Opendoor Technologies Inc.(OPEN)Stock Analysis
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Rank #2,072 of 2,879 stocks
Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Aug 14, 2026.
Revenue Growth
Profitability
Balance Sheet
Earnings Quality
Free Cash Flow
Institutional Flow
Revenue Scale
Dilution Risk
OPEN Stock Analysis & AI Quality Score
AI stock analysis and institutional research for Opendoor Technologies Inc. (OPEN), a Real Estate sector company. 13F Pro's AI-powered ranking engine scores OPEN at 37.1/100 on a 32-signal composite quality model, placing it at rank #2,072 of 2,879 stocks — the bottom half of the AI-ranked universe. OPEN scores in the top quartile across revenue scale (76.1). Areas of concern include revenue growth (5.6) and balance sheet strength (13.4), which score below median versus the broader universe. Shareholder dilution risk is elevated at 30.7/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q1 2026), Opendoor Technologies Inc. reports quarterly revenue of $720.0M, net income of $-173.0M, free cash flow of $-250.0M. Top institutional holders of OPEN by reported 13-F value include MORGAN STANLEY, VANGUARD PORTFOLIO MANAGEMENT, VANGUARD CAPITAL MANAGEMENT, based on the most recent SEC filings. OPEN trades on the Nasdaq exchange and files with the SEC under CIK 1801169. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate OPEN daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for Opendoor Technologies Inc. directly from SEC EDGAR. Opendoor Technologies Inc.'s 13F Pro composite quality score has ranged between 24 and 59 since 2021, currently 37.1 — an improving long-term trajectory across 28 quarterly and live scoring snapshots.
Revenue
Q1 2026
$720.0M
Net Income
Q1 2026
$-173.0M
Free Cash Flow
Q1 2026
$-250.0M
Revenue & Net Income
Earnings Per Share
Key Financials Over Time
Export Financial Table · Pro+Revenue
-15.2% YoYNet Income
-231.6% YoYOperating Income
+10.3% YoYEPS (Diluted)
-203.6% YoYTotal Assets
-23.0% YoYTotal Debt
Op. Cash Flow
+276.3% YoY| Metric | FY 2025 | FY 2024 | FY 2022 | FY 2021 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|
| Revenue | $4.37B -15.2% | $5.15B -66.9% | $15.57B +94.1% | $8.02B +69.2% | $4.74B +157.9% | $1.84B |
| Net Income | $-1.30B -231.6% | $-392.0M +71.0% | $-1.35B -104.4% | $-662.0M -94.1% | $-341.0M -41.3% | $-241.3M |
| Operating Income | $-287.0M +10.3% | $-320.0M +65.6% | $-931.0M -63.9% | $-568.0M -129.0% | $-248.0M -51.5% | $-163.7M |
| EPS (Diluted) | $-1.70 -203.6% | $-0.56 +74.1% | $-2.16 -92.9% | $-1.12 +74.4% | $-4.37 -38.3% | $-3.16 |
| Total Assets | $2.41B -23.0% | $3.13B -52.7% | $6.61B -30.5% | $9.51B +326.0% | $2.23B | — |
| Total Debt | — | — | — | — | $1.07B | — |
| Operating Cash Flow | $1.05B +276.3% | $-595.0M -181.5% | $730.0M +112.6% | $-5.79B -2030.1% | $-272.0M +76.9% | $-1.18B |
AI Insight: OPEN Financial Trends
Q4 2025's $1,096M net loss—likely driven by a large non-cash charge—has reset the equity base, while revenue has fallen to a multi-year low of $720M in Q1 2026.
• Revenue contracted sharply from $1,567M in Q2 2025 to $720M in Q1 2026, a 54% decline over three quarters.
• Operating loss deepened to $-159M in Q1 2026, the worst in the trailing eight quarters, versus $-13M in Q2 2025.
• Operating cash flow turned positive in Q2 and Q3 2025 ($823M and $435M), but flipped negative again to $-246M in Q1 2026.
• Equity rose from $631M to $1,005M in Q4 2025 despite the massive net loss, suggesting a significant non-cash equity injection.
⚠ Q4 2025's anomalous $-1,096M net loss versus $-150M operating loss warrants scrutiny—source of the $946M below-the-line charge is unclear.
⚠ Revenue has now declined four consecutive quarters to $720M; stabilization is a critical inflection point to monitor.
⚠ Equity of $954M in Q1 2026 provides a near-term cushion, but sustained losses will erode it without a revenue recovery.
AI Insight: OPEN Ratio Trends
Opendoor's operating margin collapsed to -22.1% in Q1 2026, the worst quarterly reading in the dataset, with ROIC deteriorating sharply to -66.7%.
• Operating margin deteriorated from -0.8% in Q2 2025 to -22.1% in Q1 2026, a 21pp swing in three quarters.
• ROIC worsened from -8.2% in Q2 2025 to -66.7% in Q1 2026, signaling deepening capital destruction.
• ROE turned deeply negative at -72.5% in Q1 2026, versus -18.4% in Q2 2025, the best quarter in the dataset.
• Q2 2025 offered a brief respite — OpMargin of -0.8% and ROA of -4.0% — but proved short-lived.
⚠ Q4 2025 NPM of -148.9% suggests a large one-off charge; clarity on its nature and recurrence is critical.
⚠ D/E data is entirely absent across all periods, obscuring leverage risk in a capital-intensive iBuying model.
⚠ Whether Q2 2025's near-breakeven operating margin (-0.8%) can be recaptured is the key profitability inflection to track.
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Top Institutional Holders of OPEN
MORGAN STANLEY
$481.0M102,774,968 shVANGUARD PORTFOLIO MANAGEMENT LLC
$327.9M70,068,568 shVANGUARD CAPITAL MANAGEMENT LLC
$166.3M35,540,759 shBlackRock, Inc.
$87.2M18,635,455 shJANE STREET GROUP, LLC
$68.9M14,717,030 shAMERICAN CENTURY COMPANIES INC
$66.5M14,201,716 shLENNAR CORP /NEW/
$63.3M13,534,807 shSUSQUEHANNA INTERNATIONAL GROUP, LLP
$62.6M13,370,900 shGEODE CAPITAL MANAGEMENT, LLC
$57.7M12,331,069 shRENAISSANCE TECHNOLOGIES LLC
$55.3M11,810,938 sh
| Fund | Value | Shares |
|---|---|---|
| MORGAN STANLEY | $481.0M | 102,774,968 |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $327.9M | 70,068,568 |
| VANGUARD CAPITAL MANAGEMENT LLC | $166.3M | 35,540,759 |
| BlackRock, Inc. | $87.2M | 18,635,455 |
| JANE STREET GROUP, LLC | $68.9M | 14,717,030 |
| AMERICAN CENTURY COMPANIES INC | $66.5M | 14,201,716 |
| LENNAR CORP /NEW/ | $63.3M | 13,534,807 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $62.6M | 13,370,900 |
| GEODE CAPITAL MANAGEMENT, LLC | $57.7M | 12,331,069 |
| RENAISSANCE TECHNOLOGIES LLC | $55.3M | 11,810,938 |
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Popular Research
Is OPEN a good stock to buy?
13F Pro's AI-powered analysis of Opendoor Technologies Inc. (OPEN) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Real Estate sector (listed on Nasdaq). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for OPEN are available on the OPEN stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.
Which hedge funds own OPEN?
Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling OPEN. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of Opendoor Technologies Inc.'s investment landscape.