OPENL Opendoor Technologies Inc - Series A Warrants, each whole warrant exercisable to purchase one share of Common Stock at an exercise price of $13.00 per warrant

NASDAQ · SEC EDGAR'da Görüntüle ↗ kapat Eki 2, 2026 10-K/10-Q Şub 19, 2026

$0,08 · 52 haftalık aralığın %'i

· düşüğün üstünde · yükseğe

$0,0652 haftanın en düşüğü $1,2152 haftanın en yükseği

Piyasa Değeri (MRQ) $77M

P/E (TTM) -0.0

Hisse Başına Kâr (TTM) $-1.70

Gelir (TTM) $4.37B

rozetleriniz 52 Haftlık Aralık $0–$1 2% of range Analist Derecelendirmesi · Fiyat Hedefi · P/E -0.0 ROE -151.3% Net Kâr Marjı -29.7%

OPENL Hisse Senedi Özeti Fiyat, piyasa değeri, P/E, EPS, ROE, borç/öz sermaye, 52 haftalık aralık

Fiyat $0.08

Piyasa Değeri (MRQ) $77M

P/E (TTM) -0.0

Hisse Başına Kâr (TTM) $-1.70

Gelir (TTM) $4.37B

ROE (TTM) -151.3%

52 Haftlık Aralık $0–$1

OPENL Hisse Senedi Fiyat Grafiği Teknik göstergeler ile günlük OHLCV — kaydır, yakınlaştır ve görünümünüzü özelleştirin

aralık

çubuklar

Çubuk çözünürlüğü seçilen döneme uyum sağlar — bir çubuk için açılış/yüksek/düşük/kapanış değerlerini görmek için grafiğin üzerine gelin.

10 Yıllık Performans Gelir, net kar, marjlar ve EPS trendleri

Gelir$4.37B

2018-12-31 → 2025-12-31

Hisse Başına Kâr$-1.70

2018-12-31 → 2025-12-31

Serbest Nakit Akışı$1.04B

2020-12-31 → 2025-12-31

Net kar marjı-29.7%

2020-12-31 → 2025-12-31

Değerleme ve Oranlar 07–12

Değerleme P/E, P/S, P/B, EV/EBITDA oranları — hisse senedi pahalı mı ucuz mu?

Metrik	OPENL	5Y ort.	Akran Ortalaması	Sonuç
P/E (TTM)	-0.0	·	·	·
F/S (TTM)	0.0	·	·	·
F/D (MRQ)	0.1	·	·	·
Fiyat / Serbest Nakit Akışı (TTM)	0.1	·	·	·
Fiyat / Nakit Akışı (TTM)	0.1	·	·	·
Fiyat / Maddi Defter Değeri (MRQ)	0.1	·	·	·

Akran ortalaması, metrik başına standartlaştırılmış bir temelde hesaplanır ve bu hisse senedi için gösterilen TTM/MRQ temelini her zaman eşleşmeyebilir.

Kârlılık Brüt, faaliyet ve net kâr marjları; ROE, ROA, ROIC

Metrik	OPENL	5Y ort.	Akran Ortalaması	Sonuç
Brüt Kar Marjı (TTM)	8.0%5Y ort. ≈7.4%	≈7.4%	·	·
Faaliyet Kâr Marjı (TTM)	-6.6%5Y ort. ≈-6.3%	≈-6.3%	·	·
FAVÖK Marjı (TTM)	-5.9%5Y ort. ≈-5.8%	≈-5.8%	·	·
Vergi Öncesi Kar Marjı (TTM)	-29.7%5Y ort. ≈-11.6%	≈-11.6%	·	·
Net Kâr Marjı (TTM)	-29.7%5Y ort. ≈-11.7%	≈-11.7%	·	·
ROA (TTM)	-47.0%5Y ort. ≈-18.4%	≈-18.4%	·	·
ROE (TTM)	-151.3%5Y ort. ≈-74.4%	≈-74.4%	·	·
ROIC	-28.6%5Y ort. ≈-45.0%	≈-45.0%	·	·

Finansal Sağlık Borç, likidite, solventlik — bilanço gücü

Metrik	5 Yıllık trend	OPENL	5Y ort.	Akran Ortalaması	Sonuç
Cari Oran (MRQ)		7.05Y ort. ≈13.7	≈13.7	·	·
Quick Ratio (Cari Oran)		2.95Y ort. ≈4.2	≈4.2	·	·

Büyüme Gelir, EPS ve net gelir büyümesi: YOY, 3 Yıllık CAGR, 5 Yıllık CAGR

Metrik	OPENL	5Y ort.	Akran Ortalaması	Sonuç
Revenue YoY (Gelir Yıllık Bazda)	-15.2%5Y ort. ≈41.6%	≈41.6%	·	·
Revenue CAGR 3Y (Gelir 3 Yıllık Bileşik Büyüme Oranı)	-34.5%5Y ort. ≈-3.1%	≈-3.1%	·	·
Revenue CAGR 5Y (Gelir 5 Yıllık Bileşik Büyüme Oranı)	11.1%	·	·	·

Hisse Başı Metrikler Hisse Başı Kâr, hisse başına defter değeri, hisse başına nakit akışı, hisse başına temettü

Metrik	OPENL	5Y ort.	Akran Ortalaması	Sonuç
EPS (Diluted) (Hisse Başına Kar (Seyreltilmiş))	$-1.705Y ort. ≈$-1.19	≈$-1.19	·	·
Revenue / Share (Hisse Başına Gelir)	$5.705Y ort. ≈$12.40	≈$12.40	·	·
Cash Flow / Share (Hisse Başına Nakit Akışı)	$1.375Y ort. ≈$-0.91	≈$-0.91	·	·
Cash / Share (Hisse Başına Nakit)	$1.005Y ort. ≈$1.60	≈$1.60	·	·

Sermaye Verimliliği Aktif devir hızı, stok devir hızı, alacak devir hızı

Metrik	5 Yıllık trend	OPENL	5Y ort.	Akran Ortalaması	Sonuç
Asset Turnover (Aktif Devir Hızı)		1.65Y ort. ≈1.6	≈1.6	·	·
Revenue / Employee (Çalışan Başına Gelir)		≈$4.2M	·	·	·

değer · ≈ 5Y ort. · sektör ortalaması · ortalamaya göre değerlendirme

Tüm Temeller Tüm metrikler yıla göre — gelir tablosu, bilanço, nakit akışı

Gelir Tablosu 17

Metrik	2025	2024	2023	2022	2021	2020	2019	2018
Revenue	$4.37B	$5.15B	$6.95B	$15.57B	$8.02B	$2.58B	$4.74B	$1.84B
Cost of Revenue	$4.02B	$4.72B	$6.46B	$14.90B	$7.29B	$2.36B	$4.44B	$1.70B
Gross Profit	$350M	$433M	$487M	$667M	$730M	$220M	$301M	$133M
R&D Expense	$79M	$141M	$167M	$169M	$134M	$56M	$51M	$28M
SG&A Expense	$238M	$182M	$206M	$346M	$620M	$132M	$114M	$72M
Operating Expenses	$637M	$753M	$873M	$1.60B	$1.30B	$406M	$549M	$297M
Operating Income	$-287M	$-320M	$-386M	$-931M	$-568M	$-186M	$-248M	$-164M
Interest Expense	·	·	$211M	$385M	$143M	$68M	$110M	$60M
Other Non-op	$42M	$64M	$107M	$-10M	$38M	$4M	$13M	$3M
Pretax Income	$-1.30B	$-391M	$-274M	$-1.35B	$-661M	$-253M	$-339M	$-240M
Income Tax	$0	$1M	$1M	$2M	$1M	$0	$0	$377.0K
Net Income	$-1.30B	$-392M	$-275M	$-1.35B	$-662M	$-253M	$-341M	$-241M
EPS (Basic)	$-1.70	$-0.56	$-0.42	$-2.16	$-1.12	$-2.31	$-4.26	$-3.16
EPS (Diluted)	$-1.70	$-0.56	$-0.42	$-2.16	$-1.12	$-2.31	$-4.37	$-3.16
Shares (Basic)	766,531,000	699,457,000	657,111,000	627,105,000	592,574,000	109,301,000	79,977,000	78,564,000
Shares (Diluted)	766,531,000	699,457,000	657,111,000	627,105,000	592,574,000	109,301,000	79,977,000	78,564,000
EBITDA	$-256M	$-287M	$-348M	$-894M	$-541M	$-164M	·	·

Bilanço 27

Metrik	2025	2024	2023	2022	2021	2020	2019	2018
Cash & Equivalents	$962M	$671M	$999M	$1.14B	$1.73B	$1.41B	$405M	$262M
Short-term Investments	$0	$8M	$69M	$144M	$484M	$48M	·	·
Prepaid Expense	·	·	·	·	·	·	$0	·
Other Current Assets	$69M	$61M	$52M	$41M	$91M	$24M	$31M	·
Current Assets	$2.30B	$3.00B	$3.44B	$6.47B	$9.34B	$2.05B	$2.09B	·
PP&E (Net)	$27M	$48M	$66M	$58M	$45M	$29M	$35M	·
PP&E (Gross)	$117M	$123M	$166M	$148M	$102M	$63M	$55M	·
Accum. Depreciation	$90M	$75M	$100M	$90M	$57M	$34M	$20M	·
Goodwill	$3M	$3M	$4M	$4M	$60M	$31M	$31M	·
Intangibles	$0	$0	$5M	$12M	$12M	$9M	$12M	·
Other Non-current Assets	$70M	$60M	$22M	$27M	$7M	$4M	$5M	·
Total Assets	$2.41B	$3.13B	$3.57B	$6.61B	$9.51B	$2.18B	$2.23B	·
Accounts Payable	$80M	$92M	$64M	$110M	$137M	$25M	$33M	·
Accrued Liabilities	$20M	$30M	$34M	$47M	$66M	$11M	$16M	·
Current Liabilities	$327M	$529M	$70M	$1.50B	$4.40B	$393M	$1.13B	·
Capital Leases	$6M	$13M	$19M	$38M	$42M	$47M	$48M	·
Other Non-current Liabilities	$1M	$1M	$1M	$0	·	$94.0K	$208.0K	·
Total Liabilities	$1.40B	$2.41B	$2.60B	$5.52B	$7.26B	$623M	$1.58B	·
Long-term Debt	·	·	·	·	·	$135M	·	·
Total Debt	·	·	·	·	·	$346M	·	·
Common Stock	$0	$0	$0	$0	$0	$0	$0	·
Paid-in Capital	$6.04B	$4.44B	$4.30B	$4.15B	$3.96B	$2.60B	$57M	·
Retained Earnings	$-5.03B	$-3.73B	$-3.33B	$-3.06B	$-1.71B	$-1.04B	$-790M	·
AOCI	$0	$0	$-1M	$-4M	$-2M	$0	$18.0K	·
Stockholders' Equity	$1.00B	$713M	$967M	$1.09B	$2.25B	$1.55B	$-733M	$-414M
Liabilities + Equity	$2.41B	$3.13B	$3.57B	$6.61B	$9.51B	$2.18B	$2.23B	·
Shares Outstanding	957,245,487	719,990,121	677,636,163	637,387,025	616,026,565	540,714,692	83,748,443	·

Nakit Akışı 16

Metrik	2025	2024	2023	2022	2021	2020	2019	2018
D&A	$31M	$33M	$38M	$37M	$27M	$22M	$15M	$5M
Stock-based Comp	$159M	$114M	$126M	$171M	$536M	$38M	$13M	$8M
Amort. of Intangibles	·	$4M	$7M	$9M	$4M	$4M	$3M	$600.0K
Restructuring	$10M	$17M	$14M	$17M	$0	$29M	·	·
Other Non-cash	$2.16B	$-350M	$2.46B	$1.88B	$-5.70B	$909M	·	·
Operating Cash Flow	$1.05B	$-595M	$2.34B	$730M	$-5.79B	$682M	$-272M	$-1.18B
CapEx	$12M	$25M	$37M	$37M	$33M	$17M	$28M	$20M
Investing Cash Flow	$-12M	$28M	$44M	$234M	$-476M	$-22M	$-95M	$-7M
Stock Issued	$198M	$0	$0	$0	$886M	$0	$0	$0
Stock Repurchased	·	·	·	·	$0	$0	$3M	$38M
Net Stock Activity	$198M	·	$0	$0	$886M	$82.0K	·	·
Financing Cash Flow	$-499M	$-210M	$-2.64B	$-1.75B	$7.34B	$161M	$646M	$1.50B
Net Change in Cash	$538M	$-777M	$-251M	$-787M	$1.07B	$821M	$279M	$309M
Taxes Paid	$0	·	·	·	·	·	·	·
Free Cash Flow	$1.04B	$-620M	$2.31B	$693M	$-5.83B	$665M	·	·
Levered FCF	·	·	$2.10B	$307M	$-5.97B	$597M	·	·

Kârlılık 8

Metrik	2025	2024	2023	2022	2021	2020	2019	2018
Gross Margin	8.0%	8.4%	7.0%	4.3%	9.1%	8.5%	·	·
Operating Margin	-6.6%	-6.2%	-5.6%	-6.0%	-7.1%	-7.2%	·	·
Net Margin	-29.7%	-7.6%	-4.0%	-8.7%	-8.2%	-11.1%	·	·
Pretax Margin	-29.7%	-7.6%	-3.9%	-8.7%	-8.2%	-11.1%	·	·
EBITDA Margin	-5.9%	-5.6%	-5.0%	-5.7%	-6.7%	-6.4%	·	·
ROA	-47.0%	-11.7%	-5.4%	-16.8%	-11.3%	-13.0%	·	·
ROE	-158.9%	-51.8%	-27.7%	-105.1%	-28.7%	-64.3%	·	·
ROIC	-28.6%	-45.0%	-40.1%	-85.9%	-25.3%	-9.6%	·	·

Likidite ve Solventlik 4

Metrik	2025	2024	2023	2022	2021	2020	2019	2018
Current Ratio	7.0	5.7	49.2	4.3	2.1	5.2	·	·
Quick Ratio	2.9	1.3	15.3	0.9	0.5	3.6	·	·
Debt / Equity	·	·	·	·	·	0.2	·	·
Interest Coverage	·	·	-1.8	-2.4	-4.0	-2.7	·	·

Verimlilik 1

Metrik	Eğilim	2025	2024	2023	2022	2021	2020	2019	2018
Asset Turnover		1.6	1.5	1.4	1.9	1.4	1.2	·	·

Hisse Başına 5

Metrik	2025	2024	2023	2022	2021	2020	2019	2018
Book Value / Share	$1.05	$0.99	$1.43	$1.70	$3.65	$2.96	·	·
Revenue / Share	$5.70	$7.37	$10.57	$24.82	$13.54	$23.63	·	·
Cash Flow / Share	$1.37	$-0.85	$3.57	$1.16	$-9.78	$6.24	·	·
Cash / Share	$1.00	$0.93	$1.47	$1.78	$2.81	$2.61	·	·
EPS (TTM)	$-1.70	$-0.56	$-0.42	$-2.16	$-1.12	$-2.31	·	·

Büyüme Oranları 3

Metrik	2025	2024	2023	2022	2021	2020	2019	2018
Revenue YoY	-15.2%	-25.8%	-55.4%	94.1%	210.5%	·	·	·
Revenue CAGR 3Y	-34.5%	-13.7%	39.1%	·	·	·	·	·
Revenue CAGR 5Y	11.1%	·	·	·	·	·	·	·

Değerleme (TTM) 10

Metrik	2025	2024	2023	2022	2021	2020	2019	2018
Revenue TTM	$4.37B	$5.15B	$6.95B	$15.57B	$8.02B	$2.58B	·	·
Net Income TTM	$-1.30B	$-392M	$-275M	$-1.35B	$-662M	$-253M	·	·
Market Cap	$498M	·	·	·	·	·	·	·
P/E	-0.3	·	·	·	·	·	·	·
P/S	0.1	·	·	·	·	·	·	·
P/B	0.5	·	·	·	·	·	·	·
P / Tangible Book	0.5	·	·	·	·	·	·	·
P / Cash Flow	0.5	·	·	·	·	·	·	·
P / FCF	0.5	·	·	·	·	·	·	·
Earnings Yield	-326.9%	·	·	·	·	·	·	·

Gelir Tablosu 17

Metrik	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022	Q1 2022
Revenue	$736M	$915M	$1.57B	$1.15B	$1.08B	$1.38B	$1.51B	$1.18B	$870M	$980M	$1.98B	$3.12B	$2.86B	$3.36B	$4.20B	$5.15B
Cost of Revenue	$679M	$849M	$1.44B	$1.05B	$999M	$1.27B	$1.38B	$1.07B	$798M	$884M	$1.83B	$2.95B	$2.79B	$3.79B	$3.71B	$4.62B
Gross Profit	$57M	$66M	$128M	$99M	$85M	$105M	$129M	$114M	$72M	$96M	$149M	$170M	$71M	$-425M	$486M	$535M
R&D Expense	$18M	$19M	$21M	$21M	$33M	$30M	$37M	$41M	$46M	$42M	$39M	$40M	$48M	$40M	$41M	$40M
SG&A Expense	$129M	$48M	$28M	$33M	$41M	$46M	$48M	$47M	$48M	$48M	$44M	$66M	$23M	$85M	$137M	$101M
Operating Expenses	$207M	$134M	$141M	$155M	$179M	$172M	$201M	$201M	$187M	$175M	$217M	$294M	$342M	$385M	$454M	$417M
Operating Income	$-150M	$-68M	$-13M	$-56M	$-94M	$-67M	$-72M	$-87M	$-115M	$-79M	$-68M	$-124M	$-271M	$-810M	$32M	$118M
Interest Expense	·	·	·	·	·	·	·	$37M	·	$47M	$53M	$74M	·	$115M	$89M	$68M
Other Non-op	$14M	$14M	$10M	$4M	$14M	$23M	$12M	$15M	$27M	$20M	$41M	$19M	$10M	$-2M	$4M	$-22M
Pretax Income	$-1.10B	$-89M	$-29M	$-85M	$-113M	$-78M	$-91M	$-109M	$-91M	$-106M	$24M	$-101M	$-399M	$-927M	$-53M	$28M
Income Tax	$0	$0	$0	$0	$0	$0	$1M	$0	$0	$0	$1M	$0	$0	$1M	$1M	$0
Net Income	$-1.10B	$-90M	$-29M	$-85M	$-113M	$-78M	$-92M	$-109M	$-91M	$-106M	$23M	$-101M	$-399M	$-928M	$-54M	$28M
EPS (Basic)	$-1.42	$-0.12	$-0.04	$-0.12	$-0.16	$-0.11	$-0.13	$-0.16	$-0.14	$-0.16	$0.04	$-0.16	$-0.65	$-1.47	$-0.09	$0.05
EPS (Diluted)	$-1.42	$-0.12	$-0.04	$-0.12	$-0.16	$-0.11	$-0.13	$-0.16	$-0.13	$-0.16	$0.03	$-0.16	$-0.64	$-1.47	$-0.09	$0.04
Shares (Basic)	·	741,939,000	729,484,000	723,542,000	·	705,359,000	693,445,000	682,457,000	·	662,149,000	646,062,000	641,916,000	·	629,535,000	624,958,000	619,137,000
Shares (Diluted)	·	741,939,000	729,484,000	723,542,000	·	705,359,000	693,445,000	682,457,000	·	662,149,000	667,159,000	641,916,000	·	629,535,000	624,958,000	640,785,000
EBITDA	·	$-60M	$-5M	$-48M	·	$-60M	$-63M	$-78M	·	$-71M	$-59M	$-114M	·	$-800M	$41M	$127M

Bilanço 24

Metrik	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022	Q1 2022
Cash & Equivalents	$962M	$962M	$789M	$559M	$671M	$829M	$790M	$953M	$999M	$1.15B	$1.12B	$1.14B	$1.14B	$1.33B	$2.24B	$2.31B
Short-term Investments	$0	$0	$0	$0	$8M	$8M	$19M	$37M	·	$72M	$90M	$108M	·	$178M	$233M	$464M
Other Current Assets	$69M	$73M	$72M	$77M	$61M	$41M	$61M	$65M	·	$47M	$37M	$46M	·	$80M	$162M	$126M
Current Assets	$2.30B	$2.59B	$2.80B	$3.15B	$3.00B	$3.26B	$3.25B	$3.28B	·	$3.82B	$4.09B	$4.97B	·	$9.58B	$9.95B	$8.08B
PP&E (Net)	$27M	$31M	$37M	$44M	$48M	$59M	$71M	$66M	·	$68M	$62M	$59M	·	$62M	$54M	$49M
PP&E (Gross)	$117M	$118M	$120M	$125M	$123M	$138M	$151M	$145M	·	$159M	$146M	$159M	·	$145M	$129M	$115M
Accum. Depreciation	$90M	$87M	$83M	$81M	$75M	$79M	$80M	$79M	·	$91M	$84M	$100M	·	$83M	$75M	$66M
Goodwill	$3M	$3M	$3M	$3M	$3M	$3M	$4M	$4M	·	$4M	$4M	$4M	·	$62M	$60M	$60M
Intangibles	$0	$0	$0	$0	$0	$0	$2M	$4M	·	$7M	$9M	$11M	·	$7M	$7M	$10M
Other Non-current Assets	$70M	$70M	$61M	$61M	$60M	$61M	$23M	$23M	·	$22M	$27M	$27M	·	$26M	$27M	$29M
Total Assets	$2.41B	$2.70B	$2.91B	$3.28B	$3.13B	$3.41B	$3.37B	$3.40B	·	$3.95B	$4.22B	$5.11B	·	$9.78B	$10.14B	$8.27B
Accounts Payable	$80M	·	·	·	$92M	·	·	·	·	·	·	·	·	·	·	·
Accrued Liabilities	$20M	·	·	·	$30M	·	·	·	·	·	·	·	·	·	·	·
Current Liabilities	$327M	$914M	$643M	$1.05B	$529M	$721M	$393M	$74M	·	$74M	$88M	$443M	·	$3.60B	$3.61B	$2.81B
Capital Leases	$6M	$7M	$6M	$13M	$13M	$19M	$18M	$18M	·	$20M	$21M	$35M	·	$39M	$42M	$43M
Other Non-current Liabilities	$1M	$2M	$1M	$1M	$1M	$2M	$0	$1M	·	$1M	·	·	·	·	·	·
Total Liabilities	$1.40B	$1.89B	$2.28B	$2.63B	$2.41B	$2.61B	$2.53B	$2.50B	·	$2.93B	$3.14B	$4.08B	·	$8.30B	$7.78B	$5.92B
Common Stock	$0	$0	$0	$0	$0	$0	$0	$0	·	$0	$0	$0	·	$0	$0	$0
Paid-in Capital	$6.04B	$4.74B	$4.47B	$4.46B	$4.44B	$4.41B	$4.38B	$4.34B	·	$4.26B	$4.22B	$4.20B	·	$4.15B	$4.09B	$4.03B
Retained Earnings	$-5.03B	$-3.93B	$-3.84B	$-3.81B	$-3.73B	$-3.61B	$-3.53B	$-3.44B	·	$-3.24B	$-3.14B	$-3.16B	·	$-2.66B	$-1.73B	$-1.68B
AOCI	$0	$0	$0	$0	$0	$0	$0	$0	·	$-1M	$-2M	$-3M	·	$-5M	$-5M	$-4M
Stockholders' Equity	$1.00B	$811M	$631M	$645M	$713M	$801M	$845M	$899M	$967M	$1.02B	$1.09B	$1.04B	$1.09B	$1.49B	$2.36B	$2.35B
Liabilities + Equity	$2.41B	$2.70B	$2.91B	$3.28B	$3.13B	$3.41B	$3.37B	$3.40B	·	$3.95B	$4.22B	$5.11B	·	$9.78B	$10.14B	$8.27B
Shares Outstanding	957,245,487	771,534,057	733,592,980	726,835,454	719,990,121	711,660,871	698,843,166	688,560,794	677,636,163	668,592,580	657,337,566	647,607,920	637,387,025	632,513,135	627,033,133	622,918,512

Nakit Akışı 14

Metrik	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022	Q1 2022
D&A	$7M	$8M	$8M	$8M	$8M	$7M	$9M	$9M	$11M	$8M	$9M	$10M	$9M	$10M	$9M	$9M
Stock-based Comp	$105M	$27M	$13M	$14M	$23M	$25M	$33M	$33M	$32M	$31M	$21M	$42M	$-7M	$52M	$59M	$67M
Amort. of Intangibles	·	·	·	·	$0	$1M	$1M	$2M	$2M	$2M	$1M	$2M	$2M	$2M	$3M	$2M
Restructuring	$0	$1M	$6M	$3M	$17M	$0	$0	$0	$4M	$0	$10M	·	$17M	$0	$0	·
Other Non-cash	·	·	·	$-216M	·	·	·	$-111M	·	·	·	$2.21B	·	·	·	$1.45B
Operating Cash Flow	$70M	$435M	$823M	$-279M	$-80M	$62M	$-399M	$-178M	$-542M	$-216M	$940M	$2.16B	$1.40B	$-322M	$-1.89B	$1.55B
CapEx	$3M	$3M	$2M	$4M	$3M	$6M	$8M	$8M	$9M	$11M	$9M	$8M	$4M	$13M	$10M	$10M
Investing Cash Flow	$-3M	$-9M	$-2M	$2M	$-3M	$0	$9M	$22M	$-4M	$3M	$15M	$30M	$24M	$27M	$221M	$-38M
Stock Issued	$0	·	·	·	$0	·	·	·	·	·	·	·	·	$0	$0	$0
Net Stock Activity	·	·	·	·	·	·	·	·	·	·	·	·	·	·	·	$0
Financing Cash Flow	$-218M	$-159M	$-329M	$207M	$-208M	$81M	$15M	$-98M	$-292M	$-213M	$-809M	$-1.32B	$-2.71B	$520M	$1.77B	$-1.33B
Net Change in Cash	$-151M	$267M	$492M	$-70M	$-291M	$143M	$-375M	$-254M	$-838M	$-426M	$146M	$867M	$-1.29B	$225M	$98M	$178M
Free Cash Flow	·	·	·	$-283M	·	·	·	$-186M	·	·	·	$2.15B	·	·	·	$1.54B
Levered FCF	·	·	·	·	·	·	·	$-223M	·	·	·	$2.08B	·	·	·	$1.47B

Kârlılık 8

Metrik	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022	Q1 2022
Gross Margin	·	7.2%	8.2%	8.6%	·	7.6%	8.5%	9.7%	·	9.8%	7.5%	5.5%	·	-12.7%	11.6%	10.4%
Operating Margin	·	-7.4%	-0.83%	-4.9%	·	-4.9%	-4.8%	-7.4%	·	-8.1%	-3.4%	-4.0%	·	-24.1%	0.76%	2.3%
Net Margin	·	-9.8%	-1.8%	-7.4%	·	-5.7%	-6.1%	-9.2%	·	-10.8%	1.2%	-3.2%	·	-27.6%	-1.3%	0.54%
Pretax Margin	·	-9.7%	-1.8%	-7.4%	·	-5.7%	-6.0%	-9.2%	·	-10.8%	1.2%	-3.2%	·	-27.6%	-1.3%	0.54%
EBITDA Margin	·	-6.6%	-0.32%	-4.2%	·	-4.4%	-4.2%	-6.6%	·	-7.2%	-3.0%	-3.6%	·	-23.8%	0.98%	2.5%
ROA	·	-2.9%	-0.92%	-2.5%	·	-2.1%	-2.4%	-2.6%	·	-1.5%	0.32%	-1.5%	·	-9.9%	-0.72%	0.49%
ROE	·	-11.2%	-3.9%	-11.0%	·	-8.6%	-9.5%	-11.3%	·	-8.5%	1.3%	-6.0%	·	-48.2%	-2.3%	1.2%
ROIC	·	-8.4%	-2.1%	-8.7%	·	-8.4%	-8.6%	-9.7%	·	-7.8%	-6.0%	-12.0%	·	-54.5%	1.4%	5.0%

Likidite ve Solventlik 3

Metrik	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022	Q1 2022
Current Ratio	·	2.8	4.3	3.0	·	4.5	8.3	44.4	·	51.6	46.5	11.2	·	2.7	2.8	2.9
Quick Ratio	·	1.1	1.2	0.5	·	1.2	2.1	13.4	·	16.6	13.8	2.8	·	0.4	0.7	1.0
Interest Coverage	·	·	·	·	·	·	·	-2.4	·	-1.7	-1.3	-1.7	·	-7.0	0.4	1.7

Verimlilik 1

Metrik	Eğilim	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022	Q1 2022
Asset Turnover		·	0.3	0.5	0.3	·	0.4	0.4	0.3	·	0.1	0.3	0.5	·	0.4	0.6	0.9

Hisse Başına 5

Metrik	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022	Q1 2022
Book Value / Share	·	$1.05	$0.86	$0.89	·	$1.13	$1.21	$1.31	·	$1.53	$1.65	$1.60	·	$2.35	$3.76	$3.77
Revenue / Share	·	$1.23	$2.15	$1.59	·	$1.95	$2.18	$1.73	·	$1.48	$2.96	$4.86	·	$5.34	$6.72	$8.04
Cash Flow / Share	·	·	·	$-0.39	·	·	·	$-0.26	·	·	·	$3.37	·	·	·	$2.42
Cash / Share	·	$1.25	$1.08	$0.77	·	$1.16	$1.13	$1.38	·	$1.73	$1.70	$1.76	·	$2.10	$3.57	$3.71
EPS (TTM)	·	$-0.44	·	·	·	$-0.53	$-0.58	$-0.42	·	$-0.93	$-2.24	$-2.36	·	$-1.83	$-0.45	$-0.60

Değerleme (TTM) 2

Metrik	Eğilim	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022	Q1 2022
Revenue TTM		·	$4.72B	·	·	·	$4.94B	$4.54B	$5.01B	·	$8.93B	$11.31B	$13.54B	·	$16.53B	$15.44B	$12.43B
Net Income TTM		·	$-317M	·	·	·	$-370M	$-398M	$-283M	·	$-583M	$-1.41B	$-1.48B	·	$-1.15B	$-274M	$-364M

En son dönem solda · null değerler · olarak gösterilir

Finansal Tablolar Gelir tablosu, bilanço, nakit akışı — yıllık, son 5 yıl

Metrik	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Gelir	$4.37B	$5.15B	$6.95B	$15.57B	$8.02B
Brüt Kâr Marjı %	8.0%	8.4%	7.0%	4.3%	9.1%
Faaliyet Kâr Marjı %	-6.6%	-6.2%	-5.6%	-6.0%	-7.1%
Net Gelir	$-1.30B	$-392M	$-275M	$-1.35B	$-662M
Seyreltilmiş Hisse Başı Kâr	$-1.70	$-0.56	$-0.42	$-2.16	$-1.12

Metrik	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Cari Oran	7.0	5.7	49.2	4.3	2.1
Cari Oran	2.9	1.3	15.3	0.9	0.5

Metrik	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Serbest Nakit Akışı	$1.04B	$-620M	$2.31B	$693M	$-5.83B

Kurumsal Sahipler (13F) 133 dosya · $2.0M toplam · Tarih itibarıyla 30 Haziran 2026

Çeyreklik SEC Form 13F'lerinde bu hisse senedini tuttuklarını bildiren kurumlar. Yalnızca uzun pozisyonlar; tek bir başvuru sahibi, ayrı opsiyon bacakları için iki kez görünebilir. Büyük dengeleyici alım/satım bacakları genellikle piyasa yapımını veya korunmuş envanteri yansıtır, yönlü bir inancı değil.

Sahipler 133

Tutulan Değer $2.0M

Yeni pozisyonlar 15

Çıkan pozisyonlar 21

Kurumsal faaliyet — Q2 2026 ve önceki çeyrek

Yeni pozisyonlar	Çıkan pozisyonlar	Artırıldı	Azaldı	Net hisse senedi değişimi
15 (-1 önceki Ç'ye göre)	21 (-4 önceki Ç'ye göre)	21 (0 önceki Ç'ye göre)	28 (-13 önceki Ç'ye göre)	-1.3M

Q1 2026 ile karşılaştırıldı. SEC Form 13F başvuruları, çeyrek sonundan itibaren 45 gün içinde ve geç başvuranlar için kısa bir ek süre içinde tamamlanmalıdır — bu pencere içindeki çeyrekler, en son tam olarak raporlanan çifte tercih edilerek atlanır.

Kurum	Değer	Hisse senetleri	% izlenen 13F'nin	Tür
Caption Management, LLC	$629.342	2.225.397	31,55%	Hisse senetleri
MORGAN STANLEY	$250.657	886.344	12,57%	Hisse senetleri
LENNAR CORP /NEW/	$177.089	626.198	8,88%	Hisse senetleri
ARISTEIA CAPITAL, L.L.C.	$166.389	588.466	8,34%	Hisse senetleri
IMC-Chicago, LLC	$147.724	31.975	7,41%	Hisse senetleri
JANE STREET GROUP, LLC	$140.483	496.757	7,04%	Hisse senetleri
MILLENNIUM MANAGEMENT LLC	$80.424	284.386	4,03%	Alım opsiyonu
DeepCurrents Investment Group LLC	$57.223	12.386	2,87%	Alım opsiyonu
STATE STREET CORP	$40.019	141.510	2,01%	Hisse senetleri
GEODE CAPITAL MANAGEMENT, LLC	$28.315	100.175	1,42%	Hisse senetleri
Graham Capital Management, L.P.	$26.253	92.833	1,32%	Hisse senetleri
LMR Partners LLP	$19.796	70.000	0,99%	Hisse senetleri
KESTRA PRIVATE WEALTH SERVICES, LLC	$18.739	66.262	0,94%	Hisse senetleri
Point72 Asset Management, L.P.	$18.121	64.077	0,91%	Hisse senetleri
Skaana Management L.P.	$17.977	63.567	0,90%	Hisse senetleri
AQR CAPITAL MANAGEMENT LLC	$17.282	61.112	0,87%	Hisse senetleri
TUDOR INVESTMENT CORP ET AL	$16.439	58.128	0,82%	Alım opsiyonu
IEQ CAPITAL, LLC	$12.567	44.438	0,63%	Hisse senetleri
D. E. Shaw & Co., Inc.	$11.114	39.300	0,56%	Alım opsiyonu
CITADEL ADVISORS LLC	$9.078	32.100	0,46%	Hisse senetleri
JPMORGAN CHASE & CO	$8.576	26.157	0,43%	Hisse senetleri
LPL Financial LLC	$7.126	25.203	0,36%	Hisse senetleri
TWO SIGMA SECURITIES, LLC	$6.724	23.777	0,34%	Hisse senetleri
Susquehanna Portfolio Strategies, LLC	$6.717	23.751	0,34%	Hisse senetleri
Squarepoint Ops LLC	$6.384	22.575	0,32%	Hisse senetleri
SUSQUEHANNA INTERNATIONAL GROUP, LLP	$5.945	21.022	0,30%	Hisse senetleri
Balyasny Asset Management L.P.	$5.921	20.938	0,30%	Hisse senetleri
Amundi	$5.308	18.770	0,27%	Hisse senetleri
GROUP ONE TRADING LLC	$4.915	17.381	0,25%	Hisse senetleri
SIGNATUREFD, LLC	$4.852	17.158	0,24%	Hisse senetleri
Kultura Capital Management LP	$4.619	16.333	0,23%	Hisse senetleri
UBS Group AG	$4.271	15.090	0,21%	Hisse senetleri
NWAM LLC	$4.152	14.683	0,21%	Hisse senetleri
Prentice Capital Management, LP	$3.668	12.970	0,18%	Hisse senetleri
JANUS HENDERSON GROUP PLC	$3.282	13.235	0,16%	Hisse senetleri
Universal- Beteiligungs- und Servicegesellschaft mbH	$3.235	11.440	0,16%	Hisse senetleri
CAPSTONE INVESTMENT ADVISORS, LLC	$2.951	10.435	0,15%	Hisse senetleri
Legal & General Group Plc	$1.937	6.849	0,10%	Hisse senetleri
KLP KAPITALFORVALTNING AS	$1.781	6.296	0,09%	Hisse senetleri
INTACT INVESTMENT MANAGEMENT INC.	$1.644	5.814	0,08%	Hisse senetleri
Qube Research & Technologies Ltd	$1.506	5.327	0,08%	Hisse senetleri
AlphaCore Capital LLC	$1.395	4.932	0,07%	Hisse senetleri
Wilmington Savings Fund Society, FSB	$1.315	4.649	0,07%	Hisse senetleri
Zurcher Kantonalbank (Zurich Cantonalbank)	$1.243	4.394	0,06%	Hisse senetleri
BlackRock, Inc.	$1.238	4.376	0,06%	Hisse senetleri
BANK OF MONTREAL /CAN/	$1.040	3.680	0,05%	Hisse senetleri
ROYAL BANK OF CANADA	$1.000	2.090	0,05%	Hisse senetleri
OSAIC HOLDINGS, INC.	$622	2.351	0,03%	Hisse senetleri
Activest Wealth Management	$521	1.843	0,03%	Hisse senetleri
Marathon Trading Investment Management LLC	$501	1.773	0,03%	Hisse senetleri

Tüm 133 kurumsal sahibi göster →

Metriklerim Kişisel izleme listeniz — Tam Temeller'den seçilen satırlar

Sizin için önemli olan metrikleri seçin — Yukarıdaki Tam Temeller bölümündeki herhangi bir satırın yanındaki + işaretine tıklayın.

Seçiminiz kaydedildi ve tüm hisse senetlerinde sizinle birlikte gelir.

Kaynak: SEC 10-K dosyalandı Şub 19, 2026