OPEN - Opendoor Technologies Inc.
Price:
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--
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CONSENSUS:
Hold
DETAILS
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PRICE TARGET:
$6.17
DETAILS
HIGH:
$8.00
LOW:
$5.00
MEDIAN:
$5.50
CONSENSUS:
$6.17
UPSIDE:
36.20%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||
| Revenue | 4,371 | 5,153 | 6,946 | 15,567 | 8,021 | 2,583 | 4,741 | 1,838.1 | 711.1 |
| Cost of Revenue | 4,067 | 4,720 | 6,459 | 14,900 | 7,291 | 2,363 | 4,440 | 1,704.6 | 644.7 |
| Gross Profit | 304 | 433 | 487 | 667 | 730 | 220 | 301 | 133.4 | 66.3 |
| Operating Expenses | |||||||||
| R&D Expenses | 79 | 141 | 167 | 169 | 134 | 58 | 51 | 28.5 | 16.1 |
| SG&A Expenses | 548 | 595 | 692 | 1,352 | 1,164 | 348 | 498 | 268.6 | 111.9 |
| Other Expenses | (50) | 17 | 14 | 77 | 0 | 0 | 0 | 0 | 0.0 |
| Operating Expenses | 577 | 753 | 873 | 1,598 | 1,298 | 406 | 549 | 297.1 | 128.0 |
| Operating Income | |||||||||
| Operating Income | (273) | (320) | (386) | (931) | (568) | (186) | (248) | (163.7) | (61.6) |
| Interest Expense | 131 | 133 | 211 | 385 | 143 | 67.8 | 110 | 60.5 | 0 |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 23.1 |
| Profitability | |||||||||
| EBITDA | (1,123) | (243) | 9 | (876) | (509) | (122) | (190) | (166.3) | (54.2) |
| EBIT | (1,169) | (296) | (63) | (966) | (564) | (185) | (229) | (179.1) | (61.6) |
| Income Before Tax | (1,300) | (391) | (274) | (1,351) | (661) | (253) | (339) | (239.6) | (84.8) |
| Income Tax Expense | 0 | 1 | 1 | 2 | 1 | 0 | 0 | 0.4 | 0.1 |
| Net Income | (1,300) | (392) | (275) | (1,353) | (662) | (253) | (341) | (241.3) | (84.8) |
| Per Share Data | |||||||||
| EPS (Basic) | -1.70 | -0.56 | -0.42 | -2.16 | -1.12 | -2.31 | -4.26 | -0.46 | -2.12 |
| EPS (Diluted) | -1.70 | -0.56 | -0.42 | -2.16 | -1.12 | -2.31 | -4.26 | -0.46 | -2.12 |
| Shares Outstanding | 766.5 | 699.5 | 657.1 | 627.1 | 592.6 | 109.3 | 80.0 | 544.4 | 39.9 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||
| Cash & Cash Equivalents | 962 | 671 | 999 | 1,137 | 1,731 | 1,413 | 405.1 | 262.4 |
| Short-Term Investments | 0 | 8 | 69 | 144 | 484 | 48 | 43.6 | 9.0 |
| Net Receivables | 0 | 6 | 0 | 0 | 0 | 0 | 0 | (1.1) |
| Inventory | 925 | 2,159 | 1,775 | 4,460 | 6,096 | 466 | 1,312.4 | 1,361.8 |
| Other Current Assets | 412 | 153 | 602 | 725 | 1,029 | 126 | 326.6 | 175.0 |
| Total Current Assets | 2,299 | 2,997 | 3,445 | 6,466 | 9,340 | 2,053 | 2,087.6 | 1,808.2 |
| Non-Current Assets | ||||||||
| Property, Plant & Equipment | 35 | 66 | 91 | 99 | 87 | 79 | 95.3 | 18.0 |
| Goodwill | 3 | 3 | 4 | 4 | 60 | 31 | 30.9 | 9.4 |
| Intangible Assets | 0 | 0 | 5 | 12 | 12 | 9 | 12.4 | 3.7 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 70 | 60 | 22 | 27 | 7 | 4 | 5.4 | 3.0 |
| Total Non-Current Assets | 108 | 129 | 122 | 142 | 166 | 123 | 144.0 | 34.1 |
| Total Assets | 2,407 | 3,126 | 3,567 | 6,608 | 9,506 | 2,176 | 2,231.7 | 1,842.3 |
| Current Liabilities | ||||||||
| Account Payables | 0 | 9 | 2 | 5 | 3 | 3 | 6.5 | 6.2 |
| Short-Term Debt | 0 | 432 | 0 | 1,376 | 4,247 | 346 | 1,074.1 | 1,032.6 |
| Deferred Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 327 | 0 | 0 | 0 | 0 | 0 | 0 | 29.4 |
| Total Current Liabilities | 327 | 529 | 70 | 1,505 | 4,400 | 393 | 1,126.4 | 1,068.2 |
| Non-Current Liabilities | ||||||||
| Long-Term Debt | 193 | 1,870 | 2,510 | 3,979 | 2,816 | 136 | 362.0 | 100.5 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 882 | 1 | 1 | 0 | 0 | 47 | 1,427.9 | 5.1 |
| Total Non-Current Liabilities | 1,075 | 1,884 | 2,530 | 4,017 | 2,858 | 230 | 1,838.4 | 105.6 |
| Total Liabilities | 1,402 | 2,413 | 2,600 | 5,522 | 7,258 | 623 | 2,964.8 | 1,173.8 |
| Stockholders' Equity | ||||||||
| Common Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Earnings | (5,033) | (3,725) | (3,333) | (3,058) | (1,705) | (1,043) | (790.5) | (446.1) |
| Accumulated Other Comprehensive Income | 0 | 0 | (1) | (4) | (2) | 0 | 0.0 | (0.0) |
| Total Stockholders' Equity | 1,005 | 713 | 967 | 1,086 | 2,248 | 1,553 | (733.1) | 667.0 |
| Total Liabilities & Equity | 2,407 | 3,126 | 3,567 | 6,608 | 9,506 | 2,176 | 2,231.7 | 1,842.3 |
| Debt Metrics | ||||||||
| Total Debt | 193 | 2,317 | 2,534 | 5,400 | 7,109 | 550 | 1,498.1 | 1,133.1 |
| Net Debt | (769) | 1,646 | 1,535 | 4,263 | 5,378 | (863) | 1,093.0 | 870.7 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Net Income | (1,096) | (392) | (275) | (1,353) | (662) | (253) | (341.0) | (239.9) | (84.8) |
| Depreciation & Amortization | 46 | 53 | 72 | 90 | 55 | 63 | 39.3 | 12.8 | 7.4 |
| Stock-Based Compensation | 159 | 114 | 126 | 171 | 536 | 38 | 0 | 8.4 | 3.8 |
| Change in Working Capital | 1,162 | (429) | 2,557 | 956 | (5,724) | 835 | (11.5) | (1,002.5) | (150.4) |
| Other Non-Cash Items | 778 | 59 | (136) | 866 | 1 | (1) | 41.1 | 20.5 | 5.5 |
| Operating Cash Flow | 1,049 | (595) | 2,344 | 730 | (5,794) | 682 | (272.1) | (1,179.6) | (218.6) |
| Investing Activities | |||||||||
| Capital Expenditure | (12) | (25) | (37) | (37) | (33) | (17) | (28.0) | (20.0) | (2.9) |
| Acquisitions | 0 | (2) | 0 | (10) | (33) | 0 | (32.8) | (4.9) | 0 |
| Purchases of Investments | (6) | 0 | 0 | (53) | (501) | (175) | (79.3) | (22.9) | 0 |
| Sales/Maturities of Investments | 6 | 55 | 81 | 334 | 92 | 170 | 45.0 | 40.4 | 0 |
| Other Investing Activities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (27.1) |
| Investing Cash Flow | (12) | 28 | 44 | 234 | (476) | (22) | (95.1) | (7.4) | (29.9) |
| Financing Activities | |||||||||
| Net Debt Issuance | (1,864) | (215) | (2,640) | (1,747) | 6,448 | (820) | 331.9 | 837.5 | 160.5 |
| Stock Repurchased | 0 | 0 | 0 | 0 | 0 | 0 | (3) | (37.8) | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | 1,365 | 0 | (4) | (10) | 0 | 0 | (3.3) | (3.5) | 0.7 |
| Financing Cash Flow | (499) | (210) | (2,639) | (1,751) | 7,342 | 161 | 646.2 | 1,496.5 | 161.2 |
| Cash Position | |||||||||
| Net Change in Cash | 538 | (777) | (251) | (787) | 1,072 | 821.2 | 684.8 | 309.4 | (87.3) |
| Cash at Beginning | 763 | 1,540 | 1,791 | 2,578 | 1,506 | 684.8 | 406 | 96.3 | 183.7 |
| Cash at End | 1,301 | 763 | 1,540 | 1,791 | 2,578 | 1,506 | 684.8 | 405.8 | 96.3 |
| Free Cash Flow | 1,037 | (620) | 2,307 | 693 | (5,827) | 665 | (300.0) | (1,199.7) | (221.4) |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||
| Revenue | 4,371 | 5,153 | 6,946 | 15,567 | 8,021 | 2,583 | 4,741 | 1,838.1 | 711.1 |
| Gross Profit | 304 | 433 | 487 | 667 | 730 | 220 | 301 | 133.4 | 66.3 |
| Operating Income | (273) | (320) | (386) | (931) | (568) | (186) | (248) | (163.7) | (61.6) |
| Net Income | (1,300) | (392) | (275) | (1,353) | (662) | (253) | (341) | (241.3) | (84.8) |
| EPS (Diluted) | -1.70 | -0.56 | -0.42 | -2.16 | -1.12 | -2.31 | -4.26 | -0.46 | -2.12 |
| Balance Sheet | |||||||||
| Cash & Equivalents | 962 | 671 | 999 | 1,137 | 1,731 | 1,413 | 405.1 | 262.4 | |
| Total Assets | 2,407 | 3,126 | 3,567 | 6,608 | 9,506 | 2,176 | 2,231.7 | 1,842.3 | |
| Total Debt | 193 | 2,317 | 2,534 | 5,400 | 7,109 | 550 | 1,498.1 | 1,133.1 | |
| Stockholders' Equity | 1,005 | 713 | 967 | 1,086 | 2,248 | 1,553 | (733.1) | 667.0 | |
| Cash Flow | |||||||||
| Operating Cash Flow | 1,049 | (595) | 2,344 | 730 | (5,794) | 682 | (272.1) | (1,179.6) | (218.6) |
| Capital Expenditure | (12) | (25) | (37) | (37) | (33) | (17) | (28.0) | (20.0) | (2.9) |
| Free Cash Flow | 1,037 | (620) | 2,307 | 693 | (5,827) | 665 | (300.0) | (1,199.7) | (221.4) |