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.

Hovnanian Enterprises

M/I Homes

MGIC Investment

NMI Hlds

Opendoor

PulteGroup

Zillow

The homebuilder and mortgage insurance stocks today sell at P/E ratios that are fractions of the S&P 500. Realtors retain high P/E ratios even after significant sell-offs. I review the assumptions investors are implicitly making about the housing market and argue that they are largely driven by emotion, not facts.

Housing Industry Valuations. They Range From Insanely Cheap To Insanely Expensive

Mounting losses have investors concerned.

Here's Why Redfin Stock Plunged on Friday

SEATTLE--(BUSINESS WIRE)--Redfin reports home sales posted strong monthly gains despite rising mortgage rates and record-low supply

Newly Listed Homes in Short Supply, Down 12% in January

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Average monthly asking rents in the U.S. increased 15.2% year over year to $1,891 in January, 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 climbed 25% year over year to $1,595, also the biggest increase in Redfin's records. “Moving right now is expensive, whether you'r

Redfin Reports Asking Rents Rose a Record 15% in January

Doma Holdings

In a tough market, cutting-edge companies are taking a big share of the pain.

These 2 Real Estate Fintech Disruptor Stocks Are Getting Demolished Friday

Redfin (RDFN) stock is slipping on Friday following the release of the real estate company's earnings report for the fourth quarter of 2021. The post Redfin Stock News: Why Is RDFN Down Big Today?

Redfin Stock News: Why Is RDFN Down Big Today? 9 Things for Investors to Know.

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) —Homes sold faster than ever during the four weeks ending February 13, as a record 57% of homes that went under contract did so within two weeks of being listed, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. People buying homes now are paying more than ever before, too—a median $1,997 per month—as asking prices soared 16% year over year to a new high, and mortgage rates shot up to their highest level si

Redfin Reports Homebuyers Face the Fastest, Priciest Market on Record

The Redfin Corp (NASDAQ: RDFN) stock is trending today. This is why.

Redfin (RDFN) Stock: Why Its Trending Today

Redfin Corporation (RDFN) CEO Glenn Kelman on Q4 2021 Results - Earnings Call Transcript

Redfin Corp. shares plunged more than 10% in after-hours trading Thursday, after executives predicted losses in the first quarter of 2022 would exceed full-year losses in 2021 as the company maintains an iBuying business that a rival dropped.

Redfin stock tanks after forecast shows losses expanding as iBuying business grows

Redfin on Thursday reported fourth quarter revenue of $643.

Redfin tops expectations for Q4 with revenue of $643M but stock sinks 13%

SEATTLE--(BUSINESS WIRE)--Redfin Corporation (NASDAQ: RDFN) today announced results for its fourth quarter and full year ended December 31, 2021. Fourth Quarter 2021 Fourth quarter revenue was $643.1 million, an increase of 163% compared to the fourth quarter of 2020. Gross profit was $108.0 million, an increase of 35% year-over-year. Real estate services gross profit was $75.2 million, a decrease of 7% year-over-year, and real estate services gross margin was 33%, compared to 41% in the fourth

Redfin Reports Fourth Quarter and Full Year 2021 Financial Results

SEATTLE--(BUSINESS WIRE)--Investors bought 18.4% of the U.S. homes that were purchased in the fourth quarter, a record high, worth a total of nearly $50 billion.

Real Estate Investors Are Buying a Record Share of U.S. Homes

American Homes 4 Rent

eXp World Holdings Inc

Fathom Holdings

Offerpad Solutions

Toll Brothers

If an economic slowdown and rising rate wreak havoc to residential real estate, these seven housing stocks could fall to fire sale prices. The post 7 Housing Stocks To Sell if You Think the Boom Is Going To Bust appeared first on InvestorPlace.

7 Housing Stocks To Sell if You Think the Boom Is Going To Bust

SEATTLE--(BUSINESS WIRE)--Out-of-Town Buyers Have Nearly 30% More to Spend on Homes Than Locals in Migration Hotspots Like Nashville, Atlanta and Miami.

Out-of-Town Buyers Have Nearly 30% More to Spend on Homes Than Locals in Migration Hotspots Like Nashville, Atlanta and Miami

Redfin (RDFN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: Redfin (RDFN) Q4 Earnings Expected to Decline

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) —The estimated monthly mortgage payment for a typical home for sale rose 25% year over year—or $388—to a record $1,931, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That's based on the all-time high median asking price of $376,000 recorded during the four weeks ending February 6, and an average 30-year mortgage rate of 3.69%. Pending sales were down slightly from the same period in 2021, but 34% higher

Redfin Reports Homebuyers' Monthly Payments Up 25% to Record High

SEATTLE--(BUSINESS WIRE)--Demand for second homes hit its highest level in a year in January, with affluent Americans locking in mortgage rates before they increase further.

Vacation-Home Boom Continues Into 2022, With Demand Up Nearly 90% From Pre-Pandemic Levels

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — If mortgage interest rates were to rise to 3.9%, a homebuyer with a $2,000 monthly housing budget could afford a $382,250 home, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That's down from the $396,000 home a buyer with the same budget can afford with a 3.5% rate—roughly where mortgage rates stand today. Redfin economists predict the 30-year fixed mortgage rate will climb to 3.9% by the end of this

Redfin Reports Homebuyers on a $2,000 Monthly Budget Stand to Lose $13,750 in Spending Power as Mortgage Rates Rise

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Phoenix was the most popular U.S. migration destination of 2021, followed by Dallas and Orlando, according to a new report from Redfin (www.redfin.com), the technology-powered real estate brokerage. Redfin estimates the Phoenix metro gained roughly 85,000 residents from other metro areas in 2021, far more than any other metro, while Dallas gained about 56,000 and Orlando gained about 53,000. The report ranks migration destinations by net inflow, a meas

Redfin Reports Home Prices Are Soaring in America's Most Popular Migration Destinations

Novavax

Trulieve Cannabis Corp.

Upstart Holdings

The recent sell-off has created a prime opportunity for investors to pounce on great companies.

5 Discounted Growth Stocks That Can Make You Wildly Rich by Retirement

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Nearly one-quarter (24%) of first-time homebuyers are using stimulus money for their down payment, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Stimulus money is the second-most common way of accumulating money for a down payment, after saving directly from paychecks. The report is based on a Redfin-commissioned survey of 1,500 U.S. residents planning to buy or sell a home in the next 12 months. The

1 in 4 First-Time Homebuyers Are Using Stimulus Money For Down Payment: Redfin Survey

SEATTLE--(BUSINESS WIRE)--Redfin Corporation (NASDAQ: RDFN) will release fourth-quarter and full-year 2021 results after the stock market closes on Thursday, February 17, 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 co

Redfin to Announce Fourth-Quarter and Full-Year 2021 Results on February 17, 2022

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) —Home-price growth, which has been in the double digits since summer 2020, is expected to slow to an annual rate of 7% by the end of 2022, according to a new forecast from Redfin (redfin.com), the technology-powered real estate brokerage. Home sales are expected to remain relatively flat throughout the year, similar to the small annual rate of change they have been posting since August due to the ongoing shortage of homes for sale. Redfin economists expe

Despite Record-Setting January Housing Market, Redfin Forecasts Slowing Price Growth, Flat Home Sales as Mortgage Rates Approach 4% This Year

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — The typical commission rate paid to brokerages representing homebuyers has fallen to its lowest point in at least four years, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Redfin found the typical U.S. buyer's agent commission was 2.63% of the home-sale price during the three months ending Nov. 30, 2021—down from 2.69% a year earlier and the lowest rate in Redfin's records, which date back to 2017. In

News for Redfin Stock (RDFN)