What is Opendoor Technologies Inc. worth?
With the base-case assumptions below, a discounted cash flow model on Opendoor Technologies Inc.'s reported free cash flow gives $36.62 per share. The share price was $2.57 on September 25, 2026, 93% below that value.
Inputs from the filings
Three sets of assumptions
| Case | Growth yrs 1-5 | Discount rate | Value per share | Value vs price |
|---|---|---|---|---|
| Bear | 6.0% | 10.0% | $22.82 | +788% |
| Base | 11.0% | 9.0% | $36.62 | +1,325% |
| Bull | 16.0% | 8.0% | $62.35 | +2,326% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $46.85 | $50.01 | $53.88 | $58.71 | $64.92 |
| 8.0% | $39.19 | $41.24 | $43.66 | $46.57 | $50.12 |
| 9.0% | $33.60 | $35.00 | $36.62 | $38.51 | $40.74 |
| 10.0% | $29.36 | $30.36 | $31.49 | $32.78 | $34.27 |
| 11.0% | $26.03 | $26.76 | $27.58 | $28.50 | $29.54 |
Where the presets come from
Base: years 1 to 5 grow at Opendoor Technologies Inc.'s revenue growth rate over the last 5 fiscal years (11.1% a year), held between -5% and 15%. Years 6 to 10 grow halfway between that and the long-run rate of 2.5%. Future cash is discounted at 9% a year.
Bear: 5 points less growth, 2% long-run growth, 10% discount rate. Bull: 5 points more growth (at most 25%), 3% long-run growth, 8% discount rate.
Value per share = (present value of 10 years of free cash flow + present value of everything after + cash - debt) / diluted shares.
This is a model run on assumptions, not a recommendation or a price target. Small changes in the discount rate or growth move the result a lot, as the table above shows. Change them yourself in the calculator.
Adjust the assumptions
Move the sliders for growth, long-run growth and discount rate, or switch to average free cash flow, and see the value per share change.
Adjust the assumptions