OPEN
Opendoor Technologies Inc.
There isn't enough reported data to score OPEN yet.
TRTX
TPG RE Finance Trust, Inc.
There isn't enough reported data to score TRTX yet.
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.
TRTX Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| N/A | |
| N/A |
TRTX's profitability is currently healthy, and its revenue is stable. Free cash flow and net leverage aren't meaningful measures for real estate companies like TRTX.
OPEN PE Valuation
OPEN has no meaningful PE right now: it lost money over the past year.
TRTX PE Valuation
TRTX has no meaningful PE right now: it lost money over the past year.
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.
TRTX Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Growth | |
| Stable | |
| Strongly improving | |
| Limited | |
| High |
Analysts expect TRTX's earnings to grow and its profitability to improve, with its revenue holding steady.
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 |
TRTX has the stronger earnings trend. Trailing diluted EPS is down 555% for OPEN versus TRTX down 5.8%.
TRTX Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $1.09 | +67% |
| Q3 2025 | $0.65 | -5.8% |
| Q2 2025 | $0.65 | +$1.02 |
| Q1 2025 | $0.70 | +$2.27 |
| Q4 2024 | $0.75 | +$2.44 |
| Q3 2024 | $0.69 | +$1.98 |
| Q2 2024 | -$0.37 | +$1.61 |
| Q1 2024 | -$1.57 | -$0.42 |
| Q4 2023 | -$1.69 | -$0.74 |
TRTX's earnings per share have fallen from their peak: $0.65 over the past year, against $1.73 in late 2019.
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.
TRTX Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $35.9M | -5.1% |
| Q2 2026 | $34M | -6.1% |
| Q1 2026 | $37.3M | +0.7% |
| Q4 2025 | $35M | +0.9% |
| Q3 2025 | $37.8M | -5.7% |
| Q2 2025 | $36.2M | -7.9% |
| Q1 2025 | $37M | -4.9% |
| Q4 2024 | $34.7M | +10% |
TRTX has the edge over OPEN on sales, with stronger typical year-over-year growth.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 26% | -32 points |
| Q2 2026 | 39% | -18 points |
| Q1 2026 | 51% | +14 points |
| Q4 2025 | 12% | -19 points |
| Q3 2025 | 58% | +3 points |
| Q2 2025 | 57% | -5.8 points |
| Q1 2025 | 37% | -6.8 points |
| Q4 2024 | 30% | +9.8 points |
TRTX 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.
TRTX Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $14.4M | -34% |
| Q2 2026 | $21.6M | -13% |
| Q1 2026 | $24.6M | +28% |
| Q4 2025 | $24.7M | -3.3% |
| Q3 2025 | $21.8M | -7.9% |
| Q2 2025 | $24.7M | -3.2% |
| Q1 2025 | $19.1M | -49% |
| Q4 2024 | $25.5M | +9.8% |
TRTX 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 949M diluted shares, up 30% from a year ago.
| Quarter | Spent |
|---|---|
| Q4 2019 | — |
TRTX Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -2% | -1.5M shares |
| 1 year | -2.9% | -2.3M shares |
| 3 years | -1.6% | -1.2M shares |
| 5 years | -6.8% | -5.5M shares |
| Available history | +5.2% | +3.7M shares |
TRTX has the edge over OPEN on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $9.5M |
| Q2 2026 | $10.9M |
| Q1 2026 | $4.2M |
| Q4 2025 | $387,000 |
| Q3 2025 | $9.3M |
| Q2 2025 | $12.9M |
| Q1 2025 | $2.8M |
| Q4 2024 | — |
TRTX spent $25M buying back its own shares over the past year, about the same as 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.
TRTX Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -1.3x | Net Cash |
| Q2 2026 | -1.0x | Net Cash |
| Q1 2026 | 44.9x | High |
| Q4 2025 | 47.2x | High |
| Q3 2025 | 38.2x | High |
| Q2 2025 | 38.5x | High |
| Q1 2025 | 31.6x | High |
| Q4 2024 | 29.5x | High |
TRTX has more cash than debt. Net leverage isn't a meaningful measure for real estate companies like TRTX.
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).
TRTX Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 36.3 | Neutral |
| Stochastic | 35.5 | Neutral |
TRTX's weekly RSI is 36 (neutral) and its Stochastic is 35 (neutral).
OPEN PE vs Real Estate Sector
OPEN has no meaningful PE right now: it lost money over the past year.
TRTX PE vs Real Estate Sector
| Metric | TRTX | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 24x | — |
TRTX has no meaningful PE right now: it lost money over the past year.
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.
TRTX Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $6.29 | 2.2% above |
| 20 week MA | $7.33 | 12% below |
| 50 week MA | $8.06 | 20% below |
| 100 week MA | $8.23 | 22% below |
| 200 week MA | $7.88 | 18% below |
TRTX has the edge over OPEN on trend strength, trading above more of its moving averages.
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.
TRTX Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $20.4 | $10.7 | -48% |
| 2021 | $10.7 | $12.7 | +19% |
| 2022 | $12.7 | $7.20 | -43% |
| 2023 | $7.20 | $6.50 | -9.7% |
| 2024 | $6.50 | $8.40 | +29% |
| 2025 | $8.40 | $8.79 | +4.6% |
| 2026 YTD | $8.79 | $6.43 | -27% |
TRTX has the edge over OPEN on returns for 2026, with the stronger performance.