OPEN Stock Analysis: Opendoor Technologies | NASDAQ
Real Estate Services | NASDAQ, USA | Market Cap: 1.923m USD | 12M Return: -76% | US6837121036 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 71.0M
Qual. Beats: 0
Rev. Trend: -83.0%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 6.3 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Opendoor Technologies Inc. (NASDAQ: OPEN) operates a digital, e-commerce-based platform that facilitates residential real estate transactions across the United States. The company functions as a direct buyer and reseller of homes, and complements its core iBuying model with ancillary services including real estate brokerage, title insurance and settlement, escrow, property and casualty insurance, and construction services.
The company was originally incorporated in 2013 as Social Capital Hedosophia Holdings Corp. II (a special purpose acquisition company, or SPAC) before taking Opendoor public through a business combination and adopting its current name. Headquartered in Tempe, Arizona, OPEN is classified within the GICS Real Estate sector and the Real Estate Development sub-industry, reflecting its position within the technology-driven residential real estate space.
- Home resale margins compress as mortgage rates surge
- iBuyer unit volume declines amid housing market cooldown
- Cash burn widens as operating losses persist
| Net Income: -1.52b TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.16 > 0.02 and ΔFCF/TA -33.59 > 1.0 |
| NWC/Revenue: 57.84% < 20% (prev 41.57%; Δ 16.26% < -1%) |
| CFO/TA -0.16 > 3% & CFO -459.0m > Net Income -1.52b |
| Net Debt/EBITDA: error (EBITDA <= 0) |
| Current Ratio: 2.94 > 1.5 & < 3 |
| Outstanding Shares: last quarter (965.8m) vs 12m ago 32.39% < -2% |
| Gross Margin: 8.30% > 18% (prev 8.05%; Δ 0.25% > 0.5%) |
| Asset Turnover: 110.9% > 50% (prev 178.2%; Δ -67.32% > 0%) |
| Interest Coverage Ratio: -12.34 > 6 (EBIT TTM -1.41b / Interest Expense TTM 114.0m) |
| A: 0.64 (Total Current Assets 2.85b - Total Current Liabilities 968.0m) / Total Assets 2.96b |
| B: -1.81 (Retained Earnings -5.37b / Total Assets 2.96b) |
| C: -0.48 (EBIT TTM -1.41b / Avg Total Assets 2.93b) |
| D: 0.45 (Book Value of Equity 914.0m / Total Liabilities 2.05b) |
| Altman-Z'' = -4.49 = D |
As of October 29, 2026, the stock is trading at USD 1.91 with a total of 28,522,485 shares traded. Over the past week, the price has changed by -2.05%, over one month by -21.40%, over three months by -51.52% and over the past year by -76.04%.
Current recommended Stop Loss: 1.70 (which is 11% or 1.3 ATR below the current price).
Opendoor Technologies has received a consensus analysts rating of 3.00. Therefore, it is recommended to hold OPEN.
- StrongBuy: 1
- Buy: 1
- Hold: 5
- Sell: 1
- StrongSell: 1
| Analysts Target Price | 4.3 | 123.6% |
P/E Forward = 64.1026
P/S = 0.5909
P/B = 9.4206
Revenue TTM = 3.25b USD
EBIT TTM = -1.41b USD
EBITDA TTM = -1.38b USD
Long Term Debt = 1.07b USD (from longTermDebt, last quarter)
Short Term Debt = 885.0m USD (from shortLongTermDebt, last quarter)
Debt = 1.96b USD (corrected: LT Debt 1.07b + ST Debt 885.0m) + Leases 8.00m
Net Debt = 1.07b USD (calculated: Debt 1.96b - CCE 896.0m)
Enterprise Value = 2.99b USD (1.92b + Debt 1.96b - CCE 896.0m)
Interest Coverage Ratio = -12.34 (Ebit TTM -1.41b / Interest Expense TTM 114.0m)
EV/FCF = -6.31x (Enterprise Value 2.99b / FCF TTM -474.0m)
FCF Yield = -15.85% (FCF TTM -474.0m / Enterprise Value 2.99b)
FCF Margin = -14.57% (FCF TTM -474.0m / Revenue TTM 3.25b)
Net Margin = -46.74% (Net Income TTM -1.52b / Revenue TTM 3.25b)
Gross Margin = 8.30% ((Revenue TTM 3.25b - Cost of Revenue TTM 2.98b) / Revenue TTM)
Gross Margin QoQ = 9.74% (prev 10.0%)
Tobins Q-Ratio = 1.01 (Enterprise Value 2.99b / Total Assets 2.96b)
Interest Expense / Debt = 5.80% (Interest Expense 114.0m / Debt 1.96b)
Taxrate = 21.0% (US federal default 21%)
NOPAT = -1.11b (EBIT -1.41b * (1 - 21.00%)) [loss with tax shield]
Current Ratio = 2.94 (Total Current Assets 2.85b / Total Current Liabilities 968.0m)
Debt / Equity = 2.15 (Debt 1.96b / totalStockholderEquity, last quarter 914.0m)
Debt / EBITDA = -0.78 (negative EBITDA) (Net Debt 1.07b / EBITDA -1.38b)
Debt / FCF = -2.25 (negative FCF - burning cash) (Net Debt 1.07b / FCF TTM -474.0m)
Total Stockholder Equity = 921.0m (last 4 quarters mean from totalStockholderEquity)
RoA = -51.84% (Net Income -1.52b / Total Assets 2.96b)
RoE = -165.1% (Net Income TTM -1.52b / Total Stockholder Equity 921.0m)
RoCE = -70.63% (EBIT -1.41b / Capital Employed (Equity 921.0m + L.T.Debt 1.07b))
RoIC = -60.73% (negative operating profit) (NOPAT -1.11b / Invested Capital 1.83b)
WACC = 8.60% (E(1.92b)/V(3.89b) * Re(12.71%) + D(1.96b)/V(3.89b) * Rd(5.80%) * (1-Tc(0.21)))
Discount Rate = 12.71% (= CAPM, Blume Beta Adj.) -> capped to 12.54%
Shares (quarterly) Correlation: 83.83 | Cagr: 16.69%
[DCF] Fair Price = unknown (Cash Flow -474.0m)
EPS Correlation: N/A | EPS CAGR: N/A | SUE: 0.0 | # QB: 0
Revenue Correlation: -82.98 | Revenue CAGR: -20.98% | SUE: -0.60 | # QB: 0
EPS current Quarter (2026-09-30): EPS=-0.05 | Chg30d=-22.75% | Revisions=-40% | Analysts=3
EPS current Year (2026-12-31): EPS=-0.19 | Chg30d=-16.34% | Revisions=-40% | GrowthEPS=+26.0% | GrowthRev=-12.4%
EPS next Year (2027-12-31): EPS=-0.02 | Chg30d=+50.12% | Revisions=-40% | GrowthEPS=+88.8% | GrowthRev=+90.3%
[Analyst] Revisions Ratio: -67% (up=0, down=6)