% | 276.3% | 1107.21% |
Operating CF / Revenue % | -64.18% | -5.74% | 26.4% | -72.24% | 4.69% | 33.75% | -11.55% | 24% | 27.48% |
Net Income | -239.93M | -341.02M | -253M | -662M | -1.35B | -275M | -392M | -1.1B | -1.39B |
Depreciation & Amortization | 12.78M | 39.31M | 63M | 55M | 90M | 72M | 53M | 46M | 43M |
Stock-Based Compensation | 8.42M | 0 | 38M | 536M | 171M | 126M | 114M | 159M | 145M |
Other Non-Cash Items | 20.52M | 41.13M | -1M | 1M | 866M | -136M | 59M | 778M | 1.09B |
Working Capital Changes | -1B | -11.48M | 835M | -5.72B | 956M | 2.56B | -429M | 1.16B | 1.19B |
Cash from Investing | -7.43M | -95.08M | -22M | -476M | 234M | 44M | 28M | -12M | -18M |
Acquisitions (Net) | -4.86M | -32.81M | 0 | -33M | -10M | 0 | -2M | 0 | 0 |
Purchase of Investments | -22.93M | -79.32M | -175M | -501M | -53M | 0 | 0 | -6M | -6M |
Sale of Investments | 40.37M | 45.02M | 170M | 92M | 334M | 81M | 55M | 6M | 0 |
Other Investing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash from Financing | 1.5B | 646.18M | 161M | 7.34B | -1.75B | -2.64B | -210M | -499M | -690M |
Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Common Dividends | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Debt Issuance (Net) | 1000K | 1000K | -1000K | 1000K | -1000K | -1000K | -1000K | -1000K | -2M |
Share Repurchases | -37.78M | -3M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Financing | -3.46M | -3.28M | 0 | 0 | -10M | -4M | 0 | 1.36B | 1.14B |
Net Change in Cash | 309.43M▲ 0% | 684.82M▲ 121.3% | 821.18M▲ 19.9% | 1.07B▲ 30.5% | -787M▼ 173.4% | -251M▲ 68.1% | -777M▼ 209.6% | 538M▲ 169.2% | 374M▲ 0% |
Exchange Rate Effect | 0 | 405.77M | 178K | 0 | 0 | 0 | 0 | 0 | 0 |
Cash at Beginning | 96.35M | 406M | 684.82M | 1.51B | 2.58B | 1.79B | 1.54B | 763M | 1.3B |
Cash at End | 405.77M | 684.82M | 1.51B | 2.58B | 1.79B | 1.54B | 763M | 1.3B | 1.07B |
Free Cash Flow | -1.2B▲ 0% | -300.02M▲ 75.0% | 665M▲ 321.7% | -5.83B▼ 976.2% | 693M▲ 111.9% | 2.31B▲ 232.9% | -620M▼ 126.9% | 1.04B▲ 267.3% | 1.07B▲ 0% |
FCF Growth % | - | 74.99% | 321.65% | -976.24% | 111.89% | 232.9% | -126.87% | 267.26% | 249.23% |
FCF / Revenue % | -65.27% | -6.33% | 25.75% | -72.65% | 4.45% | 33.21% | -12.03% | 23.72% | 27.17% |
OPEN Key Ratios
Opendoor Technologies Inc. (OPEN) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|
FFO per Share | -3.78 | -1.74 | -1.02 | -2.01 | -0.31 | -0.48 | -1.64 | -1.41 |
FFO Payout Ratio | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
NOI Margin | 6.35% | 8.52% | 9.1% | 4.28% | 7.01% | 8.4% | 6.95% | 7.92% |
Net Debt / EBITDA | - | - | - | - | - | - | - | 2.22x |
Debt / Assets | 67.13% | 25.28% | 74.78% | 81.72% | 71.04% | 74.12% | 8.02% | 8.22% |
Interest Coverage | -2.08x | -2.73x | -3.94x | -2.51x | -0.30x | -2.23x | -8.92x | - |
Book Value / Share | -9.17 | 14.21 | 3.79 | 1.73 | 1.47 | 1.02 | 1.31 | 0.99 |
Revenue Growth | 157.93% | -45.52% | 210.53% | 94.08% | -55.38% | -25.81% | -15.18% | -23.16% |
Related:OPEN Dividend History·OPEN Revenue History·OPEN Price History·OPEN P/E History·OPEN Financial Ratios·OPEN Institutional Holders
OPEN SEC Filings & Documents
Opendoor Technologies Inc. (OPEN) SEC filings — annual & quarterly reports (10-K, 10-Q)
OPEN Frequently Asked Questions
Opendoor Technologies Inc. (OPEN) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Opendoor Technologies Inc. (OPEN) reported $3.94B in revenue for fiscal year 2025. This represents a 114% increase from $1.84B in 2018.
Opendoor Technologies Inc. (OPEN) saw revenue decline by 15.2% over the past year.
Opendoor Technologies Inc. (OPEN) reported a net loss of $1.39B for fiscal year 2025.
Dividend & Returns
Opendoor Technologies Inc. (OPEN) has a return on equity (ROE) of -151.3%. Negative ROE indicates the company is unprofitable.
Industry Metrics
Opendoor Technologies Inc. (OPEN) generated Funds From Operations (FFO) of $-1352.0M in the trailing twelve months. FFO is the primary profitability metric for REITs.