Revenue segments as reported by the company.

Service

Product

Real estate services

Rentals

Mortgage

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Corporate overhead

Revenue Segments

Gross Profit, Operating Income, and Net Income as a percentage of Revenue

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

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Marketing

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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

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Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

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Earnings data Q1 2024

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Earnings data Q3 2024

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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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Cost of revenue

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Net PPE

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Current liabilities

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Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

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Purchase/sale of investments

Purchase/sale of business

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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.

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) — Redfin's Homebuyer Demand Index—a measure of requests for tours and other buying services from Redfin agents—rose 6% from a week earlier during the week ending January 28, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. An additional measure of showings also signals tours have ticked up over the last week. More buyers are touring homes because mortgage rates are holding steady below 7%, down from 8% thi.

Redfin Reports More People Are Touring Homes, But That Hasn't Yet Translated to More Sales

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — The typical U.S. luxury home sold for a record $1.17 million in the fourth quarter, up 8.8% from a year earlier, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Prices of non-luxury homes increased at half the pace, rising 4.6% year over year to a record $340,000. This is according to an analysis that divided all U.S. residential properties into tiers based on Redfin Estimates of the homes' market value.

Redfin Reports Luxury Home Prices Hit All-Time High As Record Share of High-End Buyers Pay Cash

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — The Bay Area had a net outflow of 26,000 homebuyers in the fourth quarter, down 13% year over year, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. The analysis of home search activity on Redfin.com found the flow of homebuyers looking to move away from the Bay Area was down nearly 50% from its September 2021 peak during the pandemic-driven remote work boom. “If San Francisco could talk, it would quote.

Homebuyers are Leaving the Bay Area at Half the Pandemic-Era Rate

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — A homebuyer on a $3,000 monthly budget has gained nearly $40,000 in purchasing power since mortgage rates peaked this past fall, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. A $3,000 monthly budget will buy a $453,000 home with a 6.7% mortgage rate, roughly this week's average. That's compared to the $416,000 home the same buyer could have purchased in October with an average rate of 7.8%. To look at.

Homebuyers on a $3,000 Monthly Budget Have Gained $40,000 in Purchasing Power Since Mortgage Rates Peaked Last Fall

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) —The median U.S. home-sale price rose 5.1% during the four weeks ending January 21, the biggest increase since October 2022, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Asking prices rose 6.5% which is also the biggest increase since October 2022. Prices are rising for a few reasons. One, inventory is still quite low. The total number of homes for sale is down 4% year over year. And while new listings.

Redfin Reports Price Growth Starts the Year Strong But Harsh Weather Freezes Out Some Would-Be Homebuyers

MercadoLibre

Some of my favorite stocks have significantly outperformed the stock market in the past year, but that doesn't mean they're expensive. MercadoLibre still has a massive market opportunity and excellent momentum.

2 Stocks Up 40% or More in a Year That I'm Going to Keep Buying in the New Bull Market

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — U.S. home prices climbed 0.4% month over month in December—the smallest increase since June—according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. December represented the third straight month of slowing price growth. On a year-over-year basis, prices rose 6.6%. This is according to the Redfin Home Price Index (RHPI), which is similar to the S&P CoreLogic Case-Shiller Home Price Indices but publishes more.

Redfin Home Price Index: Prices Rose 0.4% in December—the Smallest Increase in Six Months

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Pending home sales rose 4.1% month over month in December on a seasonally adjusted basis–the biggest increase since September 2021–to the highest level in more than a year. That's according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. They climbed 5.9% from a year earlier, the biggest annual gain since June 2021. Pending sales jumped because a steep drop in mortgage rates lured buyers to the market. The averag.

Redfin Reports Pending Home Sales Rose 4% in December—Biggest Jump in Over Two Years

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Mortgage-purchase applications are up 8% from a month ago, and Redfin agents report that lower mortgage rates are piquing buyers' interest, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. On the sell side, new listings increased 8% year over year during the four weeks ending January 14. Buyers and sellers are making moves largely because mortgage rates are holding steady in the mid-6% range, down from 8.

Redfin Report: Housing-Market Activity Is Picking Up in 2024, But Severe Winter Weather Keeps Some Buyers and Sellers on the Sidelines

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Empty-nest baby boomers own nearly 3 in 10 (28.2%) large U.S. homes. That's twice as many as millennials with kids, who own just 14.2% of the country's large homes, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Gen Zers with kids own almost none (0.3%) of them. An additional 7.5% of the country's large homes are owned by baby boomers with households of three adults or more; this category likely consis.

Empty Nesters Own Twice As Many Large Homes As Millennials With Kids

Disney

Roku

Snap

Upstart Holdings

The S&P 500 is closing in on a new all-time high. Several pandemic winners are still trading down substantially from their peaks.

5 Struggling Stocks to Buy at a Discount

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Nationwide, 88.5% of U.S. homeowners with mortgages have an interest rate below 6%, down from a record high of 92.8% in mid-2022, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That means more than 88.5% of homeowners with mortgages have a rate below the current weekly average of 6.66%, prompting many to stay put instead of selling and buying another home at a higher rate—a phenomenon called the “lock-.

Redfin Report: 89% of People With Mortgages Have an Interest Rate Below 6%, Down From a Record 93% in 2022

Zillow

Toll Brothers

Having increased seemingly month on month since the back-end of 2021, it looks like mortgage rates might finally be cooling. The 30-year fixed-rate average has fallen from a high of 7.79% at the start of November to 6.62% last week, and expectations are for this downward trend to continue through 2024.

3 stocks to watch as mortgage rates fall

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) —Pending U.S. home sales posted their smallest year-over-year decline in two years (-3%) during the four weeks ending January 7, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Mortgage-purchase applications are up 3% from a month ago, and Redfin's Homebuyer Demand Index—a seasonally adjusted measure of requests for tours and other buying services from Redfin's agents—is up 5% from a month ago. Redfin age.

Redfin Report: The New Year Brings an Uptick in Early-Stage Demand As Mortgage Payments Fall and More Homes Hit the Market

Antero Resources

ARK Innovation ETF

Realty Income Corp

Invesco QQQ

SL Green Realty

Simon Property Group

SPDR S&P 500 ETF Trust

iShares 20+ Year Treasury Bond ETF

Vornado Realty Trust

W. P. Carey

Energy Select Sector SPDR Fund

SPDR S&P Metals & Mining ETF

SPDR S&P Oil & Gas Exploration & Production ETF

Travis from KCI Research discusses being a contrarian investor and the importance of not chasing performance. REITs, yield and interest rates in 2024; advice for dividend investors.

KCI Research On REITs, Dividends And Contrarian Investing

Redfin has been leading the war on real estate fees, but its most exciting period could be just ahead. Management has done a great job of recovering from pandemic-era missteps.

Could Investing in This Technology Stock Make You a Millionaire?

The S&P 500 logged an impressive 26.3% gain in 2023, more than twice its long-term average. Many popular technology stocks are also trading near their best-ever levels, leaving investors wondering if there is still value in this market.

Why 2 Overlooked Technology Stocks Down 90% Might Be Among the Best Value Plays in 2024

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) —The median U.S. asking rent fell 0.8% year over year in December to $1,964, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That's the third consecutive decline, following a 2.1% annual drop in November—which was the largest since 2020—and a 0.3% dip in October. December rents were little changed from the prior month (-0.2%). The rental market has lost steam largely due to a jump in supply fueled by a bu.

Redfin Report: Renters Catch a Break as Costs Drop for Third Straight Month in December

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) —The median U.S. mortgage payment was $2,361 during the four weeks ending December 31, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That's down $372 (-14%) from October's all-time high to its lowest level in nearly a year. Early-stage homebuying demand is starting to pick up as buyers take advantage of lower rates and more homes to choose from (new listings are up 10% year over year). Redfin's Homebuye.

Redfin Reports Homebuyers' Monthly Payments Drop to Lowest Level in Nearly a Year, Bringing Back Some House Hunters

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — The share of U.S. homebuyers looking to move to a different metro area declined for the third straight month in November, dropping to 23.9%. That's the lowest share in a year and a half, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. It's down from 24.1% a year earlier–a tiny drop, but the first annual decline in Redfin's records–and down from a record high of 26% over the summer. Overall homebuying sl.

The Pandemic-Driven Migration Boom Is Waning, With the Share of Homebuyers Relocating at Lowest Level in 18 Months

Federal Home Loan Mortgage Corporation

Federal National Mortgage Association

Mortgage rates have fallen for the past nine straight weeks. Mortgage applications and new home listings have simultaneously surged.

Why Fannie Mae, Freddie Mac, and Redfin Soared This Week

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) —U.S. pending home sales have dropped 4% year over year during the four weeks ending December 24, the smallest decline since March 2022, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Redfin is taking a break from full analysis this week, but please see the bullet points and charts below for more housing-market data. Redfin will be back with commentary next week. Leading indicators Indicators of homebuyi.

Redfin Reports Homebuying Demand Shows Early Signs of Rebound Following Weeks of Declining Mortgage Rates and Increasing Listings

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) —Just 15.5% of homes for sale in 2023 were affordable for the typical U.S. household—the lowest share on record, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That's down from 20.7% in 2022 and more than 40% before the pandemic homebuying boom. The number of affordable homes for sale also dropped to the lowest level on record. There were 352,500 affordable listings in 2023, down 40.9% from 596,135 in 20.

Redfin Reports Only 16% of Home Listings Were Affordable for the Typical Household in 2023

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) —This week's falling mortgage rates, sizable year-over-year increases in both new listings and listing consults with Redfin agents, and surge in housing starts all suggest that 2023's frozen housing market is thawing. Sales are likely to climb after the typical holiday lull. That's all according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Monthly mortgage payments are dropping. Daily average mortgage rates drop.

Redfin Reports Declining Mortgage Rates Lure Sellers Off Sidelines, Paving the Way For 2024 Buyers

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — The Redfin Home Price Index— which is similar to but more current than the Case-Shiller price index—showed that U.S. home-price growth slowed for the third straight month in November. This is according to a recent report from Redfin (redfin.com), the technology-powered real estate brokerage. Home prices were up 0.6% from October, the smallest monthly increase since June, and were up 6.4% from a year earlier. “It's a better time to be a homebuyer than i.

News for Redfin Stock (RDFN)