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OPEN

1.41USD-0.13(-8.44%)Market Closed

Opendoor Technologies Inc.

Market Summary

USD1.41-0.13Market Closed
-8.44%

OPEN Alerts

OPEN Stock Price

RSI Chart

Valuation

Market Cap

1.7B

Price/Earnings

-6.18

Price/Sales

0.11

Price/Cashflow

-0.44

MarketCap/EBT

-6.22

Price/Sales

Profitability

Operating Margin

9.68%

EBT Margin

-1.76%

Return on Equity

-11.62%

Return on Assets

-2.7%

Fundamentals

Revenue

Revenue (TTM)

15.4B

Revenue Y/Y

254.15%

Revenue Q/Q

-18.5%

Earnings

Earnings (TTM)

-273.8M

Earnings Y/Y

62.5%

Earnings Q/Q

-292.86%

Price Action

52 Week Range

15.92
(Low)(High)

Last 7 days

-19.4%

Last 30 days

-30.2%

Last 90 days

-68.0%

Trailing 12 Months

-90.6%

Financial Health

Current Ratio

2.76

Debt/Equity

0.19

Debt/Cashflow

-8.58

Investor Care

Shares Dilution (1Y)

4.01%

Diluted EPS (TTM)

-0.46

Financials for Opendoor Tech

Income Statement (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q22022Q12021Q42021Q32021Q2
Revenue24.2%15,43712,4258,0214,4482,520
Gross Profit28.0%1,4951,168730497330
Operating Expenses10.4%1,5161,3731,2981,029838
  S&GA Expenses23.9%930751544358231
  R&D Expenses13.8%140123134115101
Earnings Before Taxes25.0%-272.04-362.66-661.00-558.07-582.40
Net Income24.7%-273.76-363.76-662.00-559.05-508.27
Balance Sheet
(In Millions)
Description(%) Q/Q2022Q22022Q12021Q42021Q32021Q2
Assets22.5%10,1368,2729,5068,9694,868
  Current Assets23.1%9,9458,0799,3408,8214,739
    Cash Equivalents-3.2%2,2392,3121,7311,3591,558
  Net PPE10.2%5449453834
  Goodwill0%6060604731
Liabilities31.3%7,7805,9257,2586,6062,450
  Current Liabilities28.1%3,6062,8144,4004,2401,810
  Long Term Debt-446----
    LT Debt, Current-1,691----
Shareholder's Equity0.4%2,3562,3472,2482,3632,418
  Retained Earnings-3.2%-1,731.00-1,677.00-1,705.00-1,514.51-1,457.69
  Additional Paid-In Capital1.6%4,0924,0283,9553,8773,876
Shares Outstanding0.7%627623616607594
Float-8,531----
* denotes actual numbers (not divided by Millions)
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q22022Q12021Q42021Q32021Q2
Cashflow From Operations0.4%-3,824.89-3,839.00-5,794.00-6,258.91-2,580.45
  Share Based Compensation-28.9%259364536494435
Cashflow From Investing75.7%-118.98-489.00-476.00-402.87218
Cashflow From Financing4.2%5,1084,9017,3427,8623,732
  Buy Backs-0
* denotes actual numbers (not divided by Millions)

Risks

What is the probability of a big loss on OPEN?

85.3%


Probability that Opendoor Tech stock will be more than 20% underwater in next one year

71.3%


Probability that Opendoor Tech stock will be more than 30% underwater in next one year.

67.4%


Probability that Opendoor Tech stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does OPEN drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Opendoor Tech was unfortunately bought at previous high price.

Returns

Cumulative Returns on OPEN

Which funds bought or sold OPEN recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2022-11-23
Toroso Investments, LLC
ADDED
4.16
-21,000
47,000
-%
2022-11-22
B. Riley Wealth Advisors, Inc.
ADDED
3.25
-38,000
80,000
-%
2022-11-21
Parallax Volatility Advisers, L.P.
REDUCED
-78.26
-896,000
150,000
-%
2022-11-21
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM
-
-
-580,000
2,063,000
-%
2022-11-17
M&T Bank Corp
-
-
-11,000
54,000
-%
2022-11-16
CAPTRUST FINANCIAL ADVISORS
ADDED
72.09
21,000
174,000
-%
2022-11-15
PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO
ADDED
0.79
-361,000
719,000
-%
2022-11-15
ALGERT GLOBAL LLC
SOLD OFF
-100
-155,000
-
-%
2022-11-15
CAZ INVESTMENTS LP
ADDED
11.33
-1,101,000
3,055,000
12.81%
2022-11-15
Sylebra Capital Ltd
ADDED
106.72
52,480,000
196,272,000
4.95%

1–10 of 39

Latest Funds Activity

Are funds buying OPEN calls or puts?
Are funds bullish or bearish(Calls - Puts)?
No. of funds that own OPEN

Opendoor Tech News

WOLF STREET

New SPAC Stuff Keeps Imploding amid Shortage of “Consensual Hallucination,” as I Call it, But Now the Imploding is a Lot Faster.4 hours ago

OPEN Fair Value

Recent SEC filings of Opendoor Tech

View All Filings
Date Filed Form Type Document
Nov 18, 2022
4
Insider Trading
Nov 18, 2022
4
Insider Trading
Nov 16, 2022
4
Insider Trading
Nov 14, 2022
4
Insider Trading
Nov 10, 2022
4
Insider Trading
Nov 03, 2022
10-Q
Quarterly Report
Nov 03, 2022
8-K
Current Report
Oct 19, 2022
4
Insider Trading
Oct 19, 2022
4
Insider Trading
Oct 12, 2022
4
Insider Trading

Latest Insider Trading transactions for OPEN

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2022-11-16
Low Ah Kee Andrew
SOLD
-289,993
1.9201
-151,030
President
2022-11-16
Wu Eric Chung-Wei
SOLD
-129,854
1.9201
-67,629
CEO
2022-11-15
Morillo Daniel
SOLD
-176,078
2.0048
-87,828
Chief Investment Officer
2022-11-14
Solomon Glenn
SOLD
-346,153
1.92
-180,288
-
2022-11-14
Solomon Glenn
SOLD
-1,821,910
1.92
-948,913
-
2022-11-14
Solomon Glenn
SOLD
-66,864
1.92
-34,825
-
2022-11-11
Solomon Glenn
SOLD
-3,018,400
2.04
-1,479,610
-
2022-11-11
Solomon Glenn
SOLD
-110,774
2.04
-54,301
-
2022-11-11
Solomon Glenn
SOLD
-573,481
2.04
-281,118
-
2022-11-10
Solomon Glenn
SOLD
-67,155.4
1.79
-37,517
-

1–10 of 50

OPEN Income Statement

2022-09-30
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
3 Months Ended9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Income Statement [Abstract]    
REVENUE$ 3,361$ 2,266$ 12,710$ 4,199
COST OF REVENUE3,7862,06412,1143,741
GROSS (LOSS) PROFIT(425)202596458
OPERATING EXPENSES:    
Sales, marketing and operations260153812319
General and administrative8591323503
Technology and development4027121102
Total operating expenses3852711,256924
LOSS FROM OPERATIONS(810)(69)(660)(466)
WARRANT FAIR VALUE ADJUSTMENT03012
INTEREST EXPENSE(115)(43)(272)(70)
OTHER (LOSS) INCOME – Net(2)53(20)54
LOSS BEFORE INCOME TAXES(927)(56)(952)(470)
INCOME TAX EXPENSE(1)(1)(2)(1)
NET LOSS$ (928)$ (57)$ (954)$ (471)
Net loss per share attributable to common shareholders:    
Basic (in dollars per share)$ (1.47)$ (0.09)$ (1.53)$ (0.80)
Diluted (in dollars per share)$ (1.47)$ (0.09)$ (1.53)$ (0.80)
Weighted-average shares outstanding:    
Basic (in shares)629,535,000603,389,000624,581,000585,854,000
Diluted (in shares)629,535,000603,389,000624,581,000585,854,000

OPEN Balance Sheet

2022-09-30
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 30, 2022
Dec. 31, 2021
CURRENT ASSETS:  
Cash and cash equivalents$ 1,327$ 1,731
Restricted cash1,752847
Marketable securities178484
Escrow receivable15484
Real estate inventory, net6,0936,096
Other current assets ($1 and $4 carried at fair value)8091
Total current assets9,5849,340
PROPERTY AND EQUIPMENT – Net6245
RIGHT OF USE ASSETS4342
GOODWILL6260
INTANGIBLES – Net712
OTHER ASSETS267
TOTAL ASSETS[1]9,7849,506
CURRENT LIABILITIES:  
Accounts payable and other accrued liabilities209137
Non-recourse asset-backed debt - current portion3,3724,240
Other secured borrowings07
Interest payable1412
Lease liabilities - current portion64
Total current liabilities3,6014,400
NON-RECOURSE ASSET-BACKED DEBT – Net of current portion3,6991,862
CONVERTIBLE SENIOR NOTES957954
LEASE LIABILITIES – Net of current portion3942
Total liabilities[2]8,2967,258
COMMITMENTS AND CONTINGENCIES (See Note 16)
SHAREHOLDERS’ EQUITY:  
Common stock, $0.0001 par value; 3,000,000,000 shares authorized; 632,513,135 and 616,026,565 shares issued, respectively; 632,513,135 and 616,026,565 shares outstanding, respectively00
Additional paid-in capital4,1523,955
Accumulated deficit(2,659)(1,705)
Accumulated other comprehensive loss(5)(2)
Total shareholders’ equity1,4882,248
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY9,7849,506
Asset Pledged as Collateral with Right  
CURRENT ASSETS:  
Mortgage loans held for sale pledged under agreements to repurchase$ 0$ 7
[1]The Company’s consolidated assets at September 30, 2022 and December 31, 2021 include the following assets of certain variable interest entities (“VIEs”) that can only be used to settle the liabilities of those VIEs: Cash and cash equivalents, $2 and $9; Restricted cash, $1,744 and $838; Real estate inventory, net, $5,817 and $6,046; Escrow receivable, $114 and $78; Other current assets, $33 and $35; and Total assets of $7,710 and $7,006, respectively.
[2]The Company’s consolidated liabilities at September 30, 2022 and December 31, 2021 include the following liabilities for which the VIE creditors do not have recourse to Opendoor: Accounts payable and other accrued liabilities, $71 and $59; Interest payable, $14 and $11; Current portion of non-recourse asset-backed debt, $3,372 and $4,240; Non-recourse asset-backed debt, net of current portion, $3,699 and $1,862; and Total liabilities, $7,156 and $6,172, respectively.