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OPEN · Nasdaq · United States · Real Estate Agents & Managers (For Others)
In shortOpendoor Technologies Inc. is loss-making, generates cash and holds more cash than debt, with revenue shrinking (−15.2% last year).
Financial health
Weak
Built from five areas over the last five annual reports. Tap an area to see the figures behind it.
| Operating marginShare of each sale left after running the business, before interest and tax. | -6.6% | 0/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | -29.7% | 0/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | -151.3% | 0/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | -28.6% | 0/100 |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 7.03× | 100/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | 0.00× | 100/100 |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | Net cash | 100/100 |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | -2.19× | 0/100 |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | -1.49 | 0/100 |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | 23.7% | 100/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | – | n/a |
| Years with positive free cash flow (last 5) | 3 of 5 | 50/100 |
Weight in the score: 20%
| Profitable years (last 5) | 0 of 5 | 0/100 |
|---|---|---|
| Years of revenue decline (last 5) | 3 of 5 | 0/100 |
| Revenue growth volatility | 110.1% | 0/100 |
| Operating margin volatility | 0.6% | 100/100 |
Weight in the score: 20%
| Revenue growth, 3-year average | -34.5% | 0/100 |
|---|---|---|
| EPS growth, 3-year average | – | n/a |
Weight in the score: 10%
Fiscal year 2025 · change vs prior year
Annual figures as reported. Hover a bar or point for the exact value.
3 older years available with the 10-year history. Essential plan, from €8.25/month →
The last 5 fiscal years from the company's annual reports.
USD millions; negative values in parentheses.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | 8,021 | 15,567 | 6,946 | 5,153 | 4,371 |
| Cost of revenue | 7,291 | 14,900 | 6,459 | 4,720 | 4,021 |
| Gross profit | 730 | 667 | 487 | 433 | 350 |
| Research & development | 134 | 169 | 167 | 141 | 79 |
| Operating income | (568) | (931) | (386) | (320) | (287) |
| Interest expense | 143 | 385 | 211 | 133 | 131 |
| Pre-tax income | (661) | (1,351) | (274) | (391) | (1,300) |
| Income tax | 1 | 2 | 1 | 1 | 0 |
| Net income | (662) | (1,353) | (275) | (392) | (1,300) |
| Diluted EPS | −$1.12 | −$2.16 | −$0.42 | −$0.56 | −$1.70 |
| Diluted shares (millions) | 593 | 627 | 657 | 699 | 767 |
3 older years available with the 10-year history. Essential plan, from €8.25/month →
The last 8 reported quarters (10-Q and 10-K filings), in USD millions. The fourth quarter is derived from the annual report.
The last 8 quarters of Opendoor Technologies Inc. are included in the Investor plan. Try free for 7 days →
−1.49 Distress zone
Estimates bankruptcy risk from working capital, retained earnings, operating profit and equity. Above 2.6 is considered safe, below 1.1 signals distress.
5/9
Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.
All figures: SEC EDGAR. Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works
Latest annual report: Jun 30, 2026 · Data updated Aug 4, 2026