OPEN Stock Analysis: Opendoor Technologies | NASDAQ
Real Estate Services | NASDAQ, USA | Market Cap: 4.621m USD | 12M Return: 397.8% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 276M
Qual. Beats: 0
Rev. Trend: -81.7%
Qual. Beats: 2
Warnings
Tailwinds
Seasonality 6 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) is a U.S. digital real estate platform that buys and resells homes directly to buyers through its online e-commerce interface, offering an end-to-end service that also includes brokerage, title insurance and settlement, escrow, property and casualty insurance, real estate licensing, and construction services. Founded in 2013 and headquartered in Tempe, Arizona, the company is classified within the GICS Real Estate sector (Real Estate Development sub-industry) and went public via SPAC merger in 2020.
The company operates within the iBuying segment of the PropTech industry, where firms use algorithmic pricing and online workflows to make instant cash offers on homes, hold inventory briefly, and resell-differentiating its model from traditional brokerage-based real estate transactions.
- Mortgage rate spikes erode iBuyer home flipping margins
- Home inventory growth pressures Opendoor resale spreads
- Path to profitability timeline scrutinized as cash burn persists
| Net Income: -1.39b TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.46 > 0.02 and ΔFCF/TA -38.98 > 1.0 |
| NWC/Revenue: 48.88% < 20% (prev 40.96%; Δ 7.93% < -1%) |
| CFO/TA 0.46 > 3% & CFO 1.08b > Net Income -1.39b |
| Net Debt/EBITDA: error (EBITDA <= 0) |
| Current Ratio: 7.07 > 1.5 & < 3 |
| Outstanding Shares: last quarter (959.3m) vs 12m ago 32.59% < -2% |
| Gross Margin: 7.92% > 18% (prev 8.16%; Δ -0.23% > 0.5%) |
| Asset Turnover: 140.0% > 50% (prev 156.4%; Δ -16.40% > 0%) |
| Interest Coverage Ratio: -10.47 > 6 (EBIT TTM -1.27b / Interest Expense TTM 121.0m) |
| A: 0.82 (Total Current Assets 2.24b - Total Current Liabilities 317.0m) / Total Assets 2.35b |
| B: -2.22 (Retained Earnings -5.21b / Total Assets 2.35b) |
| C: -0.45 (EBIT TTM -1.27b / Avg Total Assets 2.81b) |
| D: 0.68 (Book Value of Equity 954.0m / Total Liabilities 1.40b) |
| Altman-Z'' = -4.16 = D |
As of July 14, 2026, the stock is trading at USD 4.49 with a total of 62,053,386 shares traded. Over the past week, the price has changed by -11.89%, over one month by -2.71%, over three months by +2.87% and over the past year by +397.78%.
Current recommended Stop Loss: 3.80 (which is 15.4% or 1.7 ATR below the current price).
Opendoor Technologies has received a consensus analysts rating of 3.00. Therefore, it is recommended to hold OPEN.
- StrongBuy: 0
- Buy: 2
- Hold: 6
- Sell: 2
- StrongSell: 0
| Analysts Target Price | 4.8 | 7.3% |
P/E Forward = 40.3226
P/S = 1.1735
P/B = 4.9551
Revenue TTM = 3.94b USD
EBIT TTM = -1.27b USD
EBITDA TTM = -1.23b USD
Long Term Debt = 1.07b USD (from longTermDebt, last quarter)
Short Term Debt = 261.0m USD (from shortLongTermDebt, last quarter)
Debt = 1.34b USD (corrected: LT Debt 1.07b + ST Debt 261.0m) + Leases 7.00m
Net Debt = 339.0m USD (calculated: Debt 1.34b - CCE 999.0m)
Enterprise Value = 4.96b USD (4.62b + Debt 1.34b - CCE 999.0m)
Interest Coverage Ratio = -10.47 (Ebit TTM -1.27b / Interest Expense TTM 121.0m)
EV/FCF = -4.54x (Enterprise Value 4.96b / FCF TTM -1.09b)
FCF Yield = -22.02% (FCF TTM -1.09b / Enterprise Value 4.96b)
FCF Margin = -27.73% (FCF TTM -1.09b / Revenue TTM 3.94b)
Net Margin = -35.25% (Net Income TTM -1.39b / Revenue TTM 3.94b)
Gross Margin = 7.92% ((Revenue TTM 3.94b - Cost of Revenue TTM 3.63b) / Revenue TTM)
Gross Margin QoQ = 10.0% (prev 6.25%)
Tobins Q-Ratio = 2.11 (Enterprise Value 4.96b / Total Assets 2.35b)
Interest Expense / Debt = 9.04% (Interest Expense 121.0m / Debt 1.34b)
Taxrate = 21.0% (US federal default 21%)
NOPAT = -1.00b (EBIT -1.27b * (1 - 21.00%)) [loss with tax shield]
Current Ratio = 6.06 (Total Current Assets 2.24b / Total Current Liabilities 370.0m)
Debt / Equity = 1.40 (Debt 1.34b / totalStockholderEquity, last quarter 954.0m)
Debt / EBITDA = -0.28 (negative EBITDA) (Net Debt 339.0m / EBITDA -1.23b)
Debt / FCF = -0.31 (negative FCF - burning cash) (Net Debt 339.0m / FCF TTM -1.09b)
Total Stockholder Equity = 850.2m (last 4 quarters mean from totalStockholderEquity)
RoA = -49.34% (Net Income -1.39b / Total Assets 2.35b)
RoE = -163.2% (Net Income TTM -1.39b / Total Stockholder Equity 850.2m)
RoCE = -65.98% (EBIT -1.27b / Capital Employed (Equity 850.2m + L.T.Debt 1.07b))
RoIC = -54.54% (negative operating profit) (NOPAT -1.00b / Invested Capital 1.84b)
WACC = 12.96% (E(4.62b)/V(5.96b) * Re(14.65%) + D(1.34b)/V(5.96b) * Rd(9.04%) * (1-Tc(0.21)))
Discount Rate = 14.65% (= CAPM, Blume Beta Adj.) -> capped to 13.17%
Shares (quarterly) Correlation: 100.00 | Cagr: 17.09%
[DCF] Fair Price = unknown (Cash Flow -1.09b)
EPS Correlation: N/A | EPS CAGR: N/A | SUE: 0.53 | # QB: 0
Revenue Correlation: -81.69 | Revenue CAGR: -24.58% | SUE: 1.12 | # QB: 2
EPS current Quarter (2026-06-30): EPS=-0.03 | Chg30d=N/A | Revisions=+40% | Analysts=4
EPS next Quarter (2026-09-30): EPS=-0.02 | Chg30d=N/A | Revisions=+40% | Analysts=4
EPS current Year (2026-12-31): EPS=-0.14 | Chg30d=+13.86% | Revisions=+40% | GrowthEPS=+43.5% | GrowthRev=-11.1%
EPS next Year (2027-12-31): EPS=-0.01 | Chg30d=+76.63% | Revisions=+40% | GrowthEPS=+91.8% | GrowthRev=+75.1%
[Analyst] Revisions Ratio: +73% (up=8, down=0)