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.

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Home sellers gave concessions to buyers in 35% of U.S. home sales during the three months ending Oct. 31, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That's little changed from 35.9% one year earlier but up from 27.6% two years earlier. This is according to data submitted by Redfin buyers' agents across the country, going back through 2020. A concession is recorded when an agent reports a seller pro.

Redfin Reports More Than One-Third of Home Sellers Are Giving Concessions to Buyers

SEATTLE--(BUSINESS WIRE)--Redfin Corporation (NASDAQ: RDFN) today announced that Chief Financial Officer Chris Nielsen will present at the following event: Needham 3rd Annual Consumer Tech / E-Commerce Virtual Conference Monday, November 20, at 1:30 p.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 Needham 3rd Annual Consumer Tech / E-Commerce Virtual Conference

Plus a look at three lessons from WeWork's bankruptcy filing.

Redfin's Opportunity?

Lennar

Opendoor

Rocket Companies, Inc.

RE/MAX Hld

SoFi Technologies

Toll Brothers

Addressing the much discussed but controversial topic of housing stocks to sell, it's important to stick with the facts. While promoting a doom-and-gloom narrative for its own sake doesn't offer much help, it's also unproductive to disseminate toxic positivity.

7 Housing Stocks to Sell as Interest Rates Go Out of Control

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) —Mortgage rates are falling quickly, dropping from a two-decade high of 8% to 7.4% in the last three weeks, giving homebuyers an opportunity to lock in a lower rate. That's according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. A series of macro-economic events and indicators helped bring rates down last week: The Fed decided against another interest-rate hike, the Treasury announced plans to issue less long-ter.

Redfin Report: It's the Best Time to Buy Since Mid-September, As Mortgage Rates Fall and Sellers Drop Prices

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Investor purchases of U.S. homes dropped 29.7% year over year in the third quarter, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Investors purchased 48,667 homes—the lowest level of any third quarter since 2016. By comparison, overall home purchases fell 22.2% to 305,219—the lowest third-quarter level since 2012. The seven metros where investor purchases declined fastest are all in the Sun Belt. Atla.

Investor Home Purchases Are Down Over 40% in Sun Belt Pandemic Boomtowns

SEATTLE--(BUSINESS WIRE)--Redfin Corporation (NASDAQ: RDFN) today announced that Chief Financial Officer Chris Nielsen will present at the following event: D.A. Davidson 2023 Tech Summit Thursday, November 16, at 9:30 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 with brokerage, rentals, lending,.

Redfin to Present at D.A. Davidson 2023 Tech Summit

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) — The median U.S. asking rent in October was $1,978, little changed (-0.3%) from a year earlier, but down 3.7% from the $2,054 record high set in August 2022. That's according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. It fell 1.6% from a month earlier, which is typical for this time of year. October marked the seventh straight month in which the median asking rent was little changed from a year earlier. The r.

Redfin Reports U.S. Asking Rents Remained Sluggish in October Amid Rising Vacancy Rate

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Just over one-third (34.1%) of U.S. home purchases in September were made in cash, up from 29.5% a year earlier and the highest share in nearly a decade. That's according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. All-cash purchases are making up a bigger piece of the homebuying pie for two major reasons. Affluent Americans who can afford to pay cash are more apt to buy homes in such an expensive housing mar.

1 in 3 U.S. Homebuyers Are Paying All Cash, the Highest Share in Nearly a Decade

Redfin just reported its financial results for the third quarter of 2023 (ended Sept. 30). The company's revenue dipped due to tough conditions in the real estate market, but its profitability metrics all improved.

1 Super Stock to Buy Hand Over Fist In November Like It's Going Out of Fashion

Mortgage rates continued to rise, and existing home sales fell again last month. The stock fell on a $1.8 billion verdict against the National Association of Realtors.

Why Redfin Stock Lost 34% in October

There's one sign after another, it seems, pointing to a housing market crash in 2024 or even this year. Not long ago, the 30-year fixed mortgage interest rate hovered near 8%.

Housing Market Crash Alert: Sellers Show Signs of Pain Ahead

Redfin is making progress toward revenue growth again. The company reported positive adjusted EBITDA in the quarter and market share gains.

Why Redfin Stock Catapulted Higher Today

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — The median sale price of luxury U.S. homes rose 9% year over year to $1.1 million in the third quarter, while the median sale price of non luxury homes climbed 3.3% to $340,000. Both were at the highest level of any third quarter on record, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. 43% of Luxury Home Purchases Are Paid for in Cash, Up From 35% Last Year “Wealthy homebuyers have more tools to weath.

Redfin Reports Luxury Home Prices Are Outperforming as Affluent Buyers Dodge High Mortgage Rates

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) —Nearly 7% of for-sale homes posted a price drop during the four weeks ending October 29, on average, the highest portion on record. That's according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. The record comes as mortgage rates hover at elevated levels, hitting their highest level in 23 years last week and cutting deep into buyers' budgets. High rates have forced some sellers to lower their asking price to mak.

Redfin Reports a Record Share of Home Sellers Drop Prices as High Rates Cut Into Buyers' Budgets

The headline numbers for Redfin (RDFN) give insight into how the company performed in the quarter ended September 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Redfin (RDFN) Reports Q3 Earnings: What Key Metrics Have to Say

Redfin Corporation. (NASDAQ:RDFN ) Q3 2023 Earnings Conference Call November 2, 2023 4:30 PM ET Company Participants Meg Nunnally - Head of Investor Relations Glenn Kelman - President and Chief Executive Officer Chris Nielsen - Chief Financial Officer Conference Call Participants Jason Helfstein - Oppenheimer Wyatt Swanson - D.A.

Redfin Corporation (RDFN) Q3 2023 Earnings Call Transcript

Compass

Real estate stocks stand to benefit if the Fed is done raising rates. Existing home sales have been crushed by rising mortgage rates.

Why Opendoor, Redfin, and Compass Stocks All Jumped Today

Redfin met expectations for its third quarter earnings report with $269 million in revenue, down 12% year-over-year, and a net loss of $19 million, compared to $90.

Redfin revenue dips 12% in Q3 to $269M as it navigates slow housing market

SEATTLE--(BUSINESS WIRE)--Redfin Corporation (NASDAQ: RDFN) today announced results for its third quarter ended September 30, 2023. Third Quarter 2023 Third quarter revenue was $269.0 million, a decrease of 12% compared to the third quarter of 2022. Gross profit was $98.3 million, an increase of 8% year-over-year. Real estate services gross profit was $54.1 million, a decrease of 2% year-over-year, and real estate services gross margin was 30%, compared to 26% in the third quarter of 2022. Net.

Redfin Reports Third Quarter 2023 Financial Results

Zillow

Shares of real-estate names plunged Tuesday following a jury ruling that has the potential to shake up the way people purchase homes.

Here's why Zillow, Redfin and other real-estate stocks tanked after a jury ruling

All housing brokerage firms were down today in the wake of a major court decision. It adds insult to injury during the most challenging housing environment in years.

Why Redfin, Opendoor, and Zillow Plunged Today

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Nationwide, 30.6% of U.S. single-family homes for sale in the third quarter were new construction, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That's the highest share of any third quarter on record and up from 28.9% one year earlier and 25% two years earlier. Newly built homes have taken up a growing share of for-sale housing inventory partly because homebuilding has increased and partly because th.

Almost a Third of Homes for Sale Are New Construction—the Highest Share of Any Third Quarter on Record

Redfin's sales commissions are lower than the industry average. After winding down its RedfinNow division, brokerage services are the company's key revenue driver.

3 Things the Smartest Investors Know About Redfin

Redfin aims to be profitable next year. Is that still on track?

News for Redfin Stock (RDFN)