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.

Redfin Corporation (NASDAQ:RDFN ) Q4 2022 Results Conference Call February 16, 2023 4:30 PM ET Company Participants Meg Nunnally - Head of IR Glenn Kelman - President, CEO and Director Chris Nielsen - CFO Conference Call Participants Ryan McKeveny - Zelman & Associates Tom White - D.A. Davidson Ygal Arounian - Citigroup John Campbell - Stephens Michael Ng - Goldman Sachs Jay McCanless - Wedbush Chris Suchecki - Jefferies Operator Greetings, and welcome to the Redfin Corporation Fourth Quarter 2022 Earnings Conference Call.

Redfin Corporation (RDFN) Q4 2022 Earnings Call Transcript

Redfin (RDFN) delivered earnings and revenue surprises of 26.55% and 7.45%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Redfin (RDFN) Reports Q4 Loss, Tops Revenue Estimates

Redfin's revenue fell 25% in the fourth quarter amid a housing market slowdown that has hampered its growth over the last year.

Redfin Q4 revenue drops 25% to $479M as company winds down home-flipping business

SEATTLE--(BUSINESS WIRE)--Redfin Corporation (NASDAQ: RDFN) today announced results for its fourth quarter and full year ended December 31, 2022. Fourth Quarter 2022 Fourth quarter revenue was $479.7 million, a decrease of 25% compared to the fourth quarter of 2021. Gross profit was $37.4 million, a decrease of 65% year-over-year. Real estate services gross profit was $26.

Redfin Reports Fourth Quarter and Full Year 2022 Financial Results

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Roughly one-third (31.2%) of U.S. home purchases were paid for with all cash in December, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That's up from 28.8% a year earlier but down from the eight-year high of 31.9% hit in November. The share of homes bought with cash remains elevated above pre-pandemic levels because mortgage rates are high, averaging 6.36% in December.

Redfin Reports Share of Homes Bought With Cash Ticks Down From November Peak

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) —Investor purchases of U.S. homes fell a record 45.8% year over year in the fourth quarter as the high cost of borrowing money and the prospect of substantial home-price declines made real estate investing less attractive. That's according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. The second biggest decline occurred in 2008, when investor purchases slumped 45.1% during the subprime mortgage crisis. Overall U.

Redfin Reports Investors Are Buying Roughly Half as Many Homes as They Were a Year Ago

Redfin's collapse has pushed its valuation to its lowest level since it went public in 2017. Stock market angst over the direction of US housing will persist this year with the Fed funds rate set for further hikes.

Redfin: Price Collapse Has Not Gone Far Enough For Bears

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) —The median U.S. asking rent rose 2.4% year over year to $1,942 in January—the smallest increase since May 2021 and the lowest level in nearly a year, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That's roughly one-sixth the pace of January 2022, when rents were up 15.6% from a year earlier. January marked the eighth straight month in which annual rent growth slowed. Rents fell 1.

Redfin Reports Rents Rose 2% in January—the Smallest Increase in 20 Months

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) — Homebuyer demand continues to increase from its fall low point despite mortgage rates ticking up this week, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Seller activity is also picking up. Pending home sales posted their smallest decline since September during the four weeks ending February 5, falling 20% from a year earlier, and mortgage-purchase applications rose 3% from a week earlier.

Redfin Reports More Buyers Step Onto the Field, Luring Some Sellers Off the Sidelines

Offerpad Solutions

Opendoor

The worst performer on this list is up more than 120%.

These 3 Stocks Have Already Doubled in 2023 -- Could They Keep Rising?

SEATTLE--( BUSINESS WIRE )--(NASDAQ: RDFN) — A homebuyer on a $2,500 monthly budget can afford a $400,000 home for the first time in four months as mortgage rates dip below 6%, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage.

Redfin Reports $2,500 Monthly Budget Buys a $400,000 Home For First Time Since September As Rates Dip Below 6%

SEATTLE--( BUSINESS WIRE )--Redfin Corporation (NASDAQ: RDFN) will release fourth-quarter 2022 results after the stock market closes on Thursday, February 16, 2023. The company will host a live webcast of its conference call to discuss the results at 1:30 p.m. Pacific Time / 4:30 p.m. Eastern Time. Participants may access the live webcast on Redfin's Investor Relations website at http://investors.redfin.com.

Redfin to Announce Fourth-Quarter 2022 Results on February 16, 2023

SEATTLE--( BUSINESS WIRE )--(NASDAQ: RDFN) — The median monthly housing payment for San Francisco homebuyers has dropped 14.8% (-$1,477) since hitting its pandemic-era peak in October, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. It's the biggest percentage decline of the 49 most populous U.S. metros.

San Francisco Homebuyers Are Paying $18,000 Less Per Year Than Those Who Bought When Rates Peaked

Logitech

Marvell Technology

Micron Technology

Palantir Technologies

Wolfspeed

The stock market rally this year is pushing stock prices higher again, which creates a greater urgency to consider which tech stocks to sell. Market sentiment drives short-term rallies, setting up investors for potential disappointments.

7 Tumbling Tech Stocks That Have Much Further to Fall

Fiverr

GoodRx Holdings

Robinhood

Roku

Block

Wish

There are many reasons to remain bullish on technology stocks. Companies such as Apple (NASDAQ: AAPL ) and Alphabet (NASDAQ: GOOGL ) remain extremely well-run, hugely profitable enterprises.

7 Sorry Tech Stocks to Sell in February Before It's Too Late

SEATTLE--( BUSINESS WIRE )--(NASDAQ: RDFN) — Home searchers now have an easier way to keep track of their favorite homes on Redfin (www.redfin.com). Today, the technology-powered real estate company launched Favorites Lists, a new tool that allows Redfin's app and website users to organize their favorite homes into custom lists and share them with their home search partner.

Redfin Launches Favorites Lists to Help Organize Your Home Search

Redfin (RDFN) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions could translate into further price increase in the near term.

Redfin (RDFN) Moves 19.7% Higher: Will This Strength Last?

Disney

Howard Hughes

MercadoLibre

This Fool has been active in the stock market in the first few weeks of the year.

Here Are 4 Stocks I've Already Bought in 2023

Signs of a recovery are emerging in the real estate industry.

Why Redfin Stock Surged This Week

Ally Financial

Some of 2022's most beaten-down stocks are rebounding sharply.

3 Stocks Up 25% or More in 2023 That Are Still Worth Buying

Netflix

These former highfliers are ready to rally.

A Bull Market Is Coming: 2 Top Growth Stocks to Buy Right Now

Okta

Wayfair

A bull market is coming. Here's how to get ready for it.

3 Stocks to Buy Now to Capitalize on the Eventual Market Rebound

American Well Corporation

Fastly

Lemonade

These are far from sure things, but there's tremendous upside if they can execute.

4 Stocks With 10x Potential I've Got in My Portfolio

The market appears to be on an upswing, according to the online real estate brokerage's latest piece of homegrown research.

Why Redfin Stock Trounced the Market on Thursday

SEATTLE--( BUSINESS WIRE )--(NASDAQ: RDFN) — Pending home sales fell 26% year over year during the four weeks ending January 22, the smallest drop in more than three months, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage.

News for Redfin Stock (RDFN)