- CEO
- Kasra Nejatian
- Full Time Employees
- 1,042
- Sector
- Real Estate
- Industry
- Real Estate - Development
- Address
- 1295 West Washington Street Tempe AZ United States of America 85288
- IPO Date
- Dec 23, 2025
- Business
- Opendoor Technologies Inc. operates an e-commerce platform for U.S. residential real estate transactions. The Company enables homeowners to sell, buy and finance homes through a digital, direct-to-consumer and partner-supported platform. Its principal offerings include cash offers for eligible homes, allowing sellers to select closing dates and avoid traditional listing, staging and showing processes; Cash Now, More Later, which combines an upfront cash payment with the opportunity to participate in proceeds from a subsequent market sale, net of fees; Cash Plus, which provides sellers with an Opendoor cash-offer alternative and an agent-assisted listing option; home acquisition, renovation, pricing, marketing and resale services; homebuyer services, including online home search, property tours, offer support and transaction coordination; Buyer Peace of Mind benefits, including early move-in and home-warranty-related protections; AI-enabled homeowner valuation and multilingual customer-support tools; agent-partner services, including lead-generation and workflow tools; and mortgage products through Opendoor Home Loans, including fixed-rate and adjustable-rate mortgages. The Company serves home sellers, homebuyers, real estate agents and lending customers in markets across the United States. Founded in 2014, Opendoor Technologies Inc. is headquartered in Tempe, Arizona. In 2025 and 2026, the Company has repositioned its operating model toward an AI-driven, direct-to-consumer and more capital-efficient real estate platform, expanded Cash Plus as a material component of weekly transaction volume, introduced additional AI-powered products and features, and pursued faster inventory turnover and increased acquisition activity. Recent developments include the September 2025 appointment of Kaz Nejatian as chief executive officer, the return of co-founders Keith Rabois as chairman and Eric Wu as a director, a $40 million private-placement equity investment from Khosla Ventures and Eric Wu, the launch of a partnership with Rome to connect sellers with assumable-mortgage capabilities, the September 2026 commercial rollout of Opendoor Home Loans following its beta phase, and an August 2026 transaction comprising the Company’s first share repurchase program and $440 million of zero-coupon growth capital.