Added to YB: 2025-08-08
Pitch date: 2025-08-07
OPEN [neutral]
Opendoor Technologies Inc.
+256.91%
current return
Author Info
LongYield content includes: in-depth company/industry analysis (Business Deepdives), summaries of earnings calls (Earnings Calls Summaries), and analysis of US/European economies (Economic Reports). Sign up for the newsletter.
Company Info
Opendoor Technologies Inc. operates a digital platform for residential real estate transactions in the United States.
Market Cap
$6.6B
Pitch Price
$1.81
Price Target
N/A
Dividend
N/A
EV/EBITDA
-50.45
P/E
-19.35
EV/Sales
1.56
Sector
Real Estate Management and Development
Category
turnaround
From Meme Stock Surge to Strategic Shift: Inside Opendoor's Volatile Journey to Profitability
OPEN (earnings update): iBuyer reported Q2 revenue of $1.6B, first adj EBITDA profitable quarter in 3 years at $23M. Strategic shift to platform model enhancing agent partnerships. Acquisitions down YoY to 1,757 homes amid high mortgage rates. New Cash Plus product reduces capital needs. Fed rate cuts could boost housing market. Q3 guidance weak: $800-875M revenue, -$21-28M adj EBITDA.
Read full article (5 min)