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

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Margins

An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

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Year over year growth in Revenue and Operating Expenses.

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OpEx Y/Y

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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.

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SG&A

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Minority interest

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Book value per share

Cash from operations

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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's real estate businesses have struggled since 2022 because of rising interest rates. The company continues to deliver modest growth because it's taking market share in its brokering segment.

1 Super Stock Down 92% to Buy Hand Over Fist Before September

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Nearly one in 10 (8.5%) U.S. homes are worth $1 million or more, the highest share of all time, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That's up from 7.6% a year ago and more than double the 4% share before the pandemic. The share of U.S. homes worth $1 million or more is at a record high because home prices are at a record high; the median sale price nationwide was up 4% year over year in June.

Redfin Reports a Record 8.5% of U.S. Homes Are Worth $1 Million or More

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Investor purchases of U.S. homes rose 3.4% year over year in the second quarter—the largest increase since the second quarter of 2022. That is according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Investors purchased $43 billion worth of homes in the second quarter, up 13.7% from a year earlier—also the biggest gain in two years. Investor activity in the housing market is stabilizing following several years o.

Redfin Reports Investor Home Purchases Post Biggest Increase in Two Years

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — The typical buyer's housing payment was $2,588 during the four weeks ending August 11, nearly $250 below April's all-time high and up just 1% year over year–the smallest increase in five years. That's according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. There are also a few other encouraging signs for today's buyers: The total number of homes for sale is up nearly 20% year over year, and a growing share of i.

The Typical U.S. Housing Payment Has Fallen to Lowest Level in 6 Months. That Has Led to More Buyer Interest, But Not More Sales.

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) —The average teacher can afford 47.9% of apartments for rent within commuting distance of their school, up from 40.7% in 2023, thanks to a modest increase in teacher salaries combined with flattening asking rents. That's according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Still, rental affordability for teachers remains below pre-pandemic levels; in 2019, the average teacher could afford 58% of apartments wit.

Redfin Reports The Typical Teacher Can Afford 48% of Apartments Near Their School–Up from 41% Last Year. But They Can Afford Just 14% of Homes for Sale

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) —The median asking rent fell across all bedroom counts in July year over year, the first time that's occurred since June 2020. That's according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Median asking rents for 0-1 bedroom apartments fell 0.1% (to $1,498 a month), 2 bedroom apartments fell 0.3% (to $1,730) and 3+ bedroom apartments fell 2.4% (to $2,010). All three categories are down at least $50 from all-time.

Redfin Reports Asking Rents Fall Across All Bedroom Counts for First Time in 4 Years

He really said that: When asked about the company's “Plan B” if mortgage rates don't fall, Redfin CEO Glenn Kelman responded, “Plan B is to drink our own urine or our competitors' blood, stay in the foxhole.”

Redfin CEO promises to ‘drink our own urine' if mortgage rates don't fall

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — The total value of U.S homes gained $3.1 trillion over the past 12 months to reach a record $49.6 trillion, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. In percentage terms, the total value of the U.S. housing market grew 6.6% year over year. Zooming out further, the total value of U.S. homes has more than doubled in the past decade, climbing nearly 120% from $22.7 trillion in June 2014. “The value o.

U.S. Housing Market Nears $50 Trillion in Value as Number of Trillion-Dollar Metros Doubles

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Mortgage rates dropped to their lowest level since April 2023 early this week, falling to a daily average of 6.34% on August 5, according to a new report from Redfin, the technology-powered real estate brokerage. Rates fell after a weaker-than-expected jobs report stoked recession fears; they have since ticked up, but they're still near the lowest level in over a year. Home prices are also falling from their peak: The median sale price was $389,750 dur.

Redfin Reports Mortgage Rates Drop to Lowest Level in Over a Year, Prompting Some House Hunters to Ramp Up Touring

Shares of Redfin continued to decline after posting disappointing Q2 results. The company expects its real estate division to see revenue shrink in the single digits in Q3. New rules for the U.S. real estate industry will take effect in August, which are likely to reduce overall commissions as well as buy-side work for Redfin.

Redfin: Trapped In Bad Conditions

Redfin Corporation (NASDAQ:RDFN ) Q2 2024 Earnings Conference Call August 6, 2024 4:30 PM ET Company Participants Meg Nunnally - Head of Investor Relations Glenn Kelman - Chief Executive Officer Chris Nielsen - Chief Financial Officer Conference Call Participants Jason Helfstein - Oppenheimer Ryan McKeveny - Zelman & Associates Ygal Arounian - Citigroup John Campbell - Stephens Inc. Curtis Nagle - Bank of America Jay McCanless - Wedbush Operator Good day, ladies and gentlemen and welcome to the Redfin Corporation Second Quarter 2024 Earnings Conference Call. Our host for today's call is Meg Nunnally, Head of Investor Relations.

Redfin Corporation (RDFN) Q2 2024 Earnings Call Transcript

Although the revenue and EPS for Redfin (RDFN) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Redfin (RDFN) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

Redfin (RDFN) came out with a quarterly loss of $0.23 per share versus the Zacks Consensus Estimate of a loss of $0.27. This compares to loss of $0.25 per share a year ago.

Redfin (RDFN) Reports Q2 Loss, Tops Revenue Estimates

SEATTLE--(BUSINESS WIRE)--Redfin Corporation (NASDAQ: RDFN) today announced results for its second quarter ended June 30, 2024. Second Quarter 2024 Second quarter revenue was $295.2 million, an increase of 7% compared to the second quarter of 2023. Gross profit was $109.6 million, an increase of 9% year-over-year. Real estate services gross profit was $53.7 million, a decrease of 4% year-over-year, and real estate services gross margin was 29%, compared to 31% in the second quarter of 2023. Net.

Redfin Reports Second Quarter 2024 Financial Results

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN)—Nearly one in every five (17.3%) house hunters are willing to sacrifice their physical safety to find a home they can afford within the next year, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Nearly one in four (23.7%) Gen Z respondents said they are willing to live somewhere less safe for the right price, compared to 18.1% of millennials and 17.5% of Gen Xers. Only 5.5% of Baby Boomers said they would.

Redfin Reports Nearly 25% of Gen Z House Hunters Are Willing to Sacrifice Safety to Afford a Home

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Scores of people are moving to the parts of America endangered by wildfires, flooding and extreme heat—even as those dangers become more frequent and intense—according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. America's high-fire-risk counties saw 63,365 more people move in than out in 2023. Much of that net inflow was people moving to Texas. But the story differs from state to state; among California's hig.

Thousands More People Are Moving In Than Out of Fire- and Flood-Prone America, Fueled by Migration to Texas and Florida

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — The typical U.S. home seller pays a 2.55% commission to the real estate agent hired by their home's buyer, according to an analysis of MLS data by Redfin, the technology-powered real estate brokerage. That's down from an average of 2.62% in January. Commissions have been gradually declining over the past decade, from an average of 2.89% in 2013 to 2.66% in 2023. It's possible that news of a legal settlement by the National Association of Realtors (NAR).

Typical Buyer's Agent Earns 2.55% in Commission, a Rate That Has Declined Since the NAR Settlement Was Announced in March, Redfin Reports

SAN JOSE, Calif.--(BUSINESS WIRE)--Bismarck State College is expanding its educational technology stack with the addition of the YuJa Verity Test Proctoring Platform.

Bismarck State College Adds YuJa Verity Test Proctoring Platform, Live Proctoring, and Lockdown Proctoring App to its Ed-Tech Solutions

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) — The number of renter households in America grew 1.9% year over year in the second quarter to a record 45.2 million, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That's over three times faster than the number of homeowner households, which grew 0.6% to a record 86.3 million. The number of renter households grew at the second-fastest pace since 2021, while the number of homeowner households grew at the.

Redfin Report: America's Renter Population Is Growing Three Times Faster Than Its Homeowner Population Amid Rise in Homebuying Costs

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — The median U.S. monthly housing payment was $2,667 during the four weeks ending July 28, its lowest level since March. That's according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Payments are declining because mortgage rates and sale prices are falling: The weekly average mortgage rate is 6.78%, down from May's five-month high of 7.22%. The median home-sale price is $392,563, down nearly $4,000 from its earl.

Redfin Reports Homebuyers Aren't Yet Reacting to Lower Mortgage Rates, With Pending Sales Posting Biggest Year-Over-Year Decline in 9 Months

Redfin CEO Glenn Kelman pulled the curtain back on the U.S.'s 'somewhat slow' real estate market during an appearance on 'Cavuto: Coast to Coast.'

Redfin CEO says housing market is in a 'funk' as homebuyers weigh election uncertainty

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — The typical U.S. luxury home sold for a record $1,180,000 in the second quarter, up 8.8% from a year earlier—the biggest increase in nearly two years. Non-luxury home prices grew at less than half that pace, rising 3.8% to a record high median of $342,500, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Redfin defines luxury homes as those estimated to be in the top 5% of their respective metro area bas.

Luxury Home Prices Spike 9% to All-Time High

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) — The typical U.S. homebuyer's monthly housing payment was $2,671 during the four weeks ending July 21, the lowest level in four months and down $166 from the record high set at the end of April. That's according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Housing payments are falling because mortgage rates are falling: The weekly average mortgage rate has declined to 6.77%, its lowest level since March, as inf.

Redfin Reports Typical Homebuyer's Monthly Payment Drops to Lowest Level in 4 Months

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) — Nearly two-thirds (64.7%) of homes that were on the market in June had been listed for at least 30 days without going under contract, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That's up from 59.6% a year earlier, marking the biggest annual increase in a year, and the highest share of any June since 2020. June was the fourth straight month in which the portion of homes sitting on the market for at.

Redfin Reports 65% of Home Listings Have Been Sitting on the Market Longer Than a Month, Up From 60% a Year Ago

SEATTLE--(BUSINESS WIRE)--Redfin Corporation (NASDAQ: RDFN) will release second-quarter 2024 results after the stock market closes on Tuesday, August 6, 2024. 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 peo.

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