Opendoor Technologies Inc. logo OPEN - Opendoor Technologies Inc.

Price: -- -- | CONSENSUS: Hold DETAILS
STRONG
BUY
0
BUY 7
HOLD 17
SELL 2
STRONG
SELL
0
| PRICE TARGET: $6.17 DETAILS
HIGH: $8.00
LOW: $5.00
MEDIAN: $5.50
CONSENSUS: $6.17
UPSIDE: 36.20%
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1 2019 Q4 2019 Q3 2019 Q2 2019 Q1
Revenue
Revenue 720 736 915 1,567 1,153 1,084 1,377 1,511 1,181 870 980 1,976 3,120 2,857 3,361 4,198 5,151 3,822.0 2,266 1,186 747 248.9 338.6 739.8 1,255.8 1,255.7 1,210.6 1,137.1 1,137.1
Cost of Revenue 648 690 849 1,439 1,054 999 1,272 1,382 1,067 798 884 1,827 2,950 2,786 3,786 3,712 4,616 3,550.4 2,064 1,027 650 210.5 302.8 685.3 1,164.7 1,181.7 1,133.5 1,062.1 1,062.1
Gross Profit 72 46 66 128 99 85 105 129 114 72 96 149 170 71 (425) 486 535 271.6 202 159 97 38.4 35.8 54.6 91.0 74.0 77.2 75.1 75.1
Operating Expenses
R&D Expenses 24 18 19 21 21 33 30 37 41 46 42 39 40 48 40 41 40 31.6 27 24 51 12.4 13.2 16.8 15.8 14.0 14.1 11.6 11.6
SG&A Expenses 207 189 114 114 131 129 142 164 160 137 133 168 254 217 345 413 377 342.1 244 287 291 92.1 67.5 76.6 111.3 125.7 128.5 121.8 121.8
Other Expenses 0 (10) 1 6 3 17 0 0 0 4 0 10 0 77 0 0 0 0 0 0 0 0 0 0 0 0.4 0 0 0
Operating Expenses 231 197 134 141 155 179 172 201 201 187 175 217 294 342 385 454 417 373.8 271 311 342 104.5 80.7 93.4 127.1 140.1 142.5 133.4 133.4
Operating Income
Operating Income (159) (151) (68) (13) (56) (94) (67) (72) (87) (115) (79) (68) (124) (271) (810) 32 118 (102.1) (69) (152) (245) (66.1) (44.9) (38.9) (36.0) (65.8) (65.5) (58.5) (58.5)
Interest Expense (23) 28 34 36 33 32 34 30 37 37 47 53 74 113 115 89 68 73 43 16 11.0 10.4 12.4 17.3 27.7 0 0 0 0
Interest Income 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 25.7 26.2 22.7 22.7
Profitability
EBITDA (159) (1,058) (50) 19 (41) (62) (32) (59) (71) (37) (67) 96 (100) (261) (789) 54 138 (95.5) (1) (116) (247) (68.3) (44.1) (23.0) (21.2) (56.9) (57.0) (53.3) (53.3)
EBIT (159) (1,069) (55) 7 (52) (74) (44) (72) (87) (54) (79) 77 (124) (286) (812) 32 118 (117.9) (13) (128) (259) (77.5) (68.4) (38.5) (34.3) (65.8) (65.4) (58.4) (58.4)
Income Before Tax (173) (1,097) (89) (29) (85) (113) (78) (91) (109) (91) (106) 24 (101) (399) (927) (53) 28 (190.6) (56) (144) (270) (88.0) (80.8) (55.8) (62.1) (91.8) (89.7) (78.8) (78.8)
Income Tax Expense 0 (1) 1 0 0 0 0 1 0 0 0 1 0 0 1 1 0 0.4 1 0 0 (0.2) 0.0 0.1 0.1 (0.1) 0.1 0.1 0.1
Net Income (173) (1,096) (90) (29) (85) (113) (78) (92) (109) (91) (106) 23 (101) (399) (928) (54) 28 (190.9) (57) (144) (270) (87.8) (80.9) (55.9) (62.2) (91.7) (90.4) (79.5) (79.5)
Per Share Data
EPS (Basic) -0.18 -1.42 -0.12 -0.04 -0.12 -0.16 -0.11 -0.13 -0.16 -0.14 -0.16 0.04 -0.16 -0.63 -1.47 -0.09 0.05 -0.31 -0.09 -0.24 -0.48 -0.30 -0.91 -0.66 -0.74 -1.10 -1.87 -1.70 -1.70
EPS (Diluted) -0.18 -1.42 -0.12 -0.04 -0.12 -0.16 -0.11 -0.13 -0.16 -0.14 -0.16 0.03 -0.16 -0.63 -1.47 -0.09 0.04 -0.31 -0.09 -0.24 -0.48 -0.30 -0.91 -0.66 -0.74 -1.10 -1.82 -1.64 -1.64
Shares Outstanding 959.3 766.5 741.9 729.5 723.5 716.3 705.4 693.4 682.5 672.7 662.1 646.1 641.9 634.6 629.5 625.0 619.1 612.5 603.4 588.4 565.4 179.0 89.1 84.6 84.0 83.1 48.3 46.6 46.6
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1 2019 Q4 2019 Q1
Current Assets
Cash & Cash Equivalents 999 962 962 789 559 671 829 790 953 999 1,154 1,120 1,143 1,137 1,327 2,239 2,312 1,731 1,358.8 1,557.8 2,039.9 1,413 469.4 458.1 0.2 405.1 (272.5)
Short-Term Investments 0 0 0 0 0 8 8 19 37 69 72 90 108 144 178 233 464 484 481.1 200.1 58.6 48 82.1 102.1 0 43.6 545.0
Net Receivables 0 0 0 0 20 6 15 0 0 0 0 0 42 30 154 56 58 84 121.4 0 19.3 0 0 0 0 0 0
Inventory 1,139 925 1,053 1,530 2,362 2,159 2,145 2,234 1,881 1,775 1,311 1,149 2,118 4,460 6,093 6,628 4,664 6,096 6,268.1 2,723.6 840.6 466 151.5 263.7 0 1,312.4 0
Other Current Assets 104 412 572 478 211 153 266 206 413 602 1,282 1,734 1,561 695 1,832 789 581 945 591.7 257.0 184.9 126 220.5 100.9 (0.2) 326.6 0
Total Current Assets 2,242 2,299 2,587 2,797 3,152 2,997 3,263 3,249 3,284 3,445 3,819 4,093 4,972 6,466 9,584 9,945 8,079 9,340 8,821 4,738.6 3,143.3 2,053 923.5 1,071.1 0 2,087.6 272.5
Non-Current Assets
Property, Plant & Equipment 33 35 40 46 61 66 84 94 89 91 95 90 98 99 105 97 94 87 82.1 79.5 78.2 79 81.3 126.0 0 95.3 0
Goodwill 3 3 3 3 3 3 3 4 4 4 4 4 4 4 62 60 60 60 47.2 30.9 30.9 31 30.9 30.9 0 30.9 0
Intangible Assets 0 0 0 0 0 0 0 2 4 5 7 9 11 12 7 7 10 12 11.5 7.8 8.1 9 9.3 10.3 0 12.4 0
Long-Term Investments 0 0 0 0 59 0 0 0 0 0 0 0 0 0 0 0 0 5 5.1 0 10 0 0 0 0 0 0
Other Non-Current Assets 71 70 70 61 2 60 61 23 23 22 22 27 27 52 31 32 29 2 1.7 11.4 1.2 4 4.2 4.6 0 5.4 (272.5)
Total Non-Current Assets 107 108 113 110 125 129 148 123 120 122 128 130 140 142 200 191 193 166 147.6 129.6 128.4 123 125.7 171.8 0 144.0 (272.5)
Total Assets 2,349 2,407 2,700 2,907 3,277 3,126 3,411 3,372 3,404 3,567 3,947 4,223 5,112 6,608 9,784 10,136 8,272 9,506 8,968.6 4,868.3 3,271.7 2,176 1,049.2 1,242.9 0.5 2,231.7 0
Current Liabilities
Account Payables 0 0 91 86 102 9 71 73 69 2 67 65 77 5 209 215 132 3 156.0 70.9 41.4 3 3.2 2.0 0 6.5 0
Short-Term Debt 0 0 813 550 946 432 643 315 0 0 0 15 355 1,376 3,372 3,374 2,670 4,247 4,069.5 1,690.9 596.6 346 121.9 248.9 0.3 1,074.1 0
Deferred Revenue 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Current Liabilities 317 327 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 38.7 0 0 8.9 31.1 0.2 0 0
Total Current Liabilities 317 327 914 643 1,053 529 721 393 74 70 74 88 443 1,505 3,601 3,606 2,814 4,400 4,240.0 1,810.1 643.7 393 179.0 282.0 0.5 1,126.4 0
Non-Current Liabilities
Long-Term Debt 193 193 966 1,626 1,565 1,870 1,868 2,116 2,412 2,510 2,832 3,028 3,598 3,979 4,656 4,132 3,068 2,816 2,320.4 595.6 136.5 136 149.0 376.3 0 362.0 0
Deferred Tax Liabilities 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Liabilities 885 882 2 1 1 1 2 0 1 1 1 0 0 0 0 0 0 0 2.3 0.1 62.7 47 0.1 41.8 0 1,427.9 (668.5)
Total Non-Current Liabilities 1,078 1,075 975 1,633 1,579 1,884 1,889 2,134 2,431 2,530 2,853 3,049 3,633 4,017 4,695 4,174 3,111 2,858 2,365.8 640.3 244.5 230 197.3 418.1 0 1,838.4 (668.5)
Total Liabilities 1,395 1,402 1,889 2,276 2,632 2,413 2,610 2,527 2,505 2,600 2,927 3,137 4,076 5,522 8,296 7,780 5,925 7,258 6,605.8 2,450.3 888.2 623 376.3 700.1 0.5 2,964.8 (668.5)
Stockholders' Equity
Common Stock 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.1 0.1 0.1 0 0 395.7 0.0 0 0
Retained Earnings (5,206) (5,033) (3,929) (3,839) (3,810) (3,725) (3,612) (3,534) (3,442) (3,333) (3,242) (3,136) (3,159) (3,058) (2,659) (1,731) (1,677) (1,705) (1,514.5) (1,457.7) (1,313.9) (1,043) (989.5) (908.6) (0.0) (790.5) 0
Accumulated Other Comprehensive Income 0 0 0 0 0 0 0 0 0 (1) (1) (2) (3) (4) (5) (5) (4) (2) (0.1) 0 0.0 0 0.1 0.3 0 0.0 (414.9)
Total Stockholders' Equity 954 1,005 811 631 645 713 801 845 899 967 1,020 1,086 1,036 1,086 1,488 2,356 2,347 2,248 2,362.9 2,417.9 2,383.6 1,553 672.9 542.8 0.0 (733.1) 668.5
Total Liabilities & Equity 2,349 2,407 2,700 2,907 3,277 3,126 3,411 3,372 3,404 3,567 3,947 4,223 5,112 6,608 9,784 10,136 8,272 9,506 8,968.6 4,868.3 3,271.7 2,176 1,049.2 1,242.9 0.5 2,231.7 668.5
Debt Metrics
Total Debt 193 193 1,787 2,184 2,526 2,317 2,534 2,453 2,434 2,534 2,858 3,071 3,995 5,400 8,073 7,555 5,787 7,109 6,437.7 2,336.0 782.8 550 336.4 625.1 0.3 1,498.1 0
Net Debt (806) (769) 825 1,395 1,967 1,646 1,705 1,663 1,481 1,535 1,704 1,951 2,852 4,263 6,746 5,316 3,475 5,378 5,078.9 778.2 (1,257.1) (863) (133.0) 167.1 0.1 1,093.0 272.5
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1 2019 Q4 2019 Q3 2019 Q2 2019 Q1
Operating Activities
Net Income (173) (1,096) (90) (29) (85) (113) (78) (92) (109) (91) (106) 23 (101) (399) (928) (54) 28 (191) (56.8) (143.8) (270.4) (54) (80.9) (55.9) (62.2) (91.7) (90.4) (79.5) (79.5)
Depreciation & Amortization 8 18 5 12 11 12 12 13 16 15 12 19 24 25 23 22 20 22.4 11.7 8.1 12.8 9.9 24.3 15.6 13.2 5.0 9.8 8.3 8.3
Stock-Based Compensation 0 119 13 13 14 23 25 33 33 0 31 21 42 0 52 59 67 0 0 0 0 0 2.5 3.7 3.0 0 3.4 3.3 3.3
Change in Working Capital (213) 123 468 812 (235) (10) 101 (391) (129) (481) (188) 974 2,252 1,618 (65) (2,006) 1,409 158.3 (3,589.1) (1,898.1) (395.1) (315.0) 118.4 555.1 476.4 116.3 (175.6) 26.1 26.1
Other Non-Cash Items 132 906 39 15 16 8 2 38 11 15 35 (97) (55) 151 596 86 26 119.9 42.7 126.4 248.1 3.8 22.6 (4.5) 6.0 11.1 16.7 3.5 3.5
Operating Cash Flow (246) 70 435 823 (279) (80) 62 (399) (178) (542) (216) 940 2,162 1,395 (322) (1,893) 1,550 109.6 (3,591.4) (1,907.4) (404.7) (355.4) 87.0 514.0 436.4 40.7 (236.1) (38.3) (38.3)
Investing Activities
Capital Expenditure (4) (3) (3) (2) (4) (3) (6) (8) (8) (9) (11) (9) (8) (4) (13) (10) (10) (10.1) (11.9) (6.8) (4.1) (4.9) (1.3) (5.1) (5.7) (6.2) (6.5) (7.6) (7.6)
Acquisitions 0 0 0 0 0 0 0 0 0 0 0 0 0 (7) (3) 0 0 (33) (20) 0 0 0 0 0 0 0 (32.8) 0 0
Purchases of Investments 0 (6) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (53) (27.3) (225.2) (203.9) (44.6) (0.5) (60.7) (44.1) (69.8) 0 0 0 0
Sales/Maturities of Investments 0 0 0 0 6 0 8 17 30 5 15 23 38 35 43 231 25 6.4 0 62.2 23.4 34.2 80.1 35.4 20.3 0 0 0 0
Other Investing Activities 0 6 (6) 0 0 0 (2) 0 0 0 (1) 1 0 0 0 0 0 20.1 (0.1) 0 0 0 0 0 0 (15.5) 1.5 (13.2) (13.2)
Investing Cash Flow (4) (3) (9) (2) 2 (3) 0 9 22 (4) 3 15 30 24 27 221 (38) (44.2) (257.8) (148.7) (25.3) 28.8 18.1 (13.8) (55.2) (15.5) (37.8) (20.9) (20.9)
Financing Activities
Net Debt Issuance 15 (1,356) (401) (329) 206 (208) 78 15 (100) (293) (214) (810) (1,323) (2,697) 517 1,769 (1,336) 665.8 3,980.9 1,551.1 250.2 208.9 (127.6) (553.9) (347.3) (28.9) 363.3 0 0
Stock Repurchased 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (1.7) (1.7)
Dividends Paid 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Financing Activities 0 1,138 (2) 0 0 0 0 0 0 0 0 0 (4) (10) 0 0 0 0 0 0 0 0 0 0 0 32.8 (8.9) 145.7 145.7
Financing Cash Flow 16 (218) (159) (329) 207 (208) 81 15 (98) (292) (213) (809) (1,325) (2,707) 520 1,770 (1,334) 668.9 4,003.0 1,562.4 1,107.7 1,188.8 (127.3) (553.6) (346.9) 3.8 354.4 144.0 144.0
Cash Position
Net Change in Cash (234) (151) 267 492 (70) (291) 143 (375) (254) (838) (426) 146 867 (1,288) 225 98 178 734.7 153.8 (493.7) 677.2 1,505.7 (0.7) 0.8 (684.7) 684.8 80.5 84.7 84.7
Cash at Beginning 1,301 1,452 1,185 693 763 1,054 911 1,286 1,540 2,378 2,804 2,658 1,791 3,079 2,854 2,756 2,578 1,843.3 1,689.5 2,183.2 1,506 0.3 1.0 0.2 684.8 0 575.3 490.5 0
Cash at End 1,067 1,301 1,452 1,185 693 763 1,054 911 1,286 1,540 2,378 2,804 2,658 1,791 3,079 2,854 2,756 2,578 1,843.3 1,689.5 2,183.2 1,506 0.3 1.0 0.2 684.8 655.7 575.3 84.7
Free Cash Flow (250) 67 432 821 (283) (83) 56 (407) (186) (551) (227) 931 2,154 1,391 (335) (1,903) 1,540 99.4 (3,603.4) (1,914.2) (408.8) (360.3) 85.7 508.9 430.7 34.5 (242.6) (46.0) (46.0)
Key Metrics 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1 2019 Q4 2019 Q3 2019 Q2 2019 Q1
Income Statement
Revenue 720 736 915 1,567 1,153 1,084 1,377 1,511 1,181 870 980 1,976 3,120 2,857 3,361 4,198 5,151 3,822.0 2,266 1,186 747 248.9 338.6 739.8 1,255.8 1,255.7 1,210.6 1,137.1 1,137.1
Gross Profit 72 46 66 128 99 85 105 129 114 72 96 149 170 71 (425) 486 535 271.6 202 159 97 38.4 35.8 54.6 91.0 74.0 77.2 75.1 75.1
Operating Income (159) (151) (68) (13) (56) (94) (67) (72) (87) (115) (79) (68) (124) (271) (810) 32 118 (102.1) (69) (152) (245) (66.1) (44.9) (38.9) (36.0) (65.8) (65.5) (58.5) (58.5)
Net Income (173) (1,096) (90) (29) (85) (113) (78) (92) (109) (91) (106) 23 (101) (399) (928) (54) 28 (190.9) (57) (144) (270) (87.8) (80.9) (55.9) (62.2) (91.7) (90.4) (79.5) (79.5)
EPS (Diluted) -0.18 -1.42 -0.12 -0.04 -0.12 -0.16 -0.11 -0.13 -0.16 -0.14 -0.16 0.03 -0.16 -0.63 -1.47 -0.09 0.04 -0.31 -0.09 -0.24 -0.48 -0.30 -0.91 -0.66 -0.74 -1.10 -1.82 -1.64 -1.64
Balance Sheet
Cash & Equivalents 999 962 962 789 559 671 829 790 953 999 1,154 1,120 1,143 1,137 1,327 2,239 2,312 1,731 1,358.8 1,557.8 2,039.9 1,413 469.4 458.1 0.2 405.1 (272.5)
Total Assets 2,349 2,407 2,700 2,907 3,277 3,126 3,411 3,372 3,404 3,567 3,947 4,223 5,112 6,608 9,784 10,136 8,272 9,506 8,968.6 4,868.3 3,271.7 2,176 1,049.2 1,242.9 0.5 2,231.7 0
Total Debt 193 193 1,787 2,184 2,526 2,317 2,534 2,453 2,434 2,534 2,858 3,071 3,995 5,400 8,073 7,555 5,787 7,109 6,437.7 2,336.0 782.8 550 336.4 625.1 0.3 1,498.1 0
Stockholders' Equity 954 1,005 811 631 645 713 801 845 899 967 1,020 1,086 1,036 1,086 1,488 2,356 2,347 2,248 2,362.9 2,417.9 2,383.6 1,553 672.9 542.8 0.0 (733.1) 668.5
Cash Flow
Operating Cash Flow (246) 70 435 823 (279) (80) 62 (399) (178) (542) (216) 940 2,162 1,395 (322) (1,893) 1,550 109.6 (3,591.4) (1,907.4) (404.7) (355.4) 87.0 514.0 436.4 40.7 (236.1) (38.3) (38.3)
Capital Expenditure (4) (3) (3) (2) (4) (3) (6) (8) (8) (9) (11) (9) (8) (4) (13) (10) (10) (10.1) (11.9) (6.8) (4.1) (4.9) (1.3) (5.1) (5.7) (6.2) (6.5) (7.6) (7.6)
Free Cash Flow (250) 67 432 821 (283) (83) 56 (407) (186) (551) (227) 931 2,154 1,391 (335) (1,903) 1,540 99.4 (3,603.4) (1,914.2) (408.8) (360.3) 85.7 508.9 430.7 34.5 (242.6) (46.0) (46.0)