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

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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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) — One-quarter (25%) of recent homebuyers who have kids living at home received a cash gift from family to help fund their down payment, more than double the 12% of recent buyers without kids who received such a gift, according to a new survey from Redfin (redfin.com), the technology-powered real estate brokerage. Homeowners with kids living under their roof are also more likely to receive family help for mortgage payments. One in six (17%) homeowners wit.

Homebuyers With Kids Are Twice as Likely to Get Family Help for Down Payments Than Those Without Kids

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — New listings of homes for sale are up 7.6%, the biggest year-over-year increase since June (except the four weeks ending November 24, when the increase was inflated due to Thanksgiving), according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. This is based on data from the four weeks ending December 15. There are several reasons more sellers are putting their homes on the market. One, home prices are high; the.

Redfin Reports More Sellers Are Listing Their Homes, Hoping to Cash in on High Prices and Demand From Buyers

Federal Home Loan Mortgage Corporation

Federal National Mortgage Association

United Wholesale Mortgage

Zillow

Home buyers are expected to see more for-sale listings and lower mortgage rates in 2025.

Why one of the biggest U.S. mortgage lenders expects housing demand to double in 2025

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Existing home sales rose 0.7% month over month in November to a seasonally adjusted annual rate of 4,269,85—the highest level since March 2023. They jumped 4.5% year over year—the largest annual increase since July 2021, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. A seasonally adjusted annual rate is not a measurement of actual total sales for the year, but rather, the pace of sales at a given time.

Existing Home Sales Rise to Highest Level in Over a Year and a Half

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Older Americans are more likely than younger Americans to buy homes in places with significant climate risk, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Over one-third (36.9%) of home purchases made by people 65 and older last year were in counties with high risk of extreme heat, compared with less than one-third (32.3%) of home purchases made by people under 35. The trend holds true for flood and f.

Redfin Reports Older Americans Are More Likely to Buy Disaster-Prone Homes Than Younger Americans

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) — Asking rents for newly constructed apartments rose 1.5%—the biggest year-over-year increase in 18 months—to a median $1,802 in the third quarter. That's according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. The rise in rents came after two consecutive quarters where rents for new apartments fell by more than 7%. The median rent for newly constructed apartments bounced back above $1,800 in the third quarter fo.

Redfin Reports Asking Rents for Newly Built Apartments Rise 1.5%, the Biggest Spike in 18 Months

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Less than half (46.7%) of U.S. renters feel a sense of belonging in their neighborhood, compared with almost two-thirds (63.6%) of homeowners, according to a new survey from Redfin (redfin.com), the technology-powered real estate brokerage. Just 38.9% of renters feel they have things in common with their neighbors, compared with 58.5% of homeowners. And renters are more likely to avoid neighbors; 41.6% try to avoid interacting with their neighbors, ver.

Renters Are Less Likely Than Homeowners to Feel a Sense of Belonging in Their Neighborhood

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Home tours, mortgage applications and pending sales are rising as mortgage rates decline from the four-month high they hit in late November, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Mortgage rates are declining after last week's cooler-than-expected jobs report made it clear the Fed will cut interest rates again this month. The average weekly rate is 6.69%, down from a four-month high of 6.84% tw.

Redfin Reports Homebuying Demand Sitting Near Highest Level Since Early Spring As Mortgage Rates Fall

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) — The median U.S. asking rent fell 0.7% year over year in November to $1,595, the lowest level since March 2022. That's according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Rents were down 1.1% on a month-over-month basis. The median rent is now 6.2% lower than when it hit an all-time high of $1,700 in August 2022. Highlighting improved rental affordability, November marked the 19th consecutive month where the.

Redfin Reports Asking Rents Fall 0.7% to Lowest Level Since March 2022

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) — A U.S. renter on a $2,000-a-month budget can afford an apartment that is more than 70 square feet larger today than it was when rents peaked in mid-2022. That's according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. The median U.S. apartment asking rent in October was $1,615. That equates to a median price per square foot of $1.81, meaning the projected apartment size for a $2,000 budget would be 1,103 square.

Redfin Reports Renters on a $2,000 Budget Can Afford 70 More Square Feet Than They Could During the Pandemic—Enough for a Small Office

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Decking the halls just got a lot easier with a little help from Redfin Redesign. Home buyers and homeowners alike can now use Redfin's AI-powered home design tool to transform home images with holiday decor inspiration. In the time it takes to hang a stocking, you can add inviting features like lights and garlands to a home listing or identify the perfect spot to hang seasonal decor in your own living room. By leveraging Roomvo's cutting-edge AI techno.

Deck the Halls with Redfin Redesign

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Redfin's Homebuyer Demand Index is sitting near its highest level since September 2023, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Redfin's Homebuyer Demand Index—a seasonally adjusted measure of tours and other buying services from Redfin agents—is up 7% year over year. Mortgage-purchase applications are up 17% month over month to their highest level since late January. Pending home sales rose 6.5.

Redfin Reports More Buyers Are Touring Houses, Applying For Mortgages As We Enter 2024's Home Stretch

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Redfin's economists expect there will be more home sales in 2025, largely due to pent-up demand. But some would-be homebuyers will still be priced out, with home prices climbing and mortgage rates remaining near 7%. That's according to annual housing market predictions from Redfin (redfin.com), the technology-powered real estate brokerage. Prediction 1: Home Prices Will Rise 4% Redfin expects the median U.S. home-sale price to rise steadily throughout.

Redfin's 2025 Predictions: Pent-Up Demand Will Lead to More Home Sales, But Many Would-Be Buyers Will Opt to Rent

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — U.S. pending home sales rose 12.1% year over year during the four weeks ending November 24, the biggest increase since May 2021. That's according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. One reason for the outsized increase is that early-stage homebuying demand, including home tours, boomed in the two weeks following the presidential election. But another notable reason is that Redfin is comparing it to a.

Redfin Reports Pending Home Sales Rise After Post-Election Surge in Home Tours

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Just over one in five (22%) U.S. renters say all of their regular income goes directly to paying their rent, according to a new survey from Redfin (redfin.com), the technology-powered real estate brokerage. Working a second job is also a fairly common way for renters to pay housing costs, with 20% of renters citing that method. Nearly the same share (19%) say they have worked a job they hated to afford rent. One in seven (14%) renters have used a cash.

More Than 1 in 5 Renters Say Their Entire Paycheck Goes to Rent: Redfin Survey

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Real estate investors purchased 2.3% fewer homes in the third quarter than they did a year earlier, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. The small size of the change is notable because it comes after four years of huge swings driven by the wild pandemic-era housing market. For instance, investor purchases surged as much as 144% year over year in 2021, then dropped as much as 47% last year. In.

Redfin Reports Investor Home Purchases Plateau After a Pandemic-Era Rollercoaster Ride

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Homebuyers are jumping into the market now that the election has passed and the Fed has cut interest rates for the second time in a row. That's according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. The number of people contacting Redfin agents for help buying and/or selling their home is up by double digits from a year ago. Redfin's Homebuyer Demand Index–a seasonally adjusted measure of those contacts–rose 1.

Redfin Reports Early-Stage Homebuying Demand Jumps to Its Highest Level in 15 Months Despite High Mortgage Rates

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Nearly one in seven (13.7%) home hunters say a concern for natural disasters or climate risks in their area is a reason they are likely to move in the next year, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Even more (17.5%) say a concern for safety/crime is prompting them to move. That's according to a Redfin-commissioned survey conducted by Ipsos in September 2024. The survey was fielded to 1,802 U.

Redfin Survey: 18% of Home Hunters Say Safety/Crime is a Reason They're Moving, 14% Cite Climate Risks

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — For the first time since 2010, homes facing low risk from natural disasters are rising in value faster than homes facing high risk, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. The total value of U.S. homes facing low risk of extreme heat is up 7% year over year to $17.7 trillion. The total value of homes facing high risk of extreme heat is up 6.3% to $29.7 trillion. The total value of homes facing l.

Homes With Low Natural Disaster Risk Are Rising in Value Faster Than Homes With High Risk for the First Time in Over a Decade

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) — Florida is home to the five U.S. metropolitan areas where pending home sales are falling fastest, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. In Fort Lauderdale, pending sales dropped 15.2% year over year during the four weeks ending November 10—the biggest decline among the U.S. metropolitan areas Redfin analyzed. Next came Miami (-14%), West Palm Beach (-13.8%), Jacksonville (-9.5%) and Tampa (-7.

Redfin Reports Home Sales Sink Across Florida Amid Hurricane Recovery, Surging HOA and Insurance Costs

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — U.S. home prices grew 0.5% from a month earlier in October on a seasonally adjusted basis, matching September's increase, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. On a year-over-year basis, home prices rose 5.9%, the lowest annual increase since December. This is according to the Redfin Home Price Index (RHPI), which uses the repeat-sales pricing method to calculate seasonally adjusted changes in.

U.S. Home Prices Rose 0.5% in October, Marking a Year of Consistent Growth

The real estate technology company hasn't exactly posted stellar numbers lately.

Did Redfin Just Give Investors a Red Flag?

SEATTLE--(BUSINESS WIRE)--Redfin Corporation (NASDAQ: RDFN) today announced that Chief Financial Officer Chris Nielsen will present at the following event: 4th Annual Needham Consumer Tech / Ecommerce Virtual Conference Monday, November 25, at 11:45 a.m. ET 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 w.

Redfin to Present at 4th Annual Needham Consumer Tech / Ecommerce Virtual Conference

Real estate stock Redfin Corp (NASDAQ:RDFN) is down 4.7% at $7.98 at last check, after a downgrade from Goldman Sachs to "sell" from "neutral.

Redfin Stock Slips on Goldman Sachs Downgrade

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) — Nearly three-quarters (74%) of U.S. residents who earn less than $50,000 per year sometimes, regularly or greatly struggle to afford their regular mortgage or rent payments. That's according to a new survey commissioned by Redfin (redfin.com), the technology-powered real estate brokerage. Of those people, nearly one-quarter (24%) report they have skipped meals to afford their monthly housing costs. That's one of the most commonly cited sacrifices among.

News for Redfin Stock (RDFN)