Opendoor Technologies Inc. (OPEN) intrinsic value & 10-year financials
Opendoor Technologies Inc. (OPEN) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 9 fiscal years revenue grew 13.2% a year to $4.4B, with an average return on invested capital of 257.2%.
- Graham intrinsic value
- —
- Share price (Oct 17, 2026)
- $2.12
- Market cap
- $1.6B
- Revenue (FY2025)
- $4.4B
- Revenue growth (9-yr CAGR)
- 13.2%
- ROIC (10-yr avg)
- 257.2%
- Free cash flow (FY2025)
- $1.0B
OPEN 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $4.4B | -$1.3B | -$1.70 | $1.0B | -6.6% | -551.9% |
| FY2024 | $5.2B | -$392.0M | -$0.56 | -$620.0M | -6.2% | -1523.8% |
| FY2023 | $6.9B | -$275.0M | -$0.42 | $2.3B | -5.6% | 2969.2% |
| FY2022 | $15.6B | -$1.4B | -$2.16 | $693.0M | -6.0% | -341.0% |
| FY2021 | $8.0B | -$662.0M | -$1.12 | -$5.8B | -7.1% | -92.5% |
| FY2020 | $2.6B | -$286.8M | -$2.62 | $664.6M | -7.2% | -56.9% |
| FY2019 | $4.7B | -$341.0M | -$4.37 | -$300.0M | -5.2% | 1596.9% |
| FY2018 | $1.8B | -$241.3M | -$3.16 | -$1.2B | -8.9% | 58.0% |
| FY2017 | — | — | — | — | — | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Opendoor Technologies Inc. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.
Opendoor Technologies Inc. has historically struggled to out-earn its cost of capital, averaging just -8.7% ROIC.
Opendoor Technologies Inc. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Opendoor Technologies Inc. is modeled at 13.2% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-51.10 per share.