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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 as a leading e-commerce platform for residential real estate transactions and the largest U.S. iBuyer. Founded in 2014, the company reimagines home buying and selling through a digital-first experience that eliminates traditional intermediaries and friction points… From the company’s description.

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 as a leading e-commerce platform for residential real estate transactions and the largest U.S. iBuyer. Founded in 2014, the company reimagines home buying and selling through a digital-first experience that eliminates traditional intermediaries and friction points inherent in conventional real estate transactions. The company's website is opendoor.com.

The core business model centers on acquiring homes directly from sellers for cash, then reselling those properties to buyers at market prices. This principal-based approach contrasts with traditional real estate brokers who earn commissions by facilitating transactions between third parties. In 2025, Opendoor sold over 11,700 homes and generated $4.4 billion in revenue while maintaining an average Net Promoter Score of nearly 80 from sellers since 2021. The company has bought and sold over 294,000 homes across the United States since its 2014 launch in Phoenix.

Opendoor's primary product offerings include its Cash Offer, which enables homeowners to sell directly to the company for cash, and Cash Plus Offer, a variant allowing sellers to retain potential upside participation in resale proceeds. The company also provides integrated title insurance and escrow services through subsidiaries, offering these services on both acquisition and resale sides of transactions. In 2025, Opendoor provided title services for over 80 percent of its home transactions that closed in markets where these services were available.

The company's competitive advantages stem from proprietary artificial intelligence pricing models, extensive proprietary data collection from approximately one million home assessments, and centralized operations powered by machine learning. As of December 31, 2025, Opendoor employed 1,042 individuals, with 858 based in the United States. The company operates across a nationwide footprint, having expanded in late 2025 from limited geographies to effectively nationwide coverage across the contiguous United States, with the ability to make offers in substantially all residential zip codes. Opendoor maintains a network of over 450 trade partners and local service providers who utilize the company's proprietary technology for inspections, repairs, and maintenance services.

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.

Compare this company with peers, find it in your funds and follow its financial history with your connected AI:

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