OPNDF (Open Door) Operating Income: $-0.33 Mil (TTM As of Mar. 2026)

What is Open Door Operating Income?

Open Door OPNDF +5.26% 82 Operating Income is $-0.33 Mil as of Mar. 2026. GuruFocus rates OPNDF with a GF Score™ of 82/100 and a GF Value™ of $3.89 (Significantly Undervalued). The stock has 2 warning signs investors should review.

Open Door's Operating Income for the three months ended in Mar. 2026 was $0.31 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was $-0.33 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Open Door's Operating Income for the three months ended in Mar. 2026 was $0.31 Mil. Open Door's Revenue for the three months ended in Mar. 2026 was $3.96 Mil. Therefore, Open Door's Operating Margin % for the quarter that ended in Mar. 2026 was 7.75%.

Good Sign:

Open Door Inc operating margin is expanding. Margin expansion is usually a good sign.

Open Door's 5-Year average Growth Rate for Operating Margin % was 50.70% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Open Door's annualized ROC % for the quarter that ended in Mar. 2026 was 11.02%. Open Door's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 253.20%.

Open Door (OTCPK:OPNDF) Operating Income Explanation

1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Open Door's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

	ROC % (Q: Mar. 2026 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2025 )	+	Invested Capital (Q: Mar. 2026 ))	/ count )
=	1.228 * ( 1 - 0% )	/	( (11.22	+	11.068)	/ 2 )
=	1.228	/	11.144
=	11.02 %

where

	Invested Capital		(Q: Dec. 2025 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	25.989	-	0.99	-	( 13.779	-	max(0, 3.176	-	17.19	+	13.779	))
=	11.22

	Invested Capital		(Q: Mar. 2026 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	25.617	-	1.051	-	( 13.498	-	max(0, 3.433	-	17.323	+	13.498	))
=	11.068

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Open Door's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Mar. 2026 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2025		Q: Mar. 2026
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	1.228	/	( ( (0.343 + max(0.235, 0))	+	(0 + max(0.392, 0)) )	/	2 )
=	1.228	/	( ( 0.578	+	0.392 )	/	2 )
=	1.228	/	0.485
=	253.20 %

where Working Capital is:

	Working Capital		(Q: Dec. 2025 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(2.448	+	0	+	0.963)	-	(0.99	+	0	+	2.186)
=	0.235

	Working Capital		(Q: Mar. 2026 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(3.017	+	0	+	0.808)	-	(1.051	+	0	+	2.382)
=	0.392

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. Operating Income is also linked to Operating Margin %:

Open Door's Operating Margin % for the quarter that ended in Mar. 2026 is calculated as:

Operating Margin %	=	Operating Income (Q: Mar. 2026 )	/	Revenue (Q: Mar. 2026 )
	=	0.307	/	3.962
	=	7.75 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.

Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.

Open Door Operating Income Related Terms

Open Door Operating Income Historical Data

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The historical data trend for Open Door's Operating Income can be seen below:

Open Door Operating Income Chart

Open Door Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Mar25

Mar26

Operating Income

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-5.51

-0.39

-1.21

-0.69

-0.29

Open Door Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
Operating Income	Get a 7-Day Free Trial															-0.32	-0.50	-0.01	-0.13	0.31

82GF Score

Open Door Inc OPNDF

Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.

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Open Door Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.33 Mil.

Frequently Asked Questions Learn more about Operating Income →

What does a Operating Income of $-0.33 Mil mean?

Open Door (OPNDF) has a Operating Income of $-0.33 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Open Door and its competitors.

Is Open Door's Operating Income too high?

Open Door's current Operating Income is $-0.33 Mil. Overall, Open Door has a GF Score™ of 82/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.

How does Open Door's Operating Income compare to GOOGL and META?

Open Door's Operating Income of $-0.33 Mil can be compared against companies in the Interactive Media industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Operating Income for an Interactive Media company?

A good Operating Income depends on the Interactive Media industry context. However, Operating Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high Operating Income mean?

A high Operating Income can signal that a stock is expensive relative to its fundamentals. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Open Door and its competitors. Open Door's current Operating Income is $-0.33 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Open Door stock overvalued right now?

Based on GuruFocus' analysis, Open Door (OPNDF) is currently considered Significantly Undervalued. The stock's GF Value™ is $3.89, compared to a current price of $2.00 — trading 48.6% below its estimated fair value. The current Operating Income is $-0.33 Mil. Open Door's overall GF Score™ is 82/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Operating Income calculated?

Operating Income is calculated from a company's financial statements. For Open Door (OPNDF), the current Operating Income is $-0.33 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Open Door (OPNDF) Overvalued in 2026?

Based on GuruFocus' analysis, Open Door stock appears to be undervalued. The current stock price of $2.00 is trading 48.6% below its estimated GF Value™ of $3.89. GuruFocus considers Open Door to be Significantly Undervalued.

Key valuation signals for OPNDF:

Operating Income: $-0.33 Mil
GF Value™: $3.89 vs. price of $2.00 (48.6% below fair value)
GF Score™: 82/100 with 2 warning signs

No single metric tells the full story. See the OPNDF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Open Door Business Description

Industry Communication Services Interactive Media

Comparable Companies TSE:3991 TSE:4644 TSE:9245 TSE:2193 TSE:5570 TSE:5034 TSE:415A TSE:6562 TSE:2489 TSE:6180 GOOGL META HKSE:00700 TSE:6098 SPOT NBIS BIDU RDDT HKSE:01024 XKRX:035420

Other Exchanges 3926:Japan

Address 2-17-7 Akasaka, Akasaka Tameike Tower, 6th Floor, Minato-ku, Chikusei-cho, Tokyo, JPN, 107-0052

Website http://www.opendoor.co.jp

Open Door Inc is engaged in the planning and operation of game content for mobile phones, software development, and content delivery. It is also involved in development and provision of online systems for the internet and mobile phones. The company operates in two sites Travelko, a travel comparison site and GALLERY JAPAN, a japanese traditional art crafts site.

82GF Score

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Operating Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$2.00

Price

$3.89

GF Value

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