Opendoor Technologies Inc.

NasdaqGS:OPEN Stock Report

Market Cap: US$5.1b

Opendoor Technologies Balance Sheet Health

Financial Health criteria checks 4/6

Opendoor Technologies has a total shareholder equity of $811.0M and total debt of $1.8B, which brings its debt-to-equity ratio to 219.4%. Its total assets and total liabilities are $2.7B and $1.9B respectively.

Key information

219.36%

Debt to equity ratio

US$1.78b

Debt

Interest coverage ration/a
CashUS$962.00m
EquityUS$811.00m
Total liabilitiesUS$1.89b
Total assetsUS$2.70b

Recent financial health updates

Recent updates

Opendoor Technologies Inc. (NASDAQ:OPEN) Just Reported And Analysts Have Been Lifting Their Price Targets

Nov 10
Opendoor Technologies Inc. (NASDAQ:OPEN) Just Reported And Analysts Have Been Lifting Their Price Targets

Opendoor: If You're Hoping For A Quick Turnaround, Think Again

Nov 07

Opendoor Technologies Inc.'s (NASDAQ:OPEN) 30% Dip In Price Shows Sentiment Is Matching Revenues

Oct 19
Opendoor Technologies Inc.'s (NASDAQ:OPEN) 30% Dip In Price Shows Sentiment Is Matching Revenues

Improved Revenues Required Before Opendoor Technologies Inc. (NASDAQ:OPEN) Stock's 112% Jump Looks Justified

Sep 02
Improved Revenues Required Before Opendoor Technologies Inc. (NASDAQ:OPEN) Stock's 112% Jump Looks Justified

Analysts Have Been Trimming Their Opendoor Technologies Inc. (NASDAQ:OPEN) Price Target After Its Latest Report

May 09
Analysts Have Been Trimming Their Opendoor Technologies Inc. (NASDAQ:OPEN) Price Target After Its Latest Report

Not Many Are Piling Into Opendoor Technologies Inc. (NASDAQ:OPEN) Stock Yet As It Plummets 25%

May 06
Not Many Are Piling Into Opendoor Technologies Inc. (NASDAQ:OPEN) Stock Yet As It Plummets 25%

Opendoor Technologies' iBuying Problem Isn't Cyclical - It's Structural

Mar 31
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Optimizing contribution margins and aligning with macro indicators could improve net margins and maintain healthy unit economics.

Investors Give Opendoor Technologies Inc. (NASDAQ:OPEN) Shares A 26% Hiding

Mar 16
Investors Give Opendoor Technologies Inc. (NASDAQ:OPEN) Shares A 26% Hiding

Opendoor Technologies Inc. (NASDAQ:OPEN) Just Reported, And Analysts Assigned A US$1.59 Price Target

Mar 02
Opendoor Technologies Inc. (NASDAQ:OPEN) Just Reported, And Analysts Assigned A US$1.59 Price Target

Opendoor Technologies: Good Long-Term Potential, But Near-Term Risk Is High

Jan 18

Not Many Are Piling Into Opendoor Technologies Inc. (NASDAQ:OPEN) Stock Yet As It Plummets 27%

Jan 10
Not Many Are Piling Into Opendoor Technologies Inc. (NASDAQ:OPEN) Stock Yet As It Plummets 27%

Opendoor Technologies: Minimal Recovery Catalysts - More Uncertainties In The Near-Term

Dec 21

Even With A 30% Surge, Cautious Investors Are Not Rewarding Opendoor Technologies Inc.'s (NASDAQ:OPEN) Performance Completely

Nov 26
Even With A 30% Surge, Cautious Investors Are Not Rewarding Opendoor Technologies Inc.'s (NASDAQ:OPEN) Performance Completely

Opendoor Technologies: Business Model Showing Signs Of Weaknesses

Nov 20

Opendoor Technologies Inc. (NASDAQ:OPEN) Just Reported Third-Quarter Earnings: Have Analysts Changed Their Mind On The Stock?

Nov 11
Opendoor Technologies Inc. (NASDAQ:OPEN) Just Reported Third-Quarter Earnings: Have Analysts Changed Their Mind On The Stock?

Opendoor: Left Behind By Recent Market Recovery - Maintain Speculative Buy

Oct 04

Opendoor: Macro Uncertainty Is More Important Than Rates

Sep 23

Opendoor Technologies: Valuation Approaching An Attractive Entry Point

Aug 29

Opendoor: Outperformance Is Not Enough

Aug 05

Opendoor: The Fed Pivot May Jumpstart Its Prospects

Jul 13

Opendoor: Path To Breakeven Remains Far, A Very Tough Call

Jun 13

5 Reasons To Buy Opendoor

May 13

Opendoor Remains Attractive For Opportunistic Investors Looking For The Great Upside

Mar 02

Opendoor Technologies: Fortune Favors The Bold

Feb 25

Financial Position Analysis

Short Term Liabilities: OPEN's short term assets ($2.6B) exceed its short term liabilities ($914.0M).

Long Term Liabilities: OPEN's short term assets ($2.6B) exceed its long term liabilities ($975.0M).


Debt to Equity History and Analysis

Debt Level: OPEN's net debt to equity ratio (100.7%) is considered high.

Reducing Debt: OPEN's debt to equity ratio has increased from 40.3% to 219.4% over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Whilst unprofitable OPEN has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: OPEN is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 16% per year.


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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/11/10 23:20
End of Day Share Price 2025/11/07 00:00
Earnings2025/09/30
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Opendoor Technologies Inc. is covered by 17 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Justin AgesBerenberg
Curtis NagleBofA Global Research
James FullerBTIG