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.

Redfin (RDFN) made it through our 'Fast-Paced Momentum at a Bargain' screen and could be a great choice for investors looking for stocks that have gained strong momentum recently but are still trading at reasonable prices.

Despite Fast-paced Momentum, Redfin (RDFN) Is Still a Bargain Stock

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Deals to purchase homes are falling through at a record rate as high housing costs give buyers cold feet, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Nearly 56,000 home-purchase agreements were canceled in June, equal to 14.9% of homes that went under contract that month—the highest percentage of any June on record. House hunters are having trouble committing because buying a home is more expensive.

Cold Feet: Homebuyers Backed Out of Deals at a Record Rate in June

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — U.S. home prices rose 0.2% in June, the smallest month over month increase since January 2023 on a seasonally adjusted basis, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Prices in June were still up 6.9% from a year earlier, the lowest annual growth since January. This is according to the Redfin Home Price Index (RHPI), which uses the repeat-sales pricing method to calculate seasonally adjusted chan.

Redfin Reports Home Prices Keep Climbing, But at Slowest Pace Since Early 2023

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) — The typical U.S. homebuyer's monthly housing payment was $2,722 during the four weeks ending July 14, $115 lower than April's all-time high, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That's despite home prices sitting just about $100 shy of last week's record high. Daily average mortgage rates have dropped to their lowest level since February after last week's cooler-than-expected inflation report.

Redfin Reports Typical Monthly Housing Payment Drops to $115 Below Record As Mortgage Rates Decline, But House Hunters Are Still Waiting on the Sidelines

Wall Street predicts the Federal Reserve will lower interest rates three times before the end of 2024. That expectation has driven a surge in shares of real estate technology company Redfin this month.

This Unstoppable Stock Is Up 41% in July, but It's Not Too Late to Buy

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — The median monthly housing payment for homebuyers in swing states has nearly doubled since the 2020 presidential election, rising 92% to an all-time high of $2,161, as both home prices and mortgage rates have soared. This is according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Housing costs have also skyrocketed in red and blue states since 2020: Homebuyers' median housing payment has risen 95% to a record $.

In Swing States, Typical Homebuyer's Monthly Payment Has Nearly Doubled Since The Last Presidential Election

Redfin (RDFN) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.

Redfin (RDFN) Soars 7.7%: Is Further Upside Left in the Stock?

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — A homebuyer on a $3,000 monthly budget can afford a $447,750 home with a 6.85% mortgage rate, the daily average as of July 11, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That buyer has gained $22,500 in purchasing power since mortgage rates hit a five-month peak in April, when they could have bought a $425,500 home with an average rate of 7.5%. Mortgage rates dropped to their lowest level since Mar.

Falling Mortgage Rates, Rising Supply Create Opportunity for Homebuyers This Summer, Even Amid Record-High Prices

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) — The median U.S. home-sale price hit an all-time high of $397,482 during the four weeks ending July 7, up 4.7% year over year—the biggest increase in over four months. That's according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. This marks the ninth straight week the median sale price has reached a new record high. Sale prices have remained stubbornly high despite elevated mortgage rates pushing down homebuyin.

Redfin Reports Home-Sale Prices Hit a Record High For the 9th Straight Week

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) —The median apartment asking rent in America rose 0.7% year over year in June to $1,654, the biggest gain in over a year and the highest median price since October 2022. That's according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Florida is bucking the national trend. The Sunshine State's four most populous metro areas are seeing rent prices decline. Jacksonville's median asking rent fell 12.4% year over year.

Redfin Reports Rent Prices Are Dropping Across Florida's Most Populous Metros

Redfin (RDFN) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

Redfin (RDFN) Upgraded to Buy: Here's What You Should Know

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) —Builders obtained permits to construct 13 multifamily housing units for every 10,000 people in the U.S. so far this year, down nearly 30% from an average of 18 during the same periods in 2021-2023. That's according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. The report is based on a Redfin analysis of U.S. Census Bureau data covering building permits for multifamily units in buildings with five or more units d.

Redfin Reports Permits to Build U.S. Apartments Have Dropped Nearly 30% Since the Pandemic

NEW YORK--(BUSINESS WIRE)--Intenseye, the leader in AI-powered workplace safety software, has introduced product enhancements that further empower safety and operations leaders to proactively measure safety performance, optimize resource allocation, and prevent incidents at scale. The company's new Leading Indicators module, featuring a first-of-its-kind Global View, provides real-time visibility into actionable safety metrics across facilities enterprise-wide. The offering reaffirms Intenseye.

Intenseye's Latest AI-Powered Innovations Set New Benchmark for Workplace Safety Management at Scale

CLEVELAND--(BUSINESS WIRE)--The CBIZ Small Business Employment Index (“SBEI”) reported a seasonally adjusted decrease of 0.08% in June, a month that typically sees positive hiring momentum due to seasonal trends. The CBIZ SBEI tracks payroll and hiring trends for over 2,900 companies that have 300 or fewer employees, providing broad insight into small business trends. The Bureau of Labor Statistics' employment report indicated hiring growth that met expectations. The June reading showed an over.

Small Business Hiring in June Reveals a Flat Reading

B&G Foods

Barnes & Noble Education

Denny's

Hawaiian Electric Industries

JetBlue Airways

Nikola

Many penny stocks have potential to break through the “penny stock ceiling” of $5 per share. Conversely, a great deal of stocks are trading above “penny stock territory,” which could be best described as doomed penny stocks.

7 Doomed Stocks on a One-Way Trip to Penny Stock Territory

Beyond Meat

ChargePoint Holdings

iHeartMedia

Terran Orbital Corp

Virgin Galactic

Exela Technologies

Almost all investors have mistakenly held onto a stock, hoping it'll bounce back, only to watch it plummet further. Regardless, they still often bounce back in the long run if you go after profitable companies.

7 Stocks to Sell ASAP Before They File for Bankruptcy

Archer Aviation

Nerdy

One of the best ways to spot smaller opportunities is by tracking small-cap stocks with insider buying. After all, if the company's Chief Executive Officer, Chief Financial Officer, board member, or director is buying, it's a good idea to start looking into why.

3 Small-Cap Stocks Insiders Are Buying Hand Over Fist

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) — Pending home sales posted their biggest decline since February during the four weeks ending June 30, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. The median sale price rose 5% from a year ago, hitting an all-time high. New listings jumped 10%. Redfin issued a shortened report due to the Fourth of July holiday; full data is provided below: For Redfin economists' takes on the housing market, please vis.

Redfin Reports U.S. Home Prices Hit New All-Time High, Pushing Pending Sales Down 5%

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) — Less than half (47%) of newly constructed apartments that were completed in the fourth quarter were rented within three months, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That's down from 60% a year earlier and is the lowest seasonally-adjusted share on record aside from the first quarter of 2020, when the onset of the pandemic brought the housing market to a halt. New apartments are taking longer.

Redfin Reports Newly Built Apartments Are Filling Up at the Slowest Pace Since 2020

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) —The typical Black household can afford a starter home in just 10 of the 50 most populous U.S. metros, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. The typical white family can afford a starter home in 32 of those metros, over three times more. This is using the rule of thumb that a household should spend no more than 30% of their income on monthly housing costs. Redfin uses the words “household” and “.

Starter Homes Are Affordable to the Typical Black Family in Just 10 Major U.S. Metros

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) — The typical U.S. home that sold during the four weeks ending June 23 sold for 0.3% less than its asking price, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. This marks the first time the typical home has sold under list price this time of year since the onset of the pandemic in 2020, when the housing market nearly ground to a halt. The typical home sold for exactly its list price one year ago, and rou.

Redfin Reports the Typical Home Is Selling for Less Than List Price, the First Time That Has Happened in Late Spring Since Start of Pandemic

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Redfin (www.redfin.com), the technology-powered real estate company, today launched several enhancements to Redfin Redesign, its AI-powered home design tool. Previously available on select home listings, any homeowner can now upload a photo of their home and use Redfin Redesign to see how it would look with different design and decor choices. Powered by Roomvo (roomvo.com), a leading room visualization platform, Redfin Redesign can now be used by both.

Homeowners Can Now Use Redfin to Redesign Their Home Photos

The Consumer Price Index (CPI) hit a 40-year high in June 2022. The Federal Reserve aggressively hiked interest rates to tame inflation, which put the brakes on real estate sales.

1 Super Stock Down 93% to Buy Before the Fed Cuts Interest Rates

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) —The typical U.S. renter household earns an estimated $54,712 per year, 17.3% less ($11,408 in dollar terms) than the $66,120 needed to afford monthly rent for the median-priced U.S. apartment ($1,653). That's according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Only 39% of renters make enough to afford the median-priced apartment. The amount renters must earn to afford the median-priced apartment is at the hi.

Redfin Reports Only 39% of Renters Make Enough Money to Afford the Median-Priced Apartment

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) — Pending home sales fell 3.8%, the biggest year-over-year decline in nearly four months, during the four weeks ending June 16. That's according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Buyers are shying away from earlier steps in the house-hunting process, too: Redfin's Homebuyer Demand Index, a measure of requests for tours and other buying services from Redfin agents, declined 17% year over year to its lo.

News for Redfin Stock (RDFN)