Opendoor Technologies Inc.OPEN
NasdaqGS•Real Estate•Real Estate Services
Opendoor Technologies Inc. operates a digital platform for residential real estate transactions in the United States. It buys and sells homes through online e-commerce platform. The company also resells the home to a home buyer. In addition, it offers real estate brokerage, title insurance and settlement, and escrow services, as well as property and casualty insurance, real estate licenses, and construction services. The company was formerly known as Social Capital Hedosophia Holdings Corp. II and changed its name to Opendoor Technologies Inc. Opendoor Technologies Inc. was incorporated in 2013 and is based in Tempe, Arizona.
Opendoor Technologies Inc (OPEN) reported trailing twelve months revenue of $3.94B as of March 2026, a 23.2% decline year-over-year. Quarterly revenue reached $720.00M, reflecting a contraction in sales.
Opendoor Technologies Inc reported a TTM net loss of $1.39B, with quarterly EBITDA of $-153.00M. The operating margin contracted from -4.9% to -22.1%, suggesting rising cost pressures or pricing headwinds.
The spread between operating margin (-22.1%) and net margin (-24.0%) indicates tight cost control with minimal non-operating drag. Net margin has narrowed from -7.4% a year ago, reflecting increased costs or interest expense.
OPEN trades at a P/S of 1.1x. The price-to-book ratio of 4.5x reflects a moderate premium to book value.
The company reported negative free cash flow of $-250.00M, indicating cash consumption over the period. The balance sheet shows $2.35B in total assets with $723.00M in long-term debt against $954.00M in stockholders equity for a debt-to-equity ratio of 0.8. Data based on the most recent quarterly reports.
Competitive analysis based on 21 quarters of fundamental data
Operating margins are under pressure, averaging -9.2%. The business may lack pricing power or face rising costs.'
ROE is low or negative, suggesting limited competitive advantage or capital allocation challenges.
Only 4 of the last 8 quarters had positive FCF — the business may require external capital to sustain operations.
Revenue has been flat or declining over recent quarters, which may indicate eroding demand or competitive pressure.
Data-driven red flags and warnings across 21 quarters
The company posted negative operating margins in recent quarters — core operations are unprofitable.
Free cash flow has been negative in 4 of the last 8 quarters — earnings are not translating to cash.
Debt-to-equity has risen 29.3% recently — increasing financial risk even if the current ratio is manageable.
Revenue has softened, declining in 4 quarters. Monitor for further erosion.
4 of the last 8 quarters had negative FCF — inconsistent cash generation raises sustainability concerns.
Shares outstanding increased 38.3% — significant dilution, likely from stock compensation or capital raises.
Quarterly standardized metrics.
Stock price and market valuation
Revenue and earnings growth across quarters
Assets, cash, debt, and leverage
Price multiples and return ratios
Operating efficiency and return metrics
Free cash flow, earnings quality, and capital allocation