Opendoor (OPEN) | Financial Analysis & Statements

Opendoor Technologies Inc. | Small-cap | Real Estate

$0.61

7.77%

Opendoor vs CBRE Opendoor vs CoStar Group Opendoor vs eXp World Holdings Opendoor vs Redfin Opendoor vs Marcus & Millichap Opendoor vs S&P 500 | Market

Overview Income Statement Balance Sheet Cash Flow Key Ratios Peer Comparison

Financial Overview

Latest Annual: 2024

Income Metrics

Revenue 5.2B

Gross Profit 433.0M 8.40%

Operating Income -303.0M -5.88%

Net Income -392.0M -7.61%

EPS (Diluted) -$0.56

Balance Sheet Metrics

Total Assets 3.1B

Total Liabilities 2.4B

Shareholders Equity 713.0M

Debt to Equity 3.38

Cash Flow Metrics

Operating Cash Flow -592.0M

Free Cash Flow -620.0M

Revenue & Profitability Trend

Opendoor Income Statement From 2020 to 2024

Metric	2024	2023	2022	2021	2020
Revenue	5.2B	6.9B	15.6B	8.0B	2.6B
Cost of Goods Sold	4.7B	6.5B	14.9B	7.3B	2.4B
Gross Profit	433.0M	487.0M	667.0M	730.0M	220.0M
Operating Expenses	736.0M	859.0M	1.5B	1.3B	406.0M
Operating Income	-303.0M	-372.0M	-854.0M	-568.0M	-186.0M
Pre-tax Income	-391.0M	-274.0M	-1.4B	-661.0M	-253.0M
Income Tax	1.0M	1.0M	2.0M	1.0M	0
Net Income	-392.0M	-275.0M	-1.4B	-662.0M	-253.0M
EPS (Diluted)	-$0.56	-$0.42	-$2.16	-$1.12	-$2.62

Income Statement Trend

Opendoor Balance Sheet From 2020 to 2024

Metric	2024	2023	2022	2021	2020
Assets
Current Assets	3.0B	3.4B	6.5B	9.3B	2.1B
Non-Current Assets	129.0M	122.0M	142.0M	166.0M	123.0M
Total Assets	3.1B	3.6B	6.6B	9.5B	2.2B
Liabilities
Current Liabilities	529.0M	70.0M	1.5B	4.4B	393.0M
Non-Current Liabilities	1.9B	2.5B	4.0B	2.9B	230.0M
Total Liabilities	2.4B	2.6B	5.5B	7.3B	623.0M
Equity
Total Shareholders Equity	713.0M	967.0M	1.1B	2.2B	1.6B

Balance Sheet Composition

Opendoor Cash Flow Statement From 2020 to 2024

Metric	2024	2023	2022	2021	2020
Operating Activities
Net Income	-392.0M	-275.0M	-1.4B	-662.0M	-253.0M
Operating Cash Flow	-592.0M	2.6B	608.0M	-5.8B	705.4M
Investing Activities
Capital Expenditures	-25.0M	-37.0M	-37.0M	-33.0M	-17.0M
Investing Cash Flow	28.0M	44.0M	234.0M	-475.0M	-22.0M
Financing Activities
Dividends Paid	-	-	-	-	-
Financing Cash Flow	-215.0M	-2.6B	-1.8B	7.4B	32.0M
Free Cash Flow	-620.0M	2.3B	693.0M	-5.8B	665.0M

Cash Flow Trend

Opendoor Key Financial Ratios

Valuation Ratios

P/E Ratio (TTM) -0.98

Forward P/E -1.96

Price to Book 0.60

Price to Sales 0.08

PEG Ratio -1.96

Profitability Ratios

Profit Margin -7.18%

Operating Margin -4.60%

Return on Equity -47.67%

Return on Assets -4.96%

Financial Health

Current Ratio 2.99

Debt to Equity 391.63

Beta 2.76

Per Share Data

EPS (TTM) -$0.52

Book Value per Share $0.89

Revenue per Share $7.22

Peer Financial Comparison

Company	Market Cap	P/E Ratio	P/B Ratio	ROE	Profit Margin	Debt/Equity
open	386.4M	-0.98	0.60	-47.67%	-7.18%	391.63
CBRE	39.9B	40.94	4.77	11.92%	2.74%	100.42
CoStar Group	33.8B	285.86	3.96	1.47%	4.17%	13.09
eXp World Holdings	1.4B	369.33	6.74	-6.44%	-0.36%	0.00
Redfin	1.5B	-8.63	-9.45	200.65%	-18.35%	-6.44
Marcus & Millichap	1.2B	75.73	1.95	-1.09%	-0.96%	13.59

Financial data is updated regularly. All figures are in the company's reporting currency.