Opendoor Technologies Inc. (OPENZ) company profile
Close on Oct 30, 2026Market cap $1.75BP/E –Yield –
About Opendoor Technologies
Real Estate Agents & Managers (For Others), SIC 6531
Opendoor Technologies Inc. operates an online real estate platform that enables consumers to buy and sell residential properties directly through a digital process. Acting as a principal in its transactions, the company primarily purchases homes from sellers, completes necessary repairs or improvements, and resells the properties to home buyers. Its core offerings include direct cash purchase programs, such as Cash Offer and Cash Plus Offer, along with integrated title insurance and escrow settlement services provided through its operating subsidiaries.
The company operates nationwide across the contiguous United States, with the capacity to extend purchase offers across substantially all residential postal codes. Its business operations are supported by a network of over 450 local trade partners and service providers who conduct property inspections, maintenance, and renovations. As of year-end 2025, the organization employed 1,042 people, including 858 located within the United States. The company's headquarters is not stated in the provided text.
Summary of the business section of Opendoor Technologies's latest annual report, written by StockData.
Company profile
Company
- Legal name
- Opendoor Technologies Inc.
- Founded
- 2014
- Headquarters
- Tempe, AZ
- Address
- 1295 West Washington Street, Suite 115
- Phone
- (480) 618-6760
- Website
- opendoor.com
- Employees
- 1,042, Dec 31, 2025
- Industry
- Real Estate Agents & Managers (For Others)
- Fiscal year ends
- December 31
- Auditor
- Deloitte & Touche LLP, San Francisco, California
Stock & identifiers
- Ticker
- OPENZ
- Other tickers
- OPEN, OPENL, OPENW
- Exchange
- Nasdaq
- IPO date
- Apr 29, 2020
- Shares outstanding
- 971M, Jul 28, 2026
- Public float
- $339.87M, Jun 30, 2025
- Filer category
- Accelerated filer
- Stock splits
- 28-for-3, Mar 4, 2021
- SEC CIK
- 1801169
- CUSIP
- 683712145
- ISIN
- US6837121457
- FIGI
- BBG01YKH1PQ9
- LEI
- 254900KX11YZ4HV5BQ47
- EIN
- 30-1318214
Executives and directors
Officers and directors who filed ownership reports (Forms 3, 4, 5) in the last two years
| Name | Position | Shares owned |
|---|---|---|
| Kasra Nejatian | Chief Executive Officer, Director | 83,605,924 |
| Christina Schwartz | Chief Financial Officer | 3,787,282 |
| Giang Nguyen | Chief Operating Officer | 8,185,543 |
| Sydney Schaub | Chief Legal Officer | 1,329,422 |
| Lucas Matheson | President | 1,708,306 |
| Shrisha Radhakrishna | President | 4,278,400 |
| Carrie Wheeler | Chief Executive Officer | 14,365,711 |
| Selim Freiha | Chief Financial Officer | 3,875,000 |
| David C. Benson | Director | 180,099 |
| Keith Rabois | Director | 671,755 |
| Eric Feder | Director | 264,495 |
| Adam Bain | Director | 3,277,306 |
| Eric Chung-Wei Wu | Director | 11,992,303 |
| Dana Hamilton | Director | 346,844 |
| Pueo Keffer | Director | 815,316 |
| Glenn Solomon | Director | 1,080,983 |
| Cipora Herman | Director | 454,382 |
CEO pay and shareholder return
Pay versus performance table from the proxy statement
| Fiscal year | CEO total pay | CEO pay actually paid | Other executives (avg) | Value of $100 invested | Peer group |
|---|---|---|---|---|---|
| FY2025 Carrie Wheeler | $4.91M | $4.07M | $17.46M | $19 | $125 |
| FY2025 Kaz Nejatian | $741.14M | $428.48M | $17.46M | $19 | $125 |
| FY2024 | $750.50K | -$30.82M | $5.14M | $5 | $117 |
| FY2023 | $17.57M | $67.09M | $838.01K | $14 | $104 |
| FY2022 Carrie Wheeler | $383.33K | -$33.76M | $2.21M | $4 | $77 |
| FY2022 Eric Wu | $325.00K | -$191.67M | $2.21M | $4 | $77 |
“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.
Executive compensation, fiscal 2025
Summary compensation table from the latest proxy statement
| Executive | Salary | Bonus | Stock awards | Other | Total | vs. prior year |
|---|---|---|---|---|---|---|
| Kaz Nejatian Chief Executive Officer | – | – | $741.14M | – | $741.14M | – |
| Christina Schwartz Chief Financial Officer | $577.78K | – | $20.79M | $263.30K | $21.63M | +1061% |
| Lucas Matheson President | $13.02K | – | $9.34M | – | $9.36M | – |
| Giang LeGrice Chief Operating Officer | $140.83K | $1.00M | $52.07M | – | $53.21M | – |
| Shrisha Radhakrishna Chief Technology & Product Officer and Former President and Interim Principal Executive Officer | $575.56K | $1.00M | $380.14K | $600 | $1.96M | – |
| Carrie Wheeler Former Chief Executive Officer | $468.75K | – | $4.16M | $287.09K | $4.92M | +555% |
| Selim Freiha Former Chief Financial Officer | $374.31K | $525.00K | $380.14K | $394.30K | $1.67M | -75% |
| Sydney Schaub Former Chief Legal Officer | $399.17K | $100.00K | $863.22K | $450 | $1.36M | -27% |
Stock and option awards are grant-date fair values, not realized pay. “Other” includes pension value changes and all other compensation. Source proxy statement.
IPO
From the final prospectus (Form 424B4) and the first day of trading
SPAC offering
- Type
- SPAC (blank check) IPO of units
- Final prospectus filed
- Apr 29, 2020
- Offer price
- $10.00
- Securities offered
- 36,000,000
- Gross proceeds
- $360.00M
- Exchange
- NYSE
- First trading day
- Jun 18, 2020
- First-day close
- $10.80+8.0%
- Lock-up ends (est.)
- Dec 15, 2020
“Each unit has an offering price of $10.00 and consists of one Class A ordinary share and one-third of one redeemable warrant.”
Lock-up end is estimated as 180 days after the first trading day; the prospectus sets the actual terms.
Employees
Headcount reported in annual reports
“As of December 31, 2025, we employed 1,042 individuals, including 858 in the United States.”
Corporate history
Events identified from SEC filings