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

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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

Gross profit

Operating expenses

SG&A

Operating income

EBITDA

Net income

Earnings per share

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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 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.

Redfin Home Price Index: November Marked Third Straight Month of Slowing Price Growth as Supply Crunch Eased

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — New listings and pending home sales both climbed to the highest level in roughly a year in November as buyers and sellers got tired of waiting on the sidelines and mortgage rates ticked down. That's according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Home prices also jumped, posting the biggest year-over-year increase since late 2022. New listings rose 1.3% month over month to the highest level since Octobe.

Falling Mortgage Rates Breathe New Life Into Housing Market as Listings, Pending Sales and Price Growth Hit Highest Level in Roughly a Year

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) —Daily average mortgage rates have fallen to 6.82% and housing payments have dropped to their lowest level since April. That's according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. This marks the first time daily rates have dipped below 7% since July. Rates dropped after the Fed brought good news to homebuyers at its December 13 meeting, indicating they're on a path toward lowering interest rates more and soone.

Redfin Reports Mortgage Rates and Housing Payments Drop to Lowest Level Since Spring

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — The median U.S. asking rent declined 2.1% year over year in November to $1,967—the biggest annual drop since February 2020—according to a report from Redfin (redfin.com), the technology-powered real estate brokerage. This is a 0.6% decline in asking rents since October. The rental market has lost momentum over the last year and a half in large part because there are more apartments on the market—the result of a building boom in recent years. This jump.

The Tide Turns for Renters as Asking Rents Post Biggest Decline in Over 3 Years

American States Water

Tilray Brands

The Dow Jones Industrial Average hit a market low on March 20, 2020 as the pandemic gripped the country. Afterwards it went on an amazing bull run that, despite last year's bear market, still saw the venerable index gain 90%.

3 Small-Cap Stocks to Scoop Up Before the New Year

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Redfin (www.redfin.com) today announced it is expanding its new agent compensation plan to San Diego and Orange County, California. Under the new plan, rebranded to Redfin Next, agents earn competitive splits as high as 75%, 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 initially announced the plan in San Francisco and Lo.

Redfin Extends New Agent Pay Plan in Southern California Offering Big Splits with Zero Expenses

This real estate disruptor has done a great job of turning things around.

This Stock Is Up 80% in 2023 -- but Could Have Another Great Year in 2024

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Today Redfin (redfin.com) launched Redfin Redesign, an AI-powered tool that lets consumers change the appearance of walls, floors and countertops in home photos. Powered by Roomvo (roomvo.com), a leading home visualization platform, the feature empowers home searchers to envision the potential of a home, identify which homes they are serious about touring or buying, and experiment with design styles. The feature is available for all active Redfin listi.

Redfin Launches AI-Powered Tool to Redesign Listing Photos

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — 2023 has been the least affordable year to buy a home in Redfin's records, but things are looking up for 2024, according to a report from Redfin (redfin.com), the technology-powered real estate brokerage. Someone making the $78,642 median U.S. income in 2023 would've had to spend 41.4% of their earnings on monthly housing costs if they bought the $408,806 median-priced U.S. home. That's the highest share on record and is up from 38.7% in 2022. Data for.

Redfin Reports 2023 Has Been The Least Affordable Year for Homebuying on Record—But 2024 Is Looking Up

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) —Homebuying is becoming more affordable as mortgage rates continue declining—the median U.S. housing payment was $2,561 during the four weeks ending December 3, down $177 from the record high they hit in October. This according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That's spurring action from sidelined homebuyers and sellers. Mortgage-purchase applications are up 15% from the 28-year low they dropped to a.

Redfin Report: Buyers Get an Early Holiday Gift as Rates Come Down and New Listings Rise

Redfin has nearly doubled in 2023 as the company's efforts to cut costs and refocus the business have paid off. There are some big catalysts that could take Redfin to the next level in 2024 and beyond.

Investors Should Pay Attention to This Out-of-Favor Stock in 2024 -- Here's Why

Opendoor

Upstart Holdings

Upstart was once profitable and growing quickly, but rising interest rates tanked the stock. Redfin stock should rebound once mortgage rates start to come down.

3 Top Stocks That Could Double in 2024

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Signs point to a shift toward a buyer's market in 2024 as pandemic-driven inflation takes its last gasps, mortgage rates come down and more people list their homes for sale. That's according to annual end-of-year predictions from Redfin (redfin.com), the technology-powered real estate brokerage, which expects these trends to continue in the new year, ushering in a season of hope for aspiring homebuyers. And there's more reason to be optimistic about 20.

Redfin Predicts 2024 Will Be the Year Homebuyers Catch a Break, With Home Prices Falling and New Listings Rising

The Nasdaq-100 index plunged 33% in 2022 as the Federal Reserve started rapidly increasing interest rates. But most experts believe the Fed is now done, and the index has bounced back ferociously in 2023.

History Says The Nasdaq-100 Could Be on the Cusp of a 6-Year Win Streak. Here's 1 Stock to Buy Right Now

Home Depot

The very sharp increase in interest rates since March 2022 has caused the number of home sales to plunge. That's because many consumers prefer to stay in their current homes.

3 Stocks Taking It on the Chin as Pending Home Sales Fall to 2001 Lows

Disney

Adding to your winners is a proven strategy for success in the stock market. After a year of cost-cutting and restructuring, Disney is ready to return to growth.

News for Redfin Stock (RDFN)