OPENDOOR TECHNOLOGIES INC (OPEN) Fundamental Analysis & Valuation

NASDAQ:OPEN • US6837121036

4.95 USD
+0.11 (+2.27%)
At close: Mar 13, 2026
4.89 USD
-0.06 (-1.21%)
After Hours: 3/13/2026, 8:00:02 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership News

This OPEN fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

3

Overall OPEN gets a fundamental rating of 3 out of 10. We evaluated OPEN against 62 industry peers in the Real Estate Management & Development industry. OPEN scores quite bad on profitability, while its financial health is fine. Not spectacular, but in line with the averages. OPEN is quite expensive at the moment. It does show a decent growth rate.


Dividend Valuation Growth Profitability Health

1

1. OPEN Profitability Analysis

1.1 Basic Checks

  • In the past year OPEN has reported negative net income.
  • In the past year OPEN had a positive cash flow from operations.
  • OPEN had negative earnings in each of the past 5 years.
  • The reported operating cash flow has been mixed in the past 5 years: OPEN reported negative operating cash flow in multiple years.
OPEN Yearly Net Income VS EBIT VS OCF VS FCFOPEN Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 2B -2B -4B

1.2 Ratios

  • OPEN has a worse Return On Assets (-54.01%) than 87.10% of its industry peers.
  • Looking at the Return On Equity, with a value of -129.35%, OPEN is doing worse than 82.26% of the companies in the same industry.
Industry RankSector Rank
ROA -54.01%
ROE -129.35%
ROIC N/A
ROA(3y)-24.75%
ROA(5y)-20.34%
ROE(3y)-70.92%
ROE(5y)-73.36%
ROIC(3y)N/A
ROIC(5y)N/A
OPEN Yearly ROA, ROE, ROICOPEN Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 -20 -40 -60 -80 -100

1.3 Margins

  • The Gross Margin of OPEN (8.01%) is worse than 70.97% of its industry peers.
  • OPEN's Gross Margin has been stable in the last couple of years.
  • The Profit Margin and Operating Margin are not available for OPEN so they could not be analyzed.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM 8.01%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y23.17%
GM growth 5Y-1.41%
OPEN Yearly Profit, Operating, Gross MarginsOPEN Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 -10 -20

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6

2. OPEN Health Analysis

2.1 Basic Checks

  • OPEN does not have a ROIC to compare to the WACC, probably because it is not profitable.
  • The number of shares outstanding for OPEN has been increased compared to 1 year ago.
  • The number of shares outstanding for OPEN has been increased compared to 5 years ago.
  • The debt/assets ratio for OPEN has been reduced compared to a year ago.
OPEN Yearly Shares OutstandingOPEN Yearly Shares OutstandingYearly Shares Outstanding 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M
OPEN Yearly Total Debt VS Total AssetsOPEN Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B 8B

2.2 Solvency

  • Based on the Altman-Z score of 1.48, we must say that OPEN is in the distress zone and has some risk of bankruptcy.
  • OPEN has a Altman-Z score (1.48) which is in line with its industry peers.
  • OPEN has a debt to FCF ratio of 1.27. This is a very positive value and a sign of high solvency as it would only need 1.27 years to pay back of all of its debts.
  • OPEN's Debt to FCF ratio of 1.27 is amongst the best of the industry. OPEN outperforms 87.10% of its industry peers.
  • OPEN has a Debt/Equity ratio of 1.06. This is a high value indicating a heavy dependency on external financing.
  • OPEN has a worse Debt to Equity ratio (1.06) than 64.52% of its industry peers.
  • Although OPEN's pure debt/equity ratio does not look good, it has limited outstanding debt compared to the Free Cash Flow. We will not put too much weight on the debt/equity number as it may be because of low equity, which could be a consequence of a share buyback program for instance. This needs to be investigated.
Industry RankSector Rank
Debt/Equity 1.06
Debt/FCF 1.27
Altman-Z 1.48
ROIC/WACCN/A
WACC8.39%
OPEN Yearly LT Debt VS Equity VS FCFOPEN Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 2B -2B -4B

2.3 Liquidity

  • A Current Ratio of 7.03 indicates that OPEN has no problem at all paying its short term obligations.
  • With an excellent Current ratio value of 7.03, OPEN belongs to the best of the industry, outperforming 90.32% of the companies in the same industry.
  • OPEN has a Quick Ratio of 4.20. This indicates that OPEN is financially healthy and has no problem in meeting its short term obligations.
  • OPEN has a better Quick ratio (4.20) than 83.87% of its industry peers.
Industry RankSector Rank
Current Ratio 7.03
Quick Ratio 4.2
OPEN Yearly Current Assets VS Current LiabilitesOPEN Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B 8B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

5

3. OPEN Growth Analysis

3.1 Past

  • OPEN shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -289.73%.
  • Looking at the last year, OPEN shows a very negative growth in Revenue. The Revenue has decreased by -15.18% in the last year.
  • The Revenue has been growing by 11.09% on average over the past years. This is quite good.
EPS 1Y (TTM)-289.73%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-1045.45%
Revenue 1Y (TTM)-15.18%
Revenue growth 3Y-34.52%
Revenue growth 5Y11.09%
Sales Q2Q%-32.1%

3.2 Future

  • OPEN is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 24.67% yearly.
  • OPEN is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 17.58% yearly.
EPS Next Y85.62%
EPS Next 2Y39.85%
EPS Next 3Y26.29%
EPS Next 5Y24.67%
Revenue Next Year4.4%
Revenue Next 2Y26.73%
Revenue Next 3Y23.11%
Revenue Next 5Y17.58%

3.3 Evolution

  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
OPEN Yearly Revenue VS EstimatesOPEN Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 5B 10B 15B
OPEN Yearly EPS VS EstimatesOPEN Yearly EPS VS EstimatesYearly EPS VS Estimates 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 0 1 -1 -2

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2

4. OPEN Valuation Analysis

4.1 Price/Earnings Ratio

  • OPEN reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
  • Also next year OPEN is expected to report negative earnings again, which makes the also the Forward Price/Earnings Ratio negative.
Industry RankSector Rank
PE N/A
Fwd PE N/A
OPEN Price Earnings VS Forward Price EarningsOPEN Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 10 -10 20 -20

4.2 Price Multiples

  • Based on the Price/Free Cash Flow ratio, OPEN is valued cheaply inside the industry as 93.55% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 4.57
EV/EBITDA N/A
OPEN Per share dataOPEN EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 2 4

4.3 Compensation for Growth

  • OPEN's earnings are expected to grow with 26.29% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y39.85%
EPS Next 3Y26.29%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

0

5. OPEN Dividend Analysis

5.1 Amount

  • No dividends for OPEN!.
Industry RankSector Rank
Dividend Yield 0%

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Find the best dividend stocksShow peers with best dividend

OPEN Fundamentals: All Metrics, Ratios and Statistics

OPENDOOR TECHNOLOGIES INC

NASDAQ:OPEN (3/13/2026, 8:00:02 PM)

After market: 4.89 -0.06 (-1.21%)

4.95

+0.11 (+2.27%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryReal Estate Management & Development
Earnings (Last)02-19
Earnings (Next)05-04
Inst Owners43.63%
Inst Owner Change32.19%
Ins Owners12.11%
Ins Owner Change67.2%
Market Cap4.74B
Revenue(TTM)4.37B
Net Income(TTM)-1.30B
Analysts52.86
Price Target4.81 (-2.83%)
Short Float %16.83%
Short Ratio2.42
Dividend
Industry RankSector Rank
Dividend Yield 0%
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-606.83%
Min EPS beat(2)-1200.31%
Max EPS beat(2)-13.34%
EPS beat(4)2
Avg EPS beat(4)-294.35%
Min EPS beat(4)-1200.31%
Max EPS beat(4)21.57%
EPS beat(8)6
Avg EPS beat(8)-131.12%
EPS beat(12)10
Avg EPS beat(12)-80.62%
EPS beat(16)13
Avg EPS beat(16)-42.31%
Revenue beat(2)2
Avg Revenue beat(2)13.53%
Min Revenue beat(2)5.59%
Max Revenue beat(2)21.47%
Revenue beat(4)4
Avg Revenue beat(4)9.01%
Min Revenue beat(4)2.22%
Max Revenue beat(4)21.47%
Revenue beat(8)8
Avg Revenue beat(8)7.19%
Revenue beat(12)11
Avg Revenue beat(12)6.24%
Revenue beat(16)14
Avg Revenue beat(16)7.99%
PT rev (1m)11.47%
PT rev (3m)65.28%
EPS NQ rev (1m)8.7%
EPS NQ rev (3m)8.7%
EPS NY rev (1m)5.87%
EPS NY rev (3m)5.43%
Revenue NQ rev (1m)-35.18%
Revenue NQ rev (3m)-37.5%
Revenue NY rev (1m)-15.05%
Revenue NY rev (3m)-10.37%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 1.09
P/FCF 4.57
P/OCF 4.52
P/B 4.72
P/tB 4.73
EV/EBITDA N/A
EPS(TTM)-1.44
EYN/A
EPS(NY)-0.21
Fwd EYN/A
FCF(TTM)1.08
FCFY21.86%
OCF(TTM)1.09
OCFY22.11%
SpS4.56
BVpS1.05
TBVpS1.05
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA -54.01%
ROE -129.35%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 8.01%
FCFM 23.72%
ROA(3y)-24.75%
ROA(5y)-20.34%
ROE(3y)-70.92%
ROE(5y)-73.36%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y23.17%
GM growth 5Y-1.41%
F-Score5
Asset Turnover1.82
Health
Industry RankSector Rank
Debt/Equity 1.06
Debt/FCF 1.27
Debt/EBITDA N/A
Cap/Depr 27.27%
Cap/Sales 0.27%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 7.03
Quick Ratio 4.2
Altman-Z 1.48
F-Score5
WACC8.39%
ROIC/WACCN/A
Cap/Depr(3y)45.43%
Cap/Depr(5y)50.64%
Cap/Sales(3y)0.43%
Cap/Sales(5y)0.39%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-289.73%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-1045.45%
EPS Next Y85.62%
EPS Next 2Y39.85%
EPS Next 3Y26.29%
EPS Next 5Y24.67%
Revenue 1Y (TTM)-15.18%
Revenue growth 3Y-34.52%
Revenue growth 5Y11.09%
Sales Q2Q%-32.1%
Revenue Next Year4.4%
Revenue Next 2Y26.73%
Revenue Next 3Y23.11%
Revenue Next 5Y17.58%
EBIT growth 1Y7.77%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year74.92%
EBIT Next 3Y45.72%
EBIT Next 5Y19.69%
FCF growth 1Y267.26%
FCF growth 3Y14.38%
FCF growth 5Y9.31%
OCF growth 1Y276.3%
OCF growth 3Y12.85%
OCF growth 5Y9%

OPENDOOR TECHNOLOGIES INC / OPEN FAQ

What is the ChartMill fundamental rating of OPENDOOR TECHNOLOGIES INC (OPEN) stock?

ChartMill assigns a fundamental rating of 3 / 10 to OPEN.


What is the valuation status of OPENDOOR TECHNOLOGIES INC (OPEN) stock?

ChartMill assigns a valuation rating of 2 / 10 to OPENDOOR TECHNOLOGIES INC (OPEN). This can be considered as Overvalued.


How profitable is OPENDOOR TECHNOLOGIES INC (OPEN) stock?

OPENDOOR TECHNOLOGIES INC (OPEN) has a profitability rating of 1 / 10.