OPENOpendoor Technologies Inc.
Real Estate Agents & Managers (for Others)
- Revenue
- $4.4B
- 15% YoY
- Operating margin
- -6.6%
- 5.7% YoY
- EBITDA
- −$256M
- 11% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- —
- −$450M net debt
- AI in 10-K
- —
Red flags 0 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear—Cash flow under 80% of net income
- Dilutive SBCClear4% of revenueOver 10% of revenue
- Payouts exceed cash flowClear0% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear0% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $8.0B | $15.6B | $6.9B | $5.2B | $4.4B | 15% |
| Operating income | −$568M | −$931M | −$386M | −$320M | −$287M | 10% |
| Net income | −$662M | −$1.4B | −$275M | −$392M | −$1.3B | 232% |
| Operating cash flow | −$5.8B | $730M | $2.3B | −$595M | $1.0B | 276% |
| Capex | $33M | $37M | $37M | $25M | $12M | 52% |
| Stock-based comp | $536M | $171M | $126M | $114M | $159M | 39% |
| Buybacks | $0 | — | — | — | — |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $0 · 0
- Open-market sells, 12 mo
- $21K · 1
- Net
- −$21K
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | $741M | $428M | 19 | 125 |
| FY2024 | — | — | 5 | 117 |
| FY2023 | — | — | 14 | 104 |
| FY2022 | — | — | 4 | 77 |
| FY2021 | — | — | 47 | 112 |