Opendoor Market Leadership and Valuation slide image

Opendoor Market Leadership and Valuation

Projecting continued strong growth and path to profitability Revenue ($B) CAGR +58% $2.5 $3.5 $6.2 $9.8 2020P 2021P 2022P 2023P Contribution Margin ($M) CAGR +95% $142 $72 4.1% $539 $290 5.5% 4.7% Adjusted EBITDA Margin (5.4%) (5.7%) (2.0%) 0.1% 3.0% 2020P 2021P 2022P 2023P 2020P 2021P 2022P 2023P Note: Contribution Margin and Adjusted EBITDA Margin are non-GAAP metrics, see reconciliation in Appendix 38
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