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OPENDOOR TECHNOLOGIES INC (OPEN) Stock Fundamental Analysis

USA - NASDAQ:OPEN - US6837121036 - Common Stock

8.185 USD
+0.18 (+2.18%)
Last: 10/3/2025, 2:41:09 PM
Fundamental Rating

3

Taking everything into account, OPEN scores 3 out of 10 in our fundamental rating. OPEN was compared to 64 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 quite expensive at the moment. It does show a decent growth rate.


Dividend Valuation Growth Profitability Health

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1

1. Profitability

1.1 Basic Checks

OPEN had negative earnings in the past year.
OPEN had a positive operating cash flow in the past year.
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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 2B -2B -4B

1.2 Ratios

Looking at the Return On Assets, with a value of -10.49%, OPEN is doing worse than 68.75% of the companies in the same industry.
OPEN has a Return On Equity of -48.34%. This is in the lower half of the industry: OPEN underperforms 68.75% 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

OPEN's Gross Margin of 8.05% is on the low side compared to the rest of the industry. OPEN is outperformed by 70.31% of its industry peers.
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.
OPEN has more shares outstanding than it did 1 year ago.
OPEN has more shares outstanding than it did 5 years ago.
The debt/assets ratio for OPEN is higher compared to a year ago.
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 2.15 indicates that OPEN is not a great score, but indicates only limited risk for bankruptcy at the moment.
The Altman-Z score of OPEN (2.15) is better than 64.06% of its industry peers.
The Debt to FCF ratio of OPEN is 4.26, which is a neutral value as it means it would take OPEN, 4.26 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 4.26, OPEN is in the better half of the industry, outperforming 79.69% 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.
Looking at the Debt to Equity ratio, with a value of 2.58, OPEN is doing worse than 76.56% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 2.58
Debt/FCF 4.26
Altman-Z 2.15
ROIC/WACCN/A
WACC8.67%
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

A Current Ratio of 4.35 indicates that OPEN has no problem at all paying its short term obligations.
With an excellent Current ratio value of 4.35, OPEN belongs to the best of the industry, outperforming 85.94% of the companies in the same industry.
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.
The Quick ratio of OPEN (1.97) is better than 68.75% 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

The Earnings Per Share has grown by an impressive 23.90% over the past year.
OPEN shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 14.07%.
OPEN shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 1.68% yearly.
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

OPEN is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 39.49% yearly.
The Revenue is expected to grow by 12.39% on average over the next years. This is quite good.
EPS Next Y29.61%
EPS Next 2Y14.55%
EPS Next 3Y14.89%
EPS Next 5Y39.49%
Revenue Next Year-18.16%
Revenue Next 2Y-9%
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.
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 20 -20

4.2 Price Multiples

93.75% 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 11.79
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

A more expensive valuation may be justified as OPEN's earnings are expected to grow with 14.89% in the coming years.
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

OPEN does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

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OPENDOOR TECHNOLOGIES INC

NASDAQ:OPEN (10/3/2025, 2:41:09 PM)

8.185

+0.18 (+2.18%)

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 Owners44.58%
Inst Owner Change-5.84%
Ins Owners2.96%
Ins Owner Change63.53%
Market Cap6.02B
Analysts48.75
Price Target1.27 (-84.48%)
Short Float %23.11%
Short Ratio0.4
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%
PT rev (3m)7.69%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-61.12%
EPS NY rev (1m)0%
EPS NY rev (3m)-29.61%
Revenue NQ rev (1m)3.35%
Revenue NQ rev (3m)-29%
Revenue NY rev (1m)1.91%
Revenue NY rev (3m)-16.09%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 1.16
P/FCF 11.79
P/OCF 11.45
P/B 9.55
P/tB 9.59
EV/EBITDA N/A
EPS(TTM)-0.31
EYN/A
EPS(NY)-0.25
Fwd EYN/A
FCF(TTM)0.69
FCFY8.48%
OCF(TTM)0.71
OCFY8.73%
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 2.15
F-Score5
WACC8.67%
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-18.16%
Revenue Next 2Y-9%
Revenue Next 3Y-2.71%
Revenue Next 5Y12.39%
EBIT growth 1Y41.89%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year76.36%
EBIT Next 3Y26.39%
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