opendoor makes it possible to sell a home online in minutes, removing all of the headache, uncertainty and risk from the transaction. opendoor is headquartered in san francisco, calif. and has received a total of $320 million in venture funding from khosla ventures, ggv capital, and access industries, along with a large group of angel investors. for more information, please visit www.opendoor.com.
Company profile
Ticker
OPEN
Exchange
Website
CEO
Eric Chung Wei Wu
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
Social Capital Hedosophia Holdings Corp. II
SEC CIK
Corporate docs
Subsidiaries
Digital Opendoor Insurance Services LLC • OD Arizona D LLC • OD Equity Owner D LLC • OD Homes Brokerage Inc • OD Intermediate Holdco C LLC • OD Intermediate SUBI Holdco I LLC • OD Intermediate SUBI Holdco II LLC • OD Intermediate SUBI Holdco IV LLC • OD Intermediate SUBI Holdco V LLC • OD Intermediate SUBI Holdco VII LLC ...
IRS number
981515020
OPEN stock data
Latest filings (excl ownership)
10-K
2023 FY
Annual report
15 Feb 24
8-K
Opendoor Announces Fourth Quarter and Full Year 2023 Financial Results
15 Feb 24
UPLOAD
Letter from SEC
23 Jan 24
8-K
Departure of Directors or Certain Officers
15 Dec 23
CORRESP
Correspondence with SEC
15 Dec 23
UPLOAD
Letter from SEC
5 Dec 23
8-K
Other Events
14 Nov 23
10-Q
2023 Q3
Quarterly report
2 Nov 23
8-K
Dana Hamilton joins Opendoor Board of Directors
2 Nov 23
8-K
Opendoor Announces Third Quarter of 2023 Financial Results
2 Nov 23
Transcripts
OPEN
Earnings call transcript
2023 Q4
15 Feb 24
OPEN
Earnings call transcript
2023 Q3
2 Nov 23
OPEN
Earnings call transcript
2023 Q2
3 Aug 23
OPEN
Earnings call transcript
2023 Q1
4 May 23
OPEN
Earnings call transcript
2022 Q4
23 Feb 23
OPEN
Earnings call transcript
2022 Q3
3 Nov 22
OPEN
Earnings call transcript
2022 Q2
5 Aug 22
OPEN
Earnings call transcript
2022 Q1
6 May 22
OPEN
Earnings call transcript
2021 Q4
25 Feb 22
OPEN
Earnings call transcript
2021 Q3
11 Nov 21
Latest ownership filings
4
Christina Schwartz
17 Apr 24
4
Megan D. Meyer
17 Apr 24
144
Notice of proposed sale of securities
16 Apr 24
4
Megan D. Meyer
15 Apr 24
4
Sydney Schaub
9 Apr 24
4
Christina Schwartz
2 Apr 24
144
Notice of proposed sale of securities
1 Apr 24
4
Megan D. Meyer
29 Mar 24
144
Notice of proposed sale of securities
28 Mar 24
4
CARRIE WHEELER
18 Mar 24
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | |
---|---|---|---|---|
Revenue | ||||
Cost of revenue | ||||
Operating income | ||||
Operating margin | ||||
Net income | ||||
Net profit margin | ||||
Cash on hand | ||||
Change in cash | ||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 2.38 bn | 2.38 bn | 2.38 bn | 2.38 bn | 2.38 bn | 2.38 bn |
Cash burn (monthly) | 142.00 mm | 58.42 mm | 35.33 mm | 58.08 mm | 72.00 mm | (no burn) |
Cash used (since last report) | 944.49 mm | 388.55 mm | 235.01 mm | 386.33 mm | 478.90 mm | n/a |
Cash remaining | 1.43 bn | 1.99 bn | 2.14 bn | 1.99 bn | 1.90 bn | n/a |
Runway (months of cash) | 10.1 | 34.1 | 60.7 | 34.3 | 26.4 | n/a |
Institutional ownership, Q4 2023
54.5% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 228 |
Opened positions | 42 |
Closed positions | 113 |
Increased positions | 68 |
Reduced positions | 63 |
13F shares | Current |
---|---|
Total value | 1.07 tn |
Total shares | 370.58 mm |
Total puts | 1.63 mm |
Total calls | 1.65 mm |
Total put/call ratio | 1.0 |
Largest owners | Shares | Value |
---|---|---|
Vanguard | 86.26 mm | $386.44 bn |
Access Industries Management | 53.60 mm | $1.02 bn |
Khosla Ventures IV | 46.12 mm | $1.05 bn |
Renaissance Technologies | 26.42 mm | $118.35 mm |
Sylebra Capital | 26.25 mm | $117.62 bn |
Dimensional Fund Advisors | 15.89 mm | $71.20 bn |
STT State Street | 12.87 mm | $57.68 bn |
GGV Capital | 12.81 mm | $57.40 bn |
American Century Companies | 10.29 mm | $46.10 bn |
MS Morgan Stanley | 9.68 mm | $43.38 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
16 Apr 24 | Christina Schwartz | Common Stock | Sell | Dispose S | No | Yes | 2.125 | 3,566 | 7.58 k | 826,599 |
15 Apr 24 | Christina Schwartz | Common Stock | Sell | Dispose S | No | Yes | 2.2523 | 1,556 | 3.50 k | 830,165 |
15 Apr 24 | Christina Schwartz | Common Stock | Sell | Dispose S | No | Yes | 2.252 | 5,855 | 13.19 k | 831,721 |
15 Apr 24 | Megan D. Meyer | Common Stock | Sell | Dispose S | No | Yes | 2.252 | 91,048 | 205.04 k | 4,697,452 |
11 Apr 24 | Megan D. Meyer | Common Stock | Sell | Dispose S | No | Yes | 2.4349 | 4,808 | 11.71 k | 4,788,500 |
9 Apr 24 | Sydney Schaub | Common Stock | Sell | Dispose S | No | Yes | 2.73 | 2,513 | 6.86 k | 1,451,339 |
1 Apr 24 | Christina Schwartz | Common Stock | Sell | Dispose S | No | Yes | 2.9199 | 15,000 | 43.80 k | 837,576 |
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