Opendoor Technologies Inc
NASDAQ:OPEN

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Opendoor Technologies Inc
NASDAQ:OPEN
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Price: 1.61 USD -6.4% Market Closed
Market Cap: 1.2B USD
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Gross Margin
Opendoor Technologies Inc

8.5%
Current
7%
Average
49.5%
Industry

Gross Margin is the amount of money a company retains after incurring the direct costs associated with producing the goods it sells and the services it provides. The higher the gross margin, the more capital a company retains, which it can then use to pay other costs or satisfy debt obligations.

Gross Margin
8.5%
=
Gross Profit
420m
/
Revenue
4.9B

Gross Margin Across Competitors

Country US
Market Cap 1.1B USD
Gross Margin
9%
Country US
Market Cap 39.4B USD
Gross Margin
20%
Country CN
Market Cap 152.6B HKD
Gross Margin
25%
Country US
Market Cap 16.3B USD
Gross Margin
76%
Country US
Market Cap 11.8B USD
Gross Margin
0%
Country CA
Market Cap 11.5B CAD
Gross Margin
33%
Country CA
Market Cap 9.8B CAD
Gross Margin
40%
Country US
Market Cap 2.8B USD
Gross Margin
18%
Country UK
Market Cap 2.8B USD
Gross Margin
18%
Country US
Market Cap 2.1B USD
Gross Margin
99%
Country HK
Market Cap 15.8B HKD
Gross Margin
16%
No Stocks Found

Opendoor Technologies Inc
Glance View

Market Cap
1.1B USD
Industry
Real Estate

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.

OPEN Intrinsic Value
7.4 USD
Undervaluation 78%
Intrinsic Value
Price
What is Gross Margin?

Gross Margin is the amount of money a company retains after incurring the direct costs associated with producing the goods it sells and the services it provides. The higher the gross margin, the more capital a company retains, which it can then use to pay other costs or satisfy debt obligations.

Gross Margin
8.5%
=
Gross Profit
420m
/
Revenue
4.9B
What is the Gross Margin of Opendoor Technologies Inc?

Based on Opendoor Technologies Inc's most recent financial statements, the company has Gross Margin of 8.5%.