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eXp World Holdings, Inc.（EXPI）与Opendoor Technologies Inc.（OPEN）财务数据对比。点击上方公司名可切换其他公司
eXp World Holdings, Inc.的季度营收约是Opendoor Technologies Inc.的1.6倍（$1.2B vs $736.0M）。eXp World Holdings, Inc.净利率更高（-1.1% vs -148.9%，领先147.8%）。eXp World Holdings, Inc.同比增速更快（8.5% vs -32.1%）。Opendoor Technologies Inc.自由现金流更多（$67.0M vs $11.9M）。过去两年eXp World Holdings, Inc.的营收复合增速更高（12.4% vs -21.1%）
eXp World Holdings是全球云原生房地产服务提供商，运营eXp Realty经纪网络，依托沉浸式3D虚拟园区支持代理人协作与日常运营，业务覆盖全球20余个国家的住宅及商业地产市场，同时提供按揭贷款、产权保险、从业者职业培训等配套服务。
Opendoor Technologies Inc.是一家主营住宅房地产买卖的线上企业，总部位于旧金山。平台可通过线上流程向房主提供房屋即时现金报价，收购房产后进行修缮再重新挂牌出售，同时还提供基于移动端应用的购房服务及配套融资方案，截至2021年11月业务覆盖美国44个区域市场。
EXPI vs OPEN — 直观对比
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $736.0M |
| 净利润 | $-12.9M | $-1.1B |
| 毛利率 | — | 7.7% |
| 营业利润率 | -1.1% | -20.4% |
| 净利率 | -1.1% | -148.9% |
| 营收同比 | 8.5% | -32.1% |
| 净利润同比 | -35.7% | -869.9% |
| 每股收益（稀释后） | $-0.08 | $-1.42 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
| Q4 25 | $1.2B | $736.0M | ||
| Q3 25 | $1.3B | $915.0M | ||
| Q2 25 | $1.3B | $1.6B | ||
| Q1 25 | $954.9M | $1.2B | ||
| Q4 24 | $1.1B | $1.1B | ||
| Q3 24 | $1.2B | $1.4B | ||
| Q2 24 | $1.3B | $1.5B | ||
| Q1 24 | $943.1M | $1.2B |
| Q4 25 | $-12.9M | $-1.1B | ||
| Q3 25 | $3.5M | $-90.0M | ||
| Q2 25 | $-2.3M | $-29.0M | ||
| Q1 25 | $-11.0M | $-85.0M | ||
| Q4 24 | $-9.5M | $-113.0M | ||
| Q3 24 | $-8.5M | $-78.0M | ||
| Q2 24 | $12.4M | $-92.0M | ||
| Q1 24 | $-15.6M | $-109.0M |
| Q4 25 | — | 7.7% | ||
| Q3 25 | — | 7.2% | ||
| Q2 25 | — | 8.2% | ||
| Q1 25 | — | 8.6% | ||
| Q4 24 | — | 7.8% | ||
| Q3 24 | 99.9% | 7.6% | ||
| Q2 24 | 99.9% | 8.5% | ||
| Q1 24 | — | 9.7% |
| Q4 25 | -1.1% | -20.4% | ||
| Q3 25 | 0.3% | -7.4% | ||
| Q2 25 | -0.2% | -0.8% | ||
| Q1 25 | -1.1% | -4.9% | ||
| Q4 24 | -1.0% | -8.7% | ||
| Q3 24 | -0.7% | -4.9% | ||
| Q2 24 | 1.4% | -4.8% | ||
| Q1 24 | -1.9% | -7.4% |
| Q4 25 | -1.1% | -148.9% | ||
| Q3 25 | 0.3% | -9.8% | ||
| Q2 25 | -0.2% | -1.9% | ||
| Q1 25 | -1.2% | -7.4% | ||
| Q4 24 | -0.9% | -10.4% | ||
| Q3 24 | -0.7% | -5.7% | ||
| Q2 24 | 1.0% | -6.1% | ||
| Q1 24 | -1.7% | -9.2% |
| Q4 25 | $-0.08 | $-1.42 | ||
| Q3 25 | $0.02 | $-0.12 | ||
| Q2 25 | $-0.01 | $-0.04 | ||
| Q1 25 | $-0.07 | $-0.12 | ||
| Q4 24 | $-0.06 | $-0.16 | ||
| Q3 24 | $-0.06 | $-0.11 | ||
| Q2 24 | $0.08 | $-0.13 | ||
| Q1 24 | $-0.10 | $-0.16 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $124.2M | $962.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $242.8M | $1.0B |
| 总资产 | $442.5M | $2.4B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
| Q4 25 | $124.2M | $962.0M | ||
| Q3 25 | $112.8M | $962.0M | ||
| Q2 25 | $94.6M | $789.0M | ||
| Q1 25 | $115.7M | $559.0M | ||
| Q4 24 | $113.6M | $679.0M | ||
| Q3 24 | $130.4M | $837.0M | ||
| Q2 24 | $108.4M | $809.0M | ||
| Q1 24 | $109.2M | $990.0M |
| Q4 25 | $242.8M | $1.0B | ||
| Q3 25 | $235.3M | $811.0M | ||
| Q2 25 | $218.4M | $631.0M | ||
| Q1 25 | $212.0M | $645.0M | ||
| Q4 24 | $204.9M | $713.0M | ||
| Q3 24 | $211.1M | $801.0M | ||
| Q2 24 | $220.3M | $845.0M | ||
| Q1 24 | $222.4M | $899.0M |
| Q4 25 | $442.5M | $2.4B | ||
| Q3 25 | $458.7M | $2.7B | ||
| Q2 25 | $481.2M | $2.9B | ||
| Q1 25 | $435.8M | $3.3B | ||
| Q4 24 | $390.7M | $3.1B | ||
| Q3 24 | $432.6M | $3.4B | ||
| Q2 24 | $457.4M | $3.4B | ||
| Q1 24 | $426.7M | $3.4B |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $13.8M | $70.0M |
| 自由现金流经营现金流 - 资本支出 | $11.9M | $67.0M |
| 自由现金流率自由现金流/营收 | 1.0% | 9.1% |
| 资本支出强度资本支出/营收 | 0.2% | 0.4% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $109.0M | $1.0B |
8季度趋势，按日历期对齐
| Q4 25 | $13.8M | $70.0M | ||
| Q3 25 | $28.9M | $435.0M | ||
| Q2 25 | $36.1M | $823.0M | ||
| Q1 25 | $39.8M | $-279.0M | ||
| Q4 24 | $13.7M | $-80.0M | ||
| Q3 24 | $46.0M | $62.0M | ||
| Q2 24 | $71.1M | $-399.0M | ||
| Q1 24 | $60.7M | $-178.0M |
| Q4 25 | $11.9M | $67.0M | ||
| Q3 25 | $26.6M | $432.0M | ||
| Q2 25 | $33.3M | $821.0M | ||
| Q1 25 | $37.3M | $-283.0M | ||
| Q4 24 | $11.6M | $-83.0M | ||
| Q3 24 | $44.4M | $56.0M | ||
| Q2 24 | $69.7M | $-407.0M | ||
| Q1 24 | $59.3M | $-186.0M |
| Q4 25 | 1.0% | 9.1% | ||
| Q3 25 | 2.0% | 47.2% | ||
| Q2 25 | 2.5% | 52.4% | ||
| Q1 25 | 3.9% | -24.5% | ||
| Q4 24 | 1.1% | -7.7% | ||
| Q3 24 | 3.6% | 4.1% | ||
| Q2 24 | 5.4% | -26.9% | ||
| Q1 24 | 6.3% | -15.7% |
| Q4 25 | 0.2% | 0.4% | ||
| Q3 25 | 0.2% | 0.3% | ||
| Q2 25 | 0.2% | 0.1% | ||
| Q1 25 | 0.3% | 0.3% | ||
| Q4 24 | 0.2% | 0.3% | ||
| Q3 24 | 0.1% | 0.4% | ||
| Q2 24 | 0.1% | 0.5% | ||
| Q1 24 | 0.1% | 0.7% |
| Q4 25 | — | — | ||
| Q3 25 | 8.26× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 5.75× | — | ||
| Q1 24 | — | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
EXPI
| North American Realty | $1.1B | 96% |
| International Realty | $42.2M | 4% |
OPEN
暂无分部数据
