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

The iBuyer just announced a new development, and investors are excited.

Here's Why Opendoor Technologies Is Rising Today

Offerpad Solutions

Zillow

One of the top investing stories of the week was the announcement from Zillow Group Inc (NASDAQ: Z) that it is exiting the home buying business. While the news is a negative for Zillow, it could benefit two competitors that went public via SPAC merger.

Could Opendoor, Offerpad See Surge With Zillow Exiting Homebuying?

If history is any guide, there may be good fortune ahead for shares of Opendoor Technologies (NASDAQ:OPEN). A so-called "golden cross" has formed on its chart and, not surprisingly, this could be bullish for the stock.

Golden Cross Appears Before Opendoor Technologies Investors

Black Knight

Coursera

Rocket Companies, Inc.

Vontier Corporation

We have narrowed down our search to five business services stocks that will report earnings results within the next week. These are: BKI, COUR, RKT, VNT and OPEN.

Top 5 Business Services Stocks Poised to Beat on Q3 Earnings

Investors are awaiting for Opendoor to post strong earnings report next month, with a higher outlook potentially lifting the stock more. The post Opendoor Stock Could Sustain This Uptrend Into the Foreseeable Future appeared first on InvestorPlace.

Opendoor Stock Could Sustain This Uptrend Into the Foreseeable Future

Opendoor Technologies is a rapidly growing online company transacting in middle-market residential homes. The company offers a vastly enhanced selling experience to homeowners looking to sell their property.

Opendoor Technologies: Chamath's Masterstroke Moves To Dominate American Home Sales

The mean of analysts' price targets for Opendoor Technologies Inc. (OPEN) points to a 45.6% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.

Wall Street Analysts Predict a 46% Upside in Opendoor Technologies Inc. (OPEN): Here's What You Should Know

American Campus Communities

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Essex Property Trust

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Lennar

The housing market was one of the first to show the effect of inflation on the economy. These housing stocks get ahead of that problem.

7 Housing Stocks to Buy to Keep You Ahead of Inflation

OPEN stock is gaining steam this week because Zillow just created an opportunity in the iBuying business. Here's what to know.

OPEN Stock Is Heating Up Because Zillow Just Revealed a Big Weakness

Opendoor still looks like good value despite its recent rise. OPEN stock is worth up to 44% more at $34.65 using 15 times expected profits on its present inventory balance over the next 3 years.

Opendoor Could Rise 44% Higher Given Its Huge Inventory of Homes

Over the next three months to one year, OPEN stock could easily undergo a nasty correction, driven by a sharp drop in the demand for housing. The post OpenDoor Stock Is Heading for a Serious Pullback Sooner Than You Think appeared first on InvestorPlace.

OpenDoor Stock Is Heading for a Serious Pullback Sooner Than You Think

SAN FRANCISCO, Calif., Oct. 12, 2021 (GLOBE NEWSWIRE) -- Opendoor Technologies Inc. (“Opendoor”) (Nasdaq: OPEN), a leading digital platform for residential real estate, today announced that it will report third quarter 2021 financial results for the period ended September 30, 2021, following the close of the market on Wednesday, November 10, 2021. 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 2021 Financial Results on November 10, 2021

Growing much faster than investors realize. With 2022 growth rates expected to be higher than 60% CAGR. Unlike countless other fast growing businesses, Opendoor is already profitable.

Opendoor Technologies Stock Is A Lot Cheaper Than You Think

Opendoor's $9 billion war chest shows that it means business about taking over real estate.

This Stock Could Grow at Warp Speed

SPDR Gold Trust

Alphabet

SPDR S&P 500 ETF Trust

Alphabet, the S&P 500, Gold and Opendoor Technologies were our top stock trades for Monday. Now, let's look at how the charts are setting up.

4 Top Stock Trades for Monday: GOOGL, SPY, GLD, OPEN

OPEN stock has been making the best of a challenging red-hot real estate market and those efforts should pay off in the future. The post Opportunity Knocks in Opendoor Stock Amid 2021's Numerous Challenges appeared first on InvestorPlace.

Opportunity Knocks in Opendoor Stock Amid 2021's Numerous Challenges

Opendoor Technologies is poised to move substantially higher as its sales spike. OPEN stock is worth at least 42% more.

Opendoor Stock Is Poised to Move Much Higher as Sales Spike

M/I Homes

MGIC Investment

NMI Hlds

PulteGroup

Redfin

I analyze four housing sectors - realtors, homebuilders, mortgage bankers and private mortgage insurers. I compare them on three factors - supply, demand and valuation.

Housing Industry Picks And Pans - The Supply/Demand Test

NEW YORK, Sept. 23, 2021 /PRNewswire/ -- Access Technology Ventures, the venture capital and growth technology investment arm of privately held industrial group Access Industries, announced today an additional $300 million purchase of stock of Opendoor Technologies Inc. (NASDAQ: OPEN), a leading digital platform for residential real estate.

Access Technology Ventures' Position in Opendoor Tops $1 Billion

AcuityAds Holdings

BlackBerry

Ford Motor Company

Gogo

Palantir Technologies

SoFi Technologies

Often times cheap stocks are cheap for a reason. But other times, they can represent a chance at value -- and these seven fit the latter.

7 Cheap Stocks to Buy If You Have $250 to Spend

The curse of the SPAC will eventually wear off OPEN stock. Wall Street will get more comfortable with it over the long term.

OpenDoor Stock Has a Long Runway Ahead

There is no economic moat or competitive advantage for Opendoor. This is one of the key reasons why I'd avoid investing OPEN stock today.

Opendoor Is Just Another Non-Revolutionary SPAC With Troubles Ahead

An OPEN stock shareholder is looking to offload their 28 million shares. As such, Opendoor is filing for a secondary public offering.

OPEN Stock: There Are 28 Million Reasons Opendoor Is Falling Today

Shares of Opendoor Technologies Inc. OPEN, -5.28% slumped 5.5% in premarket trading, after the online home buying, selling and trading-in company said its secondary offering of shares has priced. The company said late Monday that a selling stockholder was offering 28.0 million shares to the public, and has granted the underwriters of the offering options to buy up to an additional 4.2 million shares to cover over-allotments.

Opendoor's stock drops after secondary share offering priced

SAN FRANCISCO, Sept. 14, 2021 (GLOBE NEWSWIRE) -- Opendoor Technologies Inc. (Nasdaq: OPEN) (“Opendoor”), a leading digital platform for residential real estate, today announced the pricing of its previously announced registered secondary public offering of 28,000,000 shares of common stock by an existing stockholder of Opendoor (the “Selling Stockholder”). The Selling Stockholder has also granted the underwriter a 30-day option to purchase up to an additional 4,200,000 shares of common stock from the Selling Stockholder. Opendoor is not selling any shares and will not receive any proceeds from the offering, which is expected to close on September 16, 2021, subject to customary closing conditions.

News for Opendoor Stock (OPEN)