In this article, a hyperelastic formulation for light and compliant foams which accounts for nonlinear effects at material and kinematic levels is introduced. This theory is applicable to a large number of 2- and 3-D irregular open-cell structures. An expression for the strain-energy function is proposed which includes bending and stretching contributions. Although this description allows for irregularity in the structure at local or cell level, it also assumes that the macro structure is homogeneous, i.e. built by repetition of the same irregular unit cell. This micromechanical formulation has explicit correlation with the foam structure, and therefore it preserves in the constitutive relation the symmetries or directional properties of the corresponding structures, including the cases of re-entrant foams which exhibit negative Poisson’s ratio effects. Due to the introduction of nonlinear kinematics, the evolution of the structure during the loading process and its effects on the constitutive behavior can be traced, including the cases where configurational transformations are present leading to non-convex strain-energy functions. Several examples of the stress–strain behavior for arbitrary large homogeneous deformations in a diamond-like structure are presented. The effect of the structure reorientation on the transition of local deformation mechanisms is clearly shown. The development of texture and anisotropy induced by the deformation process is also demonstrated. Finally, the role of the deformation mechanisms on the relation between foam stiffness and foam density is analyzed.