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Travis Hoium

Motley Fool Analyst, Author of Asymmetric Investing

13 Aug, 23:26Latest

Opendoor's debt-funded buyback makes it a doubly leveraged business. It bought back stock with $650 million borrowed at a 0% coupon, money it must still repay if the shares keep falling. x.com

OPEN

10 Aug, 22:49

Opendoor's own preferred metrics show it costs too much to sell a home. Using the G&A-to-revenue measure @rabois proposed, G&A runs at 26% of revenue, or nearly $100,000 to sell a $377,000 home. Stock compensation is a real cost and should not be excluded. x.com x.com x.com

OPEN

Q-Cap

Financial Satire & Grift Detection

15 Oct

OPEN

Opendoor keeps losing money each quarter while cycling through CEOs. Its steep stock decline looks like capital markets disciplining a struggling business. x.com

Ian Bezek

Investor/Writer, Latin American Equities, Former Analyst at Kerrisdale

22 Oct

OPEN

Opendoor's record net loss undermines its investment case. Trailing net income has fallen to negative $1.521 billion, its worst level so far. x.com

VanquishTrader

Options Prop Trading Firm

22 Oct

OPEN

Opendoor's improving unit economics could create operating leverage when housing recovers. It could be one of 2026's most interesting speculative turnarounds. Q2 contribution profit rose 59% sequentially to $51 million, margin reached 4.8%, and profit per home sold rose about $5,000 to $22,000. It still has an adjusted EBITDA loss; mortgage rates, inventory and dilution threaten returns. The coming quarters must prove sustainable profits and shareholder value, not just volume. x.com

Pythia Cap

Equity Investing & Market Satire

14 Oct

OPEN

Opendoor's shrinking revenue and persistent operating losses undermine Keith Rabois's claim that its metrics are solid. Revenue fell from $15.6 billion in 2022 to $4.4 billion in 2025; the S&P Capital IQ screenshot shows broker estimates for negative EBIT through 2028 and $1.96 billion in total debt. x.com x.com

George Noble

Investment Writer, Former Fund Manager at Fidelity, Former Assistant to Peter Lynch

13 Oct

OPEN

Opendoor's valuation at more than twice book value still warrants a short. x.com

Donald Dean

Economist & Technical Analyst, Fibonacci/Gamma Trading

22 Oct

OPEN

Markets can front-run a rate turnaround, favoring an upward swing in Opendoor. Its transformation and a turn in rates are both bullish catalysts, while long-duration Treasuries look to be bottoming. Opendoor's stock is holding its support area. x.com

Dan

Small-Fund Manager

14 Oct

OPEN

Opendoor's losses would remain substantial even if revenue triples over the next few years. On that scenario, it would still lose $400 million a year against a $2 billion market cap. x.com

DarvasBoxAI

Momentum Trader, Darvas/TheStrat Systems, 30 Years’ Experience

25 Jul

OPEN

Opendoor will go nowhere until interest rates fall and home affordability improves. It has broken down from a Darvas box, while retail traders keep buying it because it is low-priced and was hyped toward $80 a share. x.com

Joel

Long-Term Growth Investor & Options Trader

10 Sep

OPEN

Opendoor has crashed enough and should fly once interest rates come down a lot. x.com

Options selling with Christian

Growth Investor, Options Selling, Creator of Stock Catalysts

4 Aug

OPEN

Opendoor is best avoided because it is too correlated with the mortgage market, which is doing horribly right now. x.com

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