Opendoor Technologies Inc.

OPENNASDAQReal Estate● Active

$4.36

$-0.07(-1.47%)

Market Cap$3.3B

P/E Ratio—

52W High$10.87

52W Low$0.508

Avg Volume37.7M

Open$4.52

Beta3.56

Overview

Opendoor Technologies Inc. (OPEN) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

OPEN · free cash flow · updated Jun 8, 2026

Core FCF metrics

OPEN · FCF · TTM · margin & CAGR

Free cash flow was $1.04B for FY2025 (fiscal year ending 2025-12-31), up 267.3% year-over-year The FCF margin was 23.7%. Five-year CAGR stands at +9.3%.

FY2025 Free Cash Flow$1.04B▲ +267.3% YoY

Trailing 12M (TTM)$1.07Btrailing 4 quarters sum

FCF Margin23.7%$1.04B ÷ revenue

3-Year CAGR+14.4%FY2022 → FY2025

5-Year CAGR+9.3%FY2020 → FY2025

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

OPEN · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$1.05B(12M)$1.04B▲ +267.3%23.7%

FY2024−$595.0M(25M)−$620.0M▼ 126.9%-12.0%

FY2023$2.34B(37M)$2.31B▲ +232.9%33.2%

FY2022$730.0M(37M)$693.0M▲ +111.9%4.5%

FY2021−$5.79B(33M)−$5.83B▼ 976.2%-72.7%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

OPEN · P/FCF · FCF yield · FCF per share

Opendoor Technologies Inc. (OPEN) trades at a FCF yield of 31.69% and a price-to-free-cash-flow ratio of 3.1x. FCF per share stands at $1.40, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

31.69%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$1.40

TTM FCF ÷ Shares Outstanding

Price / FCF

x3.1

Share Price ÷ FCF per Share

EV / FCF (TTM)

x2.4

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

OPEN · cash flow statement · operating / investing / financing

For FY2025, Opendoor Technologies Inc. generated $1.05B in operating cash flow and spent 12M in capital expenditures, yielding $1.04B in free cash flow.

Operating Activities

+$1.05B

Cash from core business operations

2025-12-31

Investing Activities

−$12.0M

CapEx, acquisitions & investments

2025-12-31

Financing Activities

−$499.0M

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($1.05B) − |CapEx| (12M) = FCF ($1.04B)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Real Estate)

OPEN vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Opendoor Technologies Inc.YOU

OPEN

$1.04B+267.3%23.7%

21%

American Tower Corporation

AMT

$3.78B+2.2%35.5%

76%

Simon Property Group, Inc.

Real Estate · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Opendoor Technologies Inc. (OPEN) reported free cash flow of $1.04B for FY2025 (fiscal year ending 2025-12-31), up 267.3% year-over-year. The FCF margin was 23.7%.

Based on available data, Opendoor Technologies Inc. has maintained positive free cash flow for at least 4 fiscal year(s). FCF peaked at $2.31B in FY2023. The 5-year CAGR stands at +9.3%.

Opendoor Technologies Inc.'s FCF yield is 31.69% and price-to-FCF ratio is 3.1x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

OPEN free cash flow · 8 questions

Opendoor Technologies Inc. free cash flow was $1.04B for FY2025, up 267.3% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $1.07B.

OPEN free cash flowOPEN FCFOPEN FCF 2025OPEN free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Opendoor Technologies Inc. · Opendoor Technologies Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026