Opendoor Technologies Inc. (OPEN) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

Medium Risk
Moderate dilution risk
Last updated: May 07, 2026

Risk Assessment Details

Potential Dilution: 6.47% of current shares
Recent Dilution: 39.2% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
960M
Potential Supply
62M
Additional shares possible
Splits
None
Past 2 years

Summary

OPEN currently has 959M outstanding shares. with limited dilution risk as only 62.1M additional shares (6.5%) are authorized for issuance. The company has significantly diluted shareholders by 39.2% over the past 2 years, indicating aggressive capital raising.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 07, 2026

10-Q filing | 959.3M shares outstanding

960M 62M
Nov 07, 2025

8-K filing: Opendoor Technologies Inc. completed the issuance and sale of 180,580,200 shares of its common stock at a price of $6.56 per share.

730M 62M
Nov 06, 2025

8-K filing: The company announced a warrant dividend distribution to common stockholders and entered into a registered direct offering of common stock along with a concurrent convertible notes repurchase.

730M 62M
Nov 06, 2025

10-Q filing | 741.9M shares outstanding

740M 62M
Aug 05, 2025

10-Q filing | 729.5M shares outstanding

730M 62M
May 06, 2025

10-Q filing | 723.5M shares outstanding

720M 62M
Feb 27, 2025

10-K filing | 699.5M shares outstanding

700M 62M
Nov 07, 2024

10-Q filing | 705.4M shares outstanding

710M 62M
Aug 01, 2024

10-Q filing | 693.4M shares outstanding

690M 62M
May 02, 2024

10-Q filing | 682.5M shares outstanding

680M 62M
Feb 15, 2024

10-K filing | 657.1M shares outstanding

660M 62M
Nov 02, 2023

10-Q filing | 662.1M shares outstanding

660M 62M
Aug 03, 2023

10-Q filing | 667.2M shares outstanding

670M 62M
May 04, 2023

10-Q filing | 641.9M shares outstanding

640M 62M
Feb 23, 2023

10-K filing | 627.1M shares outstanding

630M 62M
Nov 03, 2022

10-Q filing | 629.5M shares outstanding

630M 62M
Aug 04, 2022

10-Q filing | 625.0M shares outstanding

620M 62M
May 05, 2022

10-Q filing | 619.1M shares outstanding

620M 62M
Feb 24, 2022

10-K filing | 592.6M shares outstanding

590M 62M
Jan 28, 2022

POS AM filing: Registration of 156,507,816 shares of common stock for resale, including shares issued in connection with a merger, PIPE investment, and shares reserved for issuance upon the exercise of options and settlement of restricted stock units.

600M 62M
Nov 10, 2021

10-Q filing | 603.4M shares outstanding

600M 62M
Sep 17, 2021

8-K filing: Opendoor Technologies Inc. completed a public offering of 28,000,000 shares of its common stock by the Selling Stockholder, SVF Excalibur (Cayman) Limited, to the Underwriter at a price of $16.69 per share, and the Underwriter exercised its option to purchase an additional 4,200,000 shares, which was also completed.

590M 62M
Aug 11, 2021

10-Q filing | 588.4M shares outstanding

590M 62M
May 12, 2021

10-Q filing | 565.4M shares outstanding

570M 62M
Mar 08, 2021

POS AM filing: This POS AM filing describes the rights associated with Opendoor Technologies' common stock, including voting, dividend, liquidation, and other rights.

580M 62M
Mar 04, 2021

10-K filing | 577.2M shares outstanding

580M 460M
Feb 11, 2021

8-K filing: Opendoor Technologies Inc. completed an underwritten public offering of 32,817,421 shares of its common stock at a price of $27.00 per share, resulting in gross proceeds of approximately $886.1 million and net proceeds to the Company of approximately $859.5 million. ($886.1M proceeds)

41M 460M
Feb 02, 2021

S-1 filing: This S-1 filing registers common stock with a proposed maximum aggregate offering price of $704,352,000.00, based on a price of $25.52 per share, for a total of 27,600,000 shares including the underwriter's option to purchase additional shares.

41M 460M
Jan 15, 2021

S-1/A filing: Registration of (i) the offer and sale from time to time of (a) 309,733,372 outstanding shares of common stock, and (b) 6,133,333 warrants to acquire shares of common stock, (ii) the offer and sale from time to time of 71,799,806 shares of common stock issuable upon the exercise of options and the settlement of restricted stock units, and (iii) the issuance by the Company of up to 19,933,333 shares of common stock upon the exercise of warrants.

41M 440M
Jan 13, 2021

S-1/A filing: This is an S-1/A filing for common stock, detailing rights such as voting, dividends, and liquidation, but not specifying offering details like amount or share numbers.

41M 35M
Jan 11, 2021

POS AM filing: This POS AM filing discusses the conversion of SCH's ordinary shares, warrants, and units into Opendoor Technologies common stock and warrants following the Domestication. No additional securities are being registered.

41M 35M
Dec 31, 2020

S-1/A filing: This is an S-1/A filing for common stock of Opendoor Technologies Inc.

41M 35M
Dec 21, 2020

S-1 filing: This is an S-1 filing for common stock, detailing rights such as voting, dividends, liquidation, and preemptive rights. It also includes a table of contents and definitions.

41M 35M
Nov 05, 2020

10-Q filing | 41.4M shares outstanding

41M 35M
Aug 13, 2020

10-Q filing | 41.4M shares outstanding

41M 35M
Jun 04, 2020

10-Q filing | 41.4M shares outstanding

41M 35M
May 06, 2020

8-K filing: Social Capital Hedosophia Holdings Corp. II consummated its initial public offering of 41,400,000 units at $10.00 per unit, generating gross proceeds of $414,000,000, and completed the private sale of 6,133,333 warrants at $1.50 per warrant to SCH Sponsor II LLC, generating gross proceeds of $9,200,000. ($423.2M proceeds)

8.6M 35M
Apr 30, 2020

8-K filing: Social Capital Hedosophia Holdings Corp. II consummated its initial public offering of 41,400,000 units at $10.00 per unit, generating gross proceeds of $414,000,000, and completed the private sale of 6,133,333 warrants to its sponsor at $1.50 per warrant, generating gross proceeds of $9,200,000. ($423.2M proceeds)

8.6M 35M
Apr 20, 2020

S-1/A filing: This is an S-1/A filing for Social Capital Hedosophia Holdings Corp. II registering units, each consisting of one Class A ordinary share and one-third of one redeemable warrant.

8.6M 35M
Mar 18, 2020

S-1/A filing: This S-1/A filing details the offering of 30,000,000 units at $10.00 per unit, each unit consisting of one Class A ordinary share and one-third of one redeemable warrant, along with 5,333,333 private placement warrants at a price of $1.50 per warrant.

8.6M 45M
Mar 11, 2020

S-1/A filing: This S-1/A filing details an offering of 30,000,000 units (or 34,500,000 units if the underwriters' over-allotment option is exercised in full) at $10.00 per unit, each unit consisting of one Class A ordinary share and one-quarter of one redeemable warrant, along with a simultaneous private placement of 4,000,000 private placement warrants (or 4,450,000 warrants if the underwriters' over-allotment option is exercised in full) at a price of $2.00 per warrant.

8.6M 39M
Feb 28, 2020

S-1 filing: Social Capital Hedosophia Holdings Corp. II is offering 30,000,000 units at $10.00 per unit, each unit consisting of one Class A ordinary share and one-quarter of one redeemable warrant.

8.6M 42M
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