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Opendoor Technologies Inc.

OPEN

Real Estate · 2.79 -7.0% today

Isolated · not yet confirmedMarket checked 10 Sept, 15:55 GMT-4

Market read

Opendoor Technologies Inc.'s current read is isolated; its market group is not confirming.

No new filing conclusion is available. 0 of 1 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 3 directly disclosed connections are confirming.

Company-7.0% todayVolume comparison unavailable
Market group0 of 1 activeDigital Real Estate Brokerage · unavailable
Disclosed network0 of 3 confirmingNo filing-linked name is confirming now
What would change this read
  • OPEN's market-adjusted activity becomes unusual and at least one connected name confirms.

Invalidation: The isolated read changes if OPEN's group or a disclosed connection begins moving with it.

Watch this read

Research brief

The story so far

Real Estate · Real Estate Services

No new filing conclusion is available. 0 of 1 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 3 directly disclosed connections are confirming.

Evidence that supports

No thresholded supportive filing evidence is available yet.

Evidence that challenges

No thresholded adverse filing evidence is available yet.

What would clarify the read
  • OPEN's market-adjusted activity becomes unusual and at least one connected name confirms.

Company research

Understand the business, not just the ticker

As of Sep 11, 2026
Business model and earnings drivers

Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.

Key research questions
  • Which operating variable is changing?
  • Is that change durable, cyclical or one-off?
  • What evidence would disprove the current interpretation?
Annual periods8
Price observations327
Usable filing statements16
Verified relationships3
Evidence supporting the case

No qualifying supportive evidence was identified.

Evidence challenging the case
  • Latest annual revenue changed -15.2% year over year.
  • Net margin changed -22.1 percentage points in the latest annual period.
  • Diluted shares increased 9.6% in the latest annual period.
Questions before a position
  • EV/sales is 66% below the available filing-peer median; determine whether growth and quality justify the difference.
Longer-term price context

Price as of Sep 10, 2026

2.79
6m-47.1%12m-54.3%24m
Annual trajectory

Reported annual revenue and per-share history. This is accounting history, not a forecast.

PeriodRevenueYoYDiluted EPSShare change
2021-12-31$8.0B+210.5%$-1.12
2022-12-31$15.6B+94.1%$-2.16+5.8%
2023-12-31$6.9B-55.4%$-0.42+4.8%
2024-12-31$5.2B-25.8%$-0.56+6.4%
2025-12-31$4.4B-15.2%$-1.70+9.6%

What management says matters

Persistent and emerging business drivers

Credit and interest ratesnegative · 1 filings
As a result of this amortization, the interest expense that we expect to recognize for the Convertible Senior Notes for accounting purposes will be greater than the cash interest payments we will pay on the Convertible Senior Notes, which will result in lower…
10-K · Feb 19, 2026
Demand and volumemixed · 1 filings
As a result of these elevated interest rates, the cost of financing a home purchase has increased significantly for the typical home buyer, which has reduced the affordability of mortgage financing and resulted in a decline in the demand for our homes.
10-K · Feb 19, 2026

Valuation discipline

Descriptive valuation snapshot

Price/sales 0.5× · EV/sales 0.3×. Comparisons use only industry-matched filing peers.

Scenario scaffold

Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.

Price action

How the market is pricing the story

2.79-7.0% today

Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 10 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.

Developments

No sourced recent-development timeline yet

Jodie has not returned a relevant primary source or news item for OPEN. This is an evidence-coverage gap, not a conclusion that nothing material happened.

Business and financial condition

Reported financial figures are not available yet

Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.

Filing analysis

No comparable filing assessment is available yet

Jodie has not yet found a suitable current-versus-prior filing comparison for OPEN. This does not mean the latest filing was neutral or immaterial.

Business ecosystem

The relationships behind OPEN

Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.

Depends on

ZGZillow Group, Inc.partnerFeb 19, 2026

WARRANTS Marketing Warrants On July 28, 2022, the Company entered into a warrant agreement with Zillow, Inc.

Depended on by

LEN-BLennar CorporationinvesteeOct 3, 2025

We have/had investments in Blend Labs, Inc.

Filing peers

Companies whose filings use similar operating language.

Open the three relationships above to see Jodie’s filing proof. Pro unlocks 1 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →

What is moving around it

Live connections

OPEN is currently a Leader in the organic co-movement group Digital Real Estate Brokerage. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 2 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.

This group is retained as the last observed read for OPEN; it is not active in the latest market snapshot.

Context history

Theme membership history

No durable theme membership has been observed for this name yet.