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.

D.R. Horton

Home Depot

iShares U.S. Home Construction ETF

Lennar

PulteGroup

Toll Brothers

Shares of homebuilders took a broad beating Thursday, as mortgage rates kept rising to a 23-year high, and prompting more home buyers to back off. The iShares Home Construction ETF ITB, -4.82% dropped 5.2% toward a four-month low in afternoon trading, the biggest one-day drop in 13 months, with all 46 equity components losing ground.

Homebuilder stocks crumble as mortgage rates surge and as home buyers retreat

Fathom Holdings

Clipper Realty

NETSTREIT Corp

RE/MAX Hld

The most oversold stocks in the real estate sector presents an opportunity to buy into undervalued companies.

Top 5 Real Estate Stocks That Could Lead To Your Biggest Gains In Q4 - Fathom Holdings (NASDAQ:FTHM), Clipper Realty (NYSE:CLPR)

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) —New listings of U.S. homes for sale have ticked up 2% since the start of September, and listings haven't fallen as much from summer to fall as they typically do. That's according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. What home sellers are doing: A few more homeowners are putting their homes on the market, despite being locked into relatively low mortgage rates. The total number of homes for sale is down.

Redfin Reports Listings Tick Up, But Buyers Back Off

The real estate market is suffering a slowdown on the back of rising mortgage rates. Real estate technology company Redfin has been forced to pivot its business in a big way as a result.

1 Stumbling Stock Down 93% Is a Buy on the Dip

Redfin CEO Glenn Kelman discusses American real estate as homebuyers attempt to 'catch a break' from the 'rock bottom' market.

Redfin CEO issues dire warning on US's 'rock bottom' real estate market: The 'American dream' is in trouble

Mortgage rates continued to move higher as the Federal Reserve said it expected rates to remain elevated. Existing home sales in August continued to decline.

Why Redfin Stock Tumbled 26% Last Month

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) — The median U.S. asking rent rose 0.4% year over year to $2,011 in September—the sixth straight month in which rents were little changed from a year earlier. That's according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Prior to that, rent growth had been slowing rapidly for roughly a year, coming back down to earth after a surge in prices during the pandemic. The median asking rent fell 2% from a month earlier.

Redfin Reports Asking Rents Flattened in September Amid Growing Apartment Supply

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) — Mortgage rates hit their highest level in more than 20 years this week, pushing homebuyers' monthly housing payments to all-time highs. That's according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. A buyer on a $3,000 monthly budget, for instance, can afford a $419,000 home with a 7.7% mortgage rate, roughly the daily average on October 4. That buyer has lost $38,000 in purchasing power since last October, whe.

Redfin Reports New Listings Hold Up As Mortgage Rates Soar Toward 8%

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Nearly two-thirds of recent U.S. homebuyers (59%) think purchasing a house is more stressful than dating, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. “Getting ghosted by your date is stressful, but purchasing a home in today's market comes with its own unique set of anxieties,” said Redfin Chief Economist Daryl Fairweather. “Buyers are increasingly ghosting sellers as housing costs climb, and high m.

Redfin Survey: 59% of Recent Homebuyers Say Purchasing a House Is More Stressful Than Dating

This story originally appeared on Real Estate News.

Redfin leaves the National Association of Realtors: ‘Enough is enough,' Glenn Kelman says

Shares of Redfin Corp. rose Thursday, after the analyst who called the top two months ago said it was time to stop selling.

Has Redfin's stock plunged enough? These analysts think so.

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) — Roughly one in 15 (6.5%) U.S. homes for sale had a price drop during the four weeks ending September 24, on average, up from 5.8% a month earlier–a sharp monthly increase compared to the same period in years past. That's according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. At the same time, the median home-sale price is up 3% year over year and the typical homebuyer's monthly payment is at a record high as m.

Redfin Reports More Home Sellers Drop Their Asking Price As Mortgage Rates Hit Two-Decade High

Mid-America Apartment Communities

Healthpeak Properties

Zillow

Top 4 Real Estate Stocks That Are Set To Fly In September - Healthpeak Properties (NYSE:PEAK), Mid-America Apartment (NYSE:MAA)

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — A record 26% of homebuyers are looking to move to a different part of the country, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That's up from 24% a year ago and roughly 19% before the pandemic began. Elevated mortgage rates have cooled the overall U.S. housing market, with fewer homes for sale and fewer buyers in the market. But a high portion of the homebuyers who are moving are relocating to diffe.

A Record Share of Homebuyers Are Relocating, Many to Places Endangered By Climate Change

Upstart Holdings

Macroeconomic uncertainty is hurting both of these growth stocks.

Better Growth Stock: Upstart vs. Redfin

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) —Mortgage rates are sitting near a two-decade high and U.S. home prices rose 3% year over year during the four weeks ending September 17, pushing monthly housing payments to an all-time high. That's according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. What homebuyers are doing: Waiting for homes to become more affordable and for more of them to hit the market. Soaring costs have pushed pending home sales down.

Redfin Reports Pending Home Sales Drop 13% Year Over Year As Mortgage Rates Stay Stubbornly High

Redfin fell on Thursday after the National Association of Realtors (NAR) announced that U.S. home sales fell 0.7% sequentially and 15.3% year over year in August 2023. Inventories also continued to decline as home prices increased.

Why Redfin Stock Dropped Today

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Nearly four of every five (78%) respondents to a recent housing survey support policies that promote building more housing, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. But just one-third (32%) of the respondents who are pro-building would feel positive about an apartment complex built in their neighborhood, and 20% of them would feel negative about it. Nearly half (48%) would feel neutral. Broken do.

Redfin Survey: Most Respondents Support More Homebuilding, But Many Don't Want a Complex in Their Neighborhood

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) — Residential real estate deals are falling through at the highest rate in almost a year as high mortgage rates give homebuyers sticker shock, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Nationwide, nearly 60,000 home-purchase agreements were canceled in August, equal to 15.7% of homes that went under contract that month. That's up from 14.3% a year earlier and marks the highest percentage since Octob.

Redfin Reports Home Purchases Fell Through at the Highest Rate in Nearly a Year in August

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Mortgage-rate locks for second homes were down 47% from pre-pandemic levels on a seasonally adjusted basis in August, compared to a 33% decline for primary homes, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. August marks the 14th-straight month that second-home demand has hovered at least 30% below pre-pandemic levels, as high housing costs and limited inventory deter would-be buyers. Rate locks for.

Redfin Reports Demand for Vacation Homes Sits Near 7-Year Low Due to High Housing Costs, Return-to-Office Mandates

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) —The median U.S. monthly mortgage payment hit an all-time high of $2,632 during the four weeks ending September 10. That's according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. What homebuyers need to know: It's more expensive than ever to buy a home, with monthly payments at a record high due to stubbornly high rates and home prices. Although the weekly average mortgage rate has declined slightly from August's.

Redfin Report: Monthly Housing Costs Hit All-Time High, Deterring Would-Be Buyers

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) — Return-to-work policies are motivating one in every 10 (10.1%) U.S. home sellers to relocate, according to a new survey commissioned by Redfin (redfin.com), the technology-powered real estate brokerage. While returning to the office wasn't the most common reason respondents listed for moving, the response rate is notable because back-to-office mandates are an emerging cause of relocation. That's according to a Redfin-commissioned survey conducted by Qu.

Redfin Survey Finds 1 in 10 Home Sellers Are Moving Because They're Being Called Back to the Office

Despite a weak real estate market, this disruptor has performed very well.

This Tech Stock Has Surprised Wall Street and Climbed 125% in 2023 -- Is It Still a Buy?

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) — The median U.S. asking rent in August was $2,052, just $2 below the record high set a year earlier, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That's up just slightly (0.7%) from a month earlier, when the typical asking rent was $2,038. While asking rents are near their all-time high, tenants in some parts of the country are finding deals. With vacancies on the rise, some landlords are doling out o.

Redfin Reports Landlords Are Charging Near-Record Rents—But Offering Concessions

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Nearly one of every five (18%) millennials and 12% of Gen Zers who replied to a recent housing survey believe they will never own a home, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Lack of affordability is the number-one barrier to homeownership for young Americans. Roughly half of Gen Z and millennial renters who believe they're unlikely to purchase a home in the near future say the high price of.

News for Redfin Stock (RDFN)