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Earnings transcript
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OPEN
Opendoor Technologies Inc.
$2.58
-0.18
(-6.52%)
| Exchange: | NASDAQ |
| Market Cap: | 2.489B |
| Shares Outstanding: | 39.93M |
Delayed data
About The Company
| Sector: | Real EstateView sector performance | |||||
| Industry: | Real Estate – ServicesView industry performance | |||||
| CEO: | Kasra Nejatian | |||||
| Full Time Employees: | 1042 | |||||
| Address: |
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| Website: | https://www.opendoor.com |
Founded in 2013, Opendoor Technologies Inc. provides a digital ecosystem for residential real estate transactions throughout the United States. This platform allows individuals to efficiently purchase and sell homes entirely online. Based in Tempe, Arizona, the company further offers supporting services like title insurance and escrow.
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Revenue Segmentation
OPEN full analysis
Hey everyone, welcome back to the channel! Today, we’re diving deep into Opendoor Technologies, ticker symbol OPEN, a company that’s been shaking up the real estate market with its digital platform. I’ve got a full breakdown for you—everything from their financials to recent performance, valuation, and even a SWOT analysis. So, if you’re thinking about investing in this housing tech player or just curious about where they stand, stick around. Let’s get started! Alright, let’s set the stage. Opendoor is…
EPS
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Earnings Call
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Key takeaways
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Login — it's freeIncome Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 6,946,000 | 5,153,000 | 4,371,000 |
| Gross Profit | 487,000 | 433,000 | 304,000 |
| EBITDA | 9,000 | -243,000 | -1,123,000 |
| Operating Income | -386,000 | -320,000 | -273,000 |
| Net Income | -275,000 | -392,000 | -1,300,000 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total Assets | 3,567,000 | 3,126,000 | 2,407,000 |
| Total Liabilities | 2,600,000 | 2,413,000 | 1,402,000 |
| Total Stockholders Equity | 967,000 | 713,000 | 1,005,000 |
| Total Debt | 2,534,000 | 2,317,000 | 193,000 |
| Cash and Cash Equivalents | 999,000 | 671,000 | 962,000 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating Cash Flow | 2,344,000 | -595,000 | 1,049,000 |
| Capital Expenditure | -37,000 | -25,000 | -12,000 |
| Free Cash Flow | 2,307,000 | -620,000 | 1,037,000 |
| Net Income | -275,000 | -392,000 | -1,300,000 |
| Net Change in Cash | -251,000 | -777,000 | 538,000 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2028 | Research Access | Research Access | Research Access | Research Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 7,249,960.688 | Research Access | Research Access | Research Access | Research Access |
| Estimated Revenue (High) | 12,537,333.069 | Research Access | Research Access | Research Access | Research Access |
| Estimated Revenue (Avg) | 9,245,736.857 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (Low) | -386,330.317 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (High) | 162,523.653 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (Avg) | -111,903.331 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (Low) | -581,843.021 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (High) | -32,989.049 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (Avg) | -307,416.035 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (Low) | 830,024.250 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (High) | 1,435,358.195 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (Avg) | 1,058,514.127 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (Avg) | -0.360 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (High) | -0.040 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (Low) | -0.760 | Research Access | Research Access | Research Access | Research Access |
| Number of Analysts (Estimated Revenue) | 8 | Research Access | Research Access | Research Access | Research Access |
| Number of Analysts (Estimated EPS) | 7 | Research Access | Research Access | Research Access | Research Access |
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Current Key Metrics
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Login — it's freeSWOT Analysis
Strengths (preview)
- Innovative Business Model: Opendoor Technologies operates in the real estate sector with a technology-driven approach to home buying and selling, as highlighted in the company profile. This positions the company as a disruptor in the traditional real estate industry, potentially attracting tech-savvy investors and customers.
- Revenue Growth: Based on the income statement data, Opendoor has shown consistent revenue increases over recent periods, reflecting strong top-line performance. This growth aligns with industry trends in digital real estate platforms, as noted in sector performance metrics.
- Operational Scale: The company profile indicates a significant workforce and market capitalization, suggesting a robust operational footprint. This scale supports its ability to manage high transaction volumes and expand market presence.
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At what price to buy it? -
Intrinsic Value Calculator
This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.
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Common questions about OPEN valuation
Is Opendoor Technologies Inc. (OPEN) overvalued or undervalued right now?
MARKETSnap estimates intrinsic value for Opendoor Technologies Inc. (OPEN) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.
Is OPEN a buy, hold, or sell for long-term investors?
MARKETSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether OPEN trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.
What is OPEN’s P/E ratio?
You can see OPEN’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
How is intrinsic value calculated for OPEN?
MARKETSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MARKETSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.
Is OPEN a good long-term investment?
Whether OPEN fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MARKETSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.
OPEN
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Daily snapshot
-6.52
Trading Metrics:
| Open: | 2.74 | Previous Close: | 2.76 | |
| Day Low: | 2.57 | Day High: | 2.75 | |
| Year Low: | 2.52 | Year High: | 9.69 | |
| Price Avg 50: | 3.47 | Price Avg 200: | 4.8 | |
| Volume: | 34.962M | Average Volume: | 50.298M |
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