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.

Technology & Development

Marketing

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Year over year growth in Revenue and Operating Expenses.

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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

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Earnings data Q4 2021

Earnings data Q1 2022

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Earnings data Q4 2022

Earnings data Q1 2023

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Earnings data Q1 2024

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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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Minority interest

Total liabilities & equity

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Book value per share

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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.

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — More than four in five (86%) luxury homebuyers rank double vanities as must-haves when searching for a home, making them the most asked-for kitchen and bathroom features among high-end buyers this year. Next come kitchen islands and granite or quartz countertops, with 85% of luxury buyers asking their agents for each of them, followed closely by walk-in pantries (83%). This is according to a survey commissioned by Redfin, the technology-powered real es.

What Luxury Homebuyers Want: Double Vanities, Kitchen Islands Are the Most Sought-After Amenities, According to a Redfin Agent Survey

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — U.S. home prices rose 0.3% month over month in May—the smallest increase on a seasonally adjusted basis since January 2023, per a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Prices climbed 7.2% from a year earlier, but annual growth showed signs of plateauing. This is according to the Redfin Home Price Index (RHPI), which uses the repeat-sales pricing method to calculate seasonally adjusted changes in prices of si.

U.S. Home Prices Are Rising at the Slowest Pace in Nearly a Year and a Half

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) — Home sales fell 1.7% month over month in May on a seasonally adjusted basis and dropped 2.9% from a year earlier, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. There have been just two months in the past decade with fewer home sales: October 2023, when mortgage rates jumped to a 23-year high, and May 2020, when the onset of the pandemic brought the housing market to a halt and home sales to a record l.

Redfin Reports Homes Sales Fell to One of the Lowest Levels on Record in May

Redfin (RDFN) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.

Redfin (RDFN) Moves 5.3% Higher: Will This Strength Last?

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) — The median U.S. home-sale price hit an all-time high of $394,000 during the four weeks ending June 9, up 4.4% year over year—the biggest increase in about three months. That's according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. There are signs that home-price growth could ease soon. Asking prices have leveled off, and 6.5% of home sellers are cutting their asking price, on average, the highest share since N.

Redfin Reports U.S. Home Prices Hit Another Record High, But Mortgage Rates Are Starting to Decline—Which Could Give Buyers Relief

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — More than three in five (61.9%) homes that were on the market in May 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 60% one year earlier and roughly 50% two years earlier. The share of homes sitting on the market for at least one month has been increasing year over year since March, when growth in new listings accelerated.

More Than 3 in 5 Home Listings Are Now ‘Stale' As Record-High Costs Dampen Demand

Home prices will fall this summer as owners cave to selling pressure, according to Redfin's CEO. The real estate brokerage is anticipating a 1% price drop by the end of the year.

Home prices will go down this summer as sellers can't postpone listing any longer, Redfin CEO says

ATLANTA--(BUSINESS WIRE)--(NASDAQ: RDFN) — Rent., a leading marketing platform for the multifamily rental industry, today announced that Damon Joshua has joined the company as President. With more than 25 years of sales leadership experience and a strong track record of driving revenue growth, Damon will bring his strategic vision to guide Rent.'s roadmap as it continues to meet the needs of the rapidly changing multifamily industry. He will direct Rent.'s overall strategy and operations and gr.

Damon Joshua Joins Rent. as President

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) —The median U.S. asking rent rose 0.8% year over year in May to $1,653 — the highest level since October 2022, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That's the second consecutive increase (rents climbed 0.9% year over year in April) following 11 months of decreases. Rents rose 0.5% on a month-over-month basis. Apartment prices are closely tied to apartment supply. Multifamily construction surged.

Redfin Reports U.S. Asking Rents Ticked Up for Second Straight Month in May, Hitting Highest Level Since 2022

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Housing markets in western Florida are cooling faster than anywhere else in the country as natural disasters intensify, new construction soars and the pandemic-era homebuying demand boom fades further into the rearview mirror. That's according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. North Port's housing market is cooling fastest, followed by Tampa and Cape Coral. There are three other Florida metros on th.

Housing Markets on Florida's West Coast Are Cooling Faster Than Anywhere Else in the U.S., With Supply Rising and Demand Falling

After reaching an important support level, Redfin (RDFN) could be a good stock pick from a technical perspective. RDFN surpassed resistance at the 20-day moving average, suggesting a short-term bullish trend.

Redfin (RDFN) Crossed Above the 20-Day Moving Average: What That Means for Investors

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Home-sale prices are declining year over year in four major U.S. metros, three of them in Texas: Austin (-2.9%), San Antonio (-1.2%), Fort Worth (-1.2%) and Portland, OR (-0.9%). The last time prices fell in four or more metros was in January, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Nationwide, prices rose 4.4% from a year earlier to an all-time high during the four weeks ending June 2. But ther.

Home Prices Are Falling in 3 Texas Metros and Portland, Oregon as High Rates Cool Demand for the Former Hotspots

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) — One in six (16.6%) U.S. renters stayed in their home for 10 years or more in 2022, up from 13.9% a decade earlier. That's according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Redfin also analyzed renter tenure by other timeframes: 5-9 years: One in six (16.4%) lived in their home for five to nine years in 2022, up from 14% a decade earlier. 1-4 years: The lion's share of renters stay put for one to four year.

Redfin Reports Renters Are Staying Put Longer, With 1 in 6 Now Living in The Same Home For 10 Years or More

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN)—Nationwide, 6.4% of home sellers cut their asking price during the four weeks ending May 26, on average, the highest share since November 2022. That's according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. The median asking price dropped roughly $3,000 to $416,623 in the last week, the first decline in six months. Additionally, for-sale supply is growing more stale: Age of inventory (the typical number of days a.

Redfin Reports Price Drops Hit Highest Level in 18 Months As High Rates Dampen Buyer Demand

SEATTLE--(BUSINESS WIRE)--Redfin Corporation (NASDAQ: RDFN) today announced that Chief Financial Officer Chris Nielsen will present at the following event: BofA Securities 2024 Global Technology Conference Wednesday, June 5, at 10:00 a.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 brokerage, r.

Redfin to Present at BofA Securities 2024 Global Technology Conference

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) —The median U.S. home-sale price hit a record $387,600 during the four weeks ending May 19, up 4% from a year earlier. That's according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Weekly average mortgage rates dipped to 7.02% from a five-month high of 7.22% at the start of the month, bringing the median monthly housing payment to $2,854, roughly $20 shy of April's all-time high. High housing costs pushed pendin.

Redfin Reports Home Prices Hit Another Record High, Pushing Pending Sales Down 4%

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — U.S. home prices climbed 0.5% from a month earlier in April on a seasonally adjusted basis, and rose 7.3% from a year earlier, per a new report from Redfin (redfin.com), the technology-powered real estate brokerage. This is according to the Redfin Home Price Index (RHPI), which uses the repeat-sales pricing method to calculate seasonally adjusted changes in prices of single-family homes. The RHPI measures sale prices of homes that sold during a given p.

U.S. Home Prices Continue Their Ascent, Even as High Costs Deter Homebuyers

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — One-third (33.4%) of single-family homes for sale in the U.S. in the first quarter were newly built, essentially unchanged from a year earlier but down from a record-high 34.5% two years earlier. That is according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. The portion of housing supply that's newly built is still roughly double pre-pandemic levels. Newly built homes have taken up an outsized portion of inven.

One-Third of Houses For Sale Are Newly Built, Just Shy of the Record High

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) —Two in five (39.7%) new mortgages issued in 2023 went to homebuyers under 35, and 26.5% went to buyers aged 35-44. Next came 45-54 year olds, who took out 16.1% of new mortgages, 55-64 year olds (10.8%), and 65-74 year olds (5.4%). That's according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. This is according to Redfin's analysis of Home Mortgage Disclosure Act (HMDA) data covering purchases of primary homes.

Redfin Reports Gen Zers and Young Millennials Took Out 40% of U.S. Mortgages in 2023

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — The median U.S. home sale price rose 6.2% year over year in April to $433,558—the highest level on record, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Today's housing market is much slower than it was during the pandemic homebuying boom, but prices continue climbing because there still aren't enough homes to go around. New listings increased 1.7% month over month in April on a seasonally adjusted ba.

Redfin Reports the Median U.S. Home Price Hit an All-Time High of $434,000 in April

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Redfin announced today it is expanding the Redfin Next agent compensation plan to 25 additional markets. Under Redfin Next, agents in these markets earn competitive splits as high as 70%, have virtually all business expenses covered, and get technology, support, benefits and customer introductions from Redfin.com, the #1 brokerage site in the United States. “Redfin Next has proven to be even better than we imagined at igniting our salesforce, helping u.

Redfin Expands Redfin Next Agent Pay Plan to 25 Additional Markets

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) —The median asking rent in Seattle fell 7.3% year over year in April, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That's the biggest drop among the U.S. metros Redfin analyzed. Next came nine Sun Belt metros: Austin, TX (-6.6%), Nashville, TN (-5.9%), Jacksonville, FL (-5.6%), Miami (-5%), San Diego (-4.7%), Phoenix (-4.6%), Charlotte, NC (-4.5%), Tampa, FL (-4.3%) and Orlando, FL (-3.2%). Metro-level.

Redfin Report: The Sun Belt Is Seeing Some of the Biggest Rent Declines in America

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) —Pending home sales fell 4.3% from a year earlier during the four weeks ending May 12, the biggest decline in roughly three months. That's according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Pending home sales also posted a week-over-week decline, unusual for early May. Inventory is losing momentum, too, as would-be sellers stay put to hang onto their low mortgage rate. New listings rose 10% year over year, b.

Redfin Reports Mortgage Rates Dip Below 7% For First Time in 5 Weeks, Giving Buyers Some Much-Needed Relief

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Real estate investors bought roughly 44,000 U.S. homes in the first quarter of 2024, up 0.5% from a year earlier—the first increase since the second quarter of 2022. That is according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Investor activity in the housing market is stabilizing following several years of dramatic ups and downs. Investor home purchases more than doubled during the pandemic homebuying boom.

Redfin Reports Investor Home Purchases Rise for the First Time in Nearly Two Years

After reaching an important support level, Redfin (RDFN) could be a good stock pick from a technical perspective. RDFN surpassed resistance at the 200-day moving average, suggesting a long-term bullish trend.

News for Redfin Stock (RDFN)