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

Radnor, Pennsylvania--(Newsfile Corp. - November 9, 2022) - The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) informs investors that a securities class action lawsuit has been filed against Opendoor Technologies Inc. ("Opendoor") (NASDAQ: OPEN). The action charges Opendoor with violations of the federal securities laws, including omissions and fraudulent misrepresentations relating to the company's business, operations, and prospects.

Kessler Topaz Meltzer & Check, LLP Announces a Securities Fraud Class Action Lawsuit Filed Against Opendoor Technologies Inc. (OPEN) and Encourages Investors with Significant Losses to Contact the Firm

RADNOR, Pa. , Nov. 8, 2022 /PRNewswire/ -- The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) informs investors that a securities class action lawsuit has been filed against Opendoor Technologies Inc. ("Opendoor") (NASDAQ: OPEN).

Important December 6, 2022 Deadline Reminder: Kessler Topaz Meltzer & Check, LLP Reminds Opendoor Technologies Inc. Investors of Securities Fraud Class Action Lawsuit

NEW YORK , Nov. 7, 2022 /PRNewswire/ -- WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers and acquirers of the securities of Opendoor Technologies Inc. f/k/a Social Capital Hedosophia Holdings Corp. II (NASDAQ: OPEN): (i) between December 21, 2020 and September 16, 2022, both dates inclusive (the "Class Period"); and/or (ii) pursuant and/or traceable to the offering documents issued in connection with the business combination between the Social Capital Hedosophia Holdings Corp. II and Opendoor Labs Inc. completed on or about December 18, 2020 (the "Merger") of the important December 6, 2022 lead plaintiff deadline. SO WHAT: If you acquired Opendoor securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

ROSEN, TOP RANKED INVESTOR COUNSEL, Encourages Opendoor Technologies Inc. f/k/a Social Capital Hedosophia Holdings Corp. II Investors with Losses to Secure Counsel Before Important Deadline in Securities Class Action - OPEN

Home Depot

loanDepot

Lowe's

Redfin

Wells Fargo

Last week, home-selling platform Opendoor blamed "one of the most challenging real estate markets in 40 years" as it laid off 550 workers, and Wells Fargo is reportedly eyeing thousands of job cuts.

Housing Market Braces For Rising Layoffs ‘Soon' As Mortgage Lenders, Home Sellers Cut Thousands Of Jobs

Radnor, Pennsylvania--(Newsfile Corp. - November 7, 2022) - The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) informs investors that a securities class action lawsuit has been filed against Opendoor Technologies Inc. ("Opendoor") (NASDAQ: OPEN). The action charges Opendoor with violations of the federal securities laws, including omissions and fraudulent misrepresentations relating to the company's business, operations, and prospects.

Attention Shareholders: Kessler Topaz Meltzer & Check, LLP Reminds Shareholders of Securities Fraud Class Action Lawsuit Filed against Opendoor Technologies Inc. and Encourages Investors to Contact the Firm

The online home-flipping company weathers the housing-market storm, but not without some damage.

Opendoor Vents the Roof

Opendoor Technologies Inc. (NASDAQ:OPEN ) Q3 2022 Earnings Conference Call November 3, 2022 5:00 PM ET Company Participants Elise Wang - Vice President-Investor Relations Eric Wu - Chief Executive Officer & Co-Founder Carrie Wheeler - Chief Financial Officer Andrew Low Ah Kee - President Daniel Morillo - Chief Investment Officer Conference Call Participants Nick Jones - JMP Securities James McCanless - Wedbush Jason Helfstein - Oppenheimer Ryan Tomasello - KBW Dae Lee - JPMorgan Curtis Nagle - Bank of America Justin Patterson - KeyBanc Justin Ages - Berenberg Ryan McKeveny - Zelman Operator Good day, and thank you for standing by. Welcome to the Opendoor Third Quarter 2022 Earnings Call.

Opendoor Technologies Inc. (OPEN) Q3 2022 Earnings Call Transcript

The online house-flipper posted enormous losses in third quarter earnings as it struggled with weak sales in a market hit hard by interest rate increases.

Opendoor Posts Steep Third-Quarter Loss Amid Weak Housing Market

In a bit of perhaps unsurprising news, Opendoor (NASDAQ: OPEN ) – a company that leverages the iBuyer business model to facilitate lightning-quick real estate transactions – announced layoffs impacting 18% of its workforce. Management cited severe headwinds pressuring the housing market, particularly the rising interest-rate environment.

OPEN Stock Alert: Opendoor Lays Off 18% of Staff

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Hurry! 7 Pitiful Real Estate Stocks to Sell Before 2022 Ends

The firm is coping with a cool housing market by slashing prices, offering concessions to homebuyers and agents, and, now, cutting 18% of its staff.

Opendoor CEO Eric Wu says it will cut 550 employees as the $1.5 billion home-flipping company struggles to turn a profit

Opendoor is letting go of about 550 people, or 18% of the company, across all functions, its co-founder and CEO Eric Wu announced in a blog post today. The real estate technology company is one of many real estate tech companies that have had to lay off workers in 2022.

Opendoor lays off about 550 employees, or 18% of its workforce

Property-selling platform Opendoor Technologies Inc is laying off about 550 employees, Chief Executive Officer Eric Wu said on Wednesday.

Opendoor Technologies lays off about 18% of workforce

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Opendoor is 'navigating one of the most challenging real estate markets in 40 years,' says CEO Eric Wu.

Opendoor Cuts 18% of Staff as Higher Mortgage Rates Dent Housing Demand

Duolingo

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Marathon Digital Holdings

MicroStrategy Incorporated

Novavax

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Hurry! 7 Pitiful Nasdaq Stocks to Sell Before 2022 Ends.

Opendoor Technologies' (OPEN) Q3 earnings are expected to have plunged from the year-ago quarter's actuals. However, revenues are likely to have risen from the prior-year period's reported figure.

What's Ahead for Opendoor Technologies (OPEN) Q3 Earnings?

NEW YORK , Nov. 1, 2022 /PRNewswire/ -- WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers and acquirers of the securities of Opendoor Technologies Inc. f/k/a Social Capital Hedosophia Holdings Corp. II (NASDAQ: OPEN): (i) between December 21, 2020 and September 16, 2022, both dates inclusive (the "Class Period"); and/or (ii) pursuant and/or traceable to the offering documents issued in connection with the business combination between the Social Capital Hedosophia Holdings Corp. II and Opendoor Labs Inc. completed on or about December 18, 2020 (the "Merger") of the important December 6, 2022 lead plaintiff deadline. SO WHAT: If you acquired Opendoor securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

ROSEN, A TOP RANKED LAW FIRM, Encourages Opendoor Technologies Inc. f/k/a Social Capital Hedosophia Holdings Corp. II Investors to Secure Counsel Before Important Deadline in Securities Class Action - OPEN

Radnor, Pennsylvania--(Newsfile Corp. - October 31, 2022) - The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) informs investors that a securities class action lawsuit has been filed against Opendoor Technologies Inc. ("Opendoor") (NASDAQ: OPEN). The action charges Opendoor with violations of the federal securities laws, including omissions and fraudulent misrepresentations relating to the company's business, operations, and prospects.

Opendoor Technologies Inc. Shareholder Reminder: Kessler Topaz Meltzer & Check, LLP Reminds OPEN Investors of Securities Fraud Class Action Lawsuit Filed On Their Behalf

Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $50,000 In Opendoor To Contact Him Directly To Discuss Their OptionsNew York, New York--(Newsfile Corp. - October 30, 2022) - Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Opendoor Technologies, Inc. ("Opendoor" or the "Company") (NASDAQ: OPEN).If you suffered losses exceeding $50,000 investing in Opendoor stock or options and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).

Opendoor Investor Alert

RADNOR, Pa. , Oct. 29, 2022 /PRNewswire/ -- The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) informs investors that a securities class action lawsuit has been filed against Opendoor Technologies Inc. ("Opendoor") (NASDAQ: OPEN).

Kessler Topaz Meltzer & Check, LLP Reminds Opendoor Technologies Inc. Investors of Deadline in Securities Fraud Class Action Lawsuit

NEW YORK--(BUSINESS WIRE)--WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers and acquirers of the securities of Opendoor Technologies Inc. f/k/a Social Capital Hedosophia Holdings Corp. II (NASDAQ: OPEN): (i) between December 21, 2020 and September 16, 2022, both dates inclusive (the “Class Period”); and/or (ii) pursuant and/or traceable to the offering documents issued in connection with the business combination between the Social Capital Hedosophia Holdings Corp. II a

ROSEN, A TOP RANKED LAW FIRM, Encourages Opendoor Technologies Inc. f/k/a Social Capital Hedosophia Holdings Corp. II Investors with Losses in Excess of $100K to Secure Counsel Before Important Deadline in Securities Class Action – OPEN

Radnor, Pennsylvania--(Newsfile Corp. - October 28, 2022) - The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) informs investors that a securities class action lawsuit has been filed against Opendoor Technologies Inc. ("Opendoor") (NASDAQ: OPEN). The action charges Opendoor with violations of the federal securities laws, including omissions and fraudulent misrepresentations relating to the company's business, operations, and prospects.

OPEN Shareholder Reminder: Kessler Topaz Meltzer & Check, LLP Reminds Shareholders of Opendoor Technologies Inc. of Deadline in Securities Fraud Class Action Lawsuit

Opendoor Technologies Inc. (OPEN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Analysts Estimate Opendoor Technologies Inc. (OPEN) to Report a Decline in Earnings: What to Look Out for

LOS ANGELES, CA / ACCESSWIRE / October 26, 2022 / The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Opendoor Technologies Inc. ("Opendoor" or "the Company") (NASDAQ:OPEN) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. Investors who purchased the Company's securities between December 21, 2020 and September 16, 2022, inclusive (the ''Class Period'') and/or Opendoor common stock pursuant and/or traceable to the Offering Documents issued in connection with the business combination between the Company and Opendoor Labs Inc. ("Legacy Opendoor") completed on or about December 18, 2020 (the "Merger"), are encouraged to contact the firm before December 6, 2022.

News for Opendoor Stock (OPEN)