Opendoor Technologies
Buys and resells homes directly while supporting digital home transactions.
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Profile
Operates a digital residential-real-estate platform in the United States that buys homes directly and resells them. Revenue comes from that inventory-owning model and from transaction services for buyers and sellers.
Sell to Opendoor buys homes directly from sellers, prepares them for resale, and resells them. Rather than operating solely as a brokerage, it owns inventory before resale. List with Opendoor, Opendoor Marketplace, transaction services, and software solutions for partners extend support to buyers, sellers, and homebuilders.
The U.S. model depends on accurate pricing, efficient acquisition and resale, and financing for home purchases and renovations. Home-price movements, time held in inventory, and local housing-market conditions shape operations. The company is also subject to the FTC’s final order over past seller-facing marketing claims.
Company facts
Categories
Key statistics
Year to date −45.7% · Average volume (30d) 46.0M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior target | Target |
|---|---|---|---|---|
| Aug 5, 2026 | Deutsche Bank | Target | $4.25 | |
| May 8, 2026 | Morgan Stanley | Target | $6 | $5.50 |
| Apr 28, 2026 | Industrial Alliance Securities | Target | $8 | |
| Feb 9, 2026 | UBS | Target | $5 | |
| Oct 20, 2025 | Morgan Stanley | Target | $6 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 4, 2026Q2 FY26 | −$0.07 | −$0.17 | −139.2% | $906.0M | $883.0M | −2.5% | −8.74% |
| May 7, 2026Q1 FY26 | −$0.05 | −$0.18 | −260.0% | $666.0M | $720.0M | +8.1% | −5.83% |
| Feb 19, 2026Q4 FY25 | −$0.08 | −$0.07 | +12.5% | $594.0M | $736.0M | +23.9% | +7.53% |
| Nov 6, 2025Q3 FY25 | −$0.08 | −$0.08 | −4.7% | $849.6M | $915.0M | +7.7% | 0.00% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $1.15B | $1.57B | $915.0M | $736.0M | $720.0M | $883.0M | |
| Gross profit | $99.0M | $128.0M | $66.0M | $46.0M | $72.0M | $86.0M | |
| Operating income | −$56.0M | −$13.0M | −$68.0M | −$151.0M | −$159.0M | −$144.0M | |
| Net income | −$85.0M | −$29.0M | −$90.0M | −$1.10B | −$173.0M | −$162.0M | |
| Diluted EPS | −$0.12 | −$0.04 | −$0.12 | −$1.42 | −$0.18 | −$0.17 | |
| Gross margin | 8.6% | 8.2% | 7.2% | 6.3% | 10.0% | 9.7% | |
| Operating margin | -4.9% | -0.8% | -7.4% | -20.5% | -22.1% | -16.3% |
Fiscal years (4-quarter sums)FY21 $8.02B · FY22 $15.57B · FY23 $6.95B · FY24 $5.15B · FY25 $4.37B
Revenue by product · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $896.0M · Total debt $194.0M · Total assets $2.96B · Shareholders' equity $914.0M
Dividends
No dividends on record.
Ownership
Shares outstanding 964.74M · Float 806.04M · 83.6% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Morgan Stanley | 115.21M | 11.94% | 13F | Aug 13, 2026 |
| Kasra Nejatian · director, officer: Chief Executive Officer | 83.61M | 8.67% | Form 4 | Aug 14, 2026 |
| Vanguard Portfolio Management LLC | 76.21M | 7.90% | 13F | Aug 13, 2026 |
| BlackRock, Inc. | 68.48M | 7.10% | 13G | Jul 29, 2026 |
| Vanguard Capital Management LLC | 34.62M | 3.59% | 13F | Aug 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 14, 2026 | Kasra Nejatian | director, officer: Chief Executive Officer | +27,625 | $3.62 |
| Jul 15, 2026 | Giang Nguyen | officer: Chief Operating Officer | −3,591 | $4.68 |
| Jun 16, 2026 | David C. Benson | director | −40,000 | $4.83 |
| May 15, 2026 | Christina Schwartz | officer: Chief Financial Officer | −74,348 | $4.33 |
| May 11, 2026 | Kasra Nejatian | director, officer: Chief Executive Officer | +100,000 | $4.88 |
Peers
- Offerpad
Direct cash offers and seller transaction services.
- Zillow Group Class A
Large housing marketplace spanning search, agents, and mortgages.
- Rocket Companies
Integrated Redfin brokerage and Rocket Mortgage homebuying platform.
- Compass
Technology-enabled residential brokerage and client transaction platform.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Opendoor Technologies | $3.29 | −0.12% | $3.17B | — | — | 1.0 | −43.7% |
| Offerpad | $4.41 | +1.03% | $21.1M | — | — | 0.1 | −51.6% |
| Zillow Group Class A | $36.87 | +0.72% | $8.80B | 165.7 | 14.3 | 3.1 | +17.9% |
| Rocket Companies | $13.80 | +0.22% | $38.89B | 94.3 | 19.0 | 4.0 | +113.7% |
| Compass | $10.99 | +0.23% | $6.67B | 102.1 | 150.6 | 0.6 | +109.1% |
| Median | 102.1 | 19.0 | 1.9 | +63.5% |