Opendoor Technologies Inc. (OPEN) Stock Price & Analysis
Opendoor Technologies Inc. (OPEN) closed at USD 2.02 on Thursday, October 22, 2026, up 3.59% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 1.95; the Oct 22, 2026 session ranged USD 1.88–2.02 on volume of 33,607,952 shares. Market capitalization is $1.96B, with a 52-week range of USD 1.88–9.46 (NMS). Source: Nexqual, retrieved October 23, 2026 at 10:38 UTC.
Also available as compact Markdown for AI agents: nexqual.com/OPEN.md
Key facts (OPEN)
- Last four reported quarters (through Jun 30, 2026): revenue $3.25B, net income -$1.52B (-46.7% margin), free cash flow -$474M (SEC filings).
- Insider open-market sales, last ~7 months: 5 Form 4 filings, $603K; 1 not under a Rule 10b5-1 plan ($50K); 1 by opportunistic insiders (0 outside 10b5-1 plans), 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Insider open-market purchases, last ~7 months: 2 Form 4 filings, $588K; 0 by opportunistic insiders, 0 by routine insiders.
- Analysts: Hold (mean 3.00 on a 1–5 scale) (9 analysts), mean target USD 4.27 (range 1–7).
- Total return with dividends: 1Y -71.3% vs S&P 500 +14.9%; 5Y -91.4% vs S&P 500 +80.3%.
- Next earnings: 2026-11-05, EPS estimate USD -0.05, revenue estimate $1.08B.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (OPEN)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $8.02B | $15.6B | $6.95B | $5.15B | $4.37B | $3.25B |
| Gross profit | $730M | $667M | $487M | $433M | $350M | — |
| Operating income | -$568M | -$931M | -$386M | -$320M | -$287M | -$521M |
| Net income | -$662M | -$1.35B | -$275M | -$392M | -$1.30B | -$1.52B |
| EPS (diluted) | -$1.12 | -$2.16 | -$0.42 | -$0.56 | -$1.70 | — |
| Free cash flow | -$5.83B | $693M | $2.31B | -$620M | $1.04B | -$474M |
| Gross margin | 9.1% | 4.3% | 7.0% | 8.4% | 8.0% | — |
| Operating margin | -7.1% | -6.0% | -5.6% | -6.2% | -6.6% | -16.0% |
| Net margin | -8.3% | -8.7% | -4.0% | -7.6% | -29.7% | -46.7% |
| Revenue growth | +210.5% | +94.1% | -55.4% | -25.8% | -15.2% | — |
| Cash + short-term investments | $2.21B | $1.28B | $1.07B | $679M | $962M | — |
| Total debt | $954M | $959M | $376M | $378M | $0K | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (OPEN)
P/S 0.6x · P/B 2.1x · FCF yield -24.16% · Earnings yield -77.54%
Insider sales (SEC Form 4, open-market, last ~7 months) (OPEN)
4 of 5 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-10-15 | Nguyen Giang | Chief Operating Officer | 10,393 | $21K | 0.1% | Yes | Too little history (no open-market trades in 2023–2025) |
| 2026-07-15 | Nguyen Giang | Chief Operating Officer | 3,591 | $17K | 0% | Yes | Too little history (no open-market trades in 2023–2025) |
| 2026-06-16 | Benson David C | Director | 40,000 | $193K | 18.2% | Yes | Too little history (no open-market trades in 2023–2025) |
| 2026-05-15 | Schwartz Christina | Chief Financial Officer | 74,348 | $322K | 1.9% | Yes | Opportunistic (traded every year 2023–2025, no repeating month) |
| 2026-04-15 | Nguyen Giang | Chief Operating Officer | 10,866 | $50K | 0.1% | No | Too little history (no open-market trades in 2023–2025) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.
Insider purchases (SEC Form 4, open-market, last ~7 months) (OPEN)
2 purchases, $588K. Private placements, offerings, dividend reinvestment and employee stock purchase plan buys are excluded.
| Trade date | Insider | Role | Shares | Value | Avg price | Insider type |
|---|---|---|---|---|---|---|
| 2026-08-14 | Nejatian Kasra | Chief Executive Officer | 27,625 | $100K | 3.62 | Too little history (no open-market trades in 2023 or 2024) |
| 2026-05-11 | Nejatian Kasra | Chief Executive Officer | 100,000 | $488K | 4.88 | Too little history (no open-market trades in 2023 or 2024) |
Analysts (OPEN)
Consensus Hold (mean 3.00 on a 1–5 scale), 9 analysts; mean target USD 4.27 (low 1, high 7).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-09-11 | JP Morgan | Target lowered | Overweight | $8 → $7 |
| 2026-09-11 | Citizens | Reiterated | Market Perform | |
| 2026-08-05 | UBS | Target lowered | Neutral | $5 → $4.5 |
| 2026-07-13 | Keefe, Bruyette & Woods | Target raised | Underperform | $2.25 → $2.65 |
Total return (dividends reinvested) (OPEN)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | -71.3% | -91.4% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | -71.4% | -38.7% |
| Volatility (annualized) | 80.0% | 107.6% |
| Max drawdown | -79.2% (Nov 2025→Oct 2026) | -97.7% (Oct 2021→Jun 2025) |
OPEN suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Partner | ZILLOW GROUP, INC. (ZG) | “On July 28, 2022, the Company entered into a warrant agreement with Zillow, Inc. ("Zillow") in connection with a partnership arrangement that allows for Zillow to purchase up to 6 million shares of common stock that will vest in tranches (each, a "Tranche") upon Zillow providing resale marketing services to the Company.” |
Quoted from the company's 10-K filed Feb 19, 2026.
OPEN company outlook (results filed Aug 4, 2026)
- “Outlook: ◦ Acquisitions: You can track our acquisition contracts on accountable.opendoor.com 4 . ◦ Revenue: We expect revenue to increase at least 20% year-over-year. ◦ Contribution Profit 5 : We expect Contribution Profit dollars to more than double year over year.”
- “We expect Contribution Margin to be around 4% to 4.5%.”
Quoted word-for-word from the SEC 8-K results press release.
OPEN analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $-0.05 | $-0.02 | +135.3% | $1.08B | 3 |
| Next quarter (ends Dec 2026) | $-0.05 | $-0.03 | +44.8% | $1.17B | 3 |
| Current fiscal year (ends Dec 2026) | $-0.19 | $-0.14 | +30.9% | $3.83B | 3 |
| Next fiscal year (ends Dec 2027) | $-0.02 | $-0.01 | +78.0% | $7.28B | 3 |
OPEN options: expected move
Options price a move of about ±17.6% (±$0.36) by Nov 6, 2026, which includes earnings on Nov 5, 2026; the earnings reaction alone is priced at about ±9.5%. Over the last 8 reports the stock moved ±11% on average.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Oct 30, 2026 | 7 | 92.7% | ±11.1% |
| Nov 6, 2026 | 14 | 107.5% | ±17.6% |
| Nov 13, 2026 | 21 | 105.1% | ±20.5% |
| Nov 20, 2026 | 28 | 107.1% | ±24.0% |
| Nov 27, 2026 | 35 | 141.3% | ±34.9% |
| Dec 18, 2026 | 56 | 99.9% | ±30.9% |
| Jan 15, 2027 | 84 | 98.4% | ±37.1% |
| Feb 19, 2027 | 119 | 108.3% | ±48.5% |
30-day implied volatility 98.3% vs 72.8% realized over the last 30 trading days. Put/call ratio (volume) 0.09. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 23, 2026 at 10:38 UTC)
| Price | USD 2.02 |
|---|---|
| Change | ▲ 3.59% (up) |
| Previous Close | USD 1.95 |
| Open | USD 1.89 |
| Day Range | USD 1.88 – 2.02 |
| 52-Week Range | USD 1.88 – 9.46 |
| Volume | 33,607,952 shares |
| Market Cap | $1.96B |
| Exchange | NMS |
Technical Analysis (OPEN)
Nexqual's technical model rates OPEN "STRONG SELL" based on 0 bullish and 5 bearish signals across 127 daily candles, as of October 23, 2026 at 10:38 UTC.
| Overall Signal | STRONG SELL |
|---|---|
| RSI (14) | 33.59 (neutral) |
| vs SMA50 | Below (USD 2.75) |
| MACD | -0.21 (negative) |
Analyst Ratings (OPEN)
Wall Street analysts rate OPEN "Hold" based on 9 analysts, with a mean price target of USD 4.27 (range USD 1–7), per Nexqual as of October 23, 2026 at 10:38 UTC.
| Consensus Rating | Hold |
|---|---|
| Analyst Count | 9 |
| Mean Target | USD 4.27 |
| High Target | USD 7 |
| Low Target | USD 1 |
| Buy / Hold / Sell | 2 / 5 / 2 |
Earnings (OPEN)
| Next Earnings Date | 2026-11-05 |
|---|---|
| EPS Estimate | USD -0.05 |
| Revenue Estimate | $1.08B |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD -0.03 vs est -0.02 ▼ miss |
| 2026-03-31 | USD -0.05 vs est -0.06 ▲ beat |
| 2025-12-31 | USD -0.07 vs est -0.09 ▲ beat |
| 2025-09-30 | USD -0.08 vs est -0.07 ▼ miss |
Source: Nexqual, October 23, 2026 at 10:38 UTC.
Financials & Fundamentals (OPEN)
| Total Revenue | $3.25B |
|---|---|
| Revenue Growth (latest quarter, YoY) | -43.70% |
| Gross Margin | +8.64% |
| Operating Margin | -15.86% |
| Profit Margin | -46.74% |
| ROE | -196.89% |
| Debt / Equity | 2.15 |
| Current Ratio | 2.94 |
| Total Cash | $896.00M |
| Total Debt | $1.96B |
| Free Cash Flow (last four quarters to Jun 2026, SEC 10-Q / 10-K) | -$474.00M (-14.6% of revenue) |
Source: Nexqual, October 23, 2026 at 10:38 UTC.
Financial Health Score (OPEN)
Nexqual rates Opendoor Technologies Inc.'s overall financial health "Critical" across five dimensions, as of October 23, 2026 at 10:38 UTC.
| Growth | Critical — Revenue -15% YoY (annual), sharp decline |
|---|---|
| Profitability | Critical — Gross margin 9%, operating -16% (last 12 months) |
| Balance Sheet | Weak — $962M cash and investments, no debt (Dec 2025, SEC) |
| Cash Flow | Weak — FCF negative: -$474M (last 4 quarters to Jun 2026, SEC), burning cash |
| Efficiency | Critical — ROE -197%, ROA -10.9% |
Ownership (OPEN)
| Insider Ownership | +4.90% |
|---|---|
| Institutional Ownership | +57.98% |
| Shares Outstanding | 971.09M |
| Float | 952.38M |
| Short % of Float | +26.62% |
Source: Nexqual, October 23, 2026 at 10:38 UTC.
Leadership (OPEN)
Opendoor Technologies Inc. is led by Keith Rabois, Co-Founder & Chairman, per Nexqual as of October 23, 2026 at 10:38 UTC.
| Co-Founder & Chairman | Keith Rabois |
|---|---|
| Director of Capital Markets & Investor Relations | Michael Judd |
Major Backers & Investors (OPEN)
Notable institutional backers of Opendoor Technologies Inc. include Morgan Stanley, American Century Companies Inc, Lennar Corp, according to Nexqual as of October 23, 2026 at 10:38 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Morgan Stanley | 11.94% |
| American Century Companies Inc | 1.47% |
| Lennar Corp | 1.4% |
| Charles Schwab Investment Management, Inc. | 1.07% |
| Fidelity | 1.07% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| Vanguard Group | 11.49% |
| BlackRock | 7.56% |
| Geode Capital | 2.59% |
| State Street | 2.26% |
| Dimensional Fund Advisors | 1.3% |
Source: Nexqual, October 23, 2026 at 10:38 UTC.
From Opendoor Technologies Inc.'s Latest SEC 10-K Filing (filed 2026-02-19)
Key Strengths & Strategy (as disclosed to the SEC)
- Since inception, we have prioritized investment in proprietary data collection, machine learning models, and systematic pricing operations that enable us to deliver competitive offers to customers while managing acquisition volumes and resale policy decisions to meet our margin and risk management objectives.
- We have established a network of over 450 trade partners and local service providers who utilize our proprietary technology to complete inspections, home repairs and maintenance.
- We have historically demonstrated our ability to capture over 4% market share in multiple markets, with our oldest market cohorts showing deeper penetration over time.
- Our marketing engine is powered by proprietary data, analytics, and AI that enable us to measure performance across channels, optimize spend allocation, and continuously improve customer acquisition efficiency.
Partnerships
- During the process, the seller will typically host dozens of strangers walking through their home, and deal with the hassle of cleaning up and clearing out, often on short notice and during inconvenient times.
- Once an offer is received, the seller has to negotiate the offer, negotiate the closing date, and deal with any contingencies the buyer may have. •Negotiate repairs or fix issues identified by buyers.
Legal & Regulatory Risks (Item 1A, quoted)
- We operate in a highly regulated industry and are subject to a wide range of federal, state, and local laws, rules, and regulations. Failure to comply with these laws, rules, and regulations or to obtain and maintain required licenses, could adversely affect our business, results of operations, and financial condition.
- We entered into a consent order with the FTC that imposes ongoing obligations. Any alleged or actual noncompliance with the consent order could have a material adverse effect on our business.
- We are, and may in the future be, subject to securities litigation, which is expensive and could divert management attention.
- The market price of our common stock has been, and may continue to be, volatile.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| CWK | Cushman & Wakefield Ltd. | USD 12.1 | ▲ 4.49% |
| NMRK | Newmark Group, Inc. | USD 11.82 | ▲ 2.96% |
| IHS | IHS Holding Limited | USD 8.45 | ▲ 0.24% |
| CIGI | Colliers International Group In | USD 96.46 | ▲ 4% |
| FSV | FirstService Corporation | USD 147.22 | ▲ 7.78% |
| COMP | Compass, Inc. | USD 9.97 | ▲ 2.57% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 10:38 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt