Added to YB: 2025-11-04
Pitch date: 2025-10-31
OPEN [bearish]
Opendoor Technologies Inc.
+14.58%
current return
Author Info
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Company Info
Opendoor Technologies Inc. operates a digital platform for residential real estate transactions in the United States.
Market Cap
$6.6B
Pitch Price
$7.68
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
Opendoor Technologies Inc. - $OPEN
OPEN (short): Real estate tech co loses ~$25k per home flipped despite 80% ARV purchases + $30k marketing costs per home. New CEO lacks RE experience, dismisses underwriting complexity vs cars. $1.3B loss in 2022, never GAAP profitable. Bankruptcy likely unless pivot from home buying to marketplace model.
Read full article (11 min)