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Opendoor Technologies Inc.(OPEN)Earnings, Financials & Key Ratios
OPEN•NASDAQ•REIT / Real Estate
$5.23
$4.99B mkt cap·Price updated May 6, 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 Margin8.01%-4.7%
- FFO Margin-28.69%-336.1%
- ROE-151.34%-224.3%
- ROA-46.99%-301.2%
- Debt/Assets8.02%-89.2%
- Book Value/Share1.31+28.6%
OPEN Key Insights
Opendoor Technologies Inc. (OPEN) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
No significant strengths identified
✗Weaknesses
- ✗FFO declining 283.5% TTM
- ✗Low NOI margin of 8.0%
- ✗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.
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-15.18%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM-231.63%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM-203.54%
Return on Capital
10 Years-15.86%
5 Years-13.3%
3 Years-10.58%
Last Year-12.27%
OPEN Recent Earnings
Opendoor Technologies Inc. (OPEN) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 10/12 qtrs (83%)●Beat Revenue 11/12 qtrs (92%)
Q1 2026Latest
Feb 19, 2026EPS
$0.07
Est $0.08
+12.5%
Revenue
$736M
Est $594M
+23.9%
Q4 2025
Nov 6, 2025EPS
$0.08
Est $0.08
-4.7%
Revenue
$915M
Est $850M
+7.7%
Q3 2025
Aug 5, 2025EPS
$0.01
Est $0.01
+0.0%
Revenue
$1.6B
Est $861M
+82.0%
Q2 2025
May 6, 2025EPS
$0.09
Est $0.11
+18.2%
Revenue
$1.2B
Est $1.1B
+8.8%
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q1 2026Latest | 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% |
| Q2 2025 | May 6, 2025 | $0.09vs $0.11+18.2% | $1.2Bvs $1.1B+8.8% |
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 | 4.08B | 7.26 | -72.60 | 23.67% | 0.17% | 1.11% | 4.98% | 0.58 |
 Z | 10.47B | 43.54 | 483.78 | 15.52% | -1.29% | -0.64% | 2.24% | 0.02 |
 HOUS | 1.98B | 17.64 | -15.34 | 0.99% | -2.18% | -8.42% | 1.31% | 1.95 |
 RKT | 1.99B | 14.09 | 67.10 | 34.84% | 0.54% | -1.15% | 1.55 | |
 EXPI | 1.01B | 6.28 | -44.86 | 4.48% | -0.48% | -9.36% | 10.78% | |
 DOUG | 175.55M | 1.99 | 11.71 | 3.76% | 1.47% | 10.25% | 0.56 | |
 UWMC | 724.07M | 3.43 | 28.54 | 65.83% | 0.87% | 0.92% | ||
 FAF | 7B | 68.38 | 11.40 | 21.64% | 11.19% | 12.54% | 10.9% | 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
| Line item | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1.84B | 4.74B | 2.58B | 8.02B | 15.57B | 6.95B | 5.15B | 4.37B |
| Revenue Growth % | - | 157.93% | -45.52% | 210.53% | 94.08% | -55.38% | -25.81% | -15.18% |
| Property Operating Expenses | 1.7B | 4.44B | 2.36B | 7.29B | 14.9B | 6.46B | 4.72B | 4.02B |
| 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% | 350M▼ 19.2% |
| NOI Margin % | 7.26% | 6.35% | 8.52% | 9.1% | 4.28% | 7.01% | 8.4% | 8.01% |
| Operating Expenses | 297.1M | 549M | 406M | 1.3B | 1.6B | 873M | 753M | 637M |
| G&A Expenses | 268.64M | 498M | 348M | 1.16B | 1.35B | 692M | 595M | 548M |
| EBITDA | -150.89M | -209M | -123M | -513M | -841M | -314M | -267M | -287M |
| EBITDA Margin % | -8.21% | -4.41% | -4.76% | -6.4% | -5.4% | -4.52% | -5.18% | -6.57% |
| Depreciation & Amortization | 12.78M | 39M | 63M | 55M | 90M | 72M | 53M | 0 |
| D&A / Revenue % | 0.7% | 0.82% | 2.44% | 0.69% | 0.58% | 1.04% | 1.03% | 0% |
| Operating Income | -163.67M▲ 0% | -248M▼ 51.5% | -186M▲ 25.0% | -568M▼ 205.4% | -931M▼ 63.9% | -386M▲ 58.5% | -320M▲ 17.1% | -287M▲ 10.3% |
| Operating Margin % | -8.9% | -5.23% | -7.2% | -7.08% | -5.98% | -5.56% | -6.21% | -6.57% |
| Interest Expense | 60.46M | 110M | 67.81M | 143M | 385M | 211M | 133M | -131M |
| Interest Coverage | -2.71x | -2.25x | -2.74x | -3.97x | -2.42x | -1.83x | -2.41x | - |
| Non-Operating Income | 15.42M | -19M | -1M | -4M | 35M | -323M | -24M | 0 |
| 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% |
| Pretax Margin % | -13.03% | -7.15% | -9.79% | -8.24% | -8.68% | -3.94% | -7.59% | -29.74% |
| Income Tax | 377K | 0 | 0 | 1M | 2M | 1M | 1M | 0 |
| Effective Tax Rate % | -0.16% | 0% | 0% | -0.15% | -0.15% | -0.36% | -0.26% | 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% |
| Net Margin % | -13.13% | -7.19% | -9.79% | -8.25% | -8.69% | -3.96% | -7.61% | -29.74% |
| Net Income Growth % | - | -41.32% | 25.81% | -161.66% | -104.38% | 79.67% | -42.55% | -231.63% |
| 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% |
| FFO Margin % | -12.43% | -6.37% | -7.36% | -7.57% | -8.11% | -2.92% | -6.58% | -28.69% |
| FFO Growth % | - | -32.16% | 37.09% | -219.47% | -108.07% | 83.93% | -67% | -269.91% |
| FFO per Share | -0.42 | -3.78 | -1.74 | -1.02 | -2.01 | -0.31 | -0.48 | -1.64 |
| FFO Payout Ratio % | 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% |
| EPS Growth % | - | -826.93% | 45.82% | 51.52% | -92.86% | 80.56% | -33.33% | -203.57% |
| 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 |
OPEN Balance Sheet
Opendoor Technologies Inc. (OPEN) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | 1.84B | 2.23B | 2.18B | 9.51B | 6.61B | 3.57B | 3.13B | 2.41B |
| Asset Growth % | - | 21.14% | -2.5% | 336.86% | -30.49% | -46.02% | -12.36% | -23% |
| Real Estate & Other Assets | 3M | 5.39M | 4M | 7M | 27M | 22M | 60M | 70M |
| PP&E (Net) | 17.98M | 95.29M | 79M | 87M | 99M | 91M | 66M | 35M |
| Investment Securities | 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 |
| Cash & Equivalents | 262.37M | 405.08M | 1.41B | 1.73B | 1.14B | 999M | 671M | 962M |
| Receivables | -1000K | 0 | 0 | 0 | 0 | 0 | 1000K | 0 |
| Other Current Assets | 175M | 326.62M | 126M | 1.03B | 725M | 602M | 153M | 412M |
| Intangible Assets | 3.74M | 12.41M | 9M | 12M | 12M | 5M | 0 | 0 |
| Total Liabilities | 1.17B | 2.96B | 623M | 7.26B | 5.52B | 2.6B | 2.41B | 1.4B |
| Total Debt | 1.13B | 1.5B | 550M | 7.11B | 5.4B | 2.53B | 2.32B | 193M |
| Net Debt | 870.73M | 1.09B | -863M | 5.38B | 4.26B | 1.53B | 1.65B | -769M |
| Long-Term Debt | 100.5M | 362.02M | 136M | 2.82B | 3.98B | 2.51B | 1.87B | 193M |
| Short-Term Borrowings | 1.03B | 1.07B | 346M | 4.25B | 1.38B | 0 | 432M | 0 |
| Capital Lease Obligations | 0 | 61.91M | 68M | 46M | 45M | 24M | 15M | 0 |
| Total Current Liabilities | 1.07B | 1.13B | 393M | 4.4B | 1.5B | 70M | 529M | 327M |
| Accounts Payable | 6.24M | 6.45M | 3M | 3M | 5M | 2M | 9M | 0 |
| Deferred Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Liabilities | 5.08M | 1.43B | 47M | 0 | 0 | 1M | 1M | 882M |
| 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% |
| Equity Growth % | - | -209.66% | 311.84% | 44.75% | -51.69% | -10.96% | -26.27% | 40.95% |
| Shareholders Equity | 667.03M | -733.1M | 1.55B | 2.25B | 1.09B | 967M | 713M | 1B |
| Minority Interest | 1.49M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Common Stock | 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 |
| Retained Earnings | -446.06M | -790.48M | -1.04B | -1.71B | -3.06B | -3.33B | -3.73B | -5.03B |
| Preferred Stock | 1.08B | 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% |
| Return on Equity (ROE) | -36.09% | - | -61.72% | -34.83% | -81.16% | -26.79% | -46.67% | -151.34% |
| Debt / Assets | 61.5% | 67.13% | 25.28% | 74.78% | 81.72% | 71.04% | 74.12% | 8.02% |
| Debt / Equity | 1.69x | - | 0.35x | 3.16x | 4.97x | 2.62x | 3.25x | 0.19x |
| Net Debt / EBITDA | - | - | - | - | - | - | - | - |
| Book Value per Share | 1.23 | -9.17 | 14.21 | 3.79 | 1.73 | 1.47 | 1.02 | 1.31 |
OPEN Cash Flow Statement
Opendoor Technologies Inc. (OPEN) cash flow — operating, investing & free cash flow history
| Line item | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|
| Cash from Operations | -1.18B | -272.05M | 682M | -5.79B | 730M | 2.34B | -595M | 1.05B |
| Operating CF Growth % | - | 76.94% | 350.69% | -949.56% | 112.6% | 221.1% | -125.38% | 276.3% |
| Operating CF / Revenue % | -64.18% | -5.74% | 26.4% | -72.24% | 4.69% | 33.75% | -11.55% | 24% |
| Net Income | -239.93M | -341.02M | -253M | -662M | -1.35B | -275M | -392M | -1.3B |
| Depreciation & Amortization | 12.78M | 39.31M | 63M | 55M | 90M | 72M | 53M | 46M |
| Stock-Based Compensation | 8.42M | 0 | 38M | 536M | 171M | 126M | 114M | 159M |
| Other Non-Cash Items | 20.52M | 41.13M | -1M | 1M | 866M | -136M | 59M | 2.14B |
| Working Capital Changes | -1B | -11.48M | 835M | -5.72B | 956M | 2.56B | -429M | 0 |
| Cash from Investing | -7.43M | -95.08M | -22M | -476M | 234M | 44M | 28M | -12M |
| Acquisitions (Net) | -4.86M | -32.81M | 0 | -33M | -10M | 0 | -2M | 0 |
| Purchase of Investments | -22.93M | -79.32M | -175M | -501M | -53M | 0 | 0 | -6M |
| Sale of Investments | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Other Investing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash from Financing | 1.5B | 646.18M | 161M | 7.34B | -1.75B | -2.64B | -210M | -499M |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Common Dividends | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt Issuance (Net) | 1000K | 1000K | -1000K | 1000K | -1000K | -1000K | -1000K | 0 |
| Share Repurchases | -37.78M | -3M | 0 | 0 | 0 | 0 | 0 | 1.18B |
| Other Financing | -3.46M | -3.28M | 0 | 0 | -10M | -4M | 0 | -499M |
| 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% |
| Exchange Rate Effect | 0 | 1000K | 178K | 0 | 0 | 0 | 0 | 0 |
| Cash at Beginning | 96.35M | 406M | 684.82M | 1.51B | 2.58B | 1.79B | 1.54B | 763M |
| Cash at End | 405.77M | 684.82M | 1.51B | 2.58B | 1.79B | 1.54B | 763M | 1.3B |
| 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% |
| FCF Growth % | - | 74.99% | 321.65% | -976.24% | 111.89% | 232.9% | -126.87% | 267.26% |
| FCF / Revenue % | -65.27% | -6.33% | 25.75% | -72.65% | 4.45% | 33.21% | -12.03% | 23.72% |
OPEN Key Ratios
Opendoor Technologies Inc. (OPEN) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| FFO per Share | -0.42 | -3.78 | -1.74 | -1.02 | -2.01 | -0.31 | -0.48 | -1.64 |
| FFO Payout Ratio | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| NOI Margin | 7.26% | 6.35% | 8.52% | 9.1% | 4.28% | 7.01% | 8.4% | 8.01% |
| Debt / Assets | 61.5% | 67.13% | 25.28% | 74.78% | 81.72% | 71.04% | 74.12% | 8.02% |
| Interest Coverage | -2.71x | -2.25x | -2.74x | -3.97x | -2.42x | -1.83x | -2.41x | - |
| Book Value / Share | 1.23 | -9.17 | 14.21 | 3.79 | 1.73 | 1.47 | 1.02 | 1.31 |
| Revenue Growth | - | 157.93% | -45.52% | 210.53% | 94.08% | -55.38% | -25.81% | -15.18% |
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 $4.37B in revenue for fiscal year 2025. This represents a 138% 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 $1.30B 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 $-1300.0M in the trailing twelve months. FFO is the primary profitability metric for REITs.
Explore More OPEN
Opendoor Technologies Inc. (OPEN) financial analysis — history, returns, DCA and operating performance tools
Total Return Calculator
Historical returns with dividends reinvested
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Dividend History
Yield, growth, payout safety & DRIP
Earnings History
EPS trends, net income & profitability
Price History
Long-term charts & historical price data
Revenue History
Sales growth patterns & revenue breakdown
Financial Ratios
30 years of market, efficiency and balance-sheet ratios
Valuation
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