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.

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

Opendoor

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?

Can Redfin Succeed If the Real Estate Market Stays Slow?

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — In Albany, NY, the typical home that sold in September went under contract in just eight days, making it the fastest market in the country, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Next came Rochester, NY (9), Grand Rapids, MI (9) Buffalo, NY (11), San Jose, CA (12) and Seattle (12). Aside from Seattle and San Jose, all of the six fastest markets have median home sale prices well below the nation.

Homes in Upstate New York Sell in Roughly a Week While in Austin It Takes Nearly Two Months

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) — New listings of homes for sale rose 0.3% from a year earlier during the four weeks ending October 22—a small increase, but the first since July 2022. That's according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage.. More homeowners are putting their homes on the market as mortgage rates remain elevated near 8%. Some sellers are accepting that rates are unlikely to meaningfully decline anytime soon and finally par.

Redfin Reports Buyers Get Some Relief As New Listings Finally Increase, More Sellers Drop Prices

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — More homebuyers looked to leave Austin, TX than move in during the third quarter, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That's the first time on record there hasn't been a net inflow into the Texas capital. Redfin's records go back through 2017. The number of Austin-based Redfin.com users looking for homes outside the metro area has more than doubled over the last year. This marks a stark reve.

Austin, Once a Migration Hotspot, Is Losing Homebuyers to Other Cities For First Time on Record

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Redfin (www.redfin.com) today announced Redfin Max, a new pay plan for agents. With Redfin Max, 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 Max is launching in San Francisco and Los Angeles and Redfin plans to expand it over time. Agents can connect with Redfin to learn abo.

Redfin Announces Redfin Max, a Game-Changing Pay Plan for Agents

Redfin is getting a $250 million infusion from Apollo Capital Management. The company plans to use the cash to pay down its convertible debt.

Why Redfin Stock Was Gaining Today

Logitech

Shares in Logitech International LOGI, -1.19% surged 11% after the keyboard and computer mouse seller lifted its full-year guidance on publication of its second-quarter results.

Logitech shares surge after computer mouse seller lifts full-year guidance as Redfin stock boosted by Apollo financing

Shares of Redfin Corp. jumped more than 12% in the extended session Monday after news that Apollo Global Management has agreed to commit up to $250 million in financing for the real-estate brokerage.

Redfin's stock rallies more than 12% after Apollo throws real-estate brokerage a lifeline

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — New listings climbed 1.4% month over month in September, the largest increase since February 2022 on a seasonally adjusted basis, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That's a glimmer of relief for homebuyers, who for months have been waiting for more homes to hit the market. “A lot of Americans are sitting on piles of money in their homes, and some are opting to cash out even if it means giv.

Redfin Reports New Listings and Pending Sales Ticked Up in September, But Deals Were Canceled at Highest Rate in Almost a Year

Redfin announced multiple concerning real estate headlines this week, highlighting a 15-year low for home sales with mortgage rates hitting 8%. The online real estate platform also published research showing the average homebuyer must earn nearly $115,000 per year to afford a median-priced home.

Why Redfin Stock Fell 14% This Week

SEATTLE--(BUSINESS WIRE)--Redfin Corporation (NASDAQ: RDFN) will release third-quarter 2023 results after the stock market closes on Thursday, November 2, 2023. The company will host a live webcast of its conference call to discuss the results at 1:30 p.m. Pacific Time / 4:30 p.m. Eastern Time. Participants may access the live webcast on Redfin's Investor Relations website at http://investors.redfin.com. About Redfin Redfin (www.redfin.com) is a technology-powered real estate company. We help p.

Redfin to Announce Third-Quarter 2023 Results on November 2, 2023

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) — This year is likely to end with roughly 4.1 million existing home sales nationwide, the fewest since the housing bubble burst in 2008 after the subprime mortgage crisis. That's according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. What Redfin economists say: “Buyers have been in a bind all year,” said Chen Zhao, Redfin's economic research lead. “High mortgage rates and still-high prices are making it harder t.

Redfin Reports 2023 on Pace For Fewest Home Sales Since 2008 As Mortgage Rates Hit 8%

Offerpad Solutions

US mortgage rates are soaring as investors predict that the Federal Reserve will continue hiking rates for longer. They jumped to 8% on Thursday for the first time in 23 years.

US mortgage rates hit 8%: Is it safe to buy RDFN, COMP, OPAD, OPEN stocks dip?

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — A homebuyer must earn $114,627 to afford the median-priced U.S. home, up 15% ($15,285) from a year ago and up more than 50% since the start of the pandemic, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That's the highest annual income necessary to afford a home on record. “In a homebuyer's ideal world, rising mortgage rates would push demand and home prices down enough to make up for high interest pa.

Redfin Reports That Homebuyers Must Earn $115,000 to Afford the Typical U.S. Home—About $40,000 More Than the Typical American Household Earns

D.R. Horton

Home Depot

iShares U.S. Home Construction ETF

Lennar

PulteGroup

Toll Brothers

Shares of homebuilders took a broad beating Thursday, as mortgage rates kept rising to a 23-year high, and prompting more home buyers to back off. The iShares Home Construction ETF ITB, -4.82% dropped 5.2% toward a four-month low in afternoon trading, the biggest one-day drop in 13 months, with all 46 equity components losing ground.

Homebuilder stocks crumble as mortgage rates surge and as home buyers retreat

Fathom Holdings

Clipper Realty

NETSTREIT Corp

RE/MAX Hld

The most oversold stocks in the real estate sector presents an opportunity to buy into undervalued companies.

News for Redfin Stock (RDFN)