Opendoor Technologies Inc.
NASDAQ Global SelectCapital Structure
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in mil. unless spec.Company Description
- CEO
- Kasra Nejatian
- Full Time Employees
- 1,042
- Sector
- Real Estate
- Industry
- Real Estate - Services
- Address
- 1295 West Washington Street Tempe AZ United States of America 85288
- IPO Date
- Jun 18, 2020
- CIK
- 0001801169
- Website
- opendoor.com
- Similar Companies
- Business
- Opendoor Technologies Inc. operates a digital platform for residential real estate transactions in the United States, specializing in buying, selling, and trading homes through its technology-driven marketplace. The company offers core products and services including "Sell to Opendoor," which enables homeowners to sell their homes directly to Opendoor; "List with Opendoor," allowing sellers to list homes on the MLS with Opendoor support; and the "Opendoor Marketplace," a platform connecting sellers with institutional and retail buyers. Opendoor also provides integrated real estate brokerage services, title insurance and settlement services, escrow services, property and casualty insurance, real estate licensing, and home construction and repair services. The company leverages software, data science, AI-powered home assessments, and streamlined operational tools to facilitate a seamless on-demand experience for buyers, sellers, and real estate agents. Founded in 2014 and headquartered in Tempe, Arizona, Opendoor operates in nearly all U.S. markets, following rapid expansion from its original base in San Francisco. Recent major developments include the launch of "Cash Plus" in 2025, which combines Opendoor's cash offer product with the ability for sellers to list their home with trusted agent partners, expanding sellers' flexibility and control by unlocking home equity upfront while marketing the property. The company expanded its agent partnerships and enhanced its product suite for home sellers, aiming to cover the entire continental U.S. in product availability. In 2024, Opendoor increased home acquisitions by 31% year-over-year to nearly 14,700 homes and improved its contribution margin to 4.7%, reflecting strategic cost optimization and operational efficiency. Opendoor also focuses on monetizing leads via agent partnerships, creating capital-light revenue streams, and continues to innovate with AI-driven pricing and home assessment tools. These steps follow Opendoor’s strategic evolution from a pure iBuyer model to a comprehensive real estate service provider, positioning itself as a technology platform that digitizes and simplifies all aspects of residential real estate transactions and home ownership services. This transformation aims to drive growth while maintaining a commitment to customer choice, certainty, and convenience in the U.S. real estate market. The company was formerly named Social Capital Hedosophia Holdings Corp. II and changed its name to Opendoor Technologies Inc. Opendoor is publicly traded on NASDAQ under the ticker symbol OPEN.
Company News
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