(OPEN) Opendoor Technologies - Ratings and Ratios
Homebuying, Home Selling, Real-Estate Platform, Brokerage, Title Services
EPS (Earnings per Share)
Revenue
Dividends
Currently no dividends paid| Risk via 5d forecast | |
|---|---|
| Volatility | 83.3% |
| Value at Risk 5%th | 125% |
| Relative Tail Risk | -8.93% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 1.48 |
| Alpha | 232.95 |
| CAGR/Max DD | 0.82 |
| Character TTM | |
|---|---|
| Hurst Exponent | 0.579 |
| Beta | 1.717 |
| Beta Downside | 1.629 |
| Drawdowns 3y | |
|---|---|
| Max DD | 90.28% |
| Mean DD | 47.65% |
| Median DD | 51.52% |
Description: OPEN Opendoor Technologies December 01, 2025
Opendoor Technologies Inc. (NASDAQ: OPEN) runs a digital platform that streamlines U.S. residential real-estate transactions by buying, selling, and facilitating listings through three core products: “Sell to Opendoor” (direct home purchases), “List with Opendoor” (MLS listings with cash offers), and the “Opendoor Marketplace” (matching sellers with institutional or retail buyers). The firm also bundles brokerage, title, escrow, insurance, licensing, and construction services to create an end-to-end transaction ecosystem.
Founded in 2013 and headquartered in Tempe, Arizona, Opendoor rebranded from Social Capital Hedosophia Holdings Corp. II. It operates within the Real Estate Development sub-industry of the GICS classification, and its business model is classified as an “iBuyer”-a company that uses data-driven pricing algorithms to acquire homes for rapid resale.
Key recent metrics (as of FY 2023) include: revenue of roughly $2.3 billion, a gross profit margin of about 15 %, and a net loss of $210 million, reflecting ongoing investment in inventory and technology. The company’s inventory turnover averaged 5.2 months, and its cash-on-hand was $1.1 billion, giving it the liquidity to weather the current high-interest-rate environment. Opendoor’s performance is highly sensitive to mortgage rates (which affect buyer demand) and to housing supply dynamics, especially the pace of new-home construction and existing-home inventory levels.
Industry-wide, iBuyer activity has contracted 30 % year-over-year in 2024 due to tighter credit conditions, but firms that can maintain low acquisition costs and high resale speed continue to capture a disproportionate share of the market’s upside.
For a deeper quantitative comparison of Opendoor’s valuation metrics, you might explore the analysis on ValueRay.
Piotroski VR‑10 (Strict, 0-10) 4.5
| Net Income (-317.0m TTM) > 0 and > 6% of Revenue (6% = 283.1m TTM) |
| FCFTA 0.33 (>2.0%) and ΔFCFTA 64.75pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue 35.45% (prev 51.47%; Δ -16.02pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA 0.33 (>3.0%) and CFO 899.0m > Net Income -317.0m (YES >=105%, WARN >=100%) |
| NO Net Debt/EBITDA fails (EBITDA <= 0) |
| Current Ratio 2.83 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (741.9m) change vs 12m ago 5.19% (target <= -2.0% for YES) |
| Gross Margin 8.01% (prev 8.50%; Δ -0.49pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 154.4% (prev 144.8%; Δ 9.65pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio -1.29 (EBITDA TTM -134.0m / Interest Expense TTM 135.0m) >= 6 (WARN >= 3) |
Altman Z'' -3.25
| (A) 0.62 = (Total Current Assets 2.59b - Total Current Liabilities 914.0m) / Total Assets 2.70b |
| (B) -1.46 = Retained Earnings (Balance) -3.93b / Total Assets 2.70b |
| warn (B) unusual magnitude: -1.46 — check mapping/units |
| (C) -0.06 = EBIT TTM -174.0m / Avg Total Assets 3.06b |
| (D) -2.08 = Book Value of Equity -3.93b / Total Liabilities 1.89b |
| Total Rating: -3.25 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 39.19
| 1. Piotroski 4.50pt |
| 2. FCF Yield 16.23% |
| 3. FCF Margin 18.80% |
| 4. Debt/Equity 0.54 |
| 5. Debt/Ebitda 3.90 |
| 6. ROIC - WACC (= -18.12)% |
| 7. RoE -45.29% |
| 8. Rev. Trend -83.07% |
| 9. EPS Trend 27.20% |
What is the price of OPEN shares?
Over the past week, the price has changed by -6.39%, over one month by -21.95%, over three months by -26.71% and over the past year by +273.29%.
Is OPEN a buy, sell or hold?
- Strong Buy: 0
- Buy: 2
- Hold: 6
- Sell: 2
- Strong Sell: 0
What are the forecasts/targets for the OPEN price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 3 | -50.2% |
| Analysts Target Price | 3 | -50.2% |
| ValueRay Target Price | 4 | -32.9% |
OPEN Fundamental Data Overview December 27, 2025
P/E Forward = 40.3226
P/S = 1.2693
P/B = 7.3857
Beta = 3.594
Revenue TTM = 4.72b USD
EBIT TTM = -174.0m USD
EBITDA TTM = -134.0m USD
Long Term Debt = 966.0m USD (from longTermDebt, last quarter)
Short Term Debt = 813.0m USD (from shortLongTermDebt, last quarter)
Debt = 439.0m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -523.0m USD (from netDebt column, last quarter)
Enterprise Value = 5.47b USD (5.99b + Debt 439.0m - CCE 962.0m)
Interest Coverage Ratio = -1.29 (Ebit TTM -174.0m / Interest Expense TTM 135.0m)
FCF Yield = 16.23% (FCF TTM 887.0m / Enterprise Value 5.47b)
FCF Margin = 18.80% (FCF TTM 887.0m / Revenue TTM 4.72b)
Net Margin = -6.72% (Net Income TTM -317.0m / Revenue TTM 4.72b)
Gross Margin = 8.01% ((Revenue TTM 4.72b - Cost of Revenue TTM 4.34b) / Revenue TTM)
Gross Margin QoQ = 7.21% (prev 8.17%)
Tobins Q-Ratio = 2.02 (Enterprise Value 5.47b / Total Assets 2.70b)
Interest Expense / Debt = 7.74% (Interest Expense 34.0m / Debt 439.0m)
Taxrate = -1.12% (negative due to tax credits) (1.00m / -89.0m)
NOPAT = -176.0m (EBIT -174.0m * (1 - -1.12%)) [loss with tax shield] [negative tax rate / tax credits]
Current Ratio = 2.83 (Total Current Assets 2.59b / Total Current Liabilities 914.0m)
Debt / Equity = 0.54 (Debt 439.0m / totalStockholderEquity, last quarter 811.0m)
Debt / EBITDA = 3.90 (negative EBITDA) (Net Debt -523.0m / EBITDA -134.0m)
Debt / FCF = -0.59 (Net Debt -523.0m / FCF TTM 887.0m)
Total Stockholder Equity = 700.0m (last 4 quarters mean from totalStockholderEquity)
RoA = -11.74% (Net Income -317.0m / Total Assets 2.70b)
RoE = -45.29% (Net Income TTM -317.0m / Total Stockholder Equity 700.0m)
RoCE = -10.44% (EBIT -174.0m / Capital Employed (Equity 700.0m + L.T.Debt 966.0m))
RoIC = -6.08% (negative operating profit) (NOPAT -176.0m / Invested Capital 2.89b)
WACC = 12.03% (E(5.99b)/V(6.43b) * Re(12.34%) + D(439.0m)/V(6.43b) * Rd(7.74%) * (1-Tc(-0.01)))
Discount Rate = 12.34% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 5.02%
[DCF Debug] Terminal Value 53.82% ; FCFE base≈887.0m ; Y1≈582.4m ; Y5≈266.3m
Fair Price DCF = 3.20 (DCF Value 3.05b / Shares Outstanding 953.8m; 5y FCF grow -40.0% → 3.0% )
EPS Correlation: 27.20 | EPS CAGR: 3.62% | SUE: -1.91 | # QB: 0
Revenue Correlation: -83.07 | Revenue CAGR: -31.70% | SUE: 0.63 | # QB: 0
EPS next Quarter (2026-03-31): EPS=-0.08 | Chg30d=+0.000 | Revisions Net=+0 | Analysts=3
EPS next Year (2026-12-31): EPS=-0.21 | Chg30d=+0.002 | Revisions Net=+1 | Growth EPS=+21.3% | Growth Revenue=+14.8%
Additional Sources for OPEN Stock
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle