Opendoor Technologies (OPEN)
Market Price (5/22/2026): $4.59 | Market Cap: $4.4 BilSector: Real Estate | Industry: Real Estate Operating Companies
Opendoor Technologies (OPEN)
Market Price (5/22/2026): $4.59Market Cap: $4.4 BilSector: Real EstateIndustry: Real Estate Operating Companies
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 27%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 27% Attractive yieldFCF Yield is 24% Megatrend and thematic driversMegatrends include Smart Buildings & Proptech, and E-commerce & Digital Retail. Themes include Real Estate Data Analytics, and Online Marketplaces. | Meaningful short interestShort Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 13% | Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -383 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -9.7% Stock price has recently run up significantly12M Rtn12 month market price return is 564% Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -23%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -28%, Rev Chg QQuarterly Revenue Change % is -38% Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -36% High stock price volatilityVol 12M is 161% Key risksOPEN key risks include [1] its iBuying model's extreme vulnerability to housing market downturns, Show more. |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 27%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 27% |
| Attractive yieldFCF Yield is 24% |
| Megatrend and thematic driversMegatrends include Smart Buildings & Proptech, and E-commerce & Digital Retail. Themes include Real Estate Data Analytics, and Online Marketplaces. |
| Meaningful short interestShort Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 13% |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -383 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -9.7% |
| Stock price has recently run up significantly12M Rtn12 month market price return is 564% |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -23%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -28%, Rev Chg QQuarterly Revenue Change % is -38% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -36% |
| High stock price volatilityVol 12M is 161% |
| Key risksOPEN key risks include [1] its iBuying model's extreme vulnerability to housing market downturns, Show more. |
Qualitative Assessment
AI Analysis | Feedback
1. Q1 2026 Financial Results Showed Revenue Decline and Widened Net Loss.
Opendoor reported first-quarter 2026 revenue of $720 million, which, despite exceeding analyst estimates of $666.01 million, represented a significant 37.6% year-over-year decrease from $1,153 million in the prior year. The company's net loss widened to $173 million, and the reported loss per share was $0.18, missing the consensus estimate of a $0.05 loss per share by $0.13.
2. Increased Operating Expenses in Q1 2026 Impacted Profitability.
Operating expenses for the first quarter of 2026 jumped to $231 million, a notable increase from $155 million in the same period last year. This rise was primarily driven by $120 million in stock-based compensation, which included $105 million attributed to market-condition Restricted Stock Units (RSUs) and a CEO cash make-whole award. These elevated costs contributed directly to the expanded net loss despite some improvements in gross margin.
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Stock Movement Drivers
Fundamental Drivers
The -11.3% change in OPEN stock from 1/31/2026 to 5/21/2026 was primarily driven by a -22.7% change in the company's Shares Outstanding (Mil).| (LTM values as of) | 1312026 | 5212026 | Change |
|---|---|---|---|
| Stock Price ($) | 5.15 | 4.57 | -11.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 4,719 | 3,938 | -16.6% |
| P/S Multiple | 0.8 | 1.1 | 37.5% |
| Shares Outstanding (Mil) | 742 | 959 | -22.7% |
| Cumulative Contribution | -11.3% |
Market Drivers
1/31/2026 to 5/21/2026| Return | Correlation | |
|---|---|---|
| OPEN | -11.3% | |
| Market (SPY) | 7.6% | 41.3% |
| Sector (XLRE) | 8.1% | 18.5% |
Fundamental Drivers
The -41.2% change in OPEN stock from 10/31/2025 to 5/21/2026 was primarily driven by a -24.0% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 10312025 | 5212026 | Change |
|---|---|---|---|
| Stock Price ($) | 7.77 | 4.57 | -41.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 5,181 | 3,938 | -24.0% |
| P/S Multiple | 1.1 | 1.1 | 1.8% |
| Shares Outstanding (Mil) | 729 | 959 | -24.0% |
| Cumulative Contribution | -41.2% |
Market Drivers
10/31/2025 to 5/21/2026| Return | Correlation | |
|---|---|---|
| OPEN | -41.2% | |
| Market (SPY) | 9.5% | 47.3% |
| Sector (XLRE) | 10.7% | 20.6% |
Fundamental Drivers
The 502.7% change in OPEN stock from 4/30/2025 to 5/21/2026 was primarily driven by a 956.0% change in the company's P/S Multiple.| (LTM values as of) | 4302025 | 5212026 | Change |
|---|---|---|---|
| Stock Price ($) | 0.76 | 4.57 | 502.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 5,153 | 3,938 | -23.6% |
| P/S Multiple | 0.1 | 1.1 | 956.0% |
| Shares Outstanding (Mil) | 716 | 959 | -25.3% |
| Cumulative Contribution | 502.7% |
Market Drivers
4/30/2025 to 5/21/2026| Return | Correlation | |
|---|---|---|
| OPEN | 502.7% | |
| Market (SPY) | 35.5% | 23.1% |
| Sector (XLRE) | 11.5% | 15.7% |
Fundamental Drivers
The 231.2% change in OPEN stock from 4/30/2023 to 5/21/2026 was primarily driven by a 1878.7% change in the company's P/S Multiple.| (LTM values as of) | 4302023 | 5212026 | Change |
|---|---|---|---|
| Stock Price ($) | 1.38 | 4.57 | 231.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 15,567 | 3,938 | -74.7% |
| P/S Multiple | 0.1 | 1.1 | 1878.7% |
| Shares Outstanding (Mil) | 635 | 959 | -33.8% |
| Cumulative Contribution | 231.2% |
Market Drivers
4/30/2023 to 5/21/2026| Return | Correlation | |
|---|---|---|
| OPEN | 231.2% | |
| Market (SPY) | 85.6% | 31.7% |
| Sector (XLRE) | 30.7% | 28.7% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| OPEN Return | -36% | -92% | 286% | -64% | 264% | -25% | -81% |
| Peers Return | -39% | -67% | 63% | 2% | -2% | -37% | -79% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 9% | 98% |
Monthly Win Rates [3] | |||||||
| OPEN Win Rate | 50% | 25% | 58% | 25% | 25% | 40% | |
| Peers Win Rate | 34% | 32% | 50% | 43% | 38% | 32% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 60% | |
Max Drawdowns [4] | |||||||
| OPEN Max Drawdown | -63% | -94% | -64% | -64% | -70% | -41% | |
| Peers Max Drawdown | -72% | -72% | -51% | -41% | -44% | -52% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: OPAD, Z, ZG, COMP, EXPI. See OPEN Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 5/21/2026 (YTD)
How Low Can It Go
| Event | OPEN | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -63.2% | -18.8% |
| % Gain to Breakeven | 171.9% | 23.1% |
| Time to Breakeven | 38 days | 79 days |
| 2024 Yen Carry Trade Unwind | ||
| % Loss | -15.8% | -7.8% |
| % Gain to Breakeven | 18.7% | 8.5% |
| Time to Breakeven | 12 days | 18 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -56.6% | -9.5% |
| % Gain to Breakeven | 130.2% | 10.5% |
| Time to Breakeven | 43 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -40.8% | -6.7% |
| % Gain to Breakeven | 68.9% | 7.1% |
| Time to Breakeven | 59 days | 31 days |
In The Past
Opendoor Technologies's stock fell -63.2% during the 2025 US Tariff Shock. Such a loss loss requires a 171.9% gain to breakeven.
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| Event | OPEN | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -63.2% | -18.8% |
| % Gain to Breakeven | 171.9% | 23.1% |
| Time to Breakeven | 38 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -56.6% | -9.5% |
| % Gain to Breakeven | 130.2% | 10.5% |
| Time to Breakeven | 43 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -40.8% | -6.7% |
| % Gain to Breakeven | 68.9% | 7.1% |
| Time to Breakeven | 59 days | 31 days |
In The Past
Opendoor Technologies's stock fell -63.2% during the 2025 US Tariff Shock. Such a loss loss requires a 171.9% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Opendoor Technologies (OPEN)
AI Analysis | Feedback
Here are a few brief analogies for Opendoor Technologies:
- Carvana for houses
- Amazon for home sales
AI Analysis | Feedback
- Digital Real Estate Platform: Opendoor operates an online platform that allows consumers to conveniently buy and sell residential homes.
- Title Insurance: The company provides title insurance to protect buyers and lenders against financial loss from defects in a property's title.
- Escrow Services: Opendoor offers escrow services, acting as a neutral third party to hold funds and documents during a real estate transaction until all conditions are met.
AI Analysis | Feedback
```htmlOpendoor Technologies (OPEN) primarily sells its services directly to individuals, rather than to other companies. Its major customers can be categorized as follows:
- Home Sellers: These are individual homeowners who are looking for a fast, convenient, and certain way to sell their homes. They utilize Opendoor's platform to receive a cash offer, close on their own timeline, and avoid the traditional hassles of staging, open houses, and unexpected deal fall-throughs. This category includes individuals relocating, needing to downsize or upsize quickly, or seeking to offload a property without the traditional market complexities.
- Home Buyers: These are individuals looking to purchase a home from Opendoor's inventory. Buyers are often attracted to Opendoor for its renovated, move-in-ready properties and a potentially streamlined buying process. They seek convenience, transparency, and a curated selection of homes available directly through the platform.
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```html- Amazon.com, Inc. (AMZN)
AI Analysis | Feedback
Kaz Nejatian, Chief Executive Officer
Kaz Nejatian became Opendoor's Chief Executive Officer and a member of the board of directors in September 2025. He is responsible for leading the company's strategy and execution in transforming how people buy and sell homes. Prior to joining Opendoor in 2025, Nejatian served as Chief Operating Officer at an unspecified company.
Christy Schwartz, Chief Financial Officer
Christy Schwartz was promoted to Chief Financial Officer, effective January 1, 2026, following an extensive search process during which she served as interim CFO. She has a deep understanding of Opendoor's business.
Lucas Matheson, President
Lucas Matheson joined Opendoor as President on December 22, 2025, overseeing Corporate Development, Financial Planning & Analysis, and emerging strategic initiatives, including exploring blockchain technology and tokenization. He previously served as Chief Executive Officer of Coinbase Canada, Inc. from December 2022 to December 2025, leading its Canadian business expansion and regulatory engagement. Before Coinbase, he held several leadership roles at Shopify Inc., including leading Operations, Corporate FP&A, Acceleration Finance, and Strategic Expansion.
Shrisha Radhakrishna, Chief Technology & Product Officer
Shrisha Radhakrishna has served as Opendoor's Chief Technology & Product Officer since 2024. In this role, he leads a multidisciplinary team focused on tech innovation and product development. With over 20 years of experience, he has a track record of building cutting-edge digital platforms. Before Opendoor, he was Chief Technology & Product Officer at LegalZoom and spent over a decade at Intuit.
Brad Bonney, Chief Business Officer
Brad Bonney is Opendoor's Chief Business Officer, responsible for leading the company's sales, partnerships, and ancillary products and services teams. Since joining Opendoor in 2017, he has been instrumental in the company's growth and transformation, driving initiatives to expand market coverage, improve efficiency, and strengthen customer relationships.
AI Analysis | Feedback
Opendoor Technologies Inc. (OPEN) faces several key risks inherent to its iBuying business model, which involves digitally buying and selling residential real estate.
- Housing Market Volatility and Decline in Home Prices: Opendoor's business is highly susceptible to fluctuations in the residential real estate market. A downturn or decline in home prices can lead to significant losses, as the company holds a substantial inventory of homes. The company reported a staggering $1.3 billion loss in 2025, largely attributed to a struggling housing market. Management has indicated that a potential decline in home prices could severely impact margins.
- Low Gross Margins and Difficulty Achieving Sustainable Profitability: Opendoor has a history of operating at low gross margins, making it challenging to achieve consistent profitability. The business model is capital-intensive, and the cost of sales often accounts for a substantial portion of its revenue, around 92% of its top line. Despite revenue growth, the company has struggled to generate positive operating income, even in favorable interest rate environments, making profitability difficult in the current economic climate.
- Inventory Risk and Dependence on Debt and Financing: The company's model requires holding a large inventory of homes, which ties up significant capital and necessitates substantial reliance on debt and financing arrangements. The longer a home remains in Opendoor's inventory, the greater the financial burden due to interest expenses and lost opportunities. Managing this inventory, especially "legacy inventory" acquired under previous strategies, poses ongoing operational pressures and can lead to uneven contribution margins.
AI Analysis | Feedback
Emerging threats for Opendoor Technologies (OPEN) include the rise of "Power Buyer" or "Buy-Before-You-Sell" companies. These platforms offer consumers alternatives to traditional selling and direct iBuying by providing financing and technology that enable cash offers for buyers or bridge loans for sellers to purchase a new home before listing their old one. This model offers similar benefits of speed, convenience, and certainty in transactions that Opendoor provides, but potentially allows sellers to achieve a better sale price by eventually listing their current home on the open market, thereby directly competing for Opendoor's target customer segment.
AI Analysis | Feedback
Opendoor Technologies (OPEN) operates in the United States, primarily focusing on online residential real estate transactions (iBuying) and providing title insurance and escrow services. The addressable markets for these services in the U.S. are as follows:
- Online Residential Real Estate (iBuying): The total addressable market for residential real estate in the United States, which encompasses the market for iBuying services, is estimated at USD 3.81 trillion in 2026.
- Title Insurance Services: The addressable market for the title insurance industry in the United States reached a revenue of approximately $17.1 billion in 2025.
- Escrow Services: Null
AI Analysis | Feedback
Opendoor Technologies Inc. (OPEN) is expected to drive future revenue growth over the next two to three years through several key strategic initiatives aimed at expanding its market reach, diversifying its offerings, and enhancing operational efficiency.
1. Scaling Home Acquisitions and Improving Resale Velocity
A primary driver for Opendoor's future revenue growth is its focus on significantly increasing the volume of homes it acquires and expediting their resale. As part of its "Opendoor 2.0" strategy, the company has ramped up its acquisition pace, with weekly acquisitions surging from 131 to 442 homes, a 3.4x increase since September. Opendoor acquired 1,706 homes in the fourth quarter of 2025, marking a 46% quarter-over-quarter increase. The company aims to acquire approximately 6,000 homes per quarter by the end of 2026. Faster resale cycles are also crucial, as they reduce inventory risk and capital exposure, thereby improving overall margins and enabling higher transaction volumes.
2. Expanding Product Offerings and Services
Opendoor is diversifying its platform beyond its traditional instant cash offer model to provide a wider array of flexible solutions for home sellers and buyers. This includes the introduction of "Cash Plus," a hybrid product that combines the certainty of a cash offer with the potential upside of a market listing through a partner agent. The company is also offering "List with Opendoor" and "Opendoor Checkout," which allows customers to tour homes and place offers online without agent dependency. This product expansion strategy aims to serve a broader addressable market, reduce capital risk, and capture additional revenue streams by offering a full suite of services, including potential future ventures into mortgages, home insurance, home warranty, and other moving-related services.
3. Strategic Geographic Expansion and Market Penetration
While maintaining a focus on high-turnover Sun Belt metropolitan areas, Opendoor plans for measured additions to its operational markets between 2024 and 2026. These expansions will be strategically tied to inventory turns and contribution margins rather than a broad national rollout. Furthermore, product revamp efforts are leading to an expansion of geographic coverage, making Opendoor's services available to nearly all homeowners across the United States. The company has also outlined plans to expand certain operations across the U.S., which will increase its pool of potential customers.
4. Leveraging Technology and AI for Operational Efficiency
Opendoor is heavily investing in artificial intelligence and technology to enhance its operational efficiency, improve pricing accuracy, and streamline the entire real estate transaction process. This includes AI-supported home scoping, automated title and escrow processes, and a self-assessment tool for sellers, which improves efficiency and allows for higher transaction volumes without a proportional increase in costs. These technological advancements are expected to lead to improved unit economics and a "flywheel effect" where more transactions generate more data, leading to smarter AI, better offers, and increased customer attraction, ultimately contributing to sustained revenue growth.
AI Analysis | Feedback
Share Repurchases
- Opendoor announced a new $200 million share buyback program in Q3 2025.
- The company used proceeds from a $1.2 billion registered direct equity offering to repurchase approximately $264 million of its 2030 Convertible Senior Notes.
Share Issuance
- In November 2025, Opendoor filed a prospectus supplement for a major stock issuance of 180,580,200 shares of common stock, priced at $6.56 each.
- In August 2021, Opendoor priced an upsized offering of $850 million aggregate principal amount of 0.25% convertible senior notes due 2026.
- The company distributed three series of tradable warrants (Series K, A, and Z) as a special dividend to stockholders and convertible noteholders in November 2025, with exercise prices of $9.00, $13.00, and $17.00 respectively, and expiring in November 2026.
Capital Expenditures
- Opendoor's capital expenditures were reported as $33 million in 2021, $37 million in 2022, $37 million in 2023, $25 million in 2024, and $12 million in 2025.
- The company's CEO has emphasized an aggressive adoption of AI, indicating investments in product and AI-driven efficiencies to achieve profitability.
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| 03272026 | SBAC | SBA Communications | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 32.4% | 32.4% | 0.0% |
| 03132026 | HIW | Highwoods Properties | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 13.3% | 13.3% | -4.1% |
| 03062026 | ARE | Alexandria Real Estate Equities | Insider | Insider Buys | Low D/EStrong Insider BuyingCompanies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap | -18.9% | -18.9% | -19.1% |
| 03062026 | VNO | Vornado Realty Trust | Insider | Insider Buys | Low D/EStrong Insider BuyingCompanies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap | 11.0% | 11.0% | -8.3% |
| 02272026 | KRC | Kilroy Realty | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 13.7% | 13.7% | -5.4% |
Research & Analysis
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 8.47 |
| Mkt Cap | 5.3 |
| Rev LTM | 3,316 |
| Op Inc LTM | -25 |
| FCF LTM | 193 |
| FCF 3Y Avg | 129 |
| CFO LTM | 282 |
| CFO 3Y Avg | 146 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 11.1% |
| Rev Chg 3Y Avg | 7.8% |
| Rev Chg Q | 11.8% |
| QoQ Delta Rev Chg LTM | 2.7% |
| Op Inc Chg LTM | -6.3% |
| Op Inc Chg 3Y Avg | 29.0% |
| Op Mgn LTM | -1.1% |
| Op Mgn 3Y Avg | -6.2% |
| QoQ Delta Op Mgn LTM | -0.2% |
| CFO/Rev LTM | 17.2% |
| CFO/Rev 3Y Avg | 4.1% |
| FCF/Rev LTM | 11.0% |
| FCF/Rev 3Y Avg | 3.8% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 5.3 |
| P/S | 0.9 |
| P/Op Inc | -6.2 |
| P/EBIT | -2.3 |
| P/E | 70.6 |
| P/CFO | 14.8 |
| Total Yield | 0.5% |
| Dividend Yield | 0.0% |
| FCF Yield 3Y Avg | 1.9% |
| D/E | 0.2 |
| Net D/E | 0.0 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -17.7% |
| 3M Rtn | -17.1% |
| 6M Rtn | -38.5% |
| 12M Rtn | -19.7% |
| 3Y Rtn | -17.8% |
| 1M Excs Rtn | -21.8% |
| 3M Excs Rtn | -25.2% |
| 6M Excs Rtn | -53.9% |
| 12M Excs Rtn | -50.2% |
| 3Y Excs Rtn | -98.1% |
Price Behavior
| Market Price | $4.57 | |
| Market Cap ($ Bil) | 4.0 | |
| First Trading Date | 06/18/2020 | |
| Distance from 52W High | -56.6% | |
| 50 Days | 200 Days | |
| DMA Price | $4.94 | $6.00 |
| DMA Trend | up | indeterminate |
| Distance from DMA | -7.5% | -23.8% |
| 3M | 1YR | |
| Volatility | 67.9% | 160.6% |
| Downside Capture | 195.42 | 138.61 |
| Upside Capture | 129.80 | 321.86 |
| Correlation (SPY) | 38.0% | 23.5% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 1.23 | 1.99 | 2.16 | 3.32 | 3.13 | 2.52 |
| Up Beta | 1.18 | 1.59 | 1.67 | 3.21 | 2.95 | 1.62 |
| Down Beta | -0.88 | 3.16 | 3.08 | 3.70 | 3.67 | 2.06 |
| Up Capture | 154% | 169% | 205% | 371% | 1573% | 40463% |
| Bmk +ve Days | 15 | 22 | 31 | 66 | 141 | 428 |
| Stock +ve Days | 14 | 21 | 32 | 57 | 126 | 358 |
| Down Capture | 56% | 199% | 211% | 244% | 153% | 113% |
| Bmk -ve Days | 4 | 18 | 30 | 56 | 108 | 321 |
| Stock -ve Days | 8 | 22 | 32 | 67 | 124 | 377 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with OPEN | |
|---|---|---|---|---|
| OPEN | 521.6% | 160.5% | 1.80 | - |
| Sector ETF (XLRE) | 10.0% | 13.7% | 0.45 | 17.0% |
| Equity (SPY) | 26.8% | 12.1% | 1.67 | 23.2% |
| Gold (GLD) | 37.5% | 26.8% | 1.16 | 9.2% |
| Commodities (DBC) | 43.5% | 18.6% | 1.80 | -4.4% |
| Real Estate (VNQ) | 12.0% | 13.4% | 0.59 | 19.5% |
| Bitcoin (BTCUSD) | -27.2% | 41.8% | -0.65 | 13.0% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with OPEN | |
|---|---|---|---|---|
| OPEN | -21.3% | 113.2% | 0.29 | - |
| Sector ETF (XLRE) | 4.6% | 19.0% | 0.14 | 35.1% |
| Equity (SPY) | 13.8% | 17.0% | 0.64 | 39.9% |
| Gold (GLD) | 19.3% | 18.0% | 0.87 | 7.2% |
| Commodities (DBC) | 10.8% | 19.4% | 0.44 | 4.6% |
| Real Estate (VNQ) | 3.8% | 18.8% | 0.10 | 38.1% |
| Bitcoin (BTCUSD) | 9.3% | 55.6% | 0.37 | 22.0% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with OPEN | |
|---|---|---|---|---|
| OPEN | -8.2% | 110.6% | 0.36 | - |
| Sector ETF (XLRE) | 6.8% | 20.4% | 0.29 | 31.9% |
| Equity (SPY) | 15.5% | 17.9% | 0.74 | 38.1% |
| Gold (GLD) | 13.2% | 16.0% | 0.68 | 8.3% |
| Commodities (DBC) | 7.8% | 17.9% | 0.35 | 4.8% |
| Real Estate (VNQ) | 5.4% | 20.7% | 0.22 | 34.5% |
| Bitcoin (BTCUSD) | 67.3% | 66.9% | 1.06 | 20.8% |
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Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 5/7/2026 | -5.8% | -16.0% | |
| 2/19/2026 | 7.5% | 16.3% | 5.6% |
| 11/6/2025 | 0.0% | 30.5% | 13.0% |
| 8/5/2025 | -24.6% | -2.0% | 136.5% |
| 2/27/2025 | -6.3% | -17.5% | -21.0% |
| 11/7/2024 | -1.1% | -5.3% | 16.6% |
| 8/1/2024 | -12.7% | -21.1% | 0.9% |
| 5/2/2024 | 8.9% | 13.3% | 7.4% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 7 | 7 | 10 |
| # Negative | 13 | 13 | 9 |
| Median Positive | 15.6% | 16.3% | 14.8% |
| Median Negative | -10.4% | -16.0% | -19.0% |
| Max Positive | 32.6% | 55.6% | 136.5% |
| Max Negative | -26.3% | -28.9% | -34.2% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 05/07/2026 | 10-Q |
| 12/31/2025 | 02/19/2026 | 10-K |
| 09/30/2025 | 11/06/2025 | 10-Q |
| 06/30/2025 | 08/05/2025 | 10-Q |
| 03/31/2025 | 05/06/2025 | 10-Q |
| 12/31/2024 | 02/27/2025 | 10-K |
| 09/30/2024 | 11/07/2024 | 10-Q |
| 06/30/2024 | 08/01/2024 | 10-Q |
| 03/31/2024 | 05/02/2024 | 10-Q |
| 12/31/2023 | 02/15/2024 | 10-K |
| 09/30/2023 | 11/02/2023 | 10-Q |
| 06/30/2023 | 08/03/2023 | 10-Q |
| 03/31/2023 | 05/04/2023 | 10-Q |
| 12/31/2022 | 02/23/2023 | 10-K |
| 09/30/2022 | 11/03/2022 | 10-Q |
| 06/30/2022 | 08/04/2022 | 10-Q |
Recent Forward Guidance [BETA]
Latest: Q1 2026 Earnings Reported 5/7/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q2 2026 Revenue Growth | 25.0% | -350.0% | 35.0% | Raised | Guidance: -10.0% for Q1 2026 | ||
| Q2 2026 Contribution Margin | 5.0% | 6.0% | 7.0% | ||||
| Q2 2026 Adjusted EBITDA | 0 | -100.0% | Raised | Guidance: -32.50 Mil for Q1 2026 | |||
Prior: Q4 2025 Earnings Reported 2/19/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q1 2026 Revenue Growth | -10.0% | -71.4% | 25.0% | Raised | Guidance: -35.0% for Q4 2025 | ||
| Q1 2026 Adjusted EBITDA | -35.00 Mil | -32.50 Mil | -30.00 Mil | -35.0% | Raised | Guidance: -50.00 Mil for Q4 2025 | |
Insider Activity
Expand for More| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Schwartz, Christina | Chief Financial Officer | Direct | Sell | 5192026 | 4.33 | 74,348 | 322,090 | 16,331,813 | Form |
| 2 | Nejatian, Kasra | Chief Executive Officer | Direct | Buy | 5122026 | 4.88 | 100,000 | 487,800 | 407,694,943 | Form |
| 3 | Nguyen, Giang | Chief Operating Officer | Direct | Sell | 4172026 | 4.65 | 10,866 | 50,488 | 38,049,992 | Form |
| 4 | Schwartz, Christina | Chief Financial Officer | Direct | Sell | 2192026 | 4.32 | 74,248 | 320,633 | 16,600,854 | Form |
| 5 | Schwartz, Christina | See Remarks | Direct | Sell | 11182025 | 7.90 | 73,951 | 583,961 | 4,173,053 | Form |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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