Opendoor Technologies Inc. (OPEN) Stock

Opendoor Technologies Inc. (OPEN) is a Real Estate stock trading at $3.49 (as of 2026-08-20), with a market capitalization of $3.37B. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Opendoor Technologies Inc. operates a digital platform for residential real estate in the United States. The company's platform enables consumers to buy and sell a home online. It also provides title insurance and escrow services. Opendoor Technologies Inc. was incorporated in 2013 and is based in Tempe, Arizona.

Understand Opendoor Technologies Inc.: how it makes money

Opendoor runs a digital platform for residential real estate, helping consumers buy and sell homes online, and it also provides title insurance and escrow services to monetize transactions.

Opendoor's profit model depends on turning acquired homes into sold homes while managing inventory and the time homes spend in possession, since the business performance is tracked through homes purchased, homes sold, and ending homes in inventory.

Business quality (Weak): We have one quarter of top line and margin data (2026-03-31) plus operational volume and inventory KPIs, but no official reportable segment breakdown is provided here.

Bull case

  • Transaction conversion is tracked closely: In the quarter, Opendoor bought 2,474 homes and sold 1,921 homes, indicating ongoing movement from acquisition to resale.
  • Inventory and resale pipeline are monitored via defined cohorts: Offer cohort share sold or under resale contract by quarter end is 99%, and homes in old book not in resale contract is 75.

Bear case

  • Profitability is currently negative at the operating level: Operating margin is -22.1% (gross margin is 10.0%), so operating losses remain a key concern.
  • Inventory load can pressure results: Ending homes in inventory is 3,420, and 10% of homes are on the market for more than 120 days.
  • Business scale changes and cost actions may reflect pressure: Workforce reduction is 550 employees (18% of workforce).
Valuation — source: SEC EDGAR (first-party)
Price$3.49
Market Cap$3.37B
Price / Book3.68
Price / Sales1.03
FCF Yield-14.1%
DCF Value (model)$1.05
DCF Upside vs Price-69.9%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$4.37B
Net Margin-29.7%
Return on Equity-166.4%
Current Ratio2.94
Revenue Growth (YoY)-43.7%
EPS Growth (YoY)325.0%
FCF Growth (YoY)-188.1%
Financial Health — source: SEC EDGAR
Altman Z-Score0.91 (distress)
Valuation vs Sector & Industry
Sector P/E (Real Estate)27.1
Industry P/E (Real Estate)29.8
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderLennar Corp /New/ ($63.34B)
Institutional Holders Tracked10
Congressional Trades (recent)5
Company
SectorReal Estate
IndustryReal Estate
CEOKasra Nejatian
Employees1,470
CountryUS
IPO Date2020-06-18

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OPEN earnings history · OPEN institutional & insider holders · OPEN KPIs & operating metrics · OPEN financials · OPEN investor presentations & press releases · OPEN SEC filings · OPEN peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.