Opendoor Technologies Inc.
OPENUSFounded in 2013, Opendoor Technologies Inc. provides a digital ecosystem for residential real estate transactions throughout the United States. This platform allows individuals to efficiently purchase and sell homes entirely online. Based in Tempe, Arizona, the company further offers supporting services like title insurance and escrow.
Founded2013IPO year2020As of2026-08-04
Market Cap
$4.03B
Enterprise Value
$3.23B
EV / LTM Revenue
0.7x
EV / NTM Revenue
0.6x
Trading multiples
Enterprise value over trailing (LTM) vs. forward (NTM) fundamentals. Click an LTM cell to chart it.
LTM
trailing
NTM
forward
Revenue
0.6x
Gross Profit
7.2x
EBITDA
—
Classification
- Sector
- Financial Services
- Sub-sector
- Mortgage & Real-Estate Finance
- Listing
- OPEN
- Country
- US
Annual financials & analyst forecasts
| $M | CY2021 | CY2022 | CY2023 | CY2024 | CY2025 | CY2026E | CY2027E |
|---|---|---|---|---|---|---|---|
| Revenue YoY | — | 94% | -55% | -26% | -15% | -10% | 75% |
| Revenue | $8.02B | $15.57B | $6.95B | $5.15B | $4.37B | $3.94B | $6.89B |
| Gross Profit | $730M | $667M | $487M | $433M | $339M | — | — |
| Gross Profit Margin | 9.1% | 4.3% | 7.0% | 8.4% | 7.8% | — | — |
| EBITDA | ($460M) | ($876M) | $9M | ($198M) | ($1.13B) | ($333M) | ($582M) |
| EBITDA Margin | -5.7% | -5.6% | 0.1% | -3.8% | -25.9% | -8.5% | -8.5% |
| EBIT | ($568M) | ($931M) | ($386M) | ($320M) | ($288M) | ($367M) | ($642M) |
| Net Income | ($662M) | ($1.35B) | ($275M) | ($392M) | ($1.30B) | ($313M) | ($36M) |
| Free Cash Flow | ($5.83B) | $693M | $2.31B | ($620M) | $1.04B | — | — |
| FCF Margin | -72.6% | 4.5% | 33.2% | -12.0% | 23.7% | — | — |
| Short-Term Debt | $4.25B | $1.38B | $0M | $432M | $0M | — | — |
| Long-Term Debt | $2.82B | $3.98B | $2.51B | $1.87B | $193M | — | — |
| Cash & Cash Equivalents | $1.73B | $1.14B | $999M | $671M | $962M | — | — |
| Net Debt | $5.33B | $4.22B | $1.51B | $1.63B | ($769M) | — | — |
| Net Debt / EBITDA | — | — | 167.9x | — | — | — | — |
| Rule of 40 | — | 98.5% | -22.2% | -37.8% | 8.5% | — | — |
Figures in $M. True calendar years (Jan–Dec) built from quarterly data — income & cash-flow lines summed across the four quarters, balance sheet as of year-end. E columns are calendarized analyst consensus — gross profit, cash flow and balance-sheet lines are not estimated. Net debt = short-term debt + long-term debt − cash & cash equivalents; Rule of 40 = YoY revenue growth + FCF margin.