ADAM
Adamas Trust, Inc.
There isn't enough reported data to score ADAM yet.
OPEN
Opendoor Technologies Inc.
There isn't enough reported data to score OPEN yet.
ADAM Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Under pressure | |
| N/A | |
| N/A |
ADAM's revenue is currently healthy, but its profitability is under pressure. Free cash flow and net leverage aren't meaningful measures for real estate companies like ADAM.
OPEN Fundamentals
| Metric | Status |
|---|---|
| Under pressure | |
| Weak | |
| N/A | |
| N/A |
OPEN's revenue and profitability are currently under pressure. Free cash flow and net leverage aren't meaningful measures for real estate companies like OPEN.
ADAM PE Valuation
ADAM has no meaningful PE right now: it lost money over the past year.
OPEN PE Valuation
OPEN has no meaningful PE right now: it lost money over the past year.
ADAM Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| Moderate |
ADAM has the edge over OPEN on the outlook, with more favorable earnings expectations.
OPEN Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses growing | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Low |
Analysts expect OPEN's losses to grow, with revenue growing. However, they disagree widely on these estimates.
ADAM Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $1.02 | — |
| Q3 2026 | -$0.57 | -400% |
| Q2 2026 | $1.68 | +784% |
| Q1 2026 | $1.17 | +$1.23 |
| Q4 2025 | $1.10 | +$2.24 |
| Q3 2025 | $0.19 | +$0.52 |
| Q2 2025 | $0.19 | +$1.92 |
| Q1 2025 | -$0.06 | +$1.79 |
| Q4 2024 | -$1.14 | -$0.15 |
ADAM has the edge over OPEN on earnings, with more consistent year-over-year improvement.
OPEN Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$2.00 | -$1.56 |
| Q2 2026 | -$1.89 | -$1.46 |
| Q1 2026 | -$1.76 | -$1.24 |
| Q4 2025 | -$1.70 | -$1.14 |
| Q3 2025 | -$0.44 | +$0.09 |
| Q2 2025 | -$0.43 | +$0.15 |
| Q1 2025 | -$0.52 | -$0.10 |
| Q4 2024 | -$0.56 | -$0.14 |
OPEN lost $2.00 per share over the past year, and its loss has widened in each of the last five quarters.
ADAM Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $48.8M | +33% |
| Q2 2026 | $50.2M | +38% |
| Q1 2026 | $48.4M | +46% |
| Q4 2025 | $43.2M | +62% |
| Q3 2025 | $36.6M | +81% |
| Q2 2025 | $36.4M | +91% |
| Q1 2025 | $33.1M | +85% |
| Q4 2024 | $26.7M | +59% |
ADAM has the edge over OPEN on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -332% | -440 points |
| Q2 2026 | 106% | +94 points |
| Q1 2026 | 179% | +65 points |
| Q4 2025 | 130% | +250 points |
| Q3 2025 | 108% | -104 points |
| Q2 2025 | 12% | +136 points |
| Q1 2025 | 114% | +563 points |
| Q4 2024 | -119% | -315 points |
ADAM's operating margin was −332% last quarter, down 440 points from the same quarter a year ago.
OPEN Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $1B | +12% |
| Q2 2026 | $883M | -44% |
| Q1 2026 | $720M | -38% |
| Q4 2025 | $736M | -32% |
| Q3 2025 | $915M | -34% |
| Q2 2025 | $1.6B | +3.7% |
| Q1 2025 | $1.2B | -2.4% |
| Q4 2024 | $1.1B | +25% |
OPEN's revenue is recovering but still below its 2022 peak: $1B last quarter, up 12% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -18% | -11 points |
| Q2 2026 | -16% | -16 points |
| Q1 2026 | -22% | -17 points |
| Q4 2025 | -20% | -12 points |
| Q3 2025 | -7.4% | -2.6 points |
| Q2 2025 | -0.8% | +3.9 points |
| Q1 2025 | -4.9% | +2.5 points |
| Q4 2024 | -8.7% | +4.6 points |
OPEN has the edge over ADAM on profitability, with a higher operating margin.
ADAM Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$37.1M | -635% |
| Q2 2026 | $105.9M | +170% |
| Q1 2026 | -$16.7M | -165% |
| Q3 2025 | $6.9M | +$15.5M |
| Q2 2025 | $39.2M | +$47.8M |
| Q1 2025 | $25.8M | +$44.9M |
| Q4 2024 | $25.7M | +244% |
| Q3 2024 | -$8.6M | -152% |
ADAM has the stronger cash trend. Its trailing FCF is up 205% versus its history, compared with OPEN at down 386%.
OPEN Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$836M | -294% |
| Q2 2026 | -$723M | -188% |
| Q1 2026 | -$250M | +$33M |
| Q4 2025 | $67M | +$150M |
| Q3 2025 | $432M | +671% |
| Q2 2025 | $821M | +$1.2B |
| Q1 2025 | -$283M | -$97M |
| Q4 2024 | -$83M | +$468M |
OPEN's free cash flow was −$1.7B over the past year, against $887M the year before. Free cash flow isn't a meaningful measure for real estate companies like OPEN.
ADAM Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -2.2% | -2.1M shares |
| 1 year | -1.5% | -1.3M shares |
| 3 years | -0.8% | -709K shares |
| 5 years | -5.2% | -5M shares |
| Available history | +22% | +16.2M shares |
ADAM has the edge over OPEN on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | — |
| Q1 2026 | $5M |
| Q4 2025 | — |
| Q3 2025 | — |
| Q4 2024 | — |
| Q3 2024 | — |
| Q2 2024 | $3.5M |
ADAM spent $5M buying back its own shares over the past year.
OPEN Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1.7% | -16.3M shares |
| 1 year | +30% | +220M shares |
| 3 years | +42% | +282M shares |
| 5 years | +61% | +361M shares |
| Available history | +1042% | +866M shares |
OPEN has 949M diluted shares, up 30% from a year ago.
| Quarter | Spent |
|---|---|
| Q4 2019 | — |
ADAM Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 9.4x | High |
| Q2 2026 | 1.8x | Healthy |
| Q1 2026 | 2.2x | Moderate |
| Q4 2025 | 3.3x | Elevated |
| Q3 2025 | 7.8x | High |
| Q2 2025 | 6.2x | High |
| Q1 2025 | 8.2x | High |
| Q3 2024 | 46.1x | High |
ADAM's net debt is about 9.4 years of its operating earnings (EBITDA), up from 7.8 years a year ago. Net leverage isn't a meaningful measure for real estate companies like ADAM.
OPEN Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2022 | 337.2x | High |
OPEN's net debt is more than 20 years of its operating earnings (EBITDA). Net leverage isn't a meaningful measure for real estate companies like OPEN.
ADAM Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 22.2 | Oversold |
| Stochastic | 0.6 | Oversold |
ADAM's weekly RSI is 22 (oversold) and its Stochastic is 1 (oversold).
OPEN Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 20.6 | Oversold |
| Stochastic | 1.2 | Oversold |
OPEN's weekly RSI is 21 (oversold) and its Stochastic is 1 (oversold).
ADAM PE vs Real Estate Sector
| Metric | ADAM | Sector median | Relative |
|---|---|---|---|
| PE | 4.7x | 24x | 81% below |
| PE % | 7 | 23 | 16 pts below |
ADAM has no meaningful PE right now: it lost money over the past year.
OPEN PE vs Real Estate Sector
OPEN has no meaningful PE right now: it lost money over the past year.
ADAM Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $7.06 | 26% below |
| 20 week MA | $8.45 | 38% below |
| 50 week MA | $8.28 | 37% below |
| 100 week MA | $7.45 | 30% below |
| 200 week MA | $7.77 | 33% below |
ADAM is in a downtrend: it's below all five of its weekly moving averages, and 33% below its 200-week average.
OPEN Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $1.97 | 37% below |
| 20 week MA | $3.00 | 59% below |
| 50 week MA | $4.37 | 72% below |
| 100 week MA | $3.74 | 67% below |
| 200 week MA | $3.13 | 60% below |
OPEN is in a downtrend: it's below all five of its weekly moving averages, and 60% below its 200-week average.
ADAM Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $25.0 | $14.6 | -42% |
| 2021 | $14.6 | $15.2 | +4.4% |
| 2022 | $15.2 | $10.9 | -29% |
| 2023 | $10.9 | $8.53 | -22% |
| 2024 | $8.53 | $5.79 | -32% |
| 2025 | $5.79 | $7.29 | +26% |
| 2026 YTD | $7.29 | $5.20 | -29% |
ADAM has the edge over OPEN on returns for 2026, with the stronger performance.
OPEN Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $10.9 | $27.4 | +150% |
| 2021 | $27.4 | $14.9 | -46% |
| 2022 | $14.9 | $1.02 | -93% |
| 2023 | $1.02 | $4.48 | +339% |
| 2024 | $4.48 | $1.67 | -63% |
| 2025 | $1.67 | $6.01 | +260% |
| 2026 YTD | $6.01 | $1.24 | -79% |
OPEN's yearly returns have swung widely, from +339% in 2023 to −93% in 2022. It's down 79% so far in 2026.