Opendoor Technologies (OPEN) Invested Capital (2019 - 2026)
Opendoor Technologies' Invested Capital was $2.68 billion in Q2 2026, up 12.9% from $2.37 billion a year earlier and up 20.7% from the prior quarter.
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Analysis
Opendoor Technologies (OPEN) Invested Capital (2019 - 2026) Analysis & Trends
For FY2025, Invested Capital at Opendoor Technologies came in at $2.27 billion, down 14.1% from FY2024.
- Invested Capital has now declined for four consecutive years, though with a five-year compound annual growth rate of 2.2% (FY2020 to FY2025).
- In earlier years, Invested Capital was $2.64 billion in FY2024 (-15.0%), $3.1 billion in FY2023 (-43.4%), $5.48 billion in FY2022 (-34.3%) and $8.35 billion in FY2021 (+311.7%).
- The Q2 2026 figure marks the highest quarterly Invested Capital since Q1 2025.
- Compared with a year earlier, Invested Capital was higher in 1 of the last eight quarters, with an average decline of 12.1%.
- The best year-over-year quarter for Invested Capital over five years was Q4 2021 (growth of 311.7%); the worst was Q3 2023 (a decline of 60.9%).
- Per Business Quant data, OPEN's Invested Capital in the three quarters before Q2 2026 was $2.22 billion (Q1 2026), $2.27 billion (Q4 2025) and $2.22 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Texas Pacific Land | 22.83 Bn | 21.66 Bn | - | 1.67 Bn |
| 2 | St Joe | 3.99 Bn | 3.48 Bn | 73.42 Mn | - |
| 3 | Millrose Properties | 3.96 Bn | 3.60 Bn | - | 8.33 Bn |
| 4 | Opendoor Technologies | 1.93 Bn | -1.89 Bn | 86.00 Mn | 2.87 Bn |
| 5 | Forestar | 1.33 Bn | -15.03 Mn | 84.10 Mn | 2.65 Bn |
| 6 | Five Point Holdings | 671.50 Mn | -786.12 Mn | -23.72 Mn | 2.78 Bn |
| 7 | Tejon Ranch | 444.90 Mn | 364.52 Mn | - | 588.86 Mn |
| 8 | Nam Tai Property | 260.36 Mn | 78.98 Mn | - | 352.09 Mn |
| 9 | Global Asset Management | 184.86 Mn | 182.55 Mn | 236,261.00 | 10.92 Mn |
| 10 | Star Holdings | 91.57 Mn | -80.29 Mn | 5.31 Mn | 491.82 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 2.87 Bn |
| Mar 31, 2026 | 2.29 Bn |
| Dec 31, 2025 | 2.32 Bn |
| Sep 30, 2025 | 2.59 Bn |
| Jun 30, 2025 | 2.37 Bn |
| Mar 31, 2025 | 2.78 Bn |
| Dec 31, 2024 | 2.64 Bn |
| Sep 30, 2024 | 2.94 Bn |
| Jun 30, 2024 | 2.90 Bn |
| Mar 31, 2024 | 2.94 Bn |
| Dec 31, 2023 | 3.10 Bn |
| Sep 30, 2023 | 3.35 Bn |
| Jun 30, 2023 | 3.63 Bn |
| Mar 31, 2023 | 4.22 Bn |
| Dec 31, 2022 | 5.48 Bn |
| Sep 30, 2022 | 8.56 Bn |
| Jun 30, 2022 | 8.91 Bn |
| Mar 31, 2022 | 7.13 Bn |
| Dec 31, 2021 | 8.36 Bn |
| Sep 30, 2021 | 7.80 Bn |
API Access
Opendoor Technologies Invested Capital API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=invested-capital&ticker=OPEN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "invested-capital", "ticker": "OPEN", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=invested-capital&ticker=OPEN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();