Skip to content
Opendoor Technologies Inc logo

Opendoor Technologies Inc

OPEN

Opendoor Technologies Inc. is a leading e-commerce platform for residential real estate that operates as the largest iBuyer in the United States.

Market cap
$3.71B+146%
Revenue$3.9B-23.2%
Net income-$1.4B-277%
Free cash flow$1.1B+238%
EPS (diluted)-$1.76-238%
Trailing twelve months · change vs. prior year

Earnings

Next report

Aug 4, 2026 (In 6 days)
Revenue estimate$906.0M
EPS estimate-$0.03

Financials

Q1 2026

Income statement

See full
Revenue$720.0M-37.6%
Gross profit$72.0M-27.3%
Operating income-$159.0M-184%
Net income-$173.0M-104%
EPS (diluted)-$0.18-50.0%

Balance sheet

See full
Cash & equivalents$1.1B+54.0%
Total debt$200.0M+1,233%
Total equity$954.0M+47.9%
Total assets$2.3B-28.3%

Cash flow

See full
Operating cash flow-$246.0M+11.8%
CapEx$4.0M0.0%
Free cash flow-$250.0M+11.7%

Valuation & ratios

Valuation

See full
Market cap$3.71B+146%
Enterprise value$2.85B+438%
P/S0.9×+0.6×

Profitability

See full
Gross margin8.2%0.0pp
Operating margin-9.9%+30.7pp
Net margin-35.2%-47.4pp
FCF margin27.2%+20.0pp

Returns & leverage

See full
Return on equity-173.6%-279pp
Debt / equity0.2×+0.2×
Current ratio7.1×+4.1×

Segments

By segment

See full
Reportable Segment$720.0M-37.6%

Competitors

Profile

Opendoor Technologies Inc. is a leading e-commerce platform for residential real estate that operates as the largest iBuyer in the United States. The company leverages artificial intelligence, data science, and proprietary software to facilitate direct home transactions, allowing homeowners to buy and sell properties through a streamlined digital experience. By acting as a principal in transactions, the company aims to eliminate traditional friction, intermediaries, and uncertainty associated with the legacy real estate process.

Competitive position

The largest U.S. iBuyer by volume, distinguished by a proprietary AI-powered pricing engine and a nationwide operational footprint covering substantially all contiguous U.S. residential zip codes.

GeographiesUnited States
Customer segmentsResidential Homeowners, First-time Homebuyers, Move-up Buyers
Business modelInventory-led E-commerce, Principal Trading, Direct-to-Consumer
SuppliersThird-party cloud computing providers, Local trade partners and contractors, National title insurance underwriters, Asset-backed debt financing providers, Public and proprietary real estate data sources
CustomersIndividual residential home buyers, Real estate investors, Institutional property buyers
Listed2020
Employees2.0K
CEOKasra Nejatian
FilingsSEC EDGAR

Questions, answered.

What is Opendoor Technologies Inc's market cap?
Opendoor Technologies Inc (OPEN) has a market capitalization of $3.7B and trades on NASDAQ.
What is Opendoor Technologies Inc's revenue and profitability?
Opendoor Technologies Inc generated $3.9B in trailing twelve-month revenue with a net loss of $1.4B, representing a net margin of -35.2%. Gross margin stands at 8.2%, with free cash flow of $1.1B. These figures are based on the Q1 2026 filing.
Who are Opendoor Technologies Inc's competitors?
Opendoor Technologies Inc's key competitors include Offerpad Solutions Inc., Compass, Inc., Invitation Homes Inc. Common Stock, and others. These companies compete in similar markets and product categories.
Who does Opendoor Technologies Inc partner with?
Opendoor Technologies Inc's notable partners include Zillow Group, Redfin.
What subsidiaries does Opendoor Technologies Inc have?
Opendoor Technologies Inc's subsidiaries include Opendoor Brokerage LLC, OS National LLC, Tremont Realty LLC, and others.
Where is Opendoor Technologies Inc headquartered?
Opendoor Technologies Inc is headquartered in United States of America and employs approximately 1,982 people. It has been publicly traded since 2020.