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Opendoor Technologies Inc. (OPEN) stock

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NASDAQ: OPEN Nasdaq Real Estate Services Next results ~November 5, 2026

E Fundamentals grade

Opendoor Technologies Inc. is a US-listed company in the real estate services industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Model estimate per share

~$1.0

Forward price-to-sales vs peers

Base case. Range ~$1.0–$7.9. Next year's consensus sales per share times peers' typical forward price-to-sales; only when earnings are negative.

Price vs value

No Buy/Hold/Sell rating is issued: valued with our growth model, which doesn't carry a Buy/Hold/Sell rating yet.

Opendoor Technologies Inc. valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

Value diary

Our note on each quarter Opendoor Technologies files

Where Opendoor Technologies stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $3.25bn, down 37.2% on a year earlier, a steeper fall than the 23.2% decline a quarter earlier. Free-cash-flow margin fell to -14.6% from 9.9% a year earlier. Operating margin narrowed to -16.0% from -4.4%. The diluted share count is up 23.1% on a year earlier, which dilutes existing holders. It passes 2 of our 3 financial-health checks. Our price-to-sales vs peers value is $1.28 a share, against a share price of $1.92.

Source: 10-Q filed August 4, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 5, 2026 (estimated)

Opendoor Technologies Inc.'s trailing-twelve-month revenue fell 37.2% year on year, with a free-cash-flow margin of -14.6%. Where it lags: revenue growth of -37.2% ranks 20 of 22 real estate services companies we cover.

Current signal Revenue growth decelerating: TTM revenue growth slowed to -37.2% (-14.0pp vs the prior quarter), the 4th consecutive quarterly slowdown.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Net cash. Cash exceeds long-term debt by $0.9bn.

Things to watch

  • Results due soon. Results are expected around 5 November; the share price can move sharply on the day.
  • Revenue shrinking. Revenue fell 37.2% over the last 12 months.
  • Growth slowing. The growth rate is 14.0 points lower than a quarter earlier.
  • Loss-making. Operating margin is -16.0%: costs exceed revenue.
  • Margins narrowing. Operating margin is down 11.6 points on a year ago.
  • Burning cash. Free cash flow was -14.6% of revenue over the last 12 months.

Latest results: FY2026 Q2

Filed August 4, 2026
Earnings per share
-$0.03 against an average estimate of -$0.02: missed by 31.9%
Revenue
$883m, down 43.7% on a year earlier
Share reaction
-4.6% in the first session after the results on August 4, 2026, against +1.6% for the S&P 500
Next report
November 5, 2026; average EPS estimate -$0.05

Opendoor Technologies' figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day0.0%
  • 1 week-6.7%
  • 1 month-26.2%
  • This year-69.1%
  • 1 year-76.8%
  • 5 years-91.4%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$3.3B
Operating margin
-16.0%
Net margin
-46.7%
EPS (TTM, diluted)
$-1.72

Growth

Revenue growth
−37.2%
Change in growth rate
−14.0 pts
Share count change
+23.1%

Cash

Free cash flow (TTM)
-$474M
FCF margin
-14.6%
Stock pay % of revenue
11.4%

Earnings

Last results
August 4, 2026
Next results (est.)
November 5, 2026

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Leadership
  2. Leadership
  3. Agreement
  4. Agreement
  5. Results

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Opendoor Technologies Inc. valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: valued with our growth model, which doesn't carry a Buy/Hold/Sell rating yet.

Valuation models

We value Opendoor Technologies Inc. as an operating company, with every model that fits that kind of business. Cost of equity 10.4%: the 10-year Treasury yield (4.9%) plus a beta of 1.22 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Growth cash-flow model Revenue for this year and next from analysts' consensus, then growth fading to 2.5%; the operating margin moving to profitable peers'; investment needed per dollar of growth from peers; reduced by a failure probability. For young or fast-growing companies. The starting margin is normalized to between -100% and 60%; net margin is a proxy when operating income is not tagged. Uses analysts' consensus estimates (third-party data), not our forecasts. — Does not apply: the projected cash flows don't support a positive value
Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. — Does not apply: no positive earnings in the latest twelve months
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. — Does not apply: the model gives no positive value
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. — Does not apply: return on equity is not positive
Forward price-to-sales vs peers Next year's consensus sales per share times peers' typical forward price-to-sales; only when earnings are negative. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$1.0 ~$3.7–$7.9 Included, half weight
Revenue-to-maturity model Revenue grown to maturity with the cash margin moving to the industry's; for companies not yet profitable. — Does not apply: revenue and margins don't support a positive value
Combined value Weighted average of the models that apply: the primary model (growth cash-flow model) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$1.0 ~$1.0–$7.9 1 model

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Opendoor Technologies Inc. with Real Estate Services in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Valuation multiples over time Market data may be delayed

At fiscal year end 202020212022202320242025Now
Share price$22.73$14.61$1.16$4.48$1.60$5.83$1.80
Market value$2.5bn$8.7bn$727m$2.9bn$1.1bn$4.5bn$1.6bn
+ Net debt (− = net cash)−$939m$4.4bn$3.3bn$1.1bn$1.3bn$351m$1.1bn
Enterprise value$1.5bn$13.0bn$4.0bn$4.1bn$2.4bn$4.8bn$2.7bn
Multiples
Price / sales 1.0x1.1x0.0x0.4x0.2x1.0x0.5x
Price / earnings ———————
Price / free cash flow 3.7x—1.0x1.3x—4.3x—
EV / EBITDA ———————

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

19 /100

Weak moat

How hard Opendoor Technologies's competitive advantage looks for rivals to wear away, judged from 7 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 0 / 20

    Net income has been a median -11.8% of total assets over 7 years.

  • Pricing power 6 / 20

    Gross margin has been a median 8.6%, moving by 3.8 percentage points (standard deviation) across 7 years.

  • Durability 10 / 20

    Operating margin has been a median -9.5%; its worst year was -20.2%.

  • Cash conversion 3 / 20

    Free cash flow was positive in 2 of 6 years, at a median -19.8% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (24 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 5, 2026, after the close. Analysts expect revenue of $1.1bn and EPS of −$0.05 (range −$0.06 to −$0.05) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current −$0.19 +26% $3.8bn −12%
Next −$0.02 +89% $7.3bn +90%

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 −$0.02 −$0.03 −31.9%
Mar 2026 −$0.06 −$0.05 +16.3%
Dec 2025 −$0.09 −$0.07 +24.3%
Sept 2025 −$0.07 −$0.08 −19.6%

Adjusted EPS as companies report it, against the average analyst estimate.

Analyst recommendations

9 analysts, Oct 2026
Buy222%
Hold556%
Sell222%

Monthly trend

  1. Oct 2026115119
  2. Sep 2026115119
  3. Aug 2026115119
  4. Jul 2026115119

Counts of recommendations published by analysts covering Opendoor Technologies Inc., by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
26.6%
of tradable shares
Days to cover
7.49
at average volume
Short interest, 1 month
+11%
to September 30, 2026
Held by institutions
58%
of shares
Held by insiders
4.9%
of shares
Employees
1,042
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months −76.8%

$7.77 on October 31, 2025 to $1.80

ThenNowEffect
Revenue (last 12 months) $5.2bn $3.3bn −37.2%
P/S multiple 1.1x 0.5x −54.6%
Share count 719m 885m −18.7%

Biggest factor: p/s multiple. Loss-making at one end, so the split uses price/sales.

Last 3 years −13.9%

$2.09 on November 3, 2023 to $1.80

ThenNowEffect
Revenue (last 12 months) $11.3bn $3.3bn −71.2%
P/S multiple 0.1x 0.5x +315.2%
Share count 638m 885m −27.9%

Biggest factor: p/s multiple. Loss-making at one end, so the split uses price/sales.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
OPEN−36%−92%+286%−64%+264%−69%
Industry peers (median)+47%−47%+25%+11%−8%−31%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
OPEN50%25%58%25%25%18%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
OPEN−63%−94%−64%−64%−70%−75%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since June 18, 2020: 99% from February 11, 2021 to June 25, 2025. Getting back needed a 6908% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$1.80 – $9.37
From 52-week high
−80.8%
vs 50-day average
−28.5%
vs 200-day average
−57.0%
Volatility (1 year)
79%
Beta vs S&P 500
2.98

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
5 up, 7 down
typical move ±11.8%
After a week
5 up, 7 down
typical move ±13.0%
After a month
5 up, 7 down
typical move ±30.5%
Results releasedNext dayS&P 500 next day5 days21 days
August 4, 2026 −4.6% +1.6% −9.1% −21.6%
May 7, 2026 −8.2% +0.5% −18.1% −21.1%
February 19, 2026 +8.0% +0.5% +16.8% +6.0%
November 6, 2025 −9.3% −1.0% +18.4% −2.5%
August 5, 2025 −22.8% +0.3% +0.4% +142.3%
May 6, 2025 +18.0% −0.4% −3.8% −10.7%
February 27, 2025 −13.0% −0.1% −23.4% −26.6%
November 7, 2024 +3.9% +1.2% −0.6% +22.5%
August 1, 2024 −19.8% −3.3% −27.6% −7.3%
May 2, 2024 +10.5% +2.2% +15.0% +9.0%
February 15, 2024 −12.7% +0.2% −16.4% −16.2%
November 2, 2023 +10.6% +2.8% +6.9% +80.4%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Opendoor Technologies Inc. in five measures

Fundamentals grade E
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Opendoor Technologies Inc.
$2B $4B $6B $8B $10B FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue (TTM), FY23 Q3: $8.9B Revenue (TTM), FY23 Q4: $6.9B Revenue (TTM), FY24 Q1: $5B Revenue (TTM), FY24 Q2: $4.5B Revenue (TTM), FY24 Q3: $4.9B Revenue (TTM), FY24 Q4: $5.2B Revenue (TTM), FY25 Q1: $5.1B Revenue (TTM), FY25 Q2: $5.2B Revenue (TTM), FY25 Q3: $4.7B Revenue (TTM), FY25 Q4: $4.4B Revenue (TTM), FY26 Q1: $3.9B Revenue (TTM), FY26 Q2: $3.3B $3.3B

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Revenue (TTM)
FY23 Q3 $8.9B
FY23 Q4 $6.9B
FY24 Q1 $5B
FY24 Q2 $4.5B
FY24 Q3 $4.9B
FY24 Q4 $5.2B
FY25 Q1 $5.1B
FY25 Q2 $5.2B
FY25 Q3 $4.7B
FY25 Q4 $4.4B
FY26 Q1 $3.9B
FY26 Q2 $3.3B
Revenue growth, TTM YoY Opendoor Technologies Inc.
-80% -60% -40% -20% 0% 20% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue growth, TTM YoY, FY23 Q3: -46.0% Revenue growth, TTM YoY, FY23 Q4: -55.4% Revenue growth, TTM YoY, FY24 Q1: -63.0% Revenue growth, TTM YoY, FY24 Q2: -59.9% Revenue growth, TTM YoY, FY24 Q3: -44.7% Revenue growth, TTM YoY, FY24 Q4: -25.8% Revenue growth, TTM YoY, FY25 Q1: 2.4% Revenue growth, TTM YoY, FY25 Q2: 14.1% Revenue growth, TTM YoY, FY25 Q3: -4.5% Revenue growth, TTM YoY, FY25 Q4: -15.2% Revenue growth, TTM YoY, FY26 Q1: -23.2% Revenue growth, TTM YoY, FY26 Q2: -37.2% -37.2%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q3 -46.0%
FY23 Q4 -55.4%
FY24 Q1 -63.0%
FY24 Q2 -59.9%
FY24 Q3 -44.7%
FY24 Q4 -25.8%
FY25 Q1 2.4%
FY25 Q2 14.1%
FY25 Q3 -4.5%
FY25 Q4 -15.2%
FY26 Q1 -23.2%
FY26 Q2 -37.2%
Operating margin (TTM) Opendoor Technologies Inc.
-20% -15% -10% -5% 0% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Operating margin (TTM), FY23 Q3: -6.1% Operating margin (TTM), FY23 Q4: -5.6% Operating margin (TTM), FY24 Q1: -7.0% Operating margin (TTM), FY24 Q2: -7.8% Operating margin (TTM), FY24 Q3: -6.9% Operating margin (TTM), FY24 Q4: -6.2% Operating margin (TTM), FY25 Q1: -5.6% Operating margin (TTM), FY25 Q2: -4.4% Operating margin (TTM), FY25 Q3: -4.9% Operating margin (TTM), FY25 Q4: -6.6% Operating margin (TTM), FY26 Q1: -9.9% Operating margin (TTM), FY26 Q2: -16.0% -16.0%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q3 -6.1%
FY23 Q4 -5.6%
FY24 Q1 -7.0%
FY24 Q2 -7.8%
FY24 Q3 -6.9%
FY24 Q4 -6.2%
FY25 Q1 -5.6%
FY25 Q2 -4.4%
FY25 Q3 -4.9%
FY25 Q4 -6.6%
FY26 Q1 -9.9%
FY26 Q2 -16.0%
FCF margin (TTM) Opendoor Technologies Inc.
-40% -20% 0% 20% 40% 60% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 FCF margin (TTM), FY23 Q3: 47.6% FCF margin (TTM), FY23 Q4: 33.2% FCF margin (TTM), FY24 Q1: -0.7% FCF margin (TTM), FY24 Q2: -30.2% FCF margin (TTM), FY24 Q3: -22.0% FCF margin (TTM), FY24 Q4: -12.0% FCF margin (TTM), FY25 Q1: -14.0% FCF margin (TTM), FY25 Q2: 9.9% FCF margin (TTM), FY25 Q3: 18.8% FCF margin (TTM), FY25 Q4: 23.7% FCF margin (TTM), FY26 Q1: 27.2% FCF margin (TTM), FY26 Q2: -14.6% -14.6%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q3 47.6%
FY23 Q4 33.2%
FY24 Q1 -0.7%
FY24 Q2 -30.2%
FY24 Q3 -22.0%
FY24 Q4 -12.0%
FY25 Q1 -14.0%
FY25 Q2 9.9%
FY25 Q3 18.8%
FY25 Q4 23.7%
FY26 Q1 27.2%
FY26 Q2 -14.6%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ billions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Jun 2026
Income
Revenue 1.8 4.7 2.6 8.0 15.6 6.9 5.2 4.4 3.3
Gross profit 0.1 0.3 0.2 0.7 0.7 0.5 0.4 0.4 0.3
EBITDA −0.2 −0.2 −0.2 −0.5 −0.9 −0.3 −0.3 −0.3 −0.5
Operating income −0.2 −0.2 −0.2 −0.6 −0.9 −0.4 −0.3 −0.3 −0.5
Net income −0.2 −0.3 −0.3 −0.7 −1.4 −0.3 −0.4 −1.3 −1.5
Diluted EPS −$3.16 −$4.37 −$2.31 −$1.12 −$2.16 −$0.42 −$0.56 −$1.70 −$1.72
Growth (year on year)
Revenue — +157.9% −45.5% +210.5% +94.1% −55.4% −25.8% −15.2% −37.2%
Margins
Gross margin 7.3% 6.3% 8.5% 9.1% 4.3% 7.0% 8.4% 8.0% 8.6%
EBITDA margin −8.7% −4.9% −6.3% −6.7% −5.7% −5.0% −5.6% −5.9% −15.2%
Operating margin −8.9% −5.2% −7.2% −7.1% −6.0% −5.6% −6.2% −6.6% −16.0%
Net margin −13.1% −7.2% −9.8% −8.3% −8.7% −4.0% −7.6% −29.7% −46.7%
Free-cash-flow margin −65.3% −6.3% 25.7% −72.6% 4.5% 33.2% −12.0% 23.7% −14.6%
Cash flow
Cash from operations −1.2 −0.3 0.7 −5.8 0.7 2.3 −0.6 1.0 −0.5
Capital spending 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Free cash flow −1.2 −0.3 0.7 −5.8 0.7 2.3 −0.6 1.0 −0.5
Stock-based pay 0.0 0.0 0.0 0.5 0.2 0.1 0.1 0.2 0.4
Free cash flow after stock pay −1.2 −0.3 0.6 −6.4 0.5 2.2 −0.7 0.9 −0.8
Balance sheet
Cash 0.3 0.4 1.4 1.7 1.1 1.0 0.7 1.0 0.9
Total debt 0.0 1.3 0.5 6.1 4.4 2.1 1.9 1.3 2.0
Net debt (negative = net cash) −0.3 0.9 −0.9 4.4 3.3 1.1 1.3 0.4 1.1
Diluted shares 79m 80m 109m 593m 627m 657m 699m 767m 885m
Returned to shareholders
Buybacks 0.0 0.0 0.0 0.0 — — — — —
Total returned 0.0 0.0 0.0 0.0 — — — — —

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

2 of 3 checks passed · June 30, 2026
What it owns · $3.0bn
Short-term assets $2.9bnLonger-term assets $111m
What it owes, and who funded it · $3.0bn
Short-term liabilities $968mLonger-term liabilities $1.1bnShareholders' equity $914m
  • Short-term assets cover short-term liabilities $2.9bn of assets due within a year against $968m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $2.9bn short-term assets against $1.1bn of longer-dated liabilities.
  • More cash than debt Cash or debt not separately reported. Not assessable.
  • Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt Cash flow or debt not reported. Not assessable.
  • Operating profit covers interest at least five times over Operating income of −$521m against $114m of interest.

From Opendoor Technologies Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

Diluted share count
+23.1%
year over year
R&D spending
2.7%
of revenue

Competitors: side by side with peers

Closest by revenue in real estate services
Last 12 months unless stated OPEN NMRK CSGP Z AGNT FSV Median
Revenue, last 12 months $3.3bn $3.6bn $3.7bn $2.8bn $5.0bn $5.5bn $2.2bn
Revenue growth, last 12 months −37.2% 20.8% 20.2% 17.7% 8.1% 5.4% 6.7%
Revenue growth, 3-year average −34.0% 14.9% 15.4% 14.1% 5.4% 74.3% 13.0%
Revenue growth, latest quarter −43.7% 17.0% 14.1% 17.9% 10.7% — 12.7%
Gross margin 8.6% — 78.3% 72.9% 8.1% — 18.5%
Operating margin −16.0% 7.7% 5.8% 0.4% −0.3% 6.1% 0.8%
Operating margin, 3-year average −9.4% 6.1% 1.5% −5.6% −0.4% 6.2% −2.7%
Net margin −46.7% 4.1% 4.9% 2.0% −0.3% 2.6% 1.8%
Cash from operations / revenue −14.1% 23.5% 16.8% 13.8% 2.1% 8.1% 1.8%
Free-cash-flow margin −14.6% 22.1% 11.5% 9.2% 1.9% 5.8% 1.5%
Free-cash-flow margin, 3-year average −11.6% 7.9% 2.9% 10.3% 2.9% 4.6% 2.9%
Stock pay / revenue 11.4% 0.0% 4.2% 12.9% 0.3% 0.5% 0.9%
Change in share count 23.1% — −0.9% 0.0% 4.9% 1.0% 1.6%

Median of all 22 companies we cover in real estate services. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

22 real estate services companies
Measure Company Peer median Rank
Revenue growth Growth -37.2% 8.1% 20 of 22
Change in growth rate Growth -14.0pp -0.2pp 17 of 22
Gross margin Profitability 8.6% 21.4% 8 of 10
Operating margin Profitability -16.0% 1.2% 17 of 22
Net margin Profitability -46.7% 1.8% 18 of 21
Free-cash-flow margin Cash generation -14.6% 1.2% 15 of 19
Stock pay as % of revenue Cash generation 11.4% 1.0% 19 of 21
Change in share count Balance sheet 23.1% 1.8% 14 of 20

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Who owns it

Funds buying and selling
Reported value
$2.6B
Institutions reporting
389
Shares held vs prior quarter
▲ 18.5%
Positions opened / closed
89 / 67

Top buyers and sellers, Q2 2026: 212 institutions bought and 151 sold ; the biggest buyer was Blackrock, Inc (+54.3M shares) and the biggest seller Jane Street Group, LLC (−14.6M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Morgan Stanley $532M 115.2M 20.7% ▲ 12.1%
Vanguard Portfolio Management LLC $352M 76.2M 13.7% ▲ 8.8%
Blackrock, Inc. $337M 72.9M 13.1% ▲ 291.3%
Vanguard Capital Management LLC $160M 34.6M 6.2% ▼ 2.6%
Geode Capital Management, LLC $115M 25.0M 4.5% ▲ 102.3%
State Street Corp $101M 21.8M 3.9% ▲ 264.2%
American Century Companies Inc $65.6M 14.2M 2.5% 0.0%
Lennar Corp $62.5M 13.5M 2.4% 0.0%
Dimensional Fund Advisors LP $58.1M 12.6M 2.3% ▲ 38.6%
Charles Schwab Investment Management Inc $47.5M 10.3M 1.8% ▼ 8.4%
Renaissance Technologies LLC $41.7M 9.0M 1.6% ▼ 23.5%
Northern Trust Corp $38.9M 8.4M 1.5% ▲ 233.3%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Opendoor Technologies Inc.'s complete shareholder register. Values are as reported by the filers ; 11 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $1.6M 3 trades by 1 insider, last 12 months Insider sales History → $1.5M 7 trades by 3 insiders · 58% under pre-set plans
Net ▲ $85,062 net buying
Insider Date Trade Shares Price Value
Nguyen Giang Chief Operating Officer October 15, 2026 Sell pre-set plan 10,393 $1.97 $20,516
Nejatian Kasra Chief Executive Officer August 14, 2026 Buy 27,625 $3.62 $100,002
Nguyen Giang Chief Operating Officer July 15, 2026 Sell pre-set plan 3,591 $4.68 $16,806
Benson David C Director June 16, 2026 Sell pre-set plan 40,000 $4.83 $193,200
Schwartz Christina Chief Financial Officer May 15, 2026 Sell pre-set plan 74,348 $4.33 $321,927
Nejatian Kasra Chief Executive Officer May 11, 2026 Buy 100,000 $4.88 $488,000
Nguyen Giang Chief Operating Officer April 15, 2026 Sell 10,866 $4.65 $50,527
Schwartz Christina Chief Financial Officer February 17, 2026 Sell pre-set plan 74,248 $4.32 $320,751
Schwartz Christina See Remarks November 17, 2025 Sell 73,951 $7.90 $584,213
Nejatian Kasra Chief Executive Officer November 11, 2025 Buy 125,000 $8.04 $1M

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 4 trades and filings

In the last 12 months, 1 member of Congress disclosed 0 purchases and 1 sale of Opendoor Technologies Inc. shares.

  • Cleo Fields(D-LA 6):Sale (full), $1,001 - $15,000, traded December 26, 2025, filed January 16, 2026
  • Cleo Fields(D-LA 6):Purchase, $1,001 - $15,000, traded September 19, 2025, filed September 30, 2025
  • Cleo Fields(D-LA 6):Purchase, $1,001 - $15,000, traded July 21, 2025, filed August 6, 2025

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around November 5, 2026 estimated from the company's past filing pattern, not announced

  • August 4, 2026
  • May 7, 2026
  • February 19, 2026
  • November 6, 2025
  • August 5, 2025
  • May 6, 2025

Recent SEC filings

Data status

When each part of this page on Opendoor Technologies Inc. was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Opendoor Technologies Inc. in brief

What does Opendoor Technologies Inc. do?
Opendoor Technologies Inc. is a US-listed company in the real estate services industry. Its financial year ends in December.
What is Opendoor Technologies Inc.'s stock ticker?
Opendoor Technologies Inc. trades under the ticker OPEN on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Opendoor Technologies Inc.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, Opendoor Technologies Inc. reported revenue of $3.3B, 37.2% lower than a year earlier, according to its SEC filings.
What is Opendoor Technologies Inc.'s free cash flow?
Opendoor Technologies Inc.'s free-cash-flow margin is -14.6% of revenue over the trailing twelve months, ranking 15 of the 19 real estate services companies we cover.
Who are Opendoor Technologies Inc.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Morgan Stanley, Vanguard Portfolio Management LLC and Blackrock, Inc. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
What is Opendoor Technologies Inc.'s market cap?
On November 2, 2026, Opendoor Technologies Inc.'s market capitalisation was about $1.6B and net debt of $1.1B. Market figures come from third-party market data and may be delayed.
Who are Opendoor Technologies Inc.'s competitors?
In our Real Estate Services peer group, the companies closest to Opendoor Technologies Inc. are Newmark Group, Inc., CoStar Group, Zillow Group, Inc., Agnt, Inc. and Firstservice Corp. The side-by-side comparison below sets their revenue, margins and growth against Opendoor Technologies Inc.'s.
Are insiders buying or selling Opendoor Technologies Inc. stock?
Over the last 12 months, Opendoor Technologies Inc.'s directors and officers reported 3 open-market purchases and 7 sales on Form 4. The insider trading page charts every trade.
When is Opendoor Technologies Inc.'s next earnings date?
Around November 5, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Opendoor Technologies Inc. announces its own schedule.