vs

Side-by-side financial comparison of Opendoor Technologies Inc. (OPEN) and Red Rock Resorts, Inc. (RRR). Click either name above to swap in a different company.

Opendoor Technologies Inc. is the larger business by last-quarter revenue ($736.0M vs $507.3M, roughly 1.5× Red Rock Resorts, Inc.). Red Rock Resorts, Inc. runs the higher net margin — 16.3% vs -148.9%, a 165.2% gap on every dollar of revenue. On growth, Red Rock Resorts, Inc. posted the faster year-over-year revenue change (1.9% vs -32.1%). Over the past eight quarters, Red Rock Resorts, Inc.'s revenue compounded faster (2.1% CAGR vs -21.1%).

Opendoor Technologies Inc. is an online company that buys and sells residential real estate. Headquartered in San Francisco, it makes instant cash offers on homes through an online process, makes repairs on the properties it purchases and re-lists them for sale. It also provides mobile application-based home buying services along with financing. As of November 2021, the company operates in 44 markets in the US.

Wynn Resorts, Limited is an American publicly traded corporation based in Paradise, Nevada, that is a developer and operator of high-end hotels and casinos. It was founded in 2002 by former Mirage Resorts Chairman and CEO Steve Wynn and is now run by CEO Craig Billings. As of 2020, the company has developed six properties.

OPEN vs RRR — Head-to-Head

Bigger by revenue
OPEN
OPEN
1.5× larger
OPEN
$736.0M
$507.3M
RRR
Growing faster (revenue YoY)
RRR
RRR
+34.0% gap
RRR
1.9%
-32.1%
OPEN
Higher net margin
RRR
RRR
165.2% more per $
RRR
16.3%
-148.9%
OPEN
Faster 2-yr revenue CAGR
RRR
RRR
Annualised
RRR
2.1%
-21.1%
OPEN

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
OPEN
OPEN
RRR
RRR
Revenue
$736.0M
$507.3M
Net Profit
$-1.1B
$82.7M
Gross Margin
7.7%
Operating Margin
-20.4%
28.3%
Net Margin
-148.9%
16.3%
Revenue YoY
-32.1%
1.9%
Net Profit YoY
-869.9%
-3.8%
EPS (diluted)
$-1.42
$0.73

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
OPEN
OPEN
RRR
RRR
Q1 26
$507.3M
Q4 25
$736.0M
$511.8M
Q3 25
$915.0M
$475.6M
Q2 25
$1.6B
$526.3M
Q1 25
$1.2B
$497.9M
Q4 24
$1.1B
$495.7M
Q3 24
$1.4B
$468.0M
Q2 24
$1.5B
$486.4M
Net Profit
OPEN
OPEN
RRR
RRR
Q1 26
$82.7M
Q4 25
$-1.1B
$44.7M
Q3 25
$-90.0M
$42.3M
Q2 25
$-29.0M
$56.4M
Q1 25
$-85.0M
$44.7M
Q4 24
$-113.0M
$46.6M
Q3 24
$-78.0M
$29.0M
Q2 24
$-92.0M
$35.7M
Gross Margin
OPEN
OPEN
RRR
RRR
Q1 26
Q4 25
7.7%
Q3 25
7.2%
Q2 25
8.2%
Q1 25
8.6%
Q4 24
7.8%
Q3 24
7.6%
Q2 24
8.5%
Operating Margin
OPEN
OPEN
RRR
RRR
Q1 26
28.3%
Q4 25
-20.4%
28.1%
Q3 25
-7.4%
27.6%
Q2 25
-0.8%
31.9%
Q1 25
-4.9%
31.0%
Q4 24
-8.7%
28.7%
Q3 24
-4.9%
27.9%
Q2 24
-4.8%
28.8%
Net Margin
OPEN
OPEN
RRR
RRR
Q1 26
16.3%
Q4 25
-148.9%
8.7%
Q3 25
-9.8%
8.9%
Q2 25
-1.9%
10.7%
Q1 25
-7.4%
9.0%
Q4 24
-10.4%
9.4%
Q3 24
-5.7%
6.2%
Q2 24
-6.1%
7.3%
EPS (diluted)
OPEN
OPEN
RRR
RRR
Q1 26
$0.73
Q4 25
$-1.42
$0.74
Q3 25
$-0.12
$0.68
Q2 25
$-0.04
$0.95
Q1 25
$-0.12
$0.75
Q4 24
$-0.16
$0.78
Q3 24
$-0.11
$0.48
Q2 24
$-0.13
$0.59

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
OPEN
OPEN
RRR
RRR
Cash + ST InvestmentsLiquidity on hand
$962.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.0B
Total Assets
$2.4B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
OPEN
OPEN
RRR
RRR
Q1 26
Q4 25
$962.0M
$142.5M
Q3 25
$962.0M
$129.8M
Q2 25
$789.0M
$145.2M
Q1 25
$559.0M
$150.6M
Q4 24
$679.0M
$164.4M
Q3 24
$837.0M
$117.5M
Q2 24
$809.0M
$136.4M
Total Debt
OPEN
OPEN
RRR
RRR
Q1 26
Q4 25
$3.4B
Q3 25
Q2 25
Q1 25
Q4 24
$3.4B
Q3 24
Q2 24
Stockholders' Equity
OPEN
OPEN
RRR
RRR
Q1 26
Q4 25
$1.0B
$208.3M
Q3 25
$811.0M
$219.6M
Q2 25
$631.0M
$203.4M
Q1 25
$645.0M
$247.1M
Q4 24
$713.0M
$215.1M
Q3 24
$801.0M
$175.5M
Q2 24
$845.0M
$159.0M
Total Assets
OPEN
OPEN
RRR
RRR
Q1 26
Q4 25
$2.4B
$4.2B
Q3 25
$2.7B
$4.1B
Q2 25
$2.9B
$4.0B
Q1 25
$3.3B
$4.1B
Q4 24
$3.1B
$4.0B
Q3 24
$3.4B
$4.0B
Q2 24
$3.4B
$4.0B
Debt / Equity
OPEN
OPEN
RRR
RRR
Q1 26
Q4 25
16.30×
Q3 25
Q2 25
Q1 25
Q4 24
15.84×
Q3 24
Q2 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
OPEN
OPEN
RRR
RRR
Operating Cash FlowLast quarter
$70.0M
Free Cash FlowOCF − Capex
$67.0M
FCF MarginFCF / Revenue
9.1%
Capex IntensityCapex / Revenue
0.4%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$1.0B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
OPEN
OPEN
RRR
RRR
Q1 26
Q4 25
$70.0M
$156.6M
Q3 25
$435.0M
$168.3M
Q2 25
$823.0M
$158.4M
Q1 25
$-279.0M
$126.2M
Q4 24
$-80.0M
$148.2M
Q3 24
$62.0M
$131.0M
Q2 24
$-399.0M
$142.5M
Free Cash Flow
OPEN
OPEN
RRR
RRR
Q1 26
Q4 25
$67.0M
$77.7M
Q3 25
$432.0M
$74.6M
Q2 25
$821.0M
$80.3M
Q1 25
$-283.0M
$58.0M
Q4 24
$-83.0M
$121.4M
Q3 24
$56.0M
$50.7M
Q2 24
$-407.0M
$64.0M
FCF Margin
OPEN
OPEN
RRR
RRR
Q1 26
Q4 25
9.1%
15.2%
Q3 25
47.2%
15.7%
Q2 25
52.4%
15.3%
Q1 25
-24.5%
11.6%
Q4 24
-7.7%
24.5%
Q3 24
4.1%
10.8%
Q2 24
-26.9%
13.1%
Capex Intensity
OPEN
OPEN
RRR
RRR
Q1 26
Q4 25
0.4%
15.4%
Q3 25
0.3%
19.7%
Q2 25
0.1%
14.9%
Q1 25
0.3%
13.7%
Q4 24
0.3%
5.4%
Q3 24
0.4%
17.2%
Q2 24
0.5%
16.2%
Cash Conversion
OPEN
OPEN
RRR
RRR
Q1 26
Q4 25
3.51×
Q3 25
3.98×
Q2 25
2.81×
Q1 25
2.82×
Q4 24
3.18×
Q3 24
4.53×
Q2 24
4.00×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

OPEN
OPEN

Segment breakdown not available.

RRR
RRR

Casino$340.5M67%
Food and beverage$90.3M18%
Room$45.5M9%
Other$26.2M5%
Native American management and development fees$4.7M1%

Related Comparisons