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

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

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.

Home Depot

Opendoor

The very sharp increase in interest rates since March 2022 has caused the number of home sales to plunge. That's because many consumers prefer to stay in their current homes.

3 Stocks Taking It on the Chin as Pending Home Sales Fall to 2001 Lows

Disney

Adding to your winners is a proven strategy for success in the stock market. After a year of cost-cutting and restructuring, Disney is ready to return to growth.

Adding $5,000 to These 2 Top Stocks Could Make You Richer in 2024 (and Beyond)

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) —Housing payments have declined for the fifth week in a row, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. The typical U.S. homebuyer's monthly mortgage payment was $2,575 during the four weeks ending November 26, down $164 from a peak of $2,739 last month but up 13% year over year. Monthly payments are falling from their peak because mortgage rates are falling from their peak. The weekly average 30-yea.

Redfin Report: Monthly Mortgage Payments Fall; New Listings Post Biggest Annual Uptick in Over 2 Years

Lemonade

The stock market is rallying and is close to entering a new bull market. Lemonade's AI models are becoming more accurate, leading to improved loss ratios and profits.

Prediction: These 2 Stocks Could Skyrocket in the Next Bull Market

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) —Nashville has made the list of top migration destinations for the first time since 2021, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. It was the ninth-most popular destination for homebuyers looking to relocate to a new metro area in October, with people most commonly moving in from Los Angeles. “A lot of Nashville locals have been priced out of homeownership, but when you're coming from somewhere lik.

Redfin Report: Nashville Lands on List of Popular Homebuyer Migration Destinations For First Time Since 2021

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Today, Redfin is releasing a new tool that measures changes in U.S. home prices called the Redfin Home Price Index (RHPI). The RHPI uses the repeat-sales pricing method to calculate how sale prices of single-family homes change over time, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. The latest RHPI data shows that prices climbed roughly 1% from September to October. How the RHPI differs from the medi.

Redfin Announces Home Price Index to Show Changes in U.S. Home Prices

The housing market can't get much worse from here, according to Redfin CEO Glenn Kelman. High mortgage rates and high prices have crushed affordability for buyers.

The housing market has hit 'rock bottom' and the sales slump will last a long time, Redfin CEO says

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) —This week has brought some hopeful news for homebuyers, with new listings posting their biggest year-over-year increase since 2021, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Declining mortgage rates are also giving buyers a bit of relief, with rates clocking in around 7.3% this week, down from 8% a month ago. Redfin is taking a break from full analysis this week, but please see the bullet points an.

Redfin Report: Buyers Have a Few Things to Be Thankful For This Week, With Listings Rising and Mortgage Rates Falling

The economic news this week featured falling U.S. inflation and lower mortgage rates. Redfin is reporting an increase in mortgage applications.

Why Redfin Stock Rocketed 30% Higher This Week

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) —U.S. pending home sales rose 1% month over month in October to the highest level in a year on a seasonally adjusted basis. That's according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. They fell 4.8% from a year earlier, but that's the smallest annual decline in almost two years. Pending sales have been ticking up for several reasons: The supply crunch has eased slightly, giving buyers more options to choose fr.

Redfin Reports Pending Home Sales Rise to Highest Level in a Year

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Mortgage-purchase applications are rising and pending home sales have posted one of their smallest drops in more than a year and a half, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That marks the second straight week of increases. And while pending home sales were down 8% year over year during the four weeks ending November 12%, that's one of the smallest declines since April 2022. House hunters are.

Redfin Report: Mortgage Applications Tick Up As Rates Drop From Peak, New Listings Rise

Upstart Holdings

Truist Financial

Upstart, Redfin, and Truist have all been stymied by rising rates, which has slowed demand for housing and consumer loans and made lending more difficult. The latest data suggests that inflation is cooling, igniting a share rally.

Why Upstart, Redfin, and Truist Stocks Are All Surging Higher Today

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Home sellers gave concessions to buyers in 35% of U.S. home sales during the three months ending Oct. 31, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That's little changed from 35.9% one year earlier but up from 27.6% two years earlier. This is according to data submitted by Redfin buyers' agents across the country, going back through 2020. A concession is recorded when an agent reports a seller pro.

Redfin Reports More Than One-Third of Home Sellers Are Giving Concessions to Buyers

SEATTLE--(BUSINESS WIRE)--Redfin Corporation (NASDAQ: RDFN) today announced that Chief Financial Officer Chris Nielsen will present at the following event: Needham 3rd Annual Consumer Tech / E-Commerce Virtual Conference Monday, November 20, at 1:30 p.m. ET A link to the live webcast, as well as the replay of this presentation, will be available at http://investors.redfin.com. About Redfin Redfin (www.redfin.com) is a technology-powered real estate company. We help people find a place to live w.

Redfin to Present at Needham 3rd Annual Consumer Tech / E-Commerce Virtual Conference

Plus a look at three lessons from WeWork's bankruptcy filing.

Redfin's Opportunity?

Lennar

Rocket Companies, Inc.

RE/MAX Hld

SoFi Technologies

Toll Brothers

Addressing the much discussed but controversial topic of housing stocks to sell, it's important to stick with the facts. While promoting a doom-and-gloom narrative for its own sake doesn't offer much help, it's also unproductive to disseminate toxic positivity.

7 Housing Stocks to Sell as Interest Rates Go Out of Control

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) —Mortgage rates are falling quickly, dropping from a two-decade high of 8% to 7.4% in the last three weeks, giving homebuyers an opportunity to lock in a lower rate. That's according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. A series of macro-economic events and indicators helped bring rates down last week: The Fed decided against another interest-rate hike, the Treasury announced plans to issue less long-ter.

Redfin Report: It's the Best Time to Buy Since Mid-September, As Mortgage Rates Fall and Sellers Drop Prices

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Investor purchases of U.S. homes dropped 29.7% year over year in the third quarter, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Investors purchased 48,667 homes—the lowest level of any third quarter since 2016. By comparison, overall home purchases fell 22.2% to 305,219—the lowest third-quarter level since 2012. The seven metros where investor purchases declined fastest are all in the Sun Belt. Atla.

Investor Home Purchases Are Down Over 40% in Sun Belt Pandemic Boomtowns

SEATTLE--(BUSINESS WIRE)--Redfin Corporation (NASDAQ: RDFN) today announced that Chief Financial Officer Chris Nielsen will present at the following event: D.A. Davidson 2023 Tech Summit Thursday, November 16, at 9:30 a.m. ET A link to the live webcast, as well as the replay of this presentation, will be available at http://investors.redfin.com. About Redfin Redfin (www.redfin.com) is a technology-powered real estate company. We help people find a place to live with brokerage, rentals, lending,.

Redfin to Present at D.A. Davidson 2023 Tech Summit

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) — The median U.S. asking rent in October was $1,978, little changed (-0.3%) from a year earlier, but down 3.7% from the $2,054 record high set in August 2022. That's according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. It fell 1.6% from a month earlier, which is typical for this time of year. October marked the seventh straight month in which the median asking rent was little changed from a year earlier. The r.

Redfin Reports U.S. Asking Rents Remained Sluggish in October Amid Rising Vacancy Rate

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Just over one-third (34.1%) of U.S. home purchases in September were made in cash, up from 29.5% a year earlier and the highest share in nearly a decade. That's according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. All-cash purchases are making up a bigger piece of the homebuying pie for two major reasons. Affluent Americans who can afford to pay cash are more apt to buy homes in such an expensive housing mar.

1 in 3 U.S. Homebuyers Are Paying All Cash, the Highest Share in Nearly a Decade

Redfin just reported its financial results for the third quarter of 2023 (ended Sept. 30). The company's revenue dipped due to tough conditions in the real estate market, but its profitability metrics all improved.

1 Super Stock to Buy Hand Over Fist In November Like It's Going Out of Fashion

Mortgage rates continued to rise, and existing home sales fell again last month. The stock fell on a $1.8 billion verdict against the National Association of Realtors.

Why Redfin Stock Lost 34% in October

There's one sign after another, it seems, pointing to a housing market crash in 2024 or even this year. Not long ago, the 30-year fixed mortgage interest rate hovered near 8%.

Housing Market Crash Alert: Sellers Show Signs of Pain Ahead

Redfin is making progress toward revenue growth again. The company reported positive adjusted EBITDA in the quarter and market share gains.

News for Redfin Stock (RDFN)