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Opendoor Technologies Inc.（OPEN）与Reddit, Inc.（RDDT）财务数据对比。点击上方公司名可切换其他公司
Opendoor Technologies Inc.的季度营收约是Reddit, Inc.的1.1倍（$736.0M vs $663.0M），Reddit, Inc.净利率更高（30.8% vs -148.9%，领先179.7%），Reddit, Inc.同比增速更快（69.0% vs -32.1%），Reddit, Inc.自由现金流更多（$311.0M vs $67.0M），过去两年Reddit, Inc.的营收复合增速更高（53.6% vs -21.1%）
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。
Reddit是美国知名的社交新闻聚合与论坛类社交媒体平台，注册用户可发布链接、文字帖、图片、视频等各类内容，其他用户可对内容进行点赞或点踩，内容按主题归类到用户创建的子板块中，获赞更高的内容会排在板块前列，热度足够的内容还将展示在全站首页。
OPEN vs RDDT — 直观对比
营收规模更大
OPEN
是对方的1.1倍
$663.0M
营收增速更快
RDDT
高出101.1%
-32.1%
净利率更高
RDDT
高出179.7%
-148.9%
自由现金流更多
RDDT
多$244.0M
$67.0M
两年增速更快
RDDT
近两年复合增速
-21.1%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $736.0M | $663.0M |
| 净利润 | $-1.1B | $204.0M |
| 毛利率 | 7.7% | 100.0% |
| 营业利润率 | -20.4% | 0.0% |
| 净利率 | -148.9% | 30.8% |
| 营收同比 | -32.1% | 69.0% |
| 净利润同比 | -869.9% | 680.0% |
| 每股收益（稀释后） | $-1.42 | $1.01 |
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
营收OPENRDDT
| Q1 26 | — | $663.0M | ||
| Q4 25 | $736.0M | $725.6M | ||
| Q3 25 | $915.0M | $584.9M | ||
| Q2 25 | $1.6B | $499.6M | ||
| Q1 25 | $1.2B | $392.4M | ||
| Q4 24 | $1.1B | $427.7M | ||
| Q3 24 | $1.4B | $348.4M | ||
| Q2 24 | $1.5B | $281.2M |
净利润OPENRDDT
| Q1 26 | — | $204.0M | ||
| Q4 25 | $-1.1B | $251.6M | ||
| Q3 25 | $-90.0M | $162.7M | ||
| Q2 25 | $-29.0M | $89.3M | ||
| Q1 25 | $-85.0M | $26.2M | ||
| Q4 24 | $-113.0M | $71.0M | ||
| Q3 24 | $-78.0M | $29.9M | ||
| Q2 24 | $-92.0M | $-10.1M |
毛利率OPENRDDT
| Q1 26 | — | 100.0% | ||
| Q4 25 | 7.7% | 91.9% | ||
| Q3 25 | 7.2% | 91.0% | ||
| Q2 25 | 8.2% | 90.8% | ||
| Q1 25 | 8.6% | 90.5% | ||
| Q4 24 | 7.8% | 92.6% | ||
| Q3 24 | 7.6% | 90.1% | ||
| Q2 24 | 8.5% | 89.5% |
营业利润率OPENRDDT
| Q1 26 | — | 0.0% | ||
| Q4 25 | -20.4% | 31.9% | ||
| Q3 25 | -7.4% | 23.7% | ||
| Q2 25 | -0.8% | 13.6% | ||
| Q1 25 | -4.9% | 1.0% | ||
| Q4 24 | -8.7% | 12.4% | ||
| Q3 24 | -4.9% | 2.0% | ||
| Q2 24 | -4.8% | -11.0% |
净利率OPENRDDT
| Q1 26 | — | 30.8% | ||
| Q4 25 | -148.9% | 34.7% | ||
| Q3 25 | -9.8% | 27.8% | ||
| Q2 25 | -1.9% | 17.9% | ||
| Q1 25 | -7.4% | 6.7% | ||
| Q4 24 | -10.4% | 16.6% | ||
| Q3 24 | -5.7% | 8.6% | ||
| Q2 24 | -6.1% | -3.6% |
每股收益（稀释后）OPENRDDT
| Q1 26 | — | $1.01 | ||
| Q4 25 | $-1.42 | $1.24 | ||
| Q3 25 | $-0.12 | $0.80 | ||
| Q2 25 | $-0.04 | $0.45 | ||
| Q1 25 | $-0.12 | $0.13 | ||
| Q4 24 | $-0.16 | $4.76 | ||
| Q3 24 | $-0.11 | $0.16 | ||
| Q2 24 | $-0.13 | $-0.06 |
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 | $962.0M | $1.4B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.0B | $3.2B |
| 总资产 | $2.4B | $3.5B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资OPENRDDT
| Q1 26 | — | $1.4B | ||
| Q4 25 | $962.0M | $953.6M | ||
| Q3 25 | $962.0M | $911.7M | ||
| Q2 25 | $789.0M | $734.1M | ||
| Q1 25 | $559.0M | $635.7M | ||
| Q4 24 | $679.0M | $562.1M | ||
| Q3 24 | $837.0M | $515.9M | ||
| Q2 24 | $809.0M | $468.0M |
股东权益OPENRDDT
| Q1 26 | — | $3.2B | ||
| Q4 25 | $1.0B | $2.9B | ||
| Q3 25 | $811.0M | $2.6B | ||
| Q2 25 | $631.0M | $2.4B | ||
| Q1 25 | $645.0M | $2.2B | ||
| Q4 24 | $713.0M | $2.1B | ||
| Q3 24 | $801.0M | $2.0B | ||
| Q2 24 | $845.0M | $1.9B |
总资产OPENRDDT
| Q1 26 | — | $3.5B | ||
| Q4 25 | $2.4B | $3.2B | ||
| Q3 25 | $2.7B | $2.9B | ||
| Q2 25 | $2.9B | $2.6B | ||
| Q1 25 | $3.3B | $2.4B | ||
| Q4 24 | $3.1B | $2.3B | ||
| Q3 24 | $3.4B | $2.2B | ||
| Q2 24 | $3.4B | $2.1B |
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 | $70.0M | — |
| 自由现金流经营现金流 - 资本支出 | $67.0M | $311.0M |
| 自由现金流率自由现金流/营收 | 9.1% | 46.9% |
| 资本支出强度资本支出/营收 | 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 | $1.0B | $868.6M |
8季度趋势，按日历期对齐
经营现金流OPENRDDT
| Q1 26 | — | — | ||
| Q4 25 | $70.0M | $266.8M | ||
| Q3 25 | $435.0M | $185.2M | ||
| Q2 25 | $823.0M | $111.3M | ||
| Q1 25 | $-279.0M | $127.6M | ||
| Q4 24 | $-80.0M | $90.0M | ||
| Q3 24 | $62.0M | $71.6M | ||
| Q2 24 | $-399.0M | $28.4M |
自由现金流OPENRDDT
| Q1 26 | — | $311.0M | ||
| Q4 25 | $67.0M | $263.6M | ||
| Q3 25 | $432.0M | $183.1M | ||
| Q2 25 | $821.0M | $110.8M | ||
| Q1 25 | $-283.0M | $126.6M | ||
| Q4 24 | $-83.0M | $89.2M | ||
| Q3 24 | $56.0M | $70.3M | ||
| Q2 24 | $-407.0M | $27.2M |
自由现金流率OPENRDDT
| Q1 26 | — | 46.9% | ||
| Q4 25 | 9.1% | 36.3% | ||
| Q3 25 | 47.2% | 31.3% | ||
| Q2 25 | 52.4% | 22.2% | ||
| Q1 25 | -24.5% | 32.3% | ||
| Q4 24 | -7.7% | 20.8% | ||
| Q3 24 | 4.1% | 20.2% | ||
| Q2 24 | -26.9% | 9.7% |
资本支出强度OPENRDDT
| Q1 26 | — | — | ||
| Q4 25 | 0.4% | 0.4% | ||
| Q3 25 | 0.3% | 0.4% | ||
| Q2 25 | 0.1% | 0.1% | ||
| Q1 25 | 0.3% | 0.2% | ||
| Q4 24 | 0.3% | 0.2% | ||
| Q3 24 | 0.4% | 0.4% | ||
| Q2 24 | 0.5% | 0.4% |
现金转化率OPENRDDT
| Q1 26 | — | — | ||
| Q4 25 | — | 1.06× | ||
| Q3 25 | — | 1.14× | ||
| Q2 25 | — | 1.25× | ||
| Q1 25 | — | 4.88× | ||
| Q4 24 | — | 1.27× | ||
| Q3 24 | — | 2.40× | ||
| Q2 24 | — | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
