The upcoming earnings report for Opendoor Technologies Inc. is set for Wednesday, May 6th, with a consensus estimate EPS of -0.05.
Opendoor Technologies Inc. (OPEN) is currently priced at $5.5, reflecting a price change of 11.5 cents (2.13%) from the previous close. The trading volume stands at $19.70 million, representing a 46.76% increase relative to the average.
In the latest quarterly earnings report on Wednesday, February 18th, Opendoor Technologies Inc. reported a consensus estimate EPS of -0.08.
The company's operating cash flow is $70 million, with a net change in cash of -$151 million. Debt repayment amounted to $1.36 billion, impacting the cash position which now stands at $1.30 billion.
Opendoor's revenue for the period was $736 million, with a gross profit of $46 million. Operating expenses totaled $197 million, resulting in a net income of -$1 billion and an EPS of -$1.42.
Key financial ratios indicate challenges, with negative margins across operating profit, pretax profit, and net profit. The return on equity is -109.05%, and the price-to-earnings ratio is -1.02.
The balance sheet shows total assets of $2.41 billion, with total liabilities at $1.40 billion, and net debt at -$769 million.
This comprehensive analysis provides insights into Opendoor Technologies Inc.'s financial performance and market standing.
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.