(OPEN) Opendoor Technologies - Overview

Sector: Real Estate | Industry: Real Estate Services | Exchange: NASDAQ (USA) | Market Cap: 4.600m USD | Total Return: 358.8% in 12m

Stock Homes, Brokerage, Title, Insurance, Construction
Total Rating 58
Risk 64
Buy Signal -0.35
Real Estate Services -1.6
Real Estate Development +7.2
Market Cap: 4,600m
Avg Trading Vol: 186M USD
ATR: 8.28%
Peers RS (IBD): 97.6
Risk 5d forecast
Volatility87.5%
Rel. Tail Risk-7.93%
Reward TTM
Sharpe Ratio1.62
Alpha272.31
Character TTM
Beta2.661
Beta Downside4.204
Drawdowns 3y
Max DD90.28%
CAGR/Max DD0.43
EPS (Earnings per Share) EPS (Earnings per Share) of OPEN over the last years for every Quarter: "2021-03": -0.48, "2021-06": -0.24, "2021-09": -0.09, "2021-12": -0.29, "2022-03": 0.15, "2022-06": 0.19, "2022-09": -1.47, "2022-12": -0.51, "2023-03": -0.64, "2023-06": -0.3, "2023-09": -0.11, "2023-12": -0.14, "2024-03": -0.12, "2024-06": -0.04, "2024-09": -0.1, "2024-12": -0.1075, "2025-03": -0.0871, "2025-06": -0.04, "2025-09": -0.12, "2025-12": -0.071, "2026-03": 0,
EPS CAGR: -3.17%
EPS Trend: 49.1%
Last SUE: 2.21
Qual. Beats: 2
Revenue Revenue of OPEN over the last years for every Quarter: 2021-03: 747, 2021-06: 1186, 2021-09: 2266, 2021-12: 3821.986, 2022-03: 5151, 2022-06: 4198, 2022-09: 3361, 2022-12: 2857, 2023-03: 3120, 2023-06: 1976, 2023-09: 980, 2023-12: 870, 2024-03: 1181, 2024-06: 1511, 2024-09: 1377, 2024-12: 1084, 2025-03: 1153, 2025-06: 1567, 2025-09: 915, 2025-12: 736, 2026-03: null,
Rev. CAGR: -40.48%
Rev. Trend: -83.9%
Last SUE: 3.64
Qual. Beats: 1
Risks
Technicals: volatile
Description: OPEN Opendoor Technologies March 05, 2026

Opendoor Technologies Inc. (OPEN) operates a digital platform for residential real estate in the US. The company functions as an iBuyer, directly purchasing homes from sellers and reselling them to buyers, streamlining the transaction process. This model aims to provide liquidity and certainty for sellers.

Beyond direct home transactions, Opendoor offers ancillary services. These include real estate brokerage, title insurance, escrow, and property insurance. These integrated services aim to capture more of the real estate transaction value chain. Investors can find further details about Opendoors operational metrics on ValueRay.

Headlines to Watch Out For
  • Housing market volatility impacts home acquisition and resale margins
  • Interest rate hikes reduce buyer demand and increase holding costs
  • Inventory turnover speed directly affects profitability
  • Competition from traditional real estate brokers intensifies
  • Regulatory changes in real estate transactions increase compliance costs
Piotroski VR‑10 (Strict, 0-10) 2.0
Net Income: -1.30b TTM > 0 and > 6% of Revenue
FCF/TA: 0.43 > 0.02 and ΔFCF/TA 62.92 > 1.0
NWC/Revenue: 45.12% < 20% (prev 47.89%; Δ -2.78% < -1%)
CFO/TA 0.44 > 3% & CFO 1.05b > Net Income -1.30b
Net Debt/EBITDA: error (EBITDA <= 0)
Current Ratio: 7.03 > 1.5 & < 3
Outstanding Shares: last quarter (766.5m) vs 12m ago 7.01% < -2%
Gross Margin: 7.76% > 18% (prev 0.08%; Δ 767.2% > 0.5%)
Asset Turnover: 158.0% > 50% (prev 164.8%; Δ -6.85% > 0%)
Interest Coverage Ratio: -8.92 > 6 (EBITDA TTM -1.13b / Interest Expense TTM 131.0m)
Altman Z'' -8.05
A: 0.82 (Total Current Assets 2.30b - Total Current Liabilities 327.0m) / Total Assets 2.41b
B: -2.09 (Retained Earnings -5.03b / Total Assets 2.41b)
C: -0.42 (EBIT TTM -1.17b / Avg Total Assets 2.77b)
D: -3.59 (Book Value of Equity -5.03b / Total Liabilities 1.40b)
Altman-Z'' Score: -8.05 = D
Beneish M
DSRI: none (Receivables none/6.00m, Revenue 4.37b/5.15b)
GMI: 1.08 (GM 7.76% / 8.40%)
AQI: 1.50 (AQ_t 0.03 / AQ_t-1 0.02)
SGI: 0.85 (Revenue 4.37b / 5.15b)
TATA: -0.98 (NI -1.30b - CFO 1.05b) / TA 2.41b)
Beneish M-Score: cannot calculate (missing components)
What is the price of OPEN shares? As of April 01, 2026, the stock is trading at USD 4.68 with a total of 28,284,943 shares traded.
Over the past week, the price has changed by -9.65%, over one month by -7.33%, over three months by -19.73% and over the past year by +358.82%.
Is OPEN a buy, sell or hold? Opendoor Technologies has received a consensus analysts rating of 3.00. Therefor, it is recommend to hold OPEN.
  • StrongBuy: 0
  • Buy: 2
  • Hold: 6
  • Sell: 2
  • StrongSell: 0
What are the forecasts/targets for the OPEN price?
ISSUER TARGET UP/DOWN
Wallstreet Target Price 4.3 -7.5%
Analysts Target Price 4.3 -7.5%
OPEN Fundamental Data Overview March 29, 2026
P/E Forward = 40.3226
P/S = 1.0524
P/B = 4.682
Revenue TTM = 4.37b USD
EBIT TTM = -1.17b USD
EBITDA TTM = -1.13b USD
Long Term Debt = 1.07b USD (from longTermDebt, last quarter)
Short Term Debt = 245.0m USD (from shortLongTermDebt, last quarter)
Debt = 193.0m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -769.0m USD (from netDebt column, last quarter)
Enterprise Value = 3.83b USD (4.60b + Debt 193.0m - CCE 962.0m)
Interest Coverage Ratio = -8.92 (Ebit TTM -1.17b / Interest Expense TTM 131.0m)
EV/FCF = 3.69x (Enterprise Value 3.83b / FCF TTM 1.04b)
FCF Yield = 27.07% (FCF TTM 1.04b / Enterprise Value 3.83b)
FCF Margin = 23.72% (FCF TTM 1.04b / Revenue TTM 4.37b)
Net Margin = -29.74% (Net Income TTM -1.30b / Revenue TTM 4.37b)
Gross Margin = 7.76% ((Revenue TTM 4.37b - Cost of Revenue TTM 4.03b) / Revenue TTM)
Gross Margin QoQ = 6.25% (prev 7.21%)
Tobins Q-Ratio = 1.59 (Enterprise Value 3.83b / Total Assets 2.41b)
Interest Expense / Debt = 14.51% (Interest Expense 28.0m / Debt 193.0m)
Taxrate = 21.0% (US default 21%)
NOPAT = -923.5m (EBIT -1.17b * (1 - 21.00%)) [loss with tax shield]
Current Ratio = 7.03 (Total Current Assets 2.30b / Total Current Liabilities 327.0m)
Debt / Equity = 0.19 (Debt 193.0m / totalStockholderEquity, last quarter 1.00b)
 Debt / EBITDA = 0.68 (negative EBITDA) (Net Debt -769.0m / EBITDA -1.13b)
 Debt / FCF = -0.74 (Net Debt -769.0m / FCF TTM 1.04b)
Total Stockholder Equity = 773.0m (last 4 quarters mean from totalStockholderEquity)
RoA = -46.99% (Net Income -1.30b / Total Assets 2.41b)
RoE = -168.2% (Net Income TTM -1.30b / Total Stockholder Equity 773.0m)
RoCE = -63.50% (EBIT -1.17b / Capital Employed (Equity 773.0m + L.T.Debt 1.07b))
 RoIC = -33.98% (negative operating profit) (NOPAT -923.5m / Invested Capital 2.72b)
 WACC = 15.18% (E(4.60b)/V(4.79b) * Re(15.34%) + D(193.0m)/V(4.79b) * Rd(14.51%) * (1-Tc(0.21)))
Discount Rate = 15.34% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 8.05%
[DCF] Terminal Value 45.53% ; FCFF base≈1.04b ; Y1≈680.8m ; Y5≈311.4m
[DCF] Fair Price = 3.78 (EV 2.85b - Net Debt -769.0m = Equity 3.62b / Shares 958.3m; r=15.18% [WACC]; 5y FCF grow -40.0% → 3.0% )
EPS Correlation: 49.10 | EPS CAGR: -3.17% | SUE: 2.21 | # QB: 2
Revenue Correlation: -83.86 | Revenue CAGR: -40.48% | SUE: 3.64 | # QB: 1
EPS next Quarter (2026-06-30): EPS=-0.04 | Chg7d=-0.002 | Chg30d=-0.002 | Revisions Net=+0 | Analysts=2
EPS current Year (2026-12-31): EPS=-0.17 | Chg7d=+0.049 | Chg30d=+0.049 | Revisions Net=+0 | Growth EPS=+34.4% | Growth Revenue=-3.1%
EPS next Year (2027-12-31): EPS=-0.05 | Chg7d=+0.030 | Chg30d=+0.030 | Revisions Net=+0 | Growth EPS=+69.7% | Growth Revenue=+56.9%
[Analyst] Revisions Ratio: +0.00 (1 Up / 1 Down within 30d for Next Quarter)
Additional Sources for OPEN Stock Fund Manager Positions: Dataroma · Stockcircle