Opendoor Valuation Multiples

Opendoor Overview

About Opendoor

Opendoor Technologies Inc is an end-to-end real estate platform enabling customers to sell and buy a home online. Its product offerings include Sell to Opendoor, its core product where sellers sell their homes directly to the company, and it resells those homes to buyers; List with Opendoor, for customers to list their homes with a partner agent; and Opendoor Marketplace, a capital-light marketplace offering that connects home sellers with both institutional and retail buyers. In addition to these products, the company also offers its customers integrated title insurance and escrow services through its subsidiaries. A vast majority of the company's revenue is generated by its core product offering, where it acquires homes directly from sellers and resells those homes to buyers.

Founded

2013

HQ

Employees

1.0K

Website

opendoor.com

Sectors

Real Estate ServicesPropTech

Financials (LTM)

Revenue: $4B

EBITDA: ($67M)

EV

$5B

Valuation Multiples

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Opendoor Financials

Opendoor reported last 12-month revenue of $4B and negative EBITDA of ($67M).

In the same LTM period, Opendoor generated $399M in gross profit, ($67M) in EBITDA losses, and had net loss of ($980M).

Opendoor P&L

In the most recent fiscal year, Opendoor reported revenue of $4B and EBITDA of ($83M).

Opendoor expects next 12-month revenue of XXX and NTM EBITDA of XXX

Opendoor Stock Performance

Opendoor has current market cap of $5B, and enterprise value of $5B.

Opendoor's stock price is $5.29.

Opendoor Valuation Multiples

Opendoor trades at 1.3x EV/Revenue multiple, and (80.6x) EV/EBITDA.

Opendoor Financial Valuation Multiples

As of April 20, 2026, Opendoor has market cap of $5B and EV of $5B.

Equity research analysts estimate Opendoor's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX

Opendoor has a P/E ratio of (5.2x).

Opendoor Margins & Growth Rates

Opendoor's revenue in the last 12 month grew by 16%.

Opendoor's revenue per employee in the last FY averaged $4.2M, while opex per employee averaged $0.6M for the same period.

Opendoor's rule of 40 is (3%) (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Opendoor's rule of X is (7%) (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

Opendoor Public Comps

See public comps and valuation multiples for other Real Estate Services comps.

Opendoor M&A Activity

Opendoor acquired XXX companies to date.

Last acquisition by Opendoor was on XXXXXXXX, XXXXX. Opendoor acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).

Opendoor Investment Activity

Opendoor invested in XXX companies to date.

Opendoor made its latest investment on XXXXXXXX, XXXXX. Opendoor invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).