OPEN
Opendoor Technologies Inc.
There isn't enough reported data to score OPEN yet.
ORC
Orchid Island Capital, Inc.
ORC's fundamentals are strong, but it looks expensive: trading at 19x earnings, above its usual 14x. Analysts expect earnings to decline, though they disagree widely on how much.
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.
ORC Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| N/A | |
| N/A |
ORC's revenue and profitability are currently healthy. Free cash flow and net leverage aren't meaningful measures for real estate companies like ORC.
OPEN PE Valuation
OPEN has no meaningful PE right now: it lost money over the past year.
ORC PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 4.6x | $4.67 | — |
| Cheap | 5.4x | $1.36 | -71% |
| Fair | 14x | $3.53 | -24% |
| Current | 19x | $4.67 | — |
| Expensive | 41x | $10.36 | +122% |
Historical ranges are pointers, not guarantees.
ORC's PE is in its fair range at 19x. On analysts' estimates for next year's earnings, today's price would be 4.6x, in its cheap range.
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.
ORC Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Decline | |
| Strong growth | |
| -- | |
| Limited | |
| Low |
Analysts expect ORC's revenue to grow, but its earnings to decline. However, they disagree widely on these estimates.
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.
ORC Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $1.01 | +304% |
| Q3 2026 | $0.25 | -46% |
| Q2 2026 | $1.68 | +888% |
| Q1 2026 | $0.95 | +157% |
| Q4 2025 | $1.24 | +118% |
| Q3 2025 | $0.46 | -60% |
| Q2 2025 | $0.17 | +$0.95 |
| Q1 2025 | $0.37 | +$0.81 |
| Q4 2024 | $0.57 | +$1.30 |
ORC has the edge over OPEN on earnings quality, reporting a profit while its opponent remains loss making.
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's operating margin was −18% last quarter, down 11 points from the same quarter a year ago.
ORC Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $59.1M | +120% |
| Q2 2026 | $60M | +159% |
| Q1 2026 | $57.1M | +189% |
| Q4 2025 | $38.5M | +373% |
| Q3 2025 | $26.9M | +7817% |
| Q4 2022 | $2.4M | -94% |
| Q3 2022 | $14.2M | -56% |
| Q2 2022 | $27.1M | -2.2% |
ORC has the edge over OPEN on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 89% | +9.5 points |
| Q2 2026 | 89% | +10 points |
| Q1 2026 | 87% | +8.5 points |
| Q4 2025 | 85% | +38 points |
| Q3 2025 | 80% | +1235 points |
| Q2 2025 | 78% | N/A |
| Q1 2025 | 79% | N/A |
| Q4 2024 | 46% | N/A |
ORC has the edge over OPEN on profitability, with a higher operating margin.
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.
ORC Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $65.1M | +133% |
| Q2 2026 | $81.6M | +342% |
| Q1 2026 | $48.6M | +89% |
| Q4 2025 | $48.3M | +176% |
| Q3 2025 | $28M | +$42.8M |
| Q2 2025 | $18.4M | -4.4% |
| Q1 2025 | $25.8M | -43% |
| Q4 2024 | $17.5M | +$58.3M |
ORC has the edge over OPEN on cash generation, producing positive trailing cash flow while its opponent burns cash.
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 the edge over ORC on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q4 2019 | — |
ORC Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1.2% | -2.5M shares |
| 1 year | +73% | +84M shares |
| 3 years | +416% | +160M shares |
| 5 years | +1308% | +184M shares |
| Available history | +1472% | +186M shares |
ORC has 198M diluted shares, up 73% from a year ago, despite $39M in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | $31.2M |
| Q2 2026 | $7.4M |
| Q1 2026 | $659,000 |
| Q4 2025 | $16,000 |
| Q3 2025 | $16,000 |
| Q2 2025 | $7.3M |
| Q1 2025 | $69,000 |
| Q4 2024 | $15,000 |
ORC spent $39M buying back its own shares over the past year, about five times what it spent the year before.
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.
ORC Net Leverage
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).
ORC Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 20.9 | Oversold |
| Stochastic | 5.0 | Oversold |
ORC's weekly RSI is 21 (oversold) and its Stochastic is 5 (oversold).
OPEN PE vs Real Estate Sector
OPEN has no meaningful PE right now: it lost money over the past year.
ORC PE vs Real Estate Sector
| Metric | ORC | Sector median | Relative |
|---|---|---|---|
| PE | 19x | 24x | 22% below |
| PE % | 64 | 23 | 41 pts above |
ORC is trading at 19x earnings, a 22% discount to the Real Estate sector's median of 24x.
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.
ORC Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $5.04 | 7.3% below |
| 20 week MA | $5.97 | 22% below |
| 50 week MA | $6.72 | 31% below |
| 100 week MA | $7.07 | 34% below |
| 200 week MA | $8.03 | 42% below |
ORC is in a downtrend: it's below all five of its weekly moving averages, and 42% below its 200-week average.
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.
ORC Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $29.8 | $26.9 | -9.9% |
| 2021 | $26.9 | $23.3 | -13% |
| 2022 | $23.3 | $11.1 | -52% |
| 2023 | $11.1 | $8.43 | -24% |
| 2024 | $8.43 | $7.88 | -6.5% |
| 2025 | $7.88 | $7.32 | -7.1% |
| 2026 YTD | $7.32 | $4.67 | -36% |
ORC has the edge over OPEN on returns for 2026, with the stronger performance.