Overview
Opendoor
Opendoor Technologies is one of the leading e-commerce platform for residential real estate transactions. By leveraging software, data science, product design, and operations, the company has rebuilt the entire consumer real estate experience and has made buying and selling possible on a mobile device. The company streamlines the process of buying and selling a home into a seamless digital experience that is simple and certain. Sellers can go to Opendoor.com,
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Read More receive an offer, and sign and choose their closing date. Opendoor transforms the home selling and buying process into a simple and certain online experience. Since launch, customers have demonstrated their desire for its digital, on-demand real estate solution with over 274,000 homes bought and sold by Opendoor. The company was founded in 2014.
Read Less
Read More receive an offer, and sign and choose their closing date. Opendoor transforms the home selling and buying process into a simple and certain online experience. Since launch, customers have demonstrated their desire for its digital, on-demand real estate solution with over 274,000 homes bought and sold by Opendoor. The company was founded in 2014.
Read Less
#
508
Fortune 1000 Revenue Rank
Offices of Real Estate Agents and Brokers
,
Real Estate
,
Real Estate and Rental and Leasing
,
Real estate agents and managers
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?
?
Modelled
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Actual
$5.15 billion
Actual
-25.81%
$3,126
DEC
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NASDAQ:OPEN
Contacts
Get in Touch with 3 Principals* and 103 Contacts
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Carrie WheelerChief Executive Officer
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Contact 2?
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Contact 3?
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Contact 4?
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Financial Statements
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Financial data as of December 31, 2024 (12 month period) in USD
Annual Revenue 2024
$5.15 billion
USD
Actual
All financial statement data is in millions except per share data | Source: Morningstar
| Cash Flow (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Net Operating Cash | -$595 | $2,344 | $730 |
| Net Investing Cash | $28 | $44 | $234 |
| Net Financing Cash | -$210 | -$2,639 | -$1,751 |
| Net Change in Cash | -$777 | -$251 | -$787 |
| Cash at Beginning of Period | $1,540 | $1,791 | $2,578 |
| Cash at End of Period | $763 | $1,540 | $1,791 |
| Capital Expenditure | -$25 | -$37 | -$37 |
| Assets (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Current Assets | |||
| Cash and Cash Equivalents | $671 | $999 | $1,137 |
| Accounts Receivable | $ | $ | $ |
| Inventories | $2,159 | $1,775 | $4,460 |
| Other Current Assets | $167 | $671 | $869 |
| Asset Summary | |||
| Total Current Assets | $2,997 | $3,445 | $6,466 |
| Tangible Fixed Assets | $66 | $91 | $99 |
| Intangible Assets | $ | $5 | $12 |
| Total Assets | $3,126 | $3,567 | $6,608 |
| Liabilities (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Current Liabilities | |||
| Accounts Payable | $9 | $2 | $5 |
| Short-Term Debt | $432 | $ | $1,376 |
| Other Current Liabilities | $88 | $68 | $124 |
| Liability Summary | |||
| Total Current Liabilities | $529 | $70 | $1,505 |
| Long-Term Debt | $1,870 | $2,510 | $3,979 |
| Other Long-Term Liabilities | $1 | $1 | $ |
| Total Liabilities | $2,413 | $2,600 | $5,522 |
| Stakeholder's Equity (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Equity | |||
| Common Stock | $ | $ | $ |
| Retained Earnings | -$3,725 | -$3,333 | -$3,058 |
| Equity Summary | |||
| Total Equity | $713 | $967 | $1,086 |
| Shares Outstanding | 719,990,121 | 677,636,163 | 637,387,025 |