Added to YB: 2025-11-13
Pitch date: 2025-11-11
OPEN [neutral]
Opendoor Technologies Inc.
-22.73%
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
$8.49
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 2.0: Can a Re‑Founding Turn an iBuyer into a Real Estate Platform?
OPEN (overview): CEO Nejatian 'refounding' as AI-driven platform vs pure iBuying. Q3 rev $915M (-34% YoY), -$90M net loss. Weekly acquisitions doubled to 230+ homes, targeting 5-7% contribution margin by 2026 vs 2.2% Q3. $1.45B cash but dependent on capital markets. Warrant dividend (3 series at $9/$13/$17 strikes) creates dilution risk. Crypto payments launched, tokenization 'inevitable' per CEO.
Read full article (10 min)