Opendoor SPAC Presentation Deck
Summary financials
Homes Sold
% YoY Growth
Total Revenue ($B)
% YoY owth
Adjusted Gross Profit ($M)
% Margin
Contribution Profit ($M)
% Margin
% YoY Growth
Contribution Margin After Interest ($M)
% Margin
% YoY Growth
Adjusted EBITDA ($M)
% Margin
2017
3,127
113%
$0.7
109%
$66
9.3%
$31
4.4%
$24
3.4%
($57)
(8.0%)
2018
7,470
139%
$1.8
159%
$146
7.9%
$65
3.5%
107%
$43
2.4%
82%
($131)
(7.1%)
2019
18,799
152%
$4.7
158%
$297
6.3%
$92
1.9%
42%
$27
0.6%
(36)%
($218)
(4.6%)
2020P
9,750
(48%)
$2.5
(47%)
$190
7.6%
$90
3.6%
(2%)
$60
2.4%
118%
($120)
(4.8%)
Note: Adjusted Gross Profit, Contribution Margin, Contribution Margin After Interest and Adjusted EBITDA are non-GAAP metrics, see reconciliation in Appendix for historical numbers
2021P
13,458
38%
$3.5
38%
$269
7.8%
$142
4.1%
58%
$116
3.3%
93%
($185)
(5.4%)
2022P
24,030
79%
$6.2
79%
$521
8.4%
$290
4.7%
104%
$239
3.9%
106%
($123)
(2.0%)
2023P
37,689
57%
$9.8
58%
$892
9.1%
$539
5.5%
86%
$458
4.7%
92%
$9
0.1%
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