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OPENDOOR TECHNOLOGIES INC (OPEN) Stock Fundamental Analysis

USA - NASDAQ:OPEN - US6837121036 - Common Stock

9.07 USD
-1.45 (-13.78%)
Last: 9/12/2025, 8:06:10 PM
9.17 USD
+0.1 (+1.1%)
After Hours: 9/12/2025, 8:06:10 PM
Fundamental Rating

3

Taking everything into account, OPEN scores 3 out of 10 in our fundamental rating. OPEN was compared to 63 industry peers in the Real Estate Management & Development industry. While OPEN seems to be doing ok healthwise, there are quite some concerns on its profitability. OPEN is valied quite expensively at the moment, while it does show a decent growth rate.


Dividend Valuation Growth Profitability Health

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1

1. Profitability

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.
In the past 5 years OPEN always reported negative net income.
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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 2B -2B -4B

1.2 Ratios

The Return On Assets of OPEN (-10.49%) is worse than 68.25% of its industry peers.
OPEN has a Return On Equity of -48.34%. This is in the lower half of the industry: OPEN underperforms 68.25% of its industry peers.
Industry RankSector Rank
ROA -10.49%
ROE -48.34%
ROIC N/A
ROA(3y)-13.57%
ROA(5y)-11.86%
ROE(3y)-69.33%
ROE(5y)-50.65%
ROIC(3y)N/A
ROIC(5y)N/A
OPEN Yearly ROA, ROE, ROICOPEN Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 -20 -40 -60 -80 -100

1.3 Margins

Looking at the Gross Margin, with a value of 8.05%, OPEN is doing worse than 69.84% of the companies in the same industry.
In the last couple of years the Gross Margin of OPEN has grown nicely.
OPEN does not have Profit Margin and Operating Margin available, so we won't be analyzing them here.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM 8.05%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-2.63%
GM growth 5Y5.77%
OPEN Yearly Profit, Operating, Gross MarginsOPEN Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -10 -20

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5

2. Health

2.1 Basic Checks

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

2.2 Solvency

An Altman-Z score of 2.64 indicates that OPEN is not a great score, but indicates only limited risk for bankruptcy at the moment.
OPEN has a Altman-Z score of 2.64. This is in the better half of the industry: OPEN outperforms 63.49% of its industry peers.
OPEN has a debt to FCF ratio of 4.26. This is a neutral value as OPEN would need 4.26 years to pay back of all of its debts.
With a decent Debt to FCF ratio value of 4.26, OPEN is doing good in the industry, outperforming 79.37% of the companies in the same industry.
A Debt/Equity ratio of 2.58 is on the high side and indicates that OPEN has dependencies on debt financing.
The Debt to Equity ratio of OPEN (2.58) is worse than 76.19% of its industry peers.
Industry RankSector Rank
Debt/Equity 2.58
Debt/FCF 4.26
Altman-Z 2.64
ROIC/WACCN/A
WACC8.96%
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 0 2B -2B -4B

2.3 Liquidity

OPEN has a Current Ratio of 4.35. This indicates that OPEN is financially healthy and has no problem in meeting its short term obligations.
OPEN's Current ratio of 4.35 is amongst the best of the industry. OPEN outperforms 85.71% of its industry peers.
OPEN has a Quick Ratio of 1.97. This is a normal value and indicates that OPEN is financially healthy and should not expect problems in meeting its short term obligations.
OPEN has a Quick ratio of 1.97. This is in the better half of the industry: OPEN outperforms 68.25% of its industry peers.
Industry RankSector Rank
Current Ratio 4.35
Quick Ratio 1.97
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 2B 4B 6B 8B

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5

3. Growth

3.1 Past

OPEN shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 23.90%, which is quite impressive.
The Revenue has grown by 14.07% in the past year. This is quite good.
The Revenue has been growing slightly by 1.68% on average over the past years.
EPS 1Y (TTM)23.9%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%70%
Revenue 1Y (TTM)14.07%
Revenue growth 3Y-13.71%
Revenue growth 5Y1.68%
Sales Q2Q%3.71%

3.2 Future

Based on estimates for the next years, OPEN will show a very strong growth in Earnings Per Share. The EPS will grow by 39.49% on average per year.
OPEN is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 12.39% yearly.
EPS Next Y29.61%
EPS Next 2Y14.55%
EPS Next 3Y14.89%
EPS Next 5Y39.49%
Revenue Next Year-19.69%
Revenue Next 2Y-12.41%
Revenue Next 3Y-2.71%
Revenue Next 5Y12.39%

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. Valuation

4.1 Price/Earnings Ratio

OPEN reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
Besides the negative Price/Earnings Ratio, also the Forward Price/Earnings Ratio is negative for OPEN. No positive earnings are expected for the next year.
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 20 -20

4.2 Price Multiples

87.30% of the companies in the same industry are more expensive than OPEN, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 13.06
EV/EBITDA N/A
OPEN Per share dataOPEN EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 2 4 6

4.3 Compensation for Growth

OPEN's earnings are expected to grow with 14.89% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y14.55%
EPS Next 3Y14.89%

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0

5. Dividend

5.1 Amount

No dividends for OPEN!.
Industry RankSector Rank
Dividend Yield N/A

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OPENDOOR TECHNOLOGIES INC

NASDAQ:OPEN (9/12/2025, 8:06:10 PM)

After market: 9.17 +0.1 (+1.1%)

9.07

-1.45 (-13.78%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryReal Estate Management & Development
Earnings (Last)08-05 2025-08-05/amc
Earnings (Next)11-05 2025-11-05/amc
Inst Owners45.75%
Inst Owner Change-5.84%
Ins Owners3.95%
Ins Owner Change-0.79%
Market Cap6.68B
Analysts48.75
Price Target1.27 (-86%)
Short Float %23.89%
Short Ratio0.54
Dividend
Industry RankSector Rank
Dividend Yield N/A
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)2
Avg EPS beat(2)18.12%
Min EPS beat(2)14.67%
Max EPS beat(2)21.57%
EPS beat(4)4
Avg EPS beat(4)20.56%
Min EPS beat(4)14.67%
Max EPS beat(4)24.97%
EPS beat(8)8
Avg EPS beat(8)27.36%
EPS beat(12)11
Avg EPS beat(12)15.27%
EPS beat(16)14
Avg EPS beat(16)33.17%
Revenue beat(2)2
Avg Revenue beat(2)4.49%
Min Revenue beat(2)2.22%
Max Revenue beat(2)6.76%
Revenue beat(4)4
Avg Revenue beat(4)5.93%
Min Revenue beat(4)2.22%
Max Revenue beat(4)8.18%
Revenue beat(8)7
Avg Revenue beat(8)3.51%
Revenue beat(12)11
Avg Revenue beat(12)7.07%
Revenue beat(16)14
Avg Revenue beat(16)8.09%
PT rev (1m)-0.77%
PT rev (3m)7.69%
EPS NQ rev (1m)-62.67%
EPS NQ rev (3m)-1.5%
EPS NY rev (1m)-29.61%
EPS NY rev (3m)-29.61%
Revenue NQ rev (1m)-26.44%
Revenue NQ rev (3m)-46.64%
Revenue NY rev (1m)-16.83%
Revenue NY rev (3m)-17.66%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 1.29
P/FCF 13.06
P/OCF 12.69
P/B 10.58
P/tB 10.63
EV/EBITDA N/A
EPS(TTM)-0.31
EYN/A
EPS(NY)-0.25
Fwd EYN/A
FCF(TTM)0.69
FCFY7.66%
OCF(TTM)0.71
OCFY7.88%
SpS7.04
BVpS0.86
TBVpS0.85
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -10.49%
ROE -48.34%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 8.05%
FCFM 9.86%
ROA(3y)-13.57%
ROA(5y)-11.86%
ROE(3y)-69.33%
ROE(5y)-50.65%
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
ROICexcg growth 3YN/A
ROICexcg 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 3Y-2.63%
GM growth 5Y5.77%
F-Score5
Asset Turnover1.78
Health
Industry RankSector Rank
Debt/Equity 2.58
Debt/FCF 4.26
Debt/EBITDA N/A
Cap/Depr 30%
Cap/Sales 0.29%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 4.35
Quick Ratio 1.97
Altman-Z 2.64
F-Score5
WACC8.96%
ROIC/WACCN/A
Cap/Depr(3y)47.71%
Cap/Depr(5y)52.06%
Cap/Sales(3y)0.42%
Cap/Sales(5y)0.47%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)23.9%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%70%
EPS Next Y29.61%
EPS Next 2Y14.55%
EPS Next 3Y14.89%
EPS Next 5Y39.49%
Revenue 1Y (TTM)14.07%
Revenue growth 3Y-13.71%
Revenue growth 5Y1.68%
Sales Q2Q%3.71%
Revenue Next Year-19.69%
Revenue Next 2Y-12.41%
Revenue Next 3Y-2.71%
Revenue Next 5Y12.39%
EBIT growth 1Y41.89%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year88%
EBIT Next 3Y26.96%
EBIT Next 5Y17.19%
FCF growth 1Y-87.66%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-87.4%
OCF growth 3YN/A
OCF growth 5YN/A