OPEN - Opendoor Technologies Inc.
NASDAQ
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Real Estate
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Real Estate Services
San Francisco,
United States
Type: Equity
OPEN price evolution
OPEN
| (in millions $) | 31 Dec 2023 | 30 Sep 2023 | 30 Jun 2023 | 31 Mar 2023 |
|---|---|---|---|---|
| Current assets | ||||
| Cash | $1540 | $2378 | $2804 | $2658 |
| Short term investments | $69 | $72 | $90 | $108 |
| Net receivables | $9 | $11 | $13 | $42 |
| Inventory | $1775 | $1311 | $1149 | $2118 |
| Total current assets | $3445 | $3819 | $4093 | $4972 |
| Long term investments | ||||
| Property, plant & equipment | $91 | $95 | $90 | $98 |
| Goodwill & intangible assets | $9 | $11 | $13 | $15 |
| Total noncurrent assets | $122 | $128 | $130 | $140 |
| Total investments | $69 | $72 | $90 | $108 |
| Total assets | $3567 | $3947 | $4223 | $5112 |
| Current liabilities | ||||
| Accounts payable | $64 | $67 | $65 | $77 |
| Deferred revenue | ||||
| Short long term debt | $5 | $6 | $22 | $362 |
| Total current liabilities | $70 | $74 | $88 | $443 |
| Long term debt | $2529 | $2852 | $3049 | $3633 |
| Total noncurrent liabilities | $2530 | $2853 | $3049 | $3633 |
| Total debt | $2534 | $2858 | $3071 | $3995 |
| Total liabilities | $2600 | $2927 | $3137 | $4076 |
| Shareholders' equity | ||||
| Retained earnings | -$3333 | -$3242 | -$3136 | -$3159 |
| Other shareholder equity | -$1 | -$1 | -$2 | -$3 |
| Total shareholder equity | $967 | $1020 | $1086 | $1036 |
| (in millions $) | 31 Dec 2023 | 31 Jan 2023 | 31 Dec 2021 | 31 Dec 2020 |
|---|---|---|---|---|
| Current assets | ||||
| Cash | $1540 | $1791 | $2578 | $1505.53 |
| Short term investments | $69 | $144 | $491 | $55.17 |
| Net receivables | $9 | $30 | $84 | $1.49 |
| Inventory | $1775 | $4460 | $6096 | $465.94 |
| Total current assets | $3445 | $6466 | $9340 | $2053.11 |
| Long term investments | ||||
| Property, plant & equipment | $91 | $99 | $87 | $78.75 |
| Goodwill & intangible assets | $9 | $16 | $72 | $39.63 |
| Total noncurrent assets | $122 | $142 | $166 | $122.47 |
| Total investments | $69 | $144 | $491 | $55.17 |
| Total assets | $3567 | $6608 | $9506 | $2175.58 |
| Current liabilities | ||||
| Accounts payable | $64 | $5 | $137 | $25.27 |
| Deferred revenue | ||||
| Short long term debt | $5 | $1383 | $4251 | $367.04 |
| Total current liabilities | $70 | $1505 | $4400 | $393.39 |
| Long term debt | $2529 | $3979 | $2858 | $182.09 |
| Total noncurrent liabilities | $2530 | $4017 | $2858 | $182.19 |
| Total debt | $2534 | $5400 | $7109 | $549.13 |
| Total liabilities | $2600 | $5522 | $7258 | $575.58 |
| Shareholders' equity | ||||
| Retained earnings | -$3333 | -$3058 | -$1705 | -$1077.24 |
| Other shareholder equity | -$1 | -$4.06 | -$2 | $0.04 |
| Total shareholder equity | $967 | $1086 | $2248 | $1600.01 |
| (in millions $) | 31 Dec 2023 | 30 Sep 2023 | 30 Jun 2023 | 31 Mar 2023 |
|---|---|---|---|---|
| Revenue | ||||
| Total revenue | $870 | $980 | $1976 | $3120 |
| Cost of revenue | $798 | $884 | $1827 | $2950 |
| Gross Profit | $72 | $96 | $149 | $170 |
| Operating activities | ||||
| Research & development | $46 | $42 | $39 | $40 |
| Selling, general & administrative | $137 | $133 | $168 | $254 |
| Total operating expenses | $187 | $175 | $217 | $294 |
| Operating income | -$115 | -$79 | -$68 | -$124 |
| Income from continuing operations | ||||
| EBIT | -$54 | -$59 | $77 | -$27 |
| Income tax expense | $1 | |||
| Interest expense | $37 | $47 | $53 | $74 |
| Net income | ||||
| Net income | -$91 | -$106 | $23 | -$101 |
| Income (for common shares) | -$91 | -$106 | $23 | -$101 |
| (in millions $) | 31 Dec 2023 | 31 Dec 2022 | 31 Dec 2021 | 31 Dec 2020 |
|---|---|---|---|---|
| Revenue | ||||
| Total revenue | $6946 | $15567 | $8021 | $2583.12 |
| Cost of revenue | $6459 | $14900 | $7291 | $2363.32 |
| Gross Profit | $487 | $667 | $730 | $219.8 |
| Operating activities | ||||
| Research & development | $167 | $169 | $134 | $58.17 |
| Selling, general & administrative | $692 | $1352 | $1164 | $347.49 |
| Total operating expenses | $873 | $1598 | $1298 | $405.66 |
| Operating income | -$386 | -$931 | -$568 | -$185.87 |
| Income from continuing operations | ||||
| EBIT | -$63 | -$966 | -$518 | -$218.89 |
| Income tax expense | $1 | $2 | $1 | $0.06 |
| Interest expense | $211 | $385 | $143 | $67.81 |
| Net income | ||||
| Net income | -$275 | -$1353 | -$662 | -$286.76 |
| Income (for common shares) | -$275 | -$1353 | -$662 | -$286.76 |
| (in millions $) | 31 Dec 2023 | 30 Sep 2023 | 30 Jun 2023 | 31 Mar 2023 |
|---|---|---|---|---|
| Net income | -$91 | -$106 | $23 | -$101 |
| Operating activities | ||||
| Depreciation | $17 | $12 | $19 | $24 |
| Business acquisitions & disposals | ||||
| Stock-based compensation | $32 | $31 | $21 | $42 |
| Total cash flows from operations | -$542 | -$216 | $940 | $2162 |
| Investing activities | ||||
| Capital expenditures | -$9 | -$11 | -$9 | -$8 |
| Investments | $5 | $14 | $24 | $38 |
| Total cash flows from investing | -$4 | $3 | $15 | $30 |
| Financing activities | ||||
| Dividends paid | ||||
| Sale and purchase of stock | $1 | $1 | $1 | $2 |
| Net borrowings | -$293 | -$214 | -$810 | -$1327 |
| Total cash flows from financing | -$292 | -$213 | -$809 | -$1325 |
| Effect of exchange rate | ||||
| Change in cash and equivalents | -$838 | -$426 | $146 | $867 |
| (in millions $) | 31 Dec 2023 | 31 Dec 2022 | 31 Dec 2021 | 31 Dec 2020 |
|---|---|---|---|---|
| Net income | -$275 | -$1353 | -$662 | -$286.76 |
| Operating activities | ||||
| Depreciation | $72 | $90 | $55 | $62.35 |
| Business acquisitions & disposals | -$10 | -$33 | ||
| Stock-based compensation | $126 | $171 | $536 | $38.01 |
| Total cash flows from operations | $2344 | $730 | -$5794 | $681.91 |
| Investing activities | ||||
| Capital expenditures | -$37 | -$37 | -$33 | -$17.34 |
| Investments | $81 | $281 | -$409 | -$4.53 |
| Total cash flows from investing | $44 | $234 | -$476 | -$21.87 |
| Financing activities | ||||
| Dividends paid | ||||
| Sale and purchase of stock | $5 | $6 | $872 | $978.12 |
| Net borrowings | -$2644 | -$1757 | $6448 | -$819.61 |
| Total cash flows from financing | -$2639 | -$1751 | $7342 | $160.66 |
| Effect of exchange rate | ||||
| Change in cash and equivalents | -$251 | -$787 | $1072 | $820.71 |
News
Fundamentals
| Market cap | $1.46B |
|---|---|
| Enterprise value | $2.45B |
| Shares outstanding | 677.64M |
| Revenue | $6.95B |
|---|---|
| EBITDA | $9.00M |
| EBIT | -$63.00M |
| Net Income | -$275.00M |
| Revenue Q/Q | -69.55% |
| Revenue Y/Y | -55.38% |
| P/E ratio | -5.31 |
|---|---|
| EV/Sales | 0.35 |
| EV/EBITDA | 272.70 |
| EV/EBIT | -38.96 |
| P/S ratio | 0.21 |
| P/B ratio | 1.51 |
| Book/Share | 1.43 |
| Cash/Share | 2.27 |
| EPS | -$0.41 |
|---|---|
| ROA | -6.53% |
| ROE | -26.77% |
| Debt/Equity | 2.69 |
|---|---|
| Net debt/EBITDA | 117.78 |
| Current ratio | 49.21 |
| Quick ratio | 23.86 |