Revenue segments as reported by the company.

Service

Product

Real estate services

Rentals

Mortgage

Other

Corporate overhead

Revenue Segments

Gross Profit, Operating Income, and Net Income as a percentage of Revenue

Gross Margin

Operating Margin

Profit Margin

Margins

An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

Technology & Development

Marketing

Restructuring and reorganization

Operating Expenses

Year over year growth in Revenue and Operating Expenses.

Revenue Y/Y

OpEx Y/Y

Growth

Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

Outstanding Shares

Market Cap

Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

Revenue Multiple

Redfin

Redfin Corp. provides real estate brokerage services. The firm engages in buying and selling homes. It operates through the following segments: Real Estate Services and Properties. The Real Estate Services segment consists of revenue transactions. The Properties segment consists of home purchase costs, capitalized improvements, selling expenses and home maintenance expenses. The company was founded by David Selinger, David Eraker, and Michael Dougherty in 2004 and is headquartered in Seattle, WA.

Earnings data Q1 2021

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Earnings data Q4 2021

Earnings data Q1 2022

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Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

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Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Redfin surpasses revenue expectations, eyes digital growth for profitability

Redfin's Q4 2022 performance exceeded revenue expectations and showcased financial stability. The company is strategically shifting towards higher-margin revenues and focusing on digital businesses for growth.
While facing challenges such as market share loss and increased expenses, Redfin is leveraging opportunities in high-margin digital revenue and repeat customer sales. The company's emphasis on partner agents and cost control strategies bodes well for future profitability.
Overall, Redfin's hybrid model, emphasis on digital growth, and commitment to enhancing customer experience position it for positive adjusted EBITDA in 2023 and net income in 2024.

Redfin exceeds Q1 revenue expectations, focuses on regaining market share

Redfin's Q1 performance exceeded expectations, with a focus on regaining market share and improving profitability. The company faces challenges in declining revenue and fierce competition in the mortgage market. However, opportunities exist in creating demand through innovative pricing and targeting luxury buyers.

Redfin reports revenue growth and partnerships driving future profitability

Redfin's Q2 2023 performance showed revenue growth and improved margins.
While facing market share challenges, Redfin's strategic partnerships and tech investments offer growth potential.
Opportunities lie in achieving profitability, enhancing customer experience, and expanding market share.

Redfin reports resilient Q3 earnings, eyes growth through digital strategies

Redfin's Q3 2023 performance showcased resilience, profitability, and strategic capital raising amidst market challenges.
Strengths in market share gains, digital strategies, and agent recruitment initiatives position Redfin for growth.
Challenges include achieving EBITDA breakeven, managing costs, and executing expansion plans effectively.
Opportunities in market expansion, agent recruitment, and digital business growth offer avenues for future success.

Redfin reports Q4 mixed results, eyes growth in mortgages and digital margins

Redfin's Q4 performance showed mixed results with revenue growth but net loss. Strengths lie in visitor growth, AI integration, and improving mortgage attach rates. Challenges include potential rate drops and long-term housing supply issues. Opportunities exist in revenue growth, EBITDA breakeven, and mortgage business expansion.

Redfin reports robust Q2 earnings, eyes growth amid challenges

Redfin delivered a strong performance in Q2, exceeding revenue expectations and showcasing profitability improvements.
While facing challenges in margin management and recruitment, Redfin's focus on efficiency and digital transformation bodes well for the future.
Opportunities lie in expanding Rental segment growth, optimizing Redfin Next, and exploring new revenue streams.
Overall, Redfin's strategic initiatives position the company for continued success amidst market uncertainties.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Redfin Corp. engages in the management of an online real estate marketplace and provision of real estate services. It operates through the following segments: Real Estate Services, Rentals, Mortgage, Other, and Corporate Overhead. The company was founded by David Selinger, David Eraker, and Michael Dougherty in October 2002 and is headquartered in Seattle, WA.

Crown Castle International

EPR Properties

The United States housing market is heading into its busiest season, with several real estate stocks poised to gain from falling mortgage rates. With investors anticipating the Fed to cut rates later this year, the sector could pick up activity.

Mortgage Rate Meltdown: 3 Real Estate Stocks Poised to Prosper

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) —The median U.S. monthly housing payment was $2,686 during the four weeks ending March 10, just $30 shy of last October's all-time high, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That's due to a combination of still-high mortgage rates and rising prices. While mortgage rates came down slightly this past week after increasing for four straight weeks, they're still near 7%, and sale prices are up 5% y.

Redfin Report: Listings Surge, Luring Some Buyers Off the Fence, But Near-Record Housing Costs Price Others Out

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Redfin expanded its Sign & Save program to more than a dozen additional markets today, including Chicago, Los Angeles, Philadelphia, San Diego and San Francisco. With Sign & Save, homebuyers who sign up to work with a Redfin agent before the second tour can get a refund of 0.25 - 0.5% of the purchase price at closing. “With Sign & Save, Redfin is giving consumers a better deal in real estate,” said Jason Aleem, Redfin's senior vice presiden.

Redfin Expands ‘Sign & Save' Program Nationwide

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) —The median U.S. asking rent rose 2.2% year over year to $1,981 in February, the largest gain since January 2023, and increased 0.9% from a month earlier. That's according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Asking rents hit a low point last February, which is one reason for the sizable year-over-year increase this February. Mortgage rates were also likely at play. “Mortgage rates ticked back up in Febr.

Redfin Reports Asking Rents Climb 2% in February, Biggest Gain in Over a Year

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — More than half (53.2%) of U.S. homeowners and renters say housing affordability is impacting who they plan to vote for in the upcoming presidential election. That's according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. The findings are from a Redfin-commissioned survey conducted by Qualtrics in February 2024. The nationally representative survey was fielded to roughly 3,000 U.S. homeowners and renters. “Housi.

Redfin Survey: Majority of U.S. Homeowners and Renters Say Housing Affordability Affects Their Pick for President

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Today Redfin (redfin.com) announced the beta launch of Ask Redfin, a generative AI-powered virtual assistant that quickly answers homebuyers' questions about for-sale homes. House hunters can now use Ask Redfin to learn about a listing, such as whether there's an upcoming open house, monthly homeowners association fees, what school district the home is in and much more. Anyone searching via the Redfin iPhone app in the U.S. can opt in to the Ask Redfin.

Introducing Ask Redfin, an AI-Powered Tool to Quickly Answer Questions About For-Sale Homes

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) —New listings rose 13% from a year earlier nationwide during the four weeks ending March 3, the biggest increase in nearly three years, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. The boost in new listings helped bring the total number of homes for sale up 1.7%. Following eight months of declines, February is the first month the number of homes for sale has increased on an annual basis. This week's pr.

Redfin Reports Supply Ticked Up in February for First Time in 8 Months

The real estate market has been awful, and this technology company has suffered.

This Disruptive Company Dropped After Earnings but Could Be a Massive Winner for Patient Investors

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In spite of market volatility, great deals can still be uncovered by those willing to seek them out. The lion's share of online brokers have done away with minimum deposit requirements and commission fees on common stock trades.

3 No-Brainer Stocks to Buy With $10 Right Now

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) —Just one-third (33%) of Black millennials own their home, compared to two-thirds (65%) of white millennials, according to a new analysis from Redfin (redfin.com), the technology-powered real estate brokerage. That's the largest gap of any generation, but Black Americans are much less likely to own their home than white Americans at every age. White adult Gen Zers are nearly twice as likely as Black adult Gen Zers to own their home, with respective homeo.

Redfin Analysis: Black Millennials Are Half As Likely to Own a Home As White Millennials

Redfin has one of America's largest real estate brokerages. The housing market is struggling right now due to the rapid rise in interest rates since mid-2022.

1 Superb Stock to Buy Hand Over Fist in 2024, Despite Its 92% Plunge

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) —New listings of U.S. homes for sale rose 13% year over year during the four weeks ending February 25, the biggest increase in nearly three years, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Total inventory is also improving: Active listings are flat from a year ago, marking the first time in nine months the total number of homes for sale hasn't declined. That's welcome news for homebuyers, who have b.

Redfin Report: New Listings Post Biggest Uptick In Nearly 3 Years, But Buyers Show Restraint as Rates Rise

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — The U.S. housing market gained $2.4 trillion over the last year, bringing its total value to $47.5 trillion, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That's based on an analysis of the Redfin Estimate for more than 90 million U.S. residential properties as of December 2023. In percentage terms, the total value of U.S. homes increased 5.3% from a year earlier in December, the biggest increase in 1.

Redfin Reports the U.S. Housing Market Gained $2 Trillion in Value Over the Last Year

Redfin Corporation (RDFN) Q4 2023 Earnings Call Transcript

The headline numbers for Redfin (RDFN) give insight into how the company performed in the quarter ended December 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Compared to Estimates, Redfin (RDFN) Q4 Earnings: A Look at Key Metrics

Redfin (RDFN) came out with a quarterly loss of $0.20 per share versus the Zacks Consensus Estimate of a loss of $0.21. This compares to loss of $0.83 per share a year ago.

Redfin (RDFN) Reports Q4 Loss, Misses Revenue Estimates

Redfin shares were down more than 2% in after-hours trading after the company reported its fourth quarter earnings.

Redfin trims losses in Q4 as it navigates ‘dreadful' housing market

SEATTLE--(BUSINESS WIRE)--Redfin Corporation (NASDAQ: RDFN) today announced results for its fourth quarter and full year ended December 31, 2023. Fourth Quarter 2023 Fourth quarter revenue was $218.1 million, a decrease of 2% compared to the fourth quarter of 2022. Gross profit was $73.2 million, an increase of 32% year-over-year. Real estate services gross profit was $29.9 million, an increase of 14% year-over-year, and real estate services gross margin was 22.5%, compared to 18.0% in the four.

Redfin Reports Fourth Quarter and Full Year 2023 Financial Results

Get a deeper insight into the potential performance of Redfin (RDFN) for the quarter ended December 2023 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.

Exploring Analyst Estimates for Redfin (RDFN) Q4 Earnings, Beyond Revenue and EPS

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Prices of condos in major Florida metros are dropping year over year, and sales are declining, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. New condo listings are soaring as sellers try to offload their properties. That differs from the U.S. as a whole, where condo prices are rising, sales are holding steady and new listings are increasing at a much slower rate. In the Jacksonville metro, for instanc.

Redfin Reports Florida's Condo Prices Are Falling As Cost of Insurance and HOA Fees Skyrocket

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) —New listings rose 10% year over year during the four weeks ending February 18, the biggest increase in two months, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Sellers are hoping to take advantage of high prices: Sale prices are up 6% year over year, the biggest increase since October 2022. But many buyers are still sitting on the sidelines. Mortgage-purchase applications dropped 10% from a week earli.

Redfin Report: More Homes Hit the Market as Spring Approaches, But 7% Mortgage Rates Keep Buyers on the Sidelines

SoFi Technologies

You don't have to spend a lot of cash to buy quality stocks. Relatively small amounts can turn into large sums over time.

2 No-Brainer Stocks to Buy Right Now for Less Than $20

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) —U.S. home prices climbed 0.5% from a month earlier in January, matching the 0.5% gain seen in both December and November, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. On a year-over-year basis, prices rose 6.7%—the largest increase in a year. This is according to the January Redfin Home Price Index (RHPI), covering the three months ending Jan. 31, 2024. Read the full RHPI methodology here. “Price grow.

Redfin Home Price Index: Price Growth Holds Steady at Start of the Year

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Rewind a few weeks ago and the general consensus was much more optimistic regarding potential rate Cuts in March. then the Federal Reserve all but shut down that notion after unanimously voting to leave rates on changed at their early February meeting.

3 Stocks to Sell for Shifting Interest Rate Expectations

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — New listings dropped 1.2% month over month on a seasonally adjusted basis, the first decline since June, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. They were up 2.7% from a year earlier, but that marks a deceleration from December's 4.2% gain. Active listings (the total number of homes for sale) fell 0.3% from a month earlier on a seasonally adjusted basis—the first decline in six months—and were d.

News for Redfin Stock (RDFN)