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Opendoor Technologies

OPEN
22
Real Estate - Services · Real Estate
Price
$4.50
-0.07 (-1.53%)
Market Cap
$3.45B
Exchange
NASDAQ
Winston Score
22
Winston is worried
Weak fundamentals across most pillars.

Share count rising — dilution

+29.4% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 592.6M (2021) → 766.5M (2025)

Opendoor Technologies Inc. operates a digital platform for residential real estate in the United States. The company's platform enables consumers to buy and sell a home online. It also provides title insurance and escrow services. Opendoor Technologies Inc. was incorporated in 2013 and is based in Tempe, Arizona.

Winston Score History

Politician Trades

3 trades / 12mo

2 Congressional buys and 1 sell on OPEN in the last 12 months.

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Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

-37.6% YoY

YoY Growth Rate

Revenue declining

EPS Growth

-50.0% YoY

YoY Growth Rate

Earnings declining

R&D Spend

$79M/ year

Declining (-44% vs prior year)

1.8% of revenue

1.8x the sector average (1%)

R&D spend declining — could signal cost-cutting or efficiency

Insider Activity

13.8%ownership

Flat

Insiders holding steady — not selling despite ability to

Cash Runway

~12 months

$999M cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Adequate runway but may need to raise capital within 2 years

Revenue declining

Opendoor Technologies's revenue is actually shrinking. In a growth stock, that removes the core investment thesis. The low Winston Score here may be warranted — unless there's a turnaround story.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Gross Margin
10.0%
Thin — 10.0% gross margin
Operating Margin
-22.1%
Losing money on operations — -22.1%
ROCE
-13.9%
Weak — -13.9% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales YoY
-23.2%
Shrinking sales (-23.2% YoY)
EPS YoY
N/A
Data not available
EPS Consistency
0/8 quarters
Earnings rarely grow — volatile business

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Cash Flow

Cash Conversion
N/A
Data not available
FCF Margin
27.2%
Converts sales into free cash efficiently (27.2%)

Free cash flow margin above 20%. Out of every $100 in sales, more than $20 is real cash they keep.

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Stability

Debt / Equity
0.20
Conservative — low debt load (0.20)
Interest Cover
N/A
Data not available

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Valuation

P/E Ratio (TTM)
N/M
Negative earnings — P/E not meaningful
P/E vs Forward
N/A
not available
Data not available

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Dividends

Not applicable for this business.
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