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) — Almost 90% of FEMA policyholders in Texas, Florida and Mississippi are experiencing flood insurance price increases—a higher portion than any other state and above the national average of 81%, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Nearly 3 million owners of single-family homes in the U.S. are seeing their flood-insurance premiums rise as a result of FEMA overhauling the way it measures risk, w

In Texas and Florida, Nearly 90% of Flood-Insurance Policyholders Set to See Premiums Rise Due to FEMA Overhaul

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) —Sixty-five percent of home offers written by Redfin agents faced competition on a seasonally adjusted basis in March, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That is down from a revised rate of 66.7% in February, marking the first month-over-month decline since September—a sign that demand is starting to cool as soaring mortgage rates and housing prices prompt some buyers to back out of the marke

Redfin Reports Homebuyer Competition Drops for First Time in Six Months Amid Surge in Mortgage Rates, Home Prices

SEATTLE--(BUSINESS WIRE)--Redfin Corporation (NASDAQ: RDFN) will release first-quarter 2022 results after the stock market closes on Thursday, May 5, 2022. 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. About Redfin Redfin (www.redfin.com) is a technology-powered real estate company. We help people

Redfin to Announce First-Quarter 2022 Results on May 5, 2022

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) —Homebuyer demand softened further over the last several weeks, as a typical slump in buying and selling over Easter and Passover weekend amplified a recent slowdown triggered by surging mortgage rates and housing costs. That's according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Roughly 1 in 8 sellers cut their list prices during the four weeks ending April 17—the highest share in five months—and asking price

Redfin Reports Demand Slips, Pushing More Sellers to Drop Asking Prices

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Americans are buying smaller homes than they were at the height of the pandemic, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. The typical U.S. home that went under contract in March was 1,720 square feet, down 1.8% from 1,751 square feet the same time last year and roughly the same size as the homes that were selling just before the pandemic began. In this report, “March” refers to the four weeks end

Redfin Reports Americans Are Buying Smaller Homes as Prices Skyrocket

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — The median monthly asking rent in the U.S. increased 17% year over year to a record high of $1,940 in March, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. This was the largest annual jump since at least February 2020. Meanwhile, the national median monthly mortgage payment for homebuyers rose twice as fast: It climbed 34% year over year to $1,910, also the biggest increase in Redfin's records. The inc

Redfin Reports Asking Rents Climbed 17% to a Record High in March

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — About half (51%) of U.S. homeowners with mortgages have a mortgage rate under 4%—substantially below today's level of 5%, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. About one-third (32%) of all homeowners—including those without mortgages—have a mortgage rate under 4%. With rates now at their highest level in over a decade, many of these homeowners may be incentivized to stay put because selling th

Redfin Reports Nearly One-Third of Homeowners Have a Mortgage Rate Far Below Today's Level, Prompting Some to Stay Put

General Motors

Alphabet

Qorvo

These stocks offer an intriguing blend of growth and value.

I'm Sitting On a Record Amount of Cash: Here Are 5 Stocks I'm Looking to Buy

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) —It was the hottest March ever for the housing market, with homes selling at their fastest pace and for more above list price than any other March on record, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. The median home-sale price rose 6.2% in March, the fastest month-over-month gain at this time of year since 2013, to an all-time high of $412,700. Seasonally adjusted home sales fell 4% as soaring mortg

Redfin Reports Home Sales Fell 4% in March as Buying Costs Shot Up

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) —A record 32.3% of Redfin.com users nationwide looked to move to a different metro area in the first quarter, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That's up from 31.5% a year earlier and up significantly from 26% in 2019, before the pandemic. Skyrocketing home prices and rising mortgage rates have made relocating to a more affordable area the only viable option for some prospective homebuyers.

A Record Share of Homebuyers Are Relocating as Skyrocketing Housing Costs Make Affordable Areas Even More Attractive

Given that Redfin operates at a loss and the real estate market is starting to cool, could this be a recipe for disaster?

Down 76%, Is Redfin Still a Buy?

SEATTLE--(BUSINESS WIRE)--After last year's frenzy, vacation home buyers are now backing off amid rising mortgage rates and an increase in loan fees for second homes.

Redfin Reports the Pandemic-Driven Second-Home Boom Is Coming to an End

UiPath

These former stock market darlings can be purchased for a fraction of their former values.

3 Beaten-Down Growth Stocks -- Can They Recover?

There are early signs of a cooldown in some of the hottest corners of the U.S. housing market, Redfin said in a report on Friday, a fresh indication that high house prices and rising mortgage rates are cutting into homebuyer demand.

Early signs of cooling housing market seen in some U.S. cities, Redfin says

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) —A fast-growing share of home-sellers are dropping their prices, another sign that the early 2022 housing frenzy is starting to ease as mortgage rates approach 5%. That's according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Twelve percent of homes for sale had a price drop during the four weeks ending April 3, up from 9% a year earlier and the highest share since early December. The rate of sellers dropping th

Redfin Reports The Share of Sellers Dropping Their Asking Price Is Climbing Past Last Year's Rate

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Nearly one-third (32%) of renters nationwide rent because they can't afford to buy a home where they want to live, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Meanwhile, 30% of renters are unable to save for a down payment, and 45% say debt is keeping them from buying a home. The report is based on a Redfin-commissioned survey of 1,500 U.S. residents who currently rent the home they live in and/or a

Affordability is the Number-One Factor Keeping Renters From Becoming Homeowners: Redfin Survey

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — On April 1 Redfin (www.redfin.com) completed its previously announced acquisition of Bay Equity Home Loans (www.bayequityhomeloans.com) for $137.8 million in cash. The union of Redfin's national brokerage with Bay Equity's full service mortgage lending operation accelerates Redfin's strategy to become a one-stop shop for consumers to buy, sell, rent, and finance a home. “As homebuyers struggle with affordability and bidding wars, it's more important th

Redfin Completes Acquisition of Bay Equity Home Loans for $137.8 Million

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) —Mortgage rates are shooting up at the fastest pace in history, sending the typical monthly mortgage payment for a homebuyer up more than $500 since the beginning of this year. That's according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. As rates quickly approach 5%, we expect their impact on homebuyer demand to change from a motivator—driving a sense of urgency to buy before rates rise further—to a deterrent—c

Redfin Reports Surging Mortgage Rates and Home Prices Sideline More Buyers

Zillow

Goldman Sachs analyst Michael Ng initiates coverage on shares of Zillow and Redfin with Neutral ratings.

Zillow and Redfin Could Gain Market Share. They First Have to Navigate the Current Macro Environment.

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Redfin (www.redfin.com), the technology-powered real estate brokerage, today announced Brad Singer has joined its board of directors. Mr. Singer brings decades of business, finance and investment experience as a former partner and chief operating officer of ValueAct Capital. Prior to ValueAct Capital, Mr. Singer was the senior executive vice president and chief financial officer at Discovery Communications and chief financial officer & treasurer at

Redfin Appoints Brad Singer to Board of Directors

Camden Property

Essex Property Trust

PulteGroup

Toll Brothers

Jones Lang LaSalle

While the booming economy supports property investments in theory, the granularity suggests thinking about real estate stocks to avoid. The post 7 Real Estate Stocks to Avoid as Fears of Unsustainability Rise appeared first on InvestorPlace.

7 Real Estate Stocks to Avoid as Fears of Unsustainability Rise

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — The typical U.S. condo sold for a record $319,000 in February, according to a new report from Redfin (www.redfin.com), the technology-powered real estate brokerage. That's up 14.6% from a year earlier and 22.7% from two years earlier, just before the pandemic began. Condos are in demand partly because they're a comparatively affordable option amid skyrocketing home prices and rising mortgage rates. Single-family home prices hit a record $406,000 in Feb

Redfin Reports Condo Prices Jump to Record High as Buyers Seek Relative Affordability

Etsy

Both still have massive market opportunities ahead.

2 Stocks Down 50% or More With 10x Return Potential

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Housing prices jumped the most since summer 2021—up 17% year over year to a new high, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. At the same time, a 7% drop in new listings kept homebuyer competition elevated amid rapidly rising mortgage rates. Nearly 3 in 5 homes were snapped up within two weeks, an all-time high, and half sold for over the asking price. “With so much uncertainty in the world and

Redfin Reports Housing Prices Reached a New High as Few Americans Put Homes Up for Sale

Redfin is now offering rental search on its platform, adding to its listings of for-sale homes.

News for Redfin Stock (RDFN)