Opendoor’s mission is to empower everyone with the freedom to move. Since 2014, Opendoor has provided people across the U.S. with a radically simple way to buy, sell or trade-in a home. Opendoor operates in a growing number of markets across the U.S.
Company profile
Ticker
OPEN
Exchange
Website
CEO
Eric Chung Wei Wu
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
Social Capital Hedosophia Holdings Corp. II
SEC CIK
Corporate docs
Subsidiaries
Digital Opendoor Insurance Services LLC • OD Arizona D LLC • OD Equity Owner D LLC • OD Homes Brokerage Inc • OD Intermediate Holdco C LLC • OD Intermediate SUBI Holdco I LLC • OD Intermediate SUBI Holdco II LLC • OD Intermediate SUBI Holdco IV LLC • OD Intermediate SUBI Holdco V LLC • OD Intermediate SUBI Holdco VII LLC ...
IRS number
981515020
OPEN stock data
Analyst ratings and price targets
Latest filings (excl ownership)
8-K
Other Events
15 Mar 23
8-K
Regulation FD Disclosure
13 Mar 23
10-K
2022 FY
Annual report
23 Feb 23
8-K
Departure of Directors or Certain Officers
23 Feb 23
8-K
Opendoor Announces Fourth Quarter and Full Year 2022 Financial Results
23 Feb 23
8-K
Amendments to Articles of Incorporation or Bylaws
24 Jan 23
8-K
Departure of Directors or Certain Officers
29 Dec 22
8-K
Departure of Directors or Certain Officers
1 Dec 22
10-Q
2022 Q3
Quarterly report
3 Nov 22
8-K
Opendoor Announces Third Quarter of 2022 Financial Results
3 Nov 22
Transcripts
OPEN
Earnings call transcript
2022 Q4
23 Feb 23
OPEN
Earnings call transcript
2022 Q3
3 Nov 22
OPEN
Earnings call transcript
2022 Q2
5 Aug 22
OPEN
Earnings call transcript
2022 Q1
6 May 22
OPEN
Earnings call transcript
2021 Q4
25 Feb 22
OPEN
Earnings call transcript
2021 Q3
11 Nov 21
OPEN
Earnings call transcript
2021 Q2
12 Aug 21
OPEN
Earnings call transcript
2021 Q1
12 May 21
OPEN
Earnings call transcript
2020 Q4
5 Mar 21
Latest ownership filings
Financial summary
| Quarter (USD) | Dec 22 | Sep 22 | Jun 22 | Mar 22 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
| Operating margin | |||||
| Net income | |||||
| Net profit margin | |||||
| Cash on hand | |||||
| Change in cash | |||||
| Diluted EPS |
| Annual (USD) | Dec 22 | Dec 21 | Dec 20 | |
|---|---|---|---|---|
| Revenue | ||||
| Cost of revenue | ||||
| Operating income | ||||
| Operating margin | ||||
| Net income | ||||
| Net profit margin | ||||
| Cash on hand | ||||
| Change in cash | ||||
| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 1.79 bn | 1.79 bn | 1.79 bn | 1.79 bn | 1.79 bn | 1.79 bn |
| Cash burn (monthly) | 429.33 mm | 65.58 mm | 133.00 mm | 105.08 mm | (no burn) | (no burn) |
| Cash used (since last report) | 1.15 bn | 175.40 mm | 355.70 mm | 281.04 mm | n/a | n/a |
| Cash remaining | 642.76 mm | 1.62 bn | 1.44 bn | 1.51 bn | n/a | n/a |
| Runway (months of cash) | 1.5 | 24.6 | 10.8 | 14.4 | n/a | n/a |
Institutional ownership, Q4 2022
| 13F holders | Current |
|---|---|
| Total holders | 292 |
| Opened positions | 56 |
| Closed positions | 87 |
| Increased positions | 79 |
| Reduced positions | 91 |
| 13F shares | Current |
|---|---|
| Total value | 502.22 bn |
| Total shares | 531.96 mm |
| Total puts | 3.61 mm |
| Total calls | 23.66 mm |
| Total put/call ratio | 0.2 |
| Largest owners | Shares | Value |
|---|---|---|
| Vanguard | 68.34 mm | $79.28 bn |
| Access Industries Management | 53.60 mm | $1.02 bn |
| Khosla Ventures IV | 46.12 mm | $1.05 bn |
| GS Goldman Sachs | 44.97 mm | $52.17 bn |
| Sylebra Capital | 32.44 mm | $37.63 bn |
| BLK Blackrock | 25.27 mm | $29.31 bn |
| Slate Path Capital | 23.51 mm | $27.27 bn |
| First Trust Advisors | 15.63 mm | $18.12 bn |
| GGV Capital | 14.86 mm | $17.23 bn |
| Deutsche Bank AG - Registered Shares | 13.59 mm | $15.76 bn |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 15 Mar 23 | Christina Schwartz | Common Stock | Sell | Dispose S | No | Yes | 1.5188 | 21,648 | 32.88 k | 778,055 |
| 15 Mar 23 | Wheeler Carrie | Common Stock | Sell | Dispose S | No | Yes | 1.5188 | 112,066 | 170.21 k | 18,554,057 |
| 1 Mar 23 | Wheeler Carrie | Common Stock | Sell | Dispose S | No | Yes | 1.3559 | 394,700 | 535.17 k | 18,666,123 |
| 24 Feb 23 | Glenn Solomon | Common Stock | Grant | Acquire A | No | No | 0 | 41,720 | 0.00 | 68,751 |
| 24 Feb 23 | Rice E. John Jr | Common Stock | Grant | Acquire A | No | No | 0 | 51,348 | 0.00 | 107,547 |
News
What 4 Analyst Ratings Have To Say About Opendoor Technologies
20 Mar 23
Nasdaq, S&P 500, Dow Move Higher On Central Bank Liquidity Boost: Analyst Says Potential Relief Rally On Horizon
20 Mar 23
JMP Securities Reiterates Market Outperform on Opendoor Technologies, Maintains $3 Price Target
20 Mar 23
UBS Group, Credit Suisse And Other Big Stocks Moving Lower In Monday's Pre-Market Session
20 Mar 23
Smartsheet, SentinelOne, Canadian Pacific Railway And Other Big Stocks Moving Higher On Wednesday
15 Mar 23
Press releases
OPENDOOR ALERT: Bragar Eagel & Squire, P.C. is Investigating Opendoor Technologies, Inc. on Behalf of Long-Term Stockholders and Encourages Investors to Contact the Firm
9 Mar 23
Investigation Alert DAKT, OPEN, OLO, and VWE: Johnson Fistel, LLP Encourages Long-Term Investors to Contact the Firm; Should Management be Held Accountable for Investors' Losses?
6 Mar 23
Opendoor Announces Fourth Quarter and Full Year 2022 Financial Results
23 Feb 23
Selling made easier: Zillow customers can now choose between a cash offer from Opendoor or selling with an agent
15 Feb 23
Thinking about buying stock in Palantir Technologies, Fusion Pharmaceuticals, Rain Oncology, Iveda Solutions, or Opendoor Technologies?
14 Feb 23