Opendoor Technologies (OPEN) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Opendoor Technologies

NasdaqGS•Real Estate•Real Estate Services

$3.15+0.02(0.01%)Market closed

Market Cap

$2.47B

P/S

0.8x

P/B

2.7x

Opendoor Technologies Inc. operates a digital platform for residential real estate transactions in the United States. It buys and sells homes through online e-commerce platform. The company also resells the home to a home buyer. In addition, it offers real estate brokerage, title insurance and settlement, and escrow services, as well as property and casualty insurance, real estate licenses, and construction services. The company was formerly known as Social Capital Hedosophia Holdings Corp. II and changed its name to Opendoor Technologies Inc. Opendoor Technologies Inc. was incorporated in 2013 and is based in Tempe, Arizona.

How this company scores

WeakMetricSide Score: 32/100

Strongest: Balance Sheet & Red Flags (15/25); weakest: Growth (2/25).

Profitability9/25

Growth2/25

Balance Sheet & Red Flags15/25

Cash & Earnings Quality6/25

Strengths

Net cash positionImproving margins

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/S · 0.8x5y range 0.0x – 1.8x

Currently above its 20-quarter median.

P/B · 2.7x5y range 0.6x – 7.5x

Currently above its 20-quarter median.

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

The company posted negative operating margins in recent quarters — core operations are unprofitable.

Earnings Quality

Red Flag

Free cash flow has been negative in 4 of the last 8 quarters — earnings are not translating to cash.

Price & Volume

Market Cap $2.47B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $3.25B
Q. Revenue: $883.00M
TTM EBITDA: $-495.00M
TTM Op. Income: $-521.00M
Q. Op. Income: $-144.00M
TTM Net Income: $-1.52B
Q. Net Income: $-162.00M
EPS: $-0.17
Shares Out.: $965.78M

$3.25B in TTM revenue declined 37.2% YoY, reaching $883.00M last quarter. TTM EBITDA of $-495.00M and TTM operating income of $-521.00M show growth is flowing through to the bottom line. However, net income is negative at $1.52B — growth is not yet reaching the bottom line. Across the last 8 quarters, TTM revenue has fallen for 4 consecutive quarters — a weakening trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 9.7%
EBITDA Margin: -15.7%
Op. Margin: -16.3%
Net Margin: -18.3%

Op. margin of -16.3% is down 15.5% YoY — costs are rising relative to revenue. Net margin at -18.3% and gross margin of 9.7% show how much of each revenue dollar survives to profit. Over the past year, operating margin is down 1866% — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: N/A
P/S Ratio: 0.8x
P/B Ratio: 2.7x

P/S of 0.8x and P/B of 2.7x. P/S is low relative to typical market levels.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $2.96B
Cash: $896.00M
Long-Term Debt: $723.00M
Book Value: $914.00M
D/E Ratio: 0.8
Debt/EBITDA: N/A

With $2.96B in assets and $723.00M in long-term debt, D/E is 0.8and book value is $914.00M — a conservative capital structure with a cushion to weather downturns. Across the last 8 quarters, debt/equity has risen for 2 consecutive quarters — a weakening trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $-718.00M
TTM Free Cash Flow: $-474.00M
FCF Margin: -14.6%
FCF / Net Income: 0.3

TTM FCF of $-474.00M on $-718.00M in operating cash flow. The FCF / Net Income ratio of 0.3x means cash covers only part of net income — earnings quality needs attention. Over the past year, free cash flow is down 193% — a weakening trend.