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Companies / Real Estate / Opendoor Technologies Inc.
OPEN

Opendoor Technologies Inc.

Real EstateReal Estate
Ticker OPENTEMPE, AZFiscal year ends DecemberBook value per share $0.95Diluted shares 962.6M

Opendoor Technologies Inc. (Nasdaq: OPEN) operates a digital platform for residential real estate, allowing homeowners to sell directly to the company and buyers to purchase homes online. Its core Cash Offer product lets sellers receive an offer, choose a closing date and sell without listing on the open market; its… From the company’s description.

In fiscal 2025, Opendoor Technologies Inc. reported revenue of $4.37B, down 15.2% from fiscal 2024, and a net loss of $1.30B. Its operating margin was −6.6%, and operations generated $1.05B in cash. Over the twelve months to Jun 30, 2026, revenue was $3.25B.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$4.37BFY2025
−15.2% year over year
Last 12 mo $3.25B
-6.57%FY2025
−0.4 percentage points
Last 12 mo -16.01%
$-1.30BFY2025
−231.6% year over year
Last 12 mo $-1.52B
-128.36%FY2025
−75.8 percentage points
Last 12 mo -166.41%
Cash & financing
$1.05BFY2025
+276.3% year over year
Last 12 mo $-459.00M
$1.04BFY2025
+267.3% year over year
Last 12 mo $-474.00M
1.31FY2025
Was 3.23× a year earlier
Last 12 mo 2.14
766.5MFY2025
+9.6% year over year
Last 12 mo 962.6M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Opendoor Technologies Inc. does

In the company’s own words

Opendoor Technologies Inc. (Nasdaq: OPEN) operates a digital platform for residential real estate, allowing homeowners to sell directly to the company and buyers to purchase homes online. Its core Cash Offer product lets sellers receive an offer, choose a closing date and sell without listing on the open market; its Cash Plus option provides upfront proceeds with potential participation in resale proceeds. Opendoor buys, prepares and resells homes as principal, and also earns service revenue through title and escrow services and limited referrals. The platform uses software, data science and AI to assess homes, price offers, manage repairs and inventory, and support digital transactions. The company’s operations combine home sales with ancillary transaction services rather than being organized around reportable segments. In 2025, Opendoor generated $4.4 billion in revenue and sold more than 11,700 homes; it employed 1,042 people as of December 31, 2025. Founded in 2014, it expanded from its initial Phoenix market and began broadening its buying coverage to substantially all residential ZIP codes in the contiguous United States in late 2025. Its website is https://www.opendoor.com.

Company details
Sector
Real Estate
Industry (SIC)
Real Estate
Headquarters
TEMPE, AZ
Fiscal year end
December
CIK
1801169
SIC
6531

Financial performance, year by year

Fiscal 2020–2025 · USD
$-3.23B$1.90B$7.02B$12.15B$17.28B202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Opendoor Technologies Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

166
funds hold it
0 of 35
superinvestors hold it
$1.22B
held by funds, at market
25.8%
of shares held by funds
1
bond issues held by funds

Largest fund holders · Opendoor Technologies Inc.’s weight in each

VANGUARD REAL ESTATE INDEX FUND
VNQ · VANGUARD SPECIALIZED FUNDS
—of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.13%of fund net assets
VANGUARD SMALL-CAP INDEX FUND
VB · VANGUARD INDEX FUNDS
0.04%of fund net assets
4.89%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Opendoor Technologies Inc.’s bonds, as funds hold them

Funds report holding 1 issues of Opendoor Technologies Inc.’s debt, $2.25M at market value — what funds hold, not the company’s total debt. Weighted-average coupon 7.00%, maturing 2030 to 2030.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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  • “How do Opendoor Technologies Inc. and its peers compare on margins and cash generation over ten years?”
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