Educational information, not financial advice or a personal recommendation. Not regulated by the FCA. Do your own research. Capital at risk.

Opendoor Technologies Inc. (OPEN)

Real Estate Out of favour

Opendoor operates an online platform that aims to take the hassle out of moving by making cash offers directly to home sellers.

$2.79

Is Opendoor Technologies Inc. a good stock for a UK beginner?

The honest version: There's no rating here and nothing for sale. In its favour: Recognized pioneer in digital property trading. Worth weighing: Deeply negative net profit margins.

No rating · no target price · nothing for sale here
Price+74.4%
= past earnings-report date
Priced in USD. As a UK investor your £ return also moves with the pound-to-dollar exchange rate, even inside an ISA - a stronger pound can trim your £ gains and a weaker pound can add to them, whatever the share price itself does.
52-week range+82% past year
$2.79
Low $2.22High $10.87
Where today's price sits versus its past year - context, not a signal.

Is this normal for this company?

Each figure against the range this same company has produced recently. Neither end of a range is the good end.

Net profit margin
-18.3%now
-148.9%-1.9%

Profit as a share of sales, from the company's own quarterly statements. The range covers the 5 quarters we hold, and the figure shown is its most recent one.

How these ranges are built

Every number here is the company's own reported figure, not a comparison with other companies. The ranges come from this company's own results and its share price. Where it reports in a different currency from the one its shares trade in, the price-to-earnings range is left out rather than mixing the two.

What does Opendoor Technologies Inc. do?

The company acts as a digital property middleman, buying houses straight from tired owners and flipping them onto the open market for a fee. Cash flows primarily from taking a service charge on these rapid transactions, meaning it relies heavily on a bustling housing market. The critical watch-point is whether it can navigate shifting property prices without taking heavy losses on the bricks and mortar sitting on its digital books.

On our factor screen it looks strongest on value and momentum, and weakest on growth.

Quick checks
What's strong
  • Value screens high
What to watch
  • Quality screens low
  • Growth screens low
  • Momentum screens low
  • Income screens low

Does Opendoor Technologies Inc. pay a dividend?

No - Opendoor Technologies Inc. doesn't currently pay a dividend, so the whole return would rest on the share price. Plenty of growing companies reinvest their profits instead of paying them out - neither approach is better or worse, they're just different.

What do Opendoor Technologies Inc.'s numbers mean?

P/S
1.07
This compares the company's total stock market value to its yearly revenue, showing you pay roughly £1.20 for every pound of sales coming in.
Lower than most of the 49 Real Estate shares we cover
Gross margin
8.6%
This shows how much money is left from selling a home after covering the direct purchase costs, revealing a very thin cushion of around eight pence per pound.
Lower than most of the 50 Real Estate shares we cover
Revenue growth (yoy)
-37.6%
This highlights a sharp contraction, with yearly sales shrinking by over a third compared to the previous period.
Beta
3.6
This measures wildness, indicating that the share price tends to swing more than three times as dramatically as the wider market.

How has it performed?

Growth of £1,000, the worst fall, and year by year
If you had put $1,000 into Opendoor Technologies Inc.
$1,744+74%

Over about 2 years to 2026-09-11. This is the share price only; any dividends would add to it. And it's the USD return - as a UK investor your actual £ return also moves with the exchange rate. Past performance is not a guide to the future, and it could just as easily have fallen.

How much has Opendoor Technologies Inc. actually fallen?

−80%

Over the last 2 years of daily prices, Opendoor Technologies Inc. fell as much as −80% from a high to a later low. Falls like this are normal when you own a share.

Past falls are not a forecast - it can fall further, or recover.

How has it done year by year?

2022-92%
2023+286%
2024-64%
2025+264%
2026 so far-39%

Calendar-year total return - the share price with dividends reinvested - from adjusted closing prices. The current year is only part-complete. Past returns are not a guide to the future.

A closer look at the numbers

Ownership, earnings history, where the money goes, and the outlook range
Market cap: The company's total value on the stock market - share price times the number of shares. Big = 'large-cap', small = 'small-cap'.
$3.45B
Avg volume: How many shares change hands on a typical day. Higher means it's easy to buy or exit without moving the price.
56.34M
Day range: The lowest and highest price the shares traded at during the latest day.
$2.74 – $2.87
52-week range: The lowest and highest the shares have traded over the past year - a sense of how wide the swings have been.
$2.22 – $10.87
Beta: How bumpy the share price is versus the whole market. Above 1 swings more than the market; below 1 is calmer. It's about the ride, not whether it goes up or down.
3.59

Does the share price tell you if it's cheap or expensive?

One share costs$2.79
Number of shares1.24 billion
So the whole company is worth$3.45bn
A £5 share is not cheaper than a £500 one - it means the company cut itself into more slices. Whether the total looks high or low is what the figures below are for; we don't give a verdict.

Who owns Opendoor Technologies Inc.?

Big institutions 59%Company insiders 5%Public & smaller investors 37%

About 59% of Opendoor Technologies Inc., or about 59 in every 100 shares, is held by big institutions such as pension and index funds, and company insiders hold about 5%. The rest, roughly 37%, is held by the public and smaller investors.

What this does and doesn't tell you

This is a recent snapshot of the share register, and it moves. We don't read anything into who owns what - a high institutional share is common for any large listed company and is not a signal about it.

How bumpy is it?Beta: How bumpy the share price is versus the whole market. Above 1 swings more than the market; below 1 is calmer. It's about the ride, not whether it goes up or down. 3.59
Calm
Wild
Bumpier than the market

Based on beta - how much the price swings versus the whole market. Bumpier isn't bad; it just means a rougher ride, which matters more the sooner you might need the money.

Why has it been moving?▲ +2% past week · ▲ +82% past year

Prices move on results, news and the mood of the whole market - no single headline explains a day, and a quiet week is usually just noise, not a signal.

How much money does Opendoor Technologies Inc. make?

Revenue and profit by quarter, and how much of each sale turns into profit.

RevenueNet income
$0$391.75M$783.50M$1.18B$1.57BQ2 25Q3 25Q4 25Q1 26Q2 26
Gross margin
8.6%
Net margin
-46.7%
Return on equity
-196.9%

When does Opendoor Technologies Inc. report earnings, and how did recent quarters go?

Opendoor Technologies Inc. is next scheduled to report on about 2026-11-05 - dates can move, and we don't predict results; this just tells you when to look.

‘Beat’ and ‘missed’ are against what analysts expected, not whether the business is doing well.

Opendoor Technologies Inc.: reported versus expected earnings per share, recent quarters
ReportedExpected EPS: The earnings per share analysts expected for the quarter - the average of their forecasts. 'Beating' or 'missing' is measured against this number.Actual EPSvs expected
2026-05-07$-0.06$-0.05Beat +16%
2026-02-19$-0.09$-0.07Beat +24%
2025-11-06$-0.07$-0.08Missed -20%
2025-08-05$-0.02$-0.01Beat +36%
2025-05-06$-0.10$-0.09Beat +16%
2025-02-27$-0.14$-0.11Beat +21%

Across the last 6 quarters here, Opendoor Technologies Inc. came in ahead of what analysts expected 5 times. One quarter is noise, not a trend.

See who else reports over the next two weeks →

Where these figures come from

Each quarter a company reports its results against a consensus of analyst forecasts. The figures here are reported versus expected earnings per share from published results; the expectation is that analyst consensus, not our view. Report dates are estimates and can move.

What are the scenarios for Opendoor Technologies Inc.?

An illustrative range for the year ahead — not a prediction or a price target.

◀ lowerhigher ▶todayBull▲ UpsideBase• In-lineBear▼ Downside
Bull
+15% to +35%A sudden drop in mortgage rates sparks a rush of new property transactions.
Base
-5% to +10%The housing market ticks along quietly with steady, unspectacular trading volumes.
Bear
-30% to -15%Stubbornly high borrowing costs freeze the property market and stall home sales.

What are the pros, cons and common questions?

The case each way, and the questions people ask
The bull case

Digital home flipping becomes the mainstream method for buying and selling houses across America.

The bear case

Traditional estate agents prove too resilient and online flipping fails to achieve sustainable profits.

What are the pros and cons of Opendoor Technologies Inc.?

3bull points
6bear points

A balance check, not a score or verdict.

The bull case3
  • Recognized pioneer in digital property trading
  • Removes traditional estate agent delays for motivated sellers
  • Massive potential market size across American suburbs
The catch3
  • Deeply negative net profit margins
  • Revenues are shrinking significantly year-on-year
  • Highly vulnerable to sudden drops in house prices
Key risks3
  • Holding expensive property during a market downturn
  • High market volatility reflected by a high beta
  • Ongoing losses threatening financial stability
What would flip the thesis

The write-up's own warning lights — if these start happening, the case above changes.

  • Consecutive quarters of positive net income
  • A major rebound in year-on-year revenue growth

Common questions about Opendoor Technologies Inc.

Does Opendoor Technologies Inc. pay a dividend?

No - Opendoor Technologies Inc. does not currently pay a dividend, so the return would rest on the share price. Many growing companies reinvest profits instead of paying them out.

When does Opendoor Technologies Inc. report earnings next?

Opendoor Technologies Inc. is next scheduled to report results on about 2026-11-05. Report dates are estimates and can move; this is a diary note for when to look, not a forecast of the outcome.

More in Real Estate

Hammerson PlcGreat Portland Estates PlcShaftesbury Capital PLCDerwent London PlcPrimary Health Properties PlcUnite Group PLCSupermarket Income REIT plcTarget Healthcare REIT PLC
Confidence: low · data: USD · flags: pe, earnings_growth · Charts by TradingView Lightweight Charts™
Found this useful? The Almanac is free and ad-free - a coffee keeps it that way.Support →

Built from public filings & market prices, checked for an education-only tone, and never a price target. How we make these →

This plain-English summary was auto-generated on 2026-08-02 from public data and checked for an education-only, no-advice tone (the figures above carry their own, usually fresher, 'as of' date). It's information, never a recommendation.

Prices as of 11 Sep 2026; other figures as of 11 Aug 2026. Prices may be delayed and numbers can go stale - always double-check before acting.