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

There's still quite bit of execution risk, but the addressable market is huge.

Could Opendoor Technologies Be a Millionaire-Maker Stock?

Opendoor's expanding geographic presence, coupled with a more favorable housing market environment, will spark big growth for OPEN stock. The post Opendoor Stock Will Heat Up When the Housing Market Cools Off appeared first on InvestorPlace.

Opendoor Stock Will Heat Up When the Housing Market Cools Off

The company's CFO argues at Barron's Investing in Tech conference that the iBuyer can thrive in both the current hot housing market, and in a much softer one. The reason: sellers want certainty.

Opendoor's Proposition: Certainty in Real Estate, Good Market or Bad

Opendoor Technologies Inc. (OPEN) closed the most recent trading day at $16.83, moving +1.08% from the previous trading session.

Opendoor Technologies Inc. (OPEN) Gains As Market Dips: What You Should Know

In the present article, I introduce a new iBuying term, "iBlocks," which is a unit of marketshare I use to value the iBuying space. I demonstrate how iBlocks may be used to derive future revenues, and highlight the compounding benefits of Opendoor's many new market launches in 2021.

Opendoor: $10 Billion 2022 Revenue At A Minimum

Rocket Companies, Inc.

Wish

Retail investors love these stocks. Here's why they could be big winners.

3 Popular Reddit Stocks to Buy for the Long Term

OPEN stock is trading far below its peak price. At the same time, the data is mostly positive, so there's a clear buying opportunity here.

Spectacular Crash of Opendoor Technologies Makes It Investable Now

SAN FRANCISCO, June 09, 2021 (GLOBE NEWSWIRE) -- Opendoor Technologies Inc. (Nasdaq: OPEN), (“Opendoor” or “the Company”), a leading digital platform for residential real estate, today announced that the Company will redeem all of its outstanding warrants (the “Public Warrants”) to purchase shares of the Company's common stock, par value $0.0001 per share (the “Common Stock”), that were issued under the Warrant Agreement, dated April 27, 2020, by and between the Company and Continental Stock Transfer & Trust Company (“CST”), as warrant agent, as amended by the First Amendment to the Warrant Agreement, dated March 22, 2021, by and among the Company, CST and American Stock Transfer & Trust Company (the “Warrant Agent”), as warrant agent (as amended, the “Warrant Agreement”), as part of the units sold in the Company's initial public offering (the “IPO”) and that remain outstanding at 5:00 p.m. New York City time on July 9, 2021 (the “Redemption Date”) for a redemption price of $0.10 per Public Warrant. In addition, the Company will redeem all of its outstanding warrants to purchase Common Stock that were issued under the Warrant Agreement in a private placement simultaneously with the IPO (the “Private Warrants” and, together with the Public Warrants, the “Warrants”) on the same terms as the outstanding Public Warrants.

Opendoor Technologies Inc. Announces Redemption of All Outstanding Warrants

Nikola

Churchill Capital Corp IV

Clover Health Investments

Fisker Inc

Luminar Technologies

QuantumScape

Lordstown Motors

Skillz

Virgin Galactic

In 2021, two of the most traded and well-known stocks have been GameStop Corp (NYSE: GME) and AMC Entertainment Holdings Inc (NYSE: AMC). Both companies have been rallying cries for retail traders against hedge funds and short sellers.

10 SPACs And Former SPACS That Could Be Short Squeeze Candidates: Clover, Nikola And More

Beyond Meat

DocuSign

Penn Entertainment

Shopify

Teladoc

So, which growth stocks could rebound, if inflation worries further dissipate? These seven, still down from their highs, may be ones set to bounce back.

7 Stocks That Could Bounce Back as Inflation Worries Subside

Opendoor could be a disruptor in the real estate market, but its shares have taken a beating recently.

Why Opendoor Technologies Stock Fell 22.7% in May

ARK Innovation ETF

Bumble

Riot Blockchain

Tesla

Marathon Digital Holdings

When it comes to investing trends, just follow the people who can influence those outcomes. Here are 9 post-pandemic summer saviors to watch.

9 Post-Pandemic Summer Saviors Every Investor Should Keep An Eye On

Opendoor is the largest and most competitively positioned company in the iBuying space. Opendoor's business model is misunderstood, and the bear case is exaggerated.

Opendoor Deep Dive: Welcome To Your New Home

OPEN stock was a surprise winner as the housing market heated up in the U.S. but every extreme rally always comes to an end. The post Why Opendoor Technologies' Q1 Report Was Worse Than You Thought appeared first on InvestorPlace.

Why Opendoor Technologies' Q1 Report Was Worse Than You Thought

Opendoor has success establishing itself as the real estate company with the most online transactions.

Opendoor Technologies Has Multiple Years Of High Stock Growth Potential

OPEN stock is a in a game of wait and see right now because there's simply so much going on related to it and its sector. The post OPEN Stock May Stagnate as Housing Bubble Questions Remain appeared first on InvestorPlace.

OPEN Stock May Stagnate as Housing Bubble Questions Remain

Arrival Group

DraftKings

SPACs have been widely out of favor, but these three diverse plays point at stock prices that are worthy of buying rather than fearing. The post 3 SPACs to Buy Right Here, Right Now!

3 SPACs to Buy Right Here, Right Now!

Opendoor is the pioneer digital disruptor in the massive residential real estate market, and the company is still in its early stages of growth. Investors have been asking questions about its low gross margins business model, without fully considering its scalability potential.

Opendoor Technologies: Don't Overlook Its Healthy Cash Flows, Massive Scalability Potential

OPEN stock looks at least 54% undervalued. It's worth at least $22.58 based on 3 times $5 billion in expected sales in the next year.

Opendoor Technologies Looks 54% Undervalued as Home Buying Picks Up

AppHarvest

The Oracle of Omaha recently spoke about the SPAC boom.

Here's What Warren Buffett Thinks of SPACs

AMC Entertainment

Alibaba

Upstart Holdings

YETI

Upstart, Opendoor, Yeti, Alibaba and AMC Entertainment were our top stock trades for Thursday. Let's look at what the charts are suggesting.

5 Top Stock Trades for Thursday: UPST, OPEN, YETI, BABA, AMC

The newly public iBuying company reported its first-quarter results.

Why Opendoor Technologies Stock Plunged Today

Opendoor's stellar first quarter numbers strongly evidence that recent weakness in OPEN stock is unsubstantiated and overdone. The post Opendoor's Earnings Paint a Rosy Picture.

Opendoor's Earnings Paint a Rosy Picture. Why OPEN Stock Could Clear $50+.

Opendoor Technologies Inc. (OPEN) CEO Eric Wu on Q1 2021 Results - Earnings Call Transcript

Total Homes Sold of 2,462, up 190% versus 4Q20 Total Homes Purchased of 3,594, up 78% versus 4Q20 Total Revenue of $747 million, up 200% versus 4Q20 GAAP Gross Profit of $97 million, or 13% of Total Revenue

News for Opendoor Stock (OPEN)