OPENDOOR TECHNOLOGIES INC CLASS A (OPEN)
Real Estate · iBuying and digital real estate platforms · NASDAQ
Opendoor is a digital-first iBuyer platform that replaces traditional real estate agents and fragmented intermediaries with an AI-powered, end-to-end home transaction marketplace.
What OPENDOOR TECHNOLOGIES INC CLASS A does
Opendoor is an e-commerce platform for residential real estate transactions and the largest U.S. iBuyer, enabling homeowners to buy, sell, and move through a simplified, largely digital experience. The company leverages artificial intelligence, data science, and software to eliminate traditional intermediaries and friction from home transactions. Since 2014, Opendoor has purchased and sold over 294,000 homes across the United States, with nationwide coverage as of late 2025, and generated $4.4 billion in revenue in 2025. The platform combines digital-first product design with integrated services including mortgage origination, title, escrow, warranties, and insurance to create a seamless, end-to-end real estate transaction experience.
Themes: ["iBuying / instant home purchase","Real estate technology / PropTech","AI-driven real estate valuation","Digital-first home transactions","Real estate e-commerce","Residential housing marketplace","Mortgage services / home financing"]
Fundamentals
- Price$5.30 as of 2026-07-09 close
- Market cap$5.1B as of 2026-07-10
- 1-year return+619.1% as of 2026-07-09 close
- Net margin-35.3% as of 2026-07-10
- Gross margin+8.2% as of 2026-07-10
- ROE-163.3% as of 2026-07-10
- Debt / equity1.40 as of 2026-07-10
- Revenue growth (YoY)-23.2% as of 2026-07-10
- Revenue CAGR (3y)-34.5% SEC XBRL
- Beta3.63 as of 2026-07-10
Key risks (from latest filing)
["Exposure to residential real estate market downturns, housing inventory fluctuations, and home price volatility, which directly impact demand for the platform and profitability of home acquisitions and resales","Dependence on access to sufficient financing and capital markets to fund real estate inventory and support growth, with obligations under convertible notes and ongoing debt and equity financing needs","Competitive pressure from highly fragmented traditional real estate agent market (over 2 million licensed agents) and other iBuyer platforms, requiring continuous product innovation and market share gains to achieve profitability"]
Competitors & peers
- Zillow Group (Z) - iBuying and real estate platform
- Redfin (RDFN) - iBuying and real estate brokerage platform
- Offerpad (OFFD) - iBuyer platform
- Realogy Holdings (RLGY) - traditional real estate brokerage
- RE/MAX (RMAX) - real estate brokerage network
- Keller Williams (private) - traditional real estate brokerage
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.