Financial Snapshot

Revenue
$4.939B
TTM
Gross Margin
8.53%
TTM
Net Earnings
-$370.0M
TTM
Current Assets
Q3 2024
Current Liabilities
Q3 2024
Current Ratio
452.57%
Q3 2024
Total Assets
Q3 2024
Total Liabilities
Q3 2024
Book Value
$801.0M
Q3 2024
Cash
Q3 2024
P/E
-4.232
Nov 29, 2024 EST
Free Cash Flow
-$1.088B
TTM

Revenues

Revenues

Loading...

Revenue YoY Change

Loading...

Revenues

Concept 2023 2022 2021 2020 2019 2018 2017 2016
Revenue $6.946B $15.57B $8.021B $2.583B $4.741B $1.838B $711.1M $338.7M
YoY Change -55.38% 94.08% 210.53% -45.52% 157.93% 158.48% 109.95% 533.08%

Expenses

Cost Of Revenues

Loading...

Gross Profit

Loading...

Gross Profit Margin

Loading...

Gross Profit

Concept 2023 2022 2021 2020 2019 2018 2017 2016
Revenue $6.946B $15.57B $8.021B $2.583B $4.741B $1.838B $711.1M $338.7M
Cost Of Revenue $6.459B $14.90B $7.291B $2.363B $4.440B $1.705B $644.7M $321.9M
Gross Profit $487.0M $667.0M $730.0M $220.0M $301.0M $133.4M $66.30M $16.80M
Gross Profit Margin 7.01% 4.28% 9.1% 8.52% 6.35% 7.26% 9.32% 4.96%

Selling, General & Admin Expense

Loading...

Research & Development

Loading...

Depreciation, Depletion & Amortization

Loading...

SGA Expense to Gross Profit Ratio

Loading...

R&D To Gross Profit Ratio

Loading...

DDA To Gross Profit Ratio

Loading...

Operating Expenses Total

Loading...

Operating Profits/Loss

Loading...

Operational Expenses

Concept 2023 2022 2021 2020 2019 2018 2017 2016
Selling, General & Admin $692.0M $1.352B $1.164B $348.0M $498.0M $268.6M $111.9M
YoY Change -48.82% 16.15% 234.48% -30.12% 85.38% 140.07%
% of Gross Profit 142.09% 202.7% 159.45% 158.18% 165.45% 201.34% 168.78%
Research & Development $167.0M $169.0M $134.0M $58.00M $51.00M $28.46M $16.10M
YoY Change -1.18% 26.12% 131.03% 13.73% 79.21% 76.76%
% of Gross Profit 34.29% 25.34% 18.36% 26.36% 16.94% 21.33% 24.28%
Depreciation & Amortization $38.00M $37.00M $27.00M $22.00M $15.00M $4.600M $7.400M
YoY Change 2.7% 37.04% 22.73% 46.67% 226.09% -37.84%
% of Gross Profit 7.8% 5.55% 3.7% 10.0% 4.98% 3.45% 11.16%
Operating Expenses $873.0M $1.598B $1.298B $406.0M $549.0M $297.1M $128.0M $50.20M
YoY Change -45.37% 23.11% 219.7% -26.05% 84.79% 132.11% 154.98% 356.36%
Operating Profit -$386.0M -$931.0M -$568.0M -$186.0M -$248.0M -$163.7M -$61.70M -$33.40M
YoY Change -58.54% 63.91% 205.38% -25.0% 51.52% 165.27% 84.73% 212.15%

Interest Expenses

Loading...

Interest Expenses To Operating Income %

Loading...

Other Expense/Income

Loading...

Interest & Other Expense/Income

Concept 2023 2022 2021 2020 2019 2018 2017 2016
Interest Expense $211.0M $385.0M $143.0M $68.00M $110.0M $60.46M -$23.40M -$10.80M
YoY Change -45.19% 169.23% 110.29% -38.18% 81.95% -358.36% 116.67% 730.77%
% of Operating Profit
Other Income/Expense, Net $107.0M -$10.00M $38.00M $4.000M $13.00M $2.598M $200.0K -$2.100M
YoY Change -1170.0% -126.32% 850.0% -69.23% 400.38% 1199.0% -109.52% -32.26%

Income/Loss

Pretax Income

Loading...

Income Tax

Loading...

Net Profits/Loss

Loading...

Pretax Income YoY Change

Loading...

Income Tax Rate

Loading...

Net Profits/Loss YoY Change

Loading...

Basic EPS

Loading...

Net Income To Revenue Ratio

Loading...

Pretax & Net Income

Concept 2023 2022 2021 2020 2019 2018 2017 2016
Pretax Income -$274.0M -$1.400B -$661.0M -$253.0M -$339.0M -$239.6M -$84.80M -$46.30M
YoY Change -80.43% 111.8% 161.26% -25.37% 41.49% 182.55% 83.15% 206.62%
Income Tax $1.000M $2.000M $1.000M $0.00 $0.00 $377.0K $0.00 $0.00
% Of Pretax Income
Net Earnings -$275.0M -$1.353B -$662.0M -$253.0M -$341.0M -$241.3M -$84.80M -$46.30M
YoY Change -79.67% 104.38% 161.66% -25.81% 41.32% 184.54% 83.15% 206.62%
Net Earnings / Revenue -3.96% -8.69% -8.25% -9.79% -7.19% -13.13% -11.93% -13.67%
Basic Earnings Per Share -$0.42 -$2.16 -$1.12 -$2.31 -$4.26 -$3.16
Diluted Earnings Per Share -$0.42 -$2.16 -$1.12 -$2.31 -$4.37 -$3.16 -$155.8K -$85.05K

Assets & Liabilities

Cash & Short-Term Investments

Loading...

Cash & Equivalents

Loading...

Cash To Operating Expenses Ratio

Loading...

Inventory

Loading...

Receivables

Loading...

Total Short-Term Assets

Loading...

Property, Plant And Equipment

Loading...

Long-Term Investments

Loading...

Total Long-Term Assets

Loading...

Total Assets

Loading...

Net Income To Total Assets Percentage

Loading...

Accounts Payable

Loading...

Short-Term Debt

Loading...

Long Term Debt Due

Loading...

Total Short-Term Liabilities

Loading...

Long-Term Debt

Loading...

Other Long-Term Liabilities

Loading...

Total Long-Term Liabilities

Loading...

Total Liabilities

Loading...

Short-Term To Long-Term Debt Ratio

Loading...

Short-Term Assets To Debt Ratio

Loading...

Long-Term Debt To Net Income Ratio

Loading...

Assets & Liabilities

Concept 2023 2022 2021 2020 2019 2018 2017 2016
Cash & Short-Term Investments $1.068B $1.281B $2.215B $1.460B $448.7M $271.4M
YoY Change -16.63% -42.17% 51.68% 225.45% 65.33%
Cash & Equivalents $999.0M $1.137B $1.731B $1.413B $405.1M $262.4M
Short-Term Investments $69.00M $144.0M $484.0M $47.60M $43.60M $9.000M
Other Short-Term Assets $593.0M $695.0M $945.0M $117.9M $312.7M $164.2M
YoY Change -14.68% -26.46% 701.53% -62.3% 90.44%
Inventory $1.775B $4.460B $6.096B $465.9M $1.312B $1.362B
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $3.445B $6.466B $9.340B $2.053B $2.088B $1.808B
YoY Change -46.72% -30.77% 354.92% -1.65% 15.45%
Property, Plant & Equipment $91.00M $99.00M $87.00M $78.70M $95.30M $18.00M
YoY Change -8.08% 13.79% 10.55% -17.42% 429.44%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $22.00M $27.00M $7.000M $4.100M $5.400M $3.000M
YoY Change -18.52% 285.71% 70.73% -24.07% 80.0%
Total Long-Term Assets $122.0M $142.0M $166.0M $122.5M $144.1M $34.10M
YoY Change -14.08% -14.46% 35.51% -14.99% 322.58%
Total Assets $3.567B $6.608B $9.506B $2.176B $2.232B $1.842B
YoY Change
Accounts Payable $2.000M $5.000M $3.000M $2.800M $6.500M $6.200M
YoY Change -60.0% 66.67% 7.14% -56.92% 4.84%
Accrued Expenses $65.00M $116.0M $141.0M $39.30M $44.70M $28.60M
YoY Change -43.97% -17.73% 258.78% -12.08% 56.29%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $1.376B $4.247B $346.3M $1.074B $1.033B
YoY Change -100.0% -67.6% 1126.39% -67.76% 4.02%
Total Short-Term Liabilities $70.00M $1.505B $4.400B $393.4M $1.126B $1.068B
YoY Change -95.35% -65.8% 1018.45% -65.07% 5.45%
Long-Term Debt $2.510B $3.979B $2.816B $135.5M $362.0M $100.5M
YoY Change -36.92% 41.3% 1978.23% -62.57% 260.2%
Other Long-Term Liabilities $20.00M $38.00M $42.00M $46.70M $94.90M $23.10M
YoY Change -47.37% -9.52% -10.06% -50.79% 310.82%
Total Long-Term Liabilities $2.530B $4.017B $2.858B $182.2M $456.9M $123.6M
YoY Change -37.02% 40.55% 1468.61% -60.12% 269.66%
Total Liabilities $2.600B $5.522B $7.258B $575.6M $1.583B $1.193B
YoY Change -52.92% -23.92% 1160.95% -63.65% 32.68%

Ownership

Basic Shares Outstanding

Loading...

Diluted Shares Outstanding

Loading...

Preferred Stock

Loading...

Treasury Stock Shares

Loading...

Stock Issuance & Repurchase

Loading...

Ownership Data

Concept 2023 2022 2021 2020 2019 2018 2017 2016
Basic Shares Outstanding 657.1M shares 627.1M shares 592.6M shares 109.3M shares 79.98M shares 78.56M shares
Diluted Shares Outstanding 657.1M shares 627.1M shares 592.6M shares 109.3M shares 79.98M shares 78.56M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Loading...

Book Value

Loading...

Free Cash Flow

Loading...

Free Cash Flow YoY

Loading...

Free Cash Flow Margin

Loading...

Dividends

Dividends

Loading...

Stock Price

Loading...
Market Cap: $1.566 Billion

About Opendoor Technologies Inc.

Opendoor Technologies, Inc. engages in the operation of buying, selling, and trading of residential properties online. The company is headquartered in Tempe, Arizona and currently employs 1,982 full-time employees. The company went IPO on 2020-12-18. By leveraging software, data science, product design and operations, the Company is building a technology platform for residential real estate that offers buyers and sellers a digital, on-demand experience. Its products include Sell to Opendoor, List with Opendoor and Opendoor Marketplace. Sell to Opendoor enables sellers to utilize its core product offering to sell their home directly to it, and it resells the home to a home buyer. By selling to Opendoor, homeowners can avoid the stress of open houses, home repair coordination, overlapping mortgages, and the uncertainty that can come with listing a home on the open market. Its capital-light marketplace offering connects home sellers with both institutional and retail buyers, facilitating transactions without Opendoor taking ownership of the home. Its listing product is available in 17 Opendoor markets.

Industry: Real Estate Agents & Managers (For Others) Peers: CBRE GROUP, INC. Compass, Inc. EXP World Holdings, Inc. Anywhere Real Estate Inc. JONES LANG LASALLE INC Marcus & Millichap, Inc. NEWMARK GROUP, INC. RE/MAX Holdings, Inc. ZILLOW GROUP, INC.