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.

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Nationwide, roughly 60,000 home-purchase agreements fell through in June, equal to 14.9% of homes that went under contract that month, according to the latest analysis from Redfin (www.redfin.com), the technology-powered real estate brokerage. That's the highest percentage since March and April 2020, when the housing market all but ground to a halt due to the onset of the coronavirus pandemic. It compares with 12.7% a month earlier and 11.2% a year ear

Home Sales Are Getting Canceled at the Highest Rate Since the Start of the Pandemic

Redfin Corp. said Friday that it is seeing the northern California housing market, including the San Francisco Bay Area, cooling faster than any other U.S. market, as mortgage rates remain high and as the stock market has dropped. The San Jose housing market is slowing the fastest, with the supply of homes for sale up 10% from a year ago in May just three months after supply was down 43%.

Redfin seeing San Francisco Bay Area housing market slowing fastest in the U.S.

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) —Housing markets in northern California are cooling faster than anywhere else in the U.S. amid high mortgage rates and a faltering stock market, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Five of the 10 U.S. housing markets that have cooled fastest this year are in northern California–San Jose, Oakland, San Francisco, Sacramento and Stockton–and three of those five are in the Bay Area. All 10 of the

Redfin Reports Bay Area Housing Market Is Cooling More Rapidly Than Anywhere Else in the Country

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) —After months of tipping heavily in sellers' favor, the scales of the housing market are finally balancing out, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Soaring housing costs caused many house hunters to drop out in recent months, which is now providing some relief for buyers who remain. Today's buyers are seeing the housing shortage ease, price growth slow, competition decline and mortgage rates d

Redfin Reports Balance Is Returning to the Housing Market as Competition Eases

Shopify

Unity Software

History suggests that a down market is the best time to put money to work.

3 Growth Stocks Down 81% to 90% to Buy Hand Over Fist

Equity Residential

Lennar

Real estate shares have been hit alongside the market's sell-off, but make no mistake, these best housing stocks are ready for price inflation. The post 3 Best Housing Stocks to Buy Now appeared first on InvestorPlace.

3 Best Housing Stocks to Buy Now

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — In 2020 and 2021, purchases of second homes with high flood risk rose 45% from the prior two-year period (2018-2019), according to a new analysis of ClimateCheck data from Redfin (redfin.com), the technology-powered real estate brokerage. There were also significant increases in purchases of second homes with high storm risk (40%) and high heat risk (39%). Demand for second homes surged during the pandemic as low mortgage rates, remote work and the des

Scores of Pandemic Homebuyers Purchased Vacation Homes With High Natural-Disaster Risk

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) —More and more, home sellers are ceding to the mounting pressure on affordability posed by this month's rapid mortgage-rate hike, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. The median asking price of newly-listed homes for sale is down 1.5% from the all-time high it reached in the spring, and a record-high share of sellers dropped their asking price during the four-week period ending June 26. Pending

Redfin Reports Asking Prices Come Down from All-Time High

When will the housing market cool down? Redfin recently released data showing more home sellers are lowering their asking prices already.

When Will the Housing Market Cool Down? Redfin Says It's Already Started.

Builders FirstSource

D.R. Horton

Home Depot

Anywhere Real Estate Inc

PulteGroup

SPDR S&P Homebuilders ETF

Shares of housing market companies enjoyed a broad rally Friday, after data showing that new home sales surprisingly rose, and sharply, in the face of other signs showing a slowdown in the housing sector. The SPDR S&P Homebuilders ETF XHB, +3.04% rallied 2.9% in morning trading, with all 35 components trading higher.

Home builder, real estate services stocks surge on surprise jump in new home sales

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Demand for vacation homes has fallen below the pre-pandemic baseline for the first time in two years, with mortgage-rate locks for second homes down 4% from before the pandemic in May, according to a new report from Redfin (www.redfin.com), the technology-powered real estate brokerage. That's down from a revised rate of 3% above pre-pandemic levels a month earlier, and 70% above pre-pandemic levels a year earlier. Demand for second homes is declining d

Redfin Reports Demand For Vacation Homes Is Now Below Pre-Pandemic Levels

Rocket Companies, Inc.

Zillow

Real estate stocks fared better this week after mortgage applications rose last week.

Why Shares of Rocket Companies, Zillow, and Redfin Are Up This Week

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) —Homebuying demand pulled back further as mortgage rates reached their highest level in over 13 years, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Home tours, offers and other requests for agents' help, as measured by The Redfin Homebuyer Demand Index, posted their largest annual decline in over two years. Sellers are not holding out. The weekly share of listings with a price drop reached a new high d

Redfin Reports Homebuying Demand Dips Further as Rates Approach 6%

Offerpad Solutions

Vacasa

These fast-growing real estate companies have been beaten down in the market downturn.

3 Real Estate Disruptors at Fire-Sale Valuations

Following the home builder stocks drop on June 16, softening demand seems to be pushing the housing market into a.

Here's why the U.S. housing crisis could be around the corner

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Price drops have become increasingly common throughout the U.S., particularly in parts of Utah and other mid-sized metros in the West, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Many of the metros with the biggest share of price drops in May had outsized price growth during the pandemic because they were hotspots for people moving in from other parts of the country. “There are two kinds of sellers

More Than 40% of Home Sellers Are Dropping Their Prices in Salt Lake City, Boise, Sacramento and Other Pandemic Hot Spots

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — A homebuyer on a $2,500 monthly budget has lost nearly $120,000 in spending power since the end of last year as mortgage rates have nearly doubled, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That buyer can afford a $399,750 home at today's mortgage rate of roughly 6%. That's a staggering $117,750 less than the $517,500 home the same budget could have bought at the end of last year when rates were a

Homebuyers on a $2,500 Monthly Budget Have Lost $118,000 in Spending Power This Year Amid Surge in Mortgage Rates

Coinbase

Successful money managers have been piling into these high-growth but poor-performing stocks.

3 Tech-Driven Stocks Down 82% to 92% That Billionaires Can't Stop Buying

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Home prices rose 1.5% month over month in May, their smallest increase of any May in Redfin's records, which go back to 2012, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. The housing market cooled considerably as mortgage rates climbed to their highest levels since 2009. Seasonally-adjusted home sales fell 3% month over month, their only May decline on record outside of 2020, when the start of the pa

Home Sales Post Rare May Decline as Mortgage Rates Rise

Compass

Desktop Metal

Tesla

Warner Bros Discovery Inc

Layoffs in 2022 have been rough already with several companies cutting their workforces just this week as the economy gets worse. The post Layoffs 2022: 7 Companies Making Major Job Cuts This Week appeared first on InvestorPlace.

Layoffs 2022: 7 Companies Making Major Job Cuts This Week

Redfin Corp. RDFN, -9.84% said Friday home offers written by its agents that faced competition declined to 57.8% in May, the lowest level since February 2021. That was down from 60.9% in April and from a post-pandemic peak of 68.8% a year ago.

Redfin sees home offers facing competition fall to 15-month low in May

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) —Nationwide, 57.8% of home offers written by Redfin agents faced competition on a seasonally adjusted basis in May, the lowest level since February 2021, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That's down from a revised rate of 60.9% one month earlier and a pandemic peak of 68.8% one year earlier, and marks the fourth-consecutive monthly decline. The typical home in a bidding-war received 5.3 off

Redfin Reports Housing-Market Competition Dropped to a 15-Month Low in May

The addition of new business lines has spurred growth.

Here's Why Investors Are Scooping Up This Disruptive Real Estate Stock

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) —The highest share of sellers on record dropped their list price during the four weeks ending June 12, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. This came as mortgage rates shot up to levels not seen since 2008, dwindling the pool of home shoppers. Still, homebuying has never been more expensive. The typical buyer with a 30-year fixed-rate mortgage is looking at a monthly payment of $2,514, up from

Redfin Reports Share of Homes with Price Drops Reaches a New High as Mortgage Rates Top 2008 Levels

iShares U.S. Home Construction ETF

KB Home

Toll Brothers

TRI Pointe Group

Share of home builders were broadly lower Thursday, after data showing that U.S. housing starts fell a lot more than expected in May. The iShares U.S. Home Construction ETF ITB, -0.26% sank 2.0% in premarket trading, putting it on track for a near two-year low, as futures ES00, -1.76% for the S&P 500 SPX, +1.46% shed 1.7%.

News for Redfin Stock (RDFN)