Opendoor Technologies Inc
NASDAQ:OPEN
Opendoor Technologies Inc
Gross Profit
Opendoor Technologies Inc
Gross Profit Peer Comparison
Competitors Analysis
Latest Figures & CAGR of Competitors
| Company | Gross Profit | CAGR 3Y | CAGR 5Y | CAGR 10Y | ||
|---|---|---|---|---|---|---|
|
|
Opendoor Technologies Inc
NASDAQ:OPEN
|
Gross Profit
$433m
|
CAGR 3-Years
-16%
|
CAGR 5-Years
8%
|
CAGR 10-Years
N/A
|
|
|
Jones Lang LaSalle Inc
NYSE:JLL
|
Gross Profit
N/A
|
CAGR 3-Years
N/A
|
CAGR 5-Years
N/A
|
CAGR 10-Years
N/A
|
|
|
C
|
Compass Inc
NYSE:COMP
|
Gross Profit
$994.5m
|
CAGR 3-Years
-4%
|
CAGR 5-Years
17%
|
CAGR 10-Years
N/A
|
|
|
CBRE Group Inc
NYSE:CBRE
|
Gross Profit
$7.1B
|
CAGR 3-Years
4%
|
CAGR 5-Years
6%
|
CAGR 10-Years
7%
|
|
|
Zillow Group Inc
NASDAQ:ZG
|
Gross Profit
$1.7B
|
CAGR 3-Years
-8%
|
CAGR 5-Years
5%
|
CAGR 10-Years
19%
|
|
|
Newmark Group Inc
NASDAQ:NMRK
|
Gross Profit
$2.7B
|
CAGR 3-Years
-2%
|
CAGR 5-Years
4%
|
CAGR 10-Years
N/A
|
|
Opendoor Technologies Inc
Glance View
Opendoor Technologies Inc., co-founded by Eric Wu, is a frontrunner in revolutionizing the real estate industry through its innovative technology-driven model. The company carved out a niche by simplifying the home-selling process; it uses data science to make instant offers to homeowners wanting to sell their properties. This approach significantly reduces the hassle and time traditionally involved with real estate transactions. By utilizing algorithms that consider various data points from market trends to property specifics, Opendoor makes speedy cash offers, allowing sellers to bypass the often cumbersome listing, staging, and negotiation stages. Once a property is acquired, Opendoor assumes the role of a traditional home flipper. The company undertakes necessary renovations and enhancements to prepare the property for resale. Its profit model hinges on selling homes at a margin above the purchase and repair costs, as well as charging fees similar to a conventional real estate commission. By streamlining the transaction process with a focus on convenience and certainty, Opendoor not only appeals to sellers seeking quick sales but also attracts buyers with thoroughly prepped homes, ready for immediate move-in. This transactional efficiency and customer-centric focus position Opendoor as a disruptive force in the real estate sector, challenging traditional brokerage models with its tech-forward, efficient approach.
See Also
What is Opendoor Technologies Inc's Gross Profit?
Gross Profit
433m
USD
Based on the financial report for Dec 31, 2024, Opendoor Technologies Inc's Gross Profit amounts to 433m USD.
What is Opendoor Technologies Inc's Gross Profit growth rate?
Gross Profit CAGR 5Y
8%
Over the last year, the Gross Profit growth was -11%. The average annual Gross Profit growth rates for Opendoor Technologies Inc have been -16% over the past three years , 8% over the past five years .
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