Opendoor Technologies Inc. (OPEN) AI Stock Analysis

Opendoor Technologies Inc., headquartered in Tempe, Arizona, operates an innovative digital platform focused on transforming the residential real estate market in the United States. The platform offers consumers an online experience to buy and sell homes, providing transparent pricing, quick evaluations, and efficient closing procedures powered by technology and data analytics. Beyond its core buying and selling services, Opendoor offers ancillary services including title insurance and escrow services to support real estate transactions. Established in 2013 and public since 2020, the company aims to simplify and streamline residential transactions nationwide.

Between FY2021 and FY2022, revenue expanded from $8.02B to $15.57B before falling 55.4% in FY2023 to $6.95B. Contraction continued in FY2024 with revenue of $5.15B and in FY2025 with revenue falling 15.2% to $4.37B. Annual net income has remained negative, recording -$662.0M in FY2021, -$1.35B in FY2022, -$275.0M in FY2023, -$392.0M in FY2024, and -$1.30B in FY2025. In FY2025, gross margin was 8.0% and operating margin was -6.6%. Over the trailing twelve months, revenue totaled $3.25B with an operating margin of -15.9% and a profit margin of -46.7%. For the latest quarter ended June 30, 2026, quarterly revenue fell 43.7% year-over-year.

As of June 30, 2026, Opendoor held $896.0M in cash and short-term investments alongside total debt of $194.0M, resulting in net cash of $702.0M. Total assets stood at $2.96B against shareholders' equity of $914.0M, supporting a current ratio of 2.94 and a debt-to-equity ratio of 0.21. In FY2025, operating cash flow reached $1.05B and free cash flow was $1.04B, while capital expenditures totaled $12.0M. The company also recorded share issuance of $1.18B in FY2025, contributing to a 5-year share count change of 57.7%.

At a last close of $2.12 on October 16, 2026, Opendoor carries a market cap of $2.04B and an enterprise value of $3.57B. The stock trades at a price-to-sales multiple of 0.6x, below the 3.7x median of its US-listed Real Estate peers. Its forward P/E of 64.1x sits well above the peer group median of 23.5x, and price-to-book is 2.7x. Over the past year, Opendoor shares fell 70.3%, trailing the S&P 500 return of 16.8%. Over five years, the stock dropped 91.0% compared to an 83.0% gain for the index.

Wall Street analysts covering Opendoor assign 1 Strong Buy, 1 Buy, 5 Holds, 1 Sell, and 1 Strong Sell. The mean price target of $4.27 implies an upside of 102.0% over the last close of $2.12. For the current fiscal year ending December 31, 2026, consensus estimates project revenue of $3.83B and an EPS of -$0.19. For next fiscal year, 3 analysts project revenue of $7.28B and an EPS of -$0.02. The company beat EPS estimates in 2 of the last 4 quarters, with its next earnings date scheduled for November 5, 2026.

This page is an AI-written research summary of Opendoor Technologies Inc. (OPEN). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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