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

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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 has an exciting business model, but it carries big question marks.

Is Redfin the Future of Real Estate?

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Homebuyers who are priced out of Austin are turning to San Antonio, located about 80 miles southwest, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. San Antonio ranks 10th on Redfin's list of most popular migration destinations, and its popularity with homebuyers from other parts of the country has soared since the beginning of the pandemic. Over 6,000 more Redfin.com home searchers looked to move into

Priced Out of Austin, Relocating Homebuyers Turn to San Antonio

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) —May marked a turning point in the pandemic housing frenzy, as buyers regained some control over the market, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. This limited sense of control comes at a great cost, as 5% mortgage rates and record-high prices have edged many buyers out of the market. Pending sales posted their largest annual decline since spring 2020, while the Redfin Homebuyer Demand Index dec

Redfin Reports Homebuyers Regain Some Control as Supply Grows and Demand Pulls Back

Shares of the real estate stock pulled back on rising rates.

Why Redfin Stock Fell 12% in May

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) —As the housing market shifts from a red-hot seller's market to one where buyers have some power, Redfin experts share home-selling tips in a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Pricing and timing are key Pricing and timing are always critical when it comes to selling a home, but especially in the current market. Redfin economists advise listing your home as soon as possible, and pricing it slightly lower th

Redfin Advises Listing Sooner Rather Than Later, Pricing Slightly Below Recent Comps and Other Home-Selling Tips For a Changing Market

SEATTLE--(BUSINESS WIRE)--Redfin Corporation (NASDAQ: RDFN) today announced that Chief Financial Officer Chris Nielsen will present at the following virtual event: Bank of America 2022 Global Technology Conference Wednesday, June 8, 2022, at 3:05 p.m. PT 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

Redfin to Present at Bank of America 2022 Global Technology Conference

SEATTLE--(BUSINESS WIRE)--Redfin Corporation (NASDAQ: RDFN) today announced that Chief Financial Officer Chris Nielsen will present at the following virtual event: Stifel 2022 Cross Sector Insight Conference Tuesday, June 7, 2022, at 1:15 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 with brokera

Redfin to Present at Stifel 2022 Cross Sector Insight Conference

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SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Sun Belt metros are leading the way when it comes to building new homes—and they need them, with scores of buyers moving in from other parts of the country, causing inventory to dwindle and prices to surge, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Austin, TX had 31.1 single-family building permits per 10,000 people in the first quarter, the most per capita of any major U.S. metro. It's followed b

Redfin Reports Austin, Raleigh and Other Popular Sun Belt Metros Lead the Nation in Homebuilding

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Price drops are becoming increasingly common, particularly in hot migration destinations, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. In Boise, ID, where home prices are up 62% in the past two years, 41% of home-sellers dropped their price in April, the largest share among the 108 metropolitan divisions included in Redfin's analysis. That's up from 10% a year ago. Cape Coral, FL (33%), New Orleans (

Home Sellers in Migration Hotspots Increasingly Turn to Price Drops

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) —The housing market is sending clearer signals that the pandemic-driven housing frenzy is coming to an end, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Nearly one in five (19.1%) home sellers dropped their price during the four week period ending May 22—the highest level since October 2019. Measures of competition including the typical listing's time on market, the share of homes pending sale within o

Redfin Reports Nearly 1 in 5 Sellers is Dropping Their Price, the Highest Rate Since October 2019

SEATTLE--(BUSINESS WIRE)--Redfin Corporation (NASDAQ: RDFN) today announced that Chief Financial Officer Chris Nielsen will present at the following virtual event: Jefferies Virtual Internet Summit Tuesday, May 31, 2022 at 10:50 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, instan

Redfin to Present at Jefferies Virtual Internet Summit

Opendoor

Zillow

New home sales in April came in weaker than expected.

Why Zillow, Redfin, and Opendoor Are Falling Today

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — As homebuyers relocate at unprecedented levels, home prices in many once-affordable metros have surged and priced out many would-be buyers—a dynamic that's being exacerbated by rising mortgage rates. But a handful of popular migration destinations, mainly in the South, are still relatively affordable, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Thirty-two percent of homebuyers nationwide looked to m

Here Are Eight U.S. Migration Hotspots Where Homes Are Still Relatively Affordable

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SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) —The housing market turned a corner in April as the inventory crunch showed signs of easing, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. The 9% year-over-year decline in homes for sale was the smallest since March 2020 and the first single-digit drop since the start of the pandemic. While inventory remained at a record low, it fell at a relatively slow pace because soaring mortgage rates tempered home

Redfin Reports Historic Housing Shortage Shows Signs of Letting Up as Sales Decline

Redfin Corp (NASDAQ:RDFN) is down 6.1% at $10.07 at last check, after the real estate name made headlines earlier this week when CEO Glenn Kelman sold 15,000 shares on Wednesday.

What to Make of Redfin Stock as Housing Market Cools Off

Higher interest rates might soften the real estate market, but Redfin is still poised for growth.

1 Nasdaq Growth Stock Down 89% to Buy Now and Hold

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — The typical homebuyer could save an estimated $15,582 over five years, or roughly $260 per month, by taking out an adjustable-rate mortgage rather than a 30-year-fixed-rate mortgage. That's the largest savings in dollar terms for adjustable-rate mortgage holders since at least 2015, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Redfin's analysis is based on estimated monthly mortgage payments on the m

Homebuyers Can Save Over $15,000 in Five Years With an Adjustable-Rate Mortgage–But It Comes With Risks

D.R. Horton

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A federal jury in Texas this week sided with Redfin in a patent lawsuit brought two years ago by Surefield, a Seattle startup that was launched by Redfin co-founder David Eraker several years after his departure from the company.

Redfin prevails over co-founder in patent trial

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) —Homebuyers may finally start to notice signs that the market is shifting toward their favor, as more sellers came to the market during the four weeks ending May 15, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. New listings climbed nearly twice as fast as they did at this time last year, and the share of listings with a price drop rose to its highest level in two and a half years. Homebuyers continue t

Redfin Reports Sellers Rushing to Find Buyers Before Demand Weakens Further

The relationship between migration and inflation has strengthened as more people relocate from expensive cities to more affordable areas, according to Redfin.

How relocating Americans created new inflation hot spots

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) —Nationwide, 60.7% of home offers written by Redfin agents encountered competition on a seasonally adjusted basis in April, the lowest level since March 2021, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That's down from a revised rate of 63.4% a month earlier and 67.4% a year earlier, and marks the second-consecutive monthly decline. The housing market has softened in recent weeks because mortgage rat

News for Redfin Stock (RDFN)