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OPOPEN

Opendoor Technologies Inc.

$OPEN·$2.1B·Real Estate - Services·Real Estate
$2.12-8.8%YTD-64.4%1Y-70.3%
Price updated 7h ago·X counts updated 5d ago
OPOPEN
$OPENOpendoor Technologies Inc.
$2.12-8.84%4.5k posts1×
AI analysisFundamentalsVoices on X
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On X

Top X posts

The complete picture of $OPEN on X — how loud the conversation is right now, how it has trended over the last two weeks, and which way the crowd is leaning.

4,497X posts · last 7 days
Sep 29Oct 11
Chatter Meter
1×
QuietNormal · 1×Loud

How loud $OPEN's conversation on X is versus its own normal — 1× is typical, higher means busier. Right now it's about its usual level.

Bullish sentimentAI analysisGenerated by AI from underlying data23 posts analyzed · as of 2026-10-02

The "Open Army" community is bullish on a turnaround — CEO Kaz Nejatian showed up in an X Space, 22.43% of float is short with ~10 days to cover, and OPEN is offering 6.375% mortgage rates vs. the ~7.05% benchmark. Internal metrics are reportedly improving in "one of the toughest macros ever." The visible bear voice is a chart technician saying it still goes lower and a reminder that the "$80 soon" calls never showed up.

Read what X is saying about $OPEN

  • Bullish vs bearish call — with the AI summary of the day's posts
  • Divergence flag when the top-engagement posts argue the other side
  • How loud the conversation is versus this ticker's own normal
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AI verdictAI analysisGenerated by AI from underlying data

TickerTalks' own read on what's driving $OPEN — fundamentals, momentum, or an event — and whether it agrees with the X crowd.

Broken storySelling offAI verdict · as of 2026-10-02

Falling on heavy selling — points lower unless it turns around.

A busted iBuyer where the only bull case left is a short-squeeze setup — not an actual fix to unit economics.

Opendoor is the iBuyer that promised to turn home transactions into something you could do with a phone — buy from sellers, resell to buyers, pocket the spread. The model has been breaking since rates spiked, and the stock sits a hair above its 52-week low with 22% short interest fueling meme-trade chatter.

  • Revenue fell 38% YoY last quarter to $720M, gross margin 10%, operating loss widening — the core unit economics stopped working when housing turnover collapsed, and the $650M of zero-coupon convertible notes raised in August was essentially an admission the balance sheet needed air.
  • The bull case is structural, not operational: 22% of float short with ~10 days to cover, plus new CEO Kaz Nejatian willing to undercut market mortgage rates (6.375% vs 7.05%) to clear inventory — real squeeze fuel, but these are capital-structure plays, not fixes to the margin problem.
  • Mortgage expansion to 35-40 states is the real pivot the Street is watching, but at a $2 handle the market is already pricing the business as impaired; a positive surprise moves the needle hard, but a soft Q3 confirms the breaking-down tape.

A squeeze can produce a sharp pop at any time — that's structural with this much short float — but it doesn't fix the business. What turns breaking-down into actual turnaround is sequential gross margin improvement plus a mortgage attach rate approaching 20%.

Differs from X sentimentX longs are leaning into the squeeze setup, Nejatian's execution push, and the mortgage undercut — all real — but the 38% YoY revenue decline and the balance-sheet air-raise with zero-coupon converts are what the chart is pricing, and the bull posts don't frame that half of the equation.

What to watch: Nov 5 earnings — gross margin and mortgage attach rate are the two numbers that decide whether the Nejatian story holds. A widening operating loss confirms the de-rating and the squeeze trade loses its anchor.

On the calendar: 2026-11-05 — Q3 FY26 earnings

Read the AI verdict on $OPEN

  • One-line verdict on what's driving the move — fundamentals, momentum, both, or an event
  • Next dated catalyst when there is one (earnings, deal closing, activist clock)
  • Whether TickerTalks' read agrees with or diverges from the X crowd
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What it does

Plain-English summary of the business — what they sell and how they make money.

Operates an iBuying platform making instant cash offers to homeowners and reselling residential properties on the open market.

Industry overviewAI analysisGenerated by AI from underlying data

Where Real Estate - Services sits in its cycle right now — and what that implies for $OPEN.

Real Estate - Services · Real Estate

No material change from last week — elevated mortgage rates continue suppressing US residential transaction volumes.

What this means for $OPEN

Partial — Operates an iBuying platform making instant cash offers to homeowners and reselling residential properties on the open market.

Industry benchmark

4-name peer basket
-28.3%YTD
-22.4%1Y

Fundamentals & catalyst

Profitability, valuation, and the next earnings event — at a glance, with rule-of-thumb signals.

Key ratios

P/E
-3.1How much investors are paying per dollar of profit the company actually earned in the last 12 months. Lower means the stock looks cheaper relative to earnings.~15–25 is typical for the S&P 500; high-growth names trade 30+; hyper-growth or speculative can be 100+ or negative.
ROIC
-19.2%What percentage return the business earns on every dollar of capital (equity + debt) deployed in operations. The cleanest measure of business quality.Above ~15% is high-quality; consistently above 25% suggests a real moat. Below the company's cost of capital is value-destroying.
Op margin
-9.9%Operating profit (after sales, marketing, R&D, and overhead but before interest and taxes) as a percentage of revenue. The clearest view of how well the underlying business is run.Mature business above 20% is healthy; software businesses can run 30%+; commodity / retail businesses operate in single digits.
FCF yield
31.6%Free cash flow (operating cash flow minus capex) divided by the company's market cap. The cash-on-cash return you'd get owning the whole business at today's price.Above ~5% is attractive; below ~2% means you're paying up for growth. Capital-light businesses (software) run higher than capital-heavy ones (utilities).
P/S
0.9Same idea as P/E but per dollar of revenue. Useful for companies that aren't profitable yet, where P/E is meaningless.Under ~2 is cheap; software / SaaS often runs 8–15; well above 20 implies the market is pricing in very high future growth.
ROE
-163%Net income as a percentage of shareholders' equity. Similar to ROIC but counts only the equity side.Above 20% is strong, but can be inflated by leverage — a heavily indebted company can show high ROE with weak underlying ROIC.
Gross margin
7.9%Revenue minus the direct cost of producing what was sold, as a percentage of revenue. The first read on whether the product is structurally profitable.Software / SaaS is typically 70%+; consumer goods 30–50%; commodity / hardware businesses can be under 20%.
D/E
0.2Total debt divided by shareholders' equity. Measures how much the business runs on borrowed money versus owner capital.Under 1 is conservative; 1–2 is typical for mature businesses; over 2 is leveraged and more sensitive to interest rates.

Past earnings

QuarterReportedActualEstimateSurprise
Q2 2026Aug 4, 2026$-0.17$-0.07-139.2%
Q1 2026May 7, 2026$-0.18$-0.05-260.0%
Q4 2025Feb 19, 2026$-0.07$-0.08+12.5%
Q3 2025Nov 6, 2025$-0.08$-0.08-4.7%
Next earningsThu, Nov 5·consensus EPS $-0.16

Quarterly trend

QuarterRevenueYoYGrossOpEPSFCF
Q1 FY26$720.0M-37.6%10.0%-22.1%$-0.18$-250.0M
Q4 FY25$736.0M-32.1%6.3%-20.5%$-1.42$67.0M
Q3 FY25$915.0M-33.6%7.2%-7.4%$-0.12$432.0M
Q2 FY25$1.6B+3.7%8.2%-0.8%$-0.04$821.0M

Forward consensus

3-year forecast · up to 8 analysts
FYRevenueRangeEPSRangeAnalysts
FY26$3.8B$3.7B – $3.9B-$0.64-$0.76 – -$0.427
FY27$7.3B$5.9B – $9.4B-$0.35-$1.65 – $0.597
FY28$9.2B$7.2B – $12.5B-$0.36-$0.76 – -$0.048

Setup & momentum

Volume, range, and moving-average position — the technical setup driving short-term moves.

Right now

Vol vs 30dToday's traded share volume divided by the average over the prior 30 trading days. ≥3× signals unusual interest; below 1× is quiet.2.0×Today's traded share volume divided by the average over the prior 30 trading days. ≥3× signals unusual interest; below 1× is quiet.
52w rangeWhere the latest close sits between the 52-week low (0%) and high (100%). Above 80% is extended; below 30% is basing or in a downtrend.3%Where the latest close sits between the 52-week low (0%) and high (100%). Above 80% is extended; below 30% is basing or in a downtrend.
vs 50d MALatest close vs the 50-day simple moving average. Positive = short-term trend is up.-26.1%Latest close vs the 50-day simple moving average. Positive = short-term trend is up.
vs 200d MALatest close vs the 200-day simple moving average. Positive = long-term trend is up.-52.3%Latest close vs the 200-day simple moving average. Positive = long-term trend is up.

Float & profile

FloatHigh float · 815.2M shFree-float shares — the slice of issued stock actually available to trade. Lower buckets squeeze harder on a catalyst.Traded today8.0% of floatToday's volume as a percent of the free float. Above 5% on a single day is unusually high turnover for the available share count.β3.755-year weekly beta vs the S&P 500. Above 1.5 means the stock typically moves more than the index; below 0.8 moves less.

Insider activity

Recent open-market buys and sells by officers and directors — flagged when multiple insiders cluster.

Recent transactions

SellOct 15Giang NguyenCOO10.4K sh$21KBuyAug 14Kasra NejatianCEO27.6K sh$100KSellJul 15Giang NguyenCOO3.6K sh$17KSellJun 16David C BensonDirector40.0K sh$193KSellMay 15Christina SchwartzCFO74.3K sh$322KBuyMay 11Kasra NejatianCEO100.0K sh$488K
+ 8 other (6 awards · 1 exempt · 1 inkind) in window

See when $OPEN insiders are putting their own money in

  • Real-time open-market buys and sells from Form 4 filings
  • Cluster-buy detection when multiple insiders pile in at once
  • 30 / 60 / 180-day windows so you can spot building conviction
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SEC filings

Material 8-K, 13D, S-3, and 424B5 events from the last 180 days — the filings that actually move the price.

Recent material filings

8-KMaterial agreementAug 198-K — Item 1.01: Material agreement · Item 2.03: Material debt obligation · Item 3.02: Unregistered equity sale · Item 8.01: Other event
8-KMaterial agreementAug 138-K — Item 1.01: Material agreement · Item 3.02: Unregistered equity sale · Item 7.01: Press release / Reg FD
AI summary

Opendoor Technologies (OPEN) entered into subscription agreements on August 12, 2026 to issue $650 million aggregate principal amount of 0.00% Convertible Senior Notes due August 15, 2030 in a private placement. The zero-coupon notes — senior unsecured obligations — will be issued via indenture around August 19, 2026, with U.S. Bank Trust as trustee. The company also has multiple warrant series outstanding (Series K at $9.00, Series A at $13.00, Series Z at $17.00 strike prices), suggesting an earlier restructuring. A $650M debt raise at zero interest is a notable capital move for a distressed iBuyer — the conversion terms in the full filing will determine the real dilution cost.

8-KPress release / Reg FDAug 48-K — Item 2.02: Earnings release · Item 7.01: Press release / Reg FD
AI summary

Opendoor Technologies Inc. (OPEN) reported Q2 2026 financial results on 2026-08-04, reporting results detailed in attached press release. Additional items: Item 7.01. Quarterly earnings are a material disclosure; investors should review the full press release for segment details and management commentary.

8-KShareholder voteJun 128-K — Item 5.07: Shareholder vote
AI summary

Opendoor Technologies Inc. held its 2026 Annual Meeting on June 11, 2026, with 631,414,882 shares (~65.45% of outstanding) represented. Shareholders elected Class III directors David Benson, Eric Feder, and Eric Wu; and voted on other standard proposals per the April 28, 2026 proxy. Routine governance filing — the company also has redeemable warrants at $9.00, $13.00, and $17.00 exercise prices outstanding; no material corporate actions announced.

8-KPress release / Reg FDMay 78-K — Item 2.02: Earnings release · Item 7.01: Press release / Reg FD
AI summary

OPEN reported first quarter ended March 31, 2026. A copy of the pre financial results (8-K Item 2.02). Investors should review the full earnings press release and any management guidance for forward outlook.

+ 8 other (3 13Gs · 3 proxys · 2 10-Qs) in window

Recent news

Latest headlines from major outlets, sourced and timestamped — context for whatever just moved.

Stock Market Today, Oct. 16: Opendoor Slides on Fresh 52-Week Lows Amid Higher Debt Costsfool.com·9h agoHere's why Zillow Group, Better Home, and Opendoor stocks are rising todayinvezz.com·1d agoOpendoor and Zillow Surge 7% as Long-Term Rates Retreat; Compass Climbs 6%247wallst.com·2d agoCan Opendoor's Capital-Light Model Expand Its Housing Market Reach?zacks.com·8d agoOpendoor Has Lost a Half of Its Value in 2026. Is It Time to Buy?fool.com·8d ago

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TickerTalks is a research tool, not financial advice. We surface social-attention data; we do not make stock recommendations. Past attention is not predictive of future price movements.

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