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

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Earnings data Q1 2024

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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.

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) — The median U.S. home price fell 3.3% in March to $400,528, the largest year-over-year drop since 2012, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Pandemic boomtowns and pricey Bay Area markets led the price declines in March. In Boise, ID, prices fell 15.4% from a year earlier, more than any other U.S. metro area Redfin analyzed. Next came Austin, TX (-13.7%), Sacramento, CA (-11.

Redfin Reports Home Prices Fell 3% in March–Biggest Annual Drop in Over a Decade

Apple

Annualized inflation, measured by the Consumer Price Index, reached a 40-year high of 9.1% in 2022. Thanks to ultra-tight monetary policy, inflation has declined in every month since.

Good News: CPI Inflation Is Falling Fast. These 2 Stocks Might Be Smart Buys.

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) — The median U.S. asking rent fell 0.4% year over year to $1,937 in March—the first annual decline since March 2020 and the lowest median asking rent in 13 months, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. By comparison, rents were up 17.5% one year earlier, in March 2022. The median asking rent in March was unchanged from February. It remained $322 higher (19.

Redfin Report: Rents Post First Annual Decline in Three Years

After predicting that the sluggish housing market had started to rebound in January, Redfin this week blamed real estate market conditions as part of the reason for its latest round of layoffs.

Redfin's latest round of layoffs comes a few months after it predicted housing market recovery

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) — New listings of U.S. homes for sale dropped 25% from a year earlier during the four weeks ending April 9, continuing an eight-month streak of double-digit declines, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage.

Redfin Report: Buyers Can't Buy if Sellers Won't Sell

Redfin has laid off 201 employees, the third time the Seattle-based real estate company has reduced its workforce since June. The layoffs, which represents about 4% of its workforce, was first reported by GeekWire.

Redfin is laying off more workers as housing downturn persists

Redfin laid off 201 employees, or about 4% of its workforce, on Tuesday as it continues to trim expenses in response to the housing downturn and ongoing economic uncertainty.

Redfin lays off 201 employees as housing market continues to retrench

Amazon, Alphabet, Meta, Salesforce and Disney have all slashed staff this year, citing cloudy economic forecasts.

2023 Layoff Tracker: Redfin Cuts 200 Workers

D.R. Horton

Ellington Residential Mortgage REIT

There's so much to consider when looking for stocks to sell. Will there or won't there be another housing market crash?

3 Stocks to Sell for the Housing Market Crash

Redfin stock soared after the Federal Reserve stepped in following the collapse of Silicon Valley Bank. Shares are rebounding on optimism that mortgage rates have peaked.

Why Redfin Stock Jumped 22% in March

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Mortgage-rate locks for second homes were down 52% from pre-pandemic levels on a seasonally adjusted basis in March, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That is compared to a 13% decline for primary homes. Second-home rate locks fell to their lowest level since 2016 in February and remained nearly as low in March.

Redfin Reports Demand For Vacation Homes Is Down More Than 50% From Pre-Pandemic Levels

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) — Although elevated mortgage rates continue to dampen homebuying demand, low inventory means home are selling fast in some parts of the country, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. The pool of homes available to buyers is shrinking quickly. That's mainly because new listings are scarce. New listings fell 21.

Redfin Reports Demand Outpaces Limited Supply, Making Some Markets Feel Hot Despite Few Sales

Redfin's Homebuyer Demand Index recently hit its highest level since last May. However, the mortgage market is still quite challenging right now.

Why Shares of Redfin Are Rising Today

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) — House hunters are wading into the market as mortgage rates and home prices continue to decline, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage.

Redfin Reports Early-Stage Homebuying Demand Hits Highest Level Since May

Zillow

The U.S. Federal Reserve has been increasing interest rates at the most aggressive pace in its history. The real estate sector has been one of the hardest hit, but there could be some relief around the corner.

2 Stocks Down 79% and 91% That Could Soar in the Second Half of 2023

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — The number of Redfin.com home searchers looking to relocate to a new metro fell 3.6% year over year in February, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That compares with a 14.4% drop in Redfin.com home searchers looking to relocate within their current metro. Those are both the biggest declines in Redfin's records, which go back through 2018.

Redfin Reports Cross-Country Movers Largely Undeterred By High Mortgage Rates

Bed Bath & Beyond

Virgin Galactic

XPeng

C3.ai

Beyond Meat

Vapotherm Inc

While there's something romantic about taking a shot on an underappreciated enterprise, a countervailing narrative also exists, which brings us to the topic of stocks to sell. To be sure, very few people enjoy discussing this subject (especially if you own the shares mentioned).

7 Stocks to Sell in March Before They Crash and Burn

Amazon

Credit Suisse

Microsoft

Signature Bank

SVB Financial Group

UBS Group AG

U.S. Bancorp

Plus, Jacob Goldstein, host of the podcast "What's Your Problem?," talks about bank runs.

More Tech Layoffs; Ongoing Bank Drama

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) — This week's news that the Fed is modestly hiking interest rates and may pause them sooner than anticipated brought mortgage rates down for the second week in a row, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage.

Redfin Reports Spring Homebuying Season Kicks Off With Steady Demand, But Lack of Listings Holds Back Sales

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Today, Redfin (www.redfin.com), the technology-powered real estate brokerage, published its inaugural 2023 Sustainability Report, outlining the company's environmental, social and governance (ESG) commitments. This report reflects the collective efforts of individuals and teams across Redfin, who have taken on the challenge of connecting their ambition to do good in the world with the work they do everyday.

Redfin Releases Inaugural Environmental, Social and Governance Report

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — The typical U.S. homebuyer's down payment fell 10% year over year in January to $42,375, its lowest level in nearly two years, according to a new report from Redfin (www.redfin.com), the technology-powered real estate brokerage. The median down payment was down 35% from the peak it reached in June, but still up more than 30% from pre-pandemic levels. The median down payment in January was equal to 10% of the purchase price, down from 13.

The Typical Down Payment Has Fallen 10% From a Year Ago As Housing Market Cools

iBio

Nabriva Therapeutics

Rocket Companies, Inc.

Shift Technologies

Peruse the Internet for investment guidance and you're likely to hear the adage that you shouldn't consider stocks to sell when faced with volatility. Rather, you should buy up assets and securities when there's blood on the streets.

7 Stocks to Sell as Banks Melt Down

Turmoil in the banking industry helped lower mortgage rates earlier this week. Some investors are hoping the Federal Reserve will back off from aggressive rate hikes.

Why Redfin Stock Soared 25% This Week

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) —The median U.S. home price fell 1.2% in February marking the first year-over-year decline since 2012, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Sellers have been forced to lower their expectations because high mortgage rates have put homebuyer demand on ice.

Redfin Reports Home Prices Fell 1% in February, First Annual Drop Since 2012

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) — Some homebuyers are returning to the market as mortgage rates decline from the four-month high they reached last week, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Daily average mortgage rates dropped from 7% to about 6.5% over the weekend in the wake of Silicon Valley Bank's collapse. U.S. home prices also fell, dropping 1.

News for Redfin Stock (RDFN)