OpenDoor

OverviewSuggest Edit

Opendoor is an online home-selling service aimed at streamlining the sales process down. The company is helping clients find and buy homes, as well as makes it easy for them to sell their home for a competitive price.
TypePublic
Founded2014
HQSan Francisco, CA, US
Websiteopendoor.com
Employee Ratings3.8
Overall CultureA+

Latest Updates

Employees (est.) (Dec 2020)1,048(-12%)
Job Openings60
Revenue (FY, 2020)$2.6 B(-45%)
Share Price (Aug 2022)$4.7(-9%)
Cybersecurity ratingBMore
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Key People/Management at OpenDoor

Adam Bain

Adam Bain

Director
Eric Wu

Eric Wu

CEO & Co-Founder, Chairman
Cipora Herman

Cipora Herman

Director
Andrew Low Ah Kee

Andrew Low Ah Kee

President
Kushal Chakrabarti

Kushal Chakrabarti

VP of Research & Data Science
Jonathan Jaffe

Jonathan Jaffe

Director
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OpenDoor Office Locations

OpenDoor has offices in San Francisco, Atlanta, Austin, Bloomington and in 18 other locations
San Francisco, CA, US (HQ)
McKesson Plaza, 1 Post St Floor 11, San Francisco
Atlanta, GA, US
84 Walton St NW #120
Austin, TX, US
901 Mopac Expressway South, Barton Oaks Plaza One, Suite 300
Bloomington, MN, US
7760 France Ave S #1100
Charlotte, NC, US
128 S Tryon St
Dallas, TX, US
5307 E Mockingbird Ln #220
Show all (22)

OpenDoor Financials and Metrics

OpenDoor Revenue

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OpenDoor's revenue was reported to be $2.58 b in FY, 2020 which is a 45.5% decrease from the previous period.
USD

Revenue (Q3, 2021)

2.3b

Gross profit (Q3, 2021)

202.5m

Gross profit margin (Q3, 2021), %

8.9%

Net income (Q3, 2021)

(56.8m)

EBIT (Q3, 2021)

(68.4m)

Market capitalization (4-Aug-2022)

3.3b

Closing stock price (4-Aug-2022)

4.7

Cash (30-Sept-2021)

1.4b

EV

8.3b
OpenDoor's current market capitalization is $3.3 b.
Annual
USDFY, 2018FY, 2019FY, 2020

Revenue

1.8b4.7b2.6b

Revenue growth, %

158%(46%)

Cost of goods sold

1.7b4.4b2.4b

Gross profit

133.4m301.3m219.8m
Quarterly
USDQ1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021

Revenue

1.3b739.8m338.6m747.3m1.2b2.3b

Cost of goods sold

1.2b685.3m302.8m650.1m1.0b2.1b

Gross profit

91.0m54.6m35.8m97.1m158.8m202.5m

Gross profit Margin, %

7%7%11%13%13%9%
Annual
USDFY, 2019FY, 2020

Cash

405.1m1.4b

Accounts Receivable

13.9m1.5m

Inventories

1.3b465.9m

Current Assets

2.1b2.1b
Quarterly
USDQ1, 2021Q2, 2021Q3, 2021

Cash

2.0b1.6b1.4b

Accounts Receivable

19.3m32.8m121.4m

Inventories

840.6m2.7b6.3b

Current Assets

3.1b4.7b8.8b
Annual
USDFY, 2018FY, 2019FY, 2020

Net Income

(239.9m)(339.2m)(286.8m)

Depreciation and Amortization

12.8m27.4m38.6m

Inventories

(1.0b)17.0m834.1m

Accounts Payable

16.4m(4.3m)(4.0m)
Quarterly
USDQ1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021

Net Income

(62.2m)(118.1m)(199.0m)(270.4m)(414.2m)(471.1m)

Depreciation and Amortization

9.5m20.1m31.1m10.3m16.6m26.6m

Inventories

480.2m1.0b1.1b(374.7m)(2.2b)(5.8b)

Accounts Payable

(4.6m)(8.9m)3.4m15.7m34.6m102.3m
USDFY, 2018

Revenue/Employee

2.8m
Show all financial metrics

OpenDoor Operating Metrics

OpenDoor's Customers was reported to be 560 k in FY, 2020.
FY, 2019FY, 2020Q1, 2021Q2, 2021Q3, 2021

Customers

560 k

Homes Sold Total

19 k5.99 k

Markets

21273944

Patents Pending

15

OpenDoor Acquisitions / Subsidiaries

Company NameDateDeal Size
RedDoorNovember 03, 2021$12.5 m
Pro.comSeptember 03, 2021$21.8 m
OS NationalSeptember 06, 2019
Open ListingsSeptember 11, 2018
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 III LLC
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Human Capital Metrics

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OpenDoor Cybersecurity Score

Cybersecurity ratingPremium dataset

B

81/100

SecurityScorecard logo

OpenDoor Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

CSRHub logo

OpenDoor Online and Social Media Presence

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OpenDoor Company Culture

  • Overall Culture

    A+

    87/100

  • CEO Rating

    A+

    86/100

  • Compensation

    A+

    89/100

  • Diversity

    A-

    81/100

Learn more on Comparably

OpenDoor News and Updates

pinned

Silicon Valley Upstart Opendoor Is Changing The Way Americans Buy And Sell Their Homes

Opendoor is betting that there are hundreds of thousands of Americans who value the certainty of a sale over getting the highest price. The company makes money by taking a service fee of 6%, similar to the standard real estate commission, plus an additional fee that varies with its assessment of the…

OpenDoor Blogs

Unlock hope for women with breast cancer

This October, we’re partnering with NBCF to support National Breast Cancer Awareness Month. The post Unlock hope for women with breast cancer appeared first on Opendoor Blog.

How to maximize the benefits of moving for a new job

There are some great ways to save when moving for a new job. Some of which may even surprise you. The post How to maximize the benefits of moving for a new job appeared first on Opendoor Blog.

The emotional impact of selling your home

We explore the emotions of the home selling process and share tips on how to embrace them. The post The emotional impact of selling your home appeared first on Opendoor Blog.

Oh. My. Gourd. An in-home pumpkin patch in Phoenix?!

Announcing Phoenix's first in-home pumpkin patch. Stop by for pumpkins, candy, face painting and more! The post Oh. My. Gourd. An in-home pumpkin patch in Phoenix?! appeared first on Opendoor Blog.

How Opendoor saved the day for a couple of hometown heroes

The Rodriguez family received a letter in the mail from Opendoor. It came at just the right time. The post How Opendoor saved the day for a couple of hometown heroes appeared first on Opendoor Blog.

Best neighborhoods for trick-or-treating in Dallas-Fort Worth

Opendoor's Dallas-Fort Worth market is one of the best cities to celebrate Halloween. Our tips. The post Best neighborhoods for trick-or-treating in Dallas-Fort Worth appeared first on Opendoor Blog.
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OpenDoor Frequently Asked Questions

  • When was OpenDoor founded?

    OpenDoor was founded in 2014.

  • Who are OpenDoor key executives?

    OpenDoor's key executives are Adam Bain, Eric Wu and Cipora Herman.

  • How many employees does OpenDoor have?

    OpenDoor has 1,048 employees.

  • What is OpenDoor revenue?

    Latest OpenDoor annual revenue is $2.6 b.

  • What is OpenDoor revenue per employee?

    Latest OpenDoor revenue per employee is $2.5 m.

  • Who are OpenDoor competitors?

    Competitors of OpenDoor include Flyhomes, EmCasa and Zillow.

  • Where is OpenDoor headquarters?

    OpenDoor headquarters is located at McKesson Plaza, 1 Post St Floor 11, San Francisco, San Francisco.

  • Where are OpenDoor offices?

    OpenDoor has offices in San Francisco, Atlanta, Austin, Bloomington and in 18 other locations.

  • How many offices does OpenDoor have?

    OpenDoor has 22 offices.