Opendoor Technologies Inc
OPEN
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Bull / bear case
Site-generated summary from fundamentals, news, and score — not investment advice. As of 2026-10-08.
- Opendoor operates in a competitive real estate market, leveraging technology to streamline home buying and selling, which can attract a growing customer base.
- Revenue increased by 23% compared to the prior quarter, reaching $883 million.
- Operating margin improved to -16%, showing signs of operational efficiency despite ongoing challenges.
- The real estate industry is currently facing a downturn, impacting Opendoor's revenue and profitability.
- The company reported a net income loss of $162 million in the latest quarter.
- Opendoor's forward P/E ratio is -107.69, indicating significant investor skepticism about future earnings.
Fundamentals
| Market cap | $2.22B | Enterprise value | $3.29B | Trailing P/E | — | Forward P/E | -108.63 |
| PEG | — | Price / book | 2.43 | Beta | 3.75 | Dividend yield | 0.00% |
| Revenue growth | -43.7% | Earnings growth | — | Gross margin | 8.6% | Operating margin | -15.9% |
| Profit margin | -46.7% | ROE | -2.0% | ROA | -10.9% | Debt / equity | 2.15 |
| Current ratio | 2.94 | Free cash flow | $48.75M | Analyst recommendation | none | Mean target | $4.27 |
| 52w high | $9.46 | 52w low | $2.13 |
Quarterly
| 2026-Q2 | 2026-Q1 | 2025-Q4 | 2025-Q3 | 2025-Q2 | |
|---|---|---|---|---|---|
| Revenue | $883M | $720M | $736M | $915M | $1.6B |
| Op margin | -16.0% | -22.1% | -20.4% | -7.3% | -0.4% |
| Net income | -$162M | -$173M | -$1.1B | -$90.0M | -$29.0M |
| Gross margin | 9.7% | 10.0% | 7.7% | 7.2% | 8.2% |
| Gross profit | $86.0M | $72.0M | $57.0M | $66.0M | $128M |
| Operating income | -$141M | -$159M | -$150M | -$67.0M | -$7.0M |
- Revenue +23% vs prior quarter ($883M vs $720M).
- Gross margin 9.7% (was 10% prior quarter).
- Operating margin expanded to -16%.
Yearly (6y)
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Revenue | $4.4B | $5.2B | $6.9B | $15.6B | — |
| Op margin | -6.3% | -5.9% | -5.4% | -5.5% | — |
| Net income | -$1.3B | -$392M | -$275M | -$1.4B | — |
| Gross margin | 8.0% | 8.4% | 7.0% | 4.3% | — |
| Gross profit | $350M | $433M | $487M | $667M | — |
| Operating income | -$277M | -$303M | -$372M | -$854M | — |
No flags
• No distress or material-risk keywords in recent headlines (keyword scan only — not a guarantee).
News
2026-10-01 · OPEN's Mortgage Push: Can 35-40 States Unlock Its Next Growth Phase?
2026-09-29 · Why Did TTD, OPEN, QS Stocks Tumble To 52-Week Lows Today?
2026-09-28 · Title Resources Group Appoints Brian Ruzycki as Chief Technology Officer
2026-09-25 · Prediction: These 4 Stocks Will 4x in the Next 10 Years
2026-09-25 · Baseten Names Sheila Vashee Chief Marketing Officer
2026-09-25 · 3 Unprofitable Stocks with Warning Signs
2026-09-23 · What Opendoor Technologies (OPEN)'s Unusual Q4 Margin Outlook Means For Shareholders
2026-09-23 · Opendoor Slides 5% as Housing Names Fall Together; Zillow and Offerpad Drop 3%
2026-09-22 · Can Opendoor Reverse Its Historical Q4 Margin Decline in 2026?
2026-09-21 · Opendoor Gains 5% but Is Still Down 24% in a Month. Will the Bulls or Bears Win?
2026-09-21 · Why Did NKE, OPEN, MCD Stocks Slip To 52-Week Lows Last Week?
2026-09-17 · Why Did OPEN, STLA, JOBY Stocks Tumble To 52-Week Lows Today?
Price (daily)
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