Opendoor Technologies Inc. (OPEN)财务
NASDAQ · Real Estate · Real Estate - Services · 员工1,042人 · CEO Kasra Nejatian
- 股价
- $1.80 -5.26%
- 市值
- $17.5亿
- 企业价值
- $10.5亿
- 最近财报
- Q2 '26 2026-08-04提交
- 下次财报
- 2026-11-05 EPS预期 -$0.16
营收(TTM)$32.5亿-37.2% 对比去年同期最近4个季度;柱状图=各季度
营业利润率(TTM)-16.0%-11.6 百分点 对比去年同期营业利润 -$5.22亿
净利润(TTM)-$15.2亿-398.7% 对比去年同期税后,含营业外收益
自由现金流(TTM)-$4.74亿-192.8% 对比去年同期资本支出 $1500万
稀释EPS(TTM)-$1.89-339.7% 对比去年同期最近4个季度之和
净现金$7.02亿+150.3% 对比去年同期现金 + 短期投资 - 债务
估值与关键数据
- 市值
- $17.5亿 EV $10.5亿
- 营收
- $32.5亿 过去12个月
- 营收增速
- -13% FY2026年一致预期
- 净利润率
- -46.7% 净利润 / 营收,TTM
- P/E
- -1.0× 预期 -2.8×(FY2026)
- P/S
- 0.5× 股价 / 营收,TTM
- EV / EBITDA
- -0.8× TTM
- 自由现金流
- -$4.74亿 过去12个月
- 净利润
- -$15.2亿 过去12个月
- 营收预期
- $38.1亿 FY2026年一致预期
- 盈利
- 2026-11-05 营收预期 $10.7亿
- 股息
- – 无股息
核心要点
根据披露数据计算,每条结论都附有其依据的数字。
- 最近财报(2026-08-04):营收低于预期2.5%,EPS 低于预期139.2%营收$8.83亿,预期$9.06亿(-2.5%);EPS -$0.17,预期-$0.07(-139.2%)。
- 营收增长放缓:同比-43.7%Q2 '26营收$8.83亿,此前四个季度的平均值为-24.9%。
- 营业利润率-16.0%(TTM),较去年同期-11.6 百分点营收增长-37.2%,营业利润增长-127.0%。
- 资本支出占营收的0.5%(去年为0.3%)最近4个季度投入$1500万(同比0.0%)。自由现金流-$4.74亿。
- 稀释股数一年内增加32.4%Q2 '26稀释股数9.66亿,一年前为7.29亿。
- 净现金 $7.02亿现金 + 短期投资 $8.96亿,含租赁债务 $1.94亿;一年前净债务 $14亿。
上一季度:Q2 '26
截至2026-06-30的季度。与去年同期及财报发布前的分析师一致预期对比。
本季度与去年同期
| Q2 '26 | 去年同期 | 变化 | |
|---|---|---|---|
| 营收 | $8.83亿 | $15.7亿 | -43.7% |
| 毛利率 | 9.7% | 8.2% | +1.6 百分点 |
| 营业利润 | -$1.44亿 | -$1300万 | -1,007.7% |
| 营业利润率 | -16.3% | -0.8% | -15.5 百分点 |
| 净利润 | -$1.62亿 | -$2900万 | -458.6% |
| 稀释EPS | -$0.17 | -$0.04 | -327.1% |
| 经营现金流 | -$7.18亿 | $8.23亿 | -187.2% |
| 资本支出 | $500万 | $200万 | +150.0% |
| 自由现金流 | -$7.23亿 | $8.21亿 | -188.1% |
| R&D | $2700万 | $2100万 | +28.6% |
| 股权激励费用 | $2.39亿 | $1300万 | +1,738.5% |
实际 vs 一致预期
2026-08-04| 实际 | 一致预期 | 对比预期 | |
|---|---|---|---|
| 营收 | $8.83亿 | $9.06亿 | -2.5% |
| EPS(一致预期口径) | -$0.17 | -$0.07 | -139.2% |
来自2026-08-04发布的Q2 '26财报：营收及分析师预期口径的EPS（通常为调整后），可能与上方报表中的EPS不同。
EPS与一致预期
最近8次财报营收
收入从何而来,按业务线和地区逐季展示。
营收、营业利润与增速
季度按业务线划分的营收
堆叠,季度| 分部 | Q2 '26 | 同比 | 占比 | TTM | TTM同比 | 12个季度 |
|---|---|---|---|---|---|---|
| Reportable Segment | $8.83亿 | – | 100.0% | – | – |
利润率与成本结构
每一单位营收在各层级还剩多少,成本又花在哪里。
利润率
季度成本占营收比例
季度现金流与资本配置
创造了多少现金,用在何处,又有多少回到股东手中。
经营现金流、资本支出、自由现金流
季度现金用途与经营现金流
财年最近4个季度
现金流量表- 经营现金流
- -$4.59亿
- 资本支出
- -$1500万
- 股票回购
- $0
- 股息
- $0
- 收购
- $0
- 债务净发行
- -$11.6亿
- 股权激励费用
- $3.71亿
- 自由现金流
- -$4.74亿
- 股东回报 / FCF
- 0.0%
股数与EPS
季度,稀释资产负债表
各季度末的流动性、投资和债务。
现金、投资与债务
季度末估值与回报
当前估值倍数与公司自身过去五个财年对比;分析师目标价与评级。
估值倍数与回报
TTM与过去5个财年| 当前 | 5年均值 | 当前处于5年区间的位置 | |
|---|---|---|---|
| P/E(TTM) | -1.0× | – | – |
| EV / EBITDA | -0.8× | 497.7× 5年中的1年 | 497.7× – 497.7× |
| EV / 营收 | 0.3× | 0.8× | 0.3× – 1.7× |
| 股价 / FCF | -3.7× | 2.2× 5年中的3年 | 1.0× – 4.3× |
| 股价 / 净资产 | 1.9× | 2.7× | 0.7× – 4.4× |
| FCF收益率 | -27.1% | 14.8% | -67.3% – 95.3% |
| 投入资本回报率 | -26.2% | -11.2% | -14.4% – -6.1% |
| 净资产收益率 | -165.1% | -73.4% | -129.4% – -28.4% |
分析师
一致目标价 $4.92 (+173.3%)
区间 $4.25 – $5.50 · 评级 Hold
强烈买入0
买入7
持有17
卖出3
强烈卖出0
展望
分析师对未来财年的一致预期,以及按当前股价意味着什么。
一致预期
| 财年 | 营收 | 增速 | EPS | 增速 | 按当前股价的P/E | 分析师(EPS) |
|---|---|---|---|---|---|---|
| FY2026 | $38.1亿 | -12.8% | -$0.64 | +62.6% | -2.8× | 4 |
| FY2027 | $72.7亿 | +90.7% | -$0.38 | +40.9% | -4.8× | 4 |
| FY2028 | $91.8亿 | +26.3% | -$0.38 | -1.4% | -4.7× | 7 |
财务报表
利润表、资产负债表和现金流量表的每一项,含12个季度和10个财年,以金额、占营收比例或增速展示。
全部披露项目
Opendoor Technologies Inc.在近期10-Q / 10-K文件中标记的全部222项数据,附SEC官方标签和定义,包括附注(租赁、税务、回购、员工等)。
| 项目(SEC标签) | 最近季度 | 去年同期 | 同比 | 最近财年 | 上一财年 | 同比 |
|---|---|---|---|---|---|---|
| Accounts Payable and Accrued Liabilities, Current | $8000万2025-12-31 | $9200万 | -13.0% | $8000万 | $9200万 | -13.0% |
| Accounts Payable and Other Accrued Liabilities, Current | $7800万 | $8600万 | -9.3% | $8000万 | $9200万 | -13.0% |
| Accounts Payable, Trade, Current | $02025-12-31 | $900万 | -100.0% | $0 | $900万 | -100.0% |
| Accounts Receivable, Allowance for Credit Loss | $02025-12-31 | $0 | – | $0 | $0 | – |
| Accounts Receivable, Allowance for Credit Loss, Writeoff | – | – | – | $0 | $0 | – |
| Accrued Liabilities and Other Liabilities | $02025-12-31 | $900万 | -100.0% | $0 | $900万 | -100.0% |
| Accrued Liabilities, Current | $2000万2025-12-31 | $3000万 | -33.3% | $2000万 | $3000万 | -33.3% |
| Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment | $8500万 | $8300万 | +2.4% | $9000万 | $7500万 | +20.0% |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | -$100万 | $0 | – | $0 | $0 | – |
| Additional Paid in Capital | $62.8亿 | $44.7亿 | +40.6% | $60.4亿 | $44.4亿 | +36.1% |
| Adjustments to Additional Paid in Capital, Warrant Issued | – | – | – | $0 | – | – |
| Advertising Expense | – | – | – | $4700万 | $8600万 | -45.3% |
| Amortization of Intangible Assets | $0 | $0 | – | $400万2024-12-31 | $700万 | -42.9% |
| Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 2.62亿 | 5650万 | +362.8% | 2.64亿 | 5470万 | +382.8% |
| APIC, Share-based Payment Arrangement, Increase for Cost Recognition | $1.23亿 | $1400万 | +778.6% | $1.63亿 | $1.29亿 | +26.4% |
| Assets | $29.6亿 | $29.1亿 | +1.9% | $24.1亿 | $31.3亿 | -23.0% |
| Assets, Current | $28.5亿 | $28亿 | +1.9% | $23亿 | $30亿 | -23.3% |
| Assets, Fair Value Disclosure | $100万2026-03-31 | – | – | – | – | – |
| Business Exit Costs | $02025-12-31 | – | – | $400万 | – | – |
| Cash and Cash Equivalents, at Carrying Value | $8.96亿 | $7.89亿 | +13.6% | $9.62亿 | $6.71亿 | +43.4% |
| Cash Divested from Deconsolidation | $02025-12-31 | $0 | – | $0 | $200万 | -100.0% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $9.62亿 | $11.9亿 | -18.8% | $13亿 | $7.63亿 | +70.5% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | -$1.05亿 | $4.92亿 | -121.3% | $5.38亿 | -$7.77亿 | +169.2% |
| Class of Warrant or Right, Number of Securities Called by Each Warrant or Right | 12025-11-21 | – | – | 12025-11-21 | – | – |
| Common Stock, Par or Stated Value Per Share | $0.00 | $0.00 | 0.0% | $0.00 | $0.00 | 0.0% |
| Common Stock, Shares Authorized | 30亿 | 30亿 | 0.0% | 30亿 | 30亿 | 0.0% |
| Common Stock, Shares, Issued | 9.69亿 | 7.34亿 | +32.0% | 9.57亿 | 7.2亿 | +33.0% |
| Common Stock, Shares, Outstanding | 9.69亿 | 7.34亿 | +32.0% | 9.57亿 | 7.2亿 | +33.0% |
| Common Stock, Value, Issued | $0 | $0 | – | $0 | $0 | – |
| Comprehensive Income (Loss), Net of Tax, Attributable to Parent | -$1.63亿 | -$2900万 | -462.1% | -$13亿 | -$3.91亿 | -232.5% |
| Convertible Debt, Current | $1.94亿 | – | – | $1.93亿 | $0 | – |
| Convertible Debt, Noncurrent | $02025-12-31 | $3.78亿 | -100.0% | $0 | $3.78亿 | -100.0% |
| Cost of Revenue | $7.97亿 | $14.4亿 | -44.6% | $40.2亿 | $47.2亿 | -14.8% |
| Current Federal Tax Expense (Benefit) | – | – | – | $0 | $0 | – |
| Current Federal, State and Local, Tax Expense (Benefit) | – | – | – | $0 | $100万 | -100.0% |
| Current Foreign Tax Expense (Benefit) | – | – | – | $0 | $0 | – |
| Current State and Local Tax Expense (Benefit) | – | – | – | $0 | $100万 | -100.0% |
| Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax | $02025-12-31 | $0 | – | $0 | $0 | – |
| Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax | $02025-12-31 | $0 | – | $0 | $0 | – |
| DebtInstrumentIssuedPrincipal | $02025-12-31 | $0 | – | $2.46亿 | $0 | – |
| Deconsolidation, Gain (Loss), Amount | $02025-12-31 | $0 | – | $0 | $1400万 | -100.0% |
| Deferred Federal Income Tax Expense (Benefit) | – | – | – | $0 | $0 | – |
| Deferred State and Local Income Tax Expense (Benefit) | – | – | – | $0 | $0 | – |
| Deferred Tax Assets, Gross | $8.72亿2025-12-31 | $8.59亿 | +1.5% | $8.72亿 | $8.59亿 | +1.5% |
| Deferred Tax Assets, Inventory | $1500万2025-12-31 | $2500万 | -40.0% | $1500万 | $2500万 | -40.0% |
| Deferred Tax Assets, Net | $02025-12-31 | $0 | – | $0 | $0 | – |
| Deferred Tax Assets, Net of Valuation Allowance | $400万2025-12-31 | $6400万 | -93.8% | $400万 | $6400万 | -93.8% |
| Deferred Tax Assets, Operating Loss Carryforwards | $7.43亿2025-12-31 | $6.33亿 | +17.4% | $7.43亿 | $6.33亿 | +17.4% |
| Deferred Tax Assets, Operating Loss Carryforwards, Domestic | $30亿2025-12-31 | $26亿 | +15.4% | $30亿 | $26亿 | +15.4% |
| Deferred Tax Assets, Operating Loss Carryforwards, State and Local | $24亿2025-12-31 | $20亿 | +20.0% | $24亿 | $20亿 | +20.0% |
| Deferred Tax Assets, Tax Credit Carryforwards | $4900万2025-12-31 | $4900万 | 0.0% | $4900万 | $4900万 | 0.0% |
| Deferred Tax Assets, Tax Deferred Expense, Reserves and Accruals | $1400万2025-12-31 | $1400万 | 0.0% | $1400万 | $1400万 | 0.0% |
| Deferred Tax Assets, Valuation Allowance | $8.68亿2025-12-31 | $7.95亿 | +9.2% | $8.68亿 | $7.95亿 | +9.2% |
| Deferred Tax Liabilities, Gross | $400万2025-12-31 | $6400万 | -93.8% | $400万 | $6400万 | -93.8% |
| Deferred Tax Liabilities, Leasing Arrangements | $200万2025-12-31 | $5700万 | -96.5% | $200万 | $5700万 | -96.5% |
| Deferred Tax Liabilities, Property, Plant and Equipment | $200万2025-12-31 | $700万 | -71.4% | $200万 | $700万 | -71.4% |
| Depreciation, Amortization and Accretion, Net | $800万 | $1200万 | -33.3% | $4400万 | $4800万 | -8.3% |
| Depreciation, Depletion and Amortization | $500万 | $800万 | -37.5% | $3100万 | $3300万 | -6.1% |
| Dividends | $02025-09-30 | $0 | – | $02023-12-31 | $0 | – |
| Dividends, Common Stock | $0 | $0 | – | $0 | $0 | – |
来源:SEC companyfacts(每份10-Q / 10-K的XBRL)。现金流量表的季度数据由10-Q标记的年初至今累计数推算。分部拆分带有维度标记,在分部章节中单独展示。
数据来源
报表、分部营收、指标和预期均根据公司文件标准化。分部利润及全部披露项目:SEC EDGAR(XBRL)。 已读取的文件: 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30, 10-Q 2024-06-30
数据截至 2026-11-02