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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Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

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Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

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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.

Redfin reported second-quarter earnings that beat expectations on the top and bottom lines. Declining market share and a longer timetable to profitability disappointed investors.

Here's Why Redfin Is Plunging Today

Redfin stock plunged as much as 24% Friday following a downbeat earnings report. Second-quarter revenue dropped 21% compared to 2022.

The sluggish housing market is weighing on Redfin's stock as home sales 'near rock bottom'

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) — The typical U.S. homebuyer's monthly mortgage payment was $2,605 during the four weeks ending July 30, up 19% from a year earlier and down just $32 from early July's all-time high. That's according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Housing payments remain historically high because mortgage rates remain elevated, with weekly average rates clocking in at 6.9% this week, and home prices are on the rise.

Redfin Reports The Typical U.S. Homebuyer's Monthly Payment Is Up Nearly 20% From a Year Ago As Prices Rise

Redfin Corporation (NASDAQ:RDFN ) Q2 2023 Earnings Conference Call August 3, 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 Ygal Arounian - Citi AJ Hayes - Stephens Stefanos Crist - Needham & Company Operator Good day ladies and gentlemen and welcome to the Redfin Corporation Second Quarter 2023 Earnings Conference Call. Our host for today's call is Meg Nunnally, Head of Investor Relations.

Redfin Corporation (RDFN) Q2 2023 Earnings Call Transcript

Redfin shares dropped more than 10% in after-hours trading Thursday after the company reported a 21% drop in revenue as it continues to face headwinds from a slumping housing market.

Redfin shares sink 10% as CEO says housing market sales volume is ‘near rock bottom'

Redfin Corp.'s stock RDFN, +0.14% slid 10% in after-hours trade Thursday, after the real estate company said it will take longer to break even than expected after it lost market share in its latest quarter. Seattle-based Redfin had a net loss of $27.7 million, or 25 cents a share, for the second quarter, narrower than the loss of $74.9 million, or 73 cents a share, posted in the year-earlier period.

Redfin's stock slides 10% after-hours after company says it lost market share in latest quarter

SEATTLE--(BUSINESS WIRE)--Redfin Corporation (NASDAQ: RDFN) today announced results for its second quarter ended June 30, 2023. Second Quarter 2023 Second quarter revenue was $275.6 million, a decrease of 21% compared to the second quarter of 2022. Gross profit was $100.2 million, a decrease of 10% year-over-year. Real estate services gross profit was $56.2 million, a decrease of 24% year-over-year, and real estate services gross margin was 31%, compared to 29% in the second quarter of 2022. Ne.

Redfin Reports Second Quarter 2023 Financial Results

Zillow

Seattle real estate giants Zillow Group and Redfin announced a rare syndication partnership Tuesday related to the sharing of new construction listings.

Real estate rivals Zillow and Redfin partner to share new construction listings

Zillow Group Inc. Z, +2.16% ZG, +1.73% and Redfin Corp. RDFN, +0.40% announced a partnership Tuesday, as the real estate information and services companies work together to help home builders connect with home buyers. Zillow's stock rallied 2.3% in afternoon trading toward a 16-month high, while Redfin shares were little changed.

Zillow, Redfin announce a partnership aimed at connecting home builders with home buyers

Home builders partnering with Zillow will now have their listings and communities automatically syndicated to Redfin, expanding the visibility of these homes to potential buyers SEATTLE , Aug. 1, 2023 /PRNewswire/ -- Zillow® Group's new-construction listings will soon be automatically syndicated to Redfin, connecting home builders with motivated buyers on both platforms. The strategic partnership will dramatically expand the reach of home builder listings on Zillow and allow Redfin customers to explore a broader range of new-construction homes for sale, creating a seamless home-buying experience.

Zillow and Redfin announce partnership to help buyers and home builders connect

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Redfin (redfin.com), the technology-powered real estate brokerage, is now publishing wind risk data provided by First Street Foundation for nearly every for-sale U.S. property listed on Redfin.com. “Redfin strives for relentless transparency around climate risks for folks on their home-searching journey,” said Redfin Vice President of Product Ariel Dos Santos. “As climate disasters such as hurricanes become more severe and frequent, it's critical that.

Redfin Publishes Wind Factor Data From First Street Foundation to Show Damage Potential for Homes

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — A first-time homebuyer must earn roughly $64,500 per year to afford the typical U.S. “starter” home, up 13% ($7,200) from a year ago, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That's due to the one-two punch of higher mortgage rates and higher home prices. The typical starter home sold for a record $243,000 in June, up 2.1% from a year earlier and up more than 45% from before the pandemic. Average.

First-Time Buyers Need to Earn 13% More Than a Year Ago to Afford the Typical U.S. Starter Home

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) — The typical U.S. home sold for roughly $382,000 during the four weeks ending July 23, up 2.6% from a year earlier, the biggest increase since November. That's according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Still, homebuyers are getting a bit of relief as mortgage rates inch down from the eight-month high hit a few weeks ago. The typical monthly mortgage payment is $2,599 at today's average weekly rate,.

Redfin Reports Home Prices Are Up 3% Year Over Year, Biggest Increase Since November

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Luxury home prices in San Francisco are falling faster than anywhere else in the nation, according to a new report from Redfin (www.redfin.com), the technology-powered real estate brokerage. The median sale price of luxury homes in San Francisco fell a record 12.7% year over year to $4.8 million in the second quarter—the largest decline among the 50 most populous U.S. metropolitan areas. While $4.8 million may not sound like a bargain, it is compared w.

Luxury Home Prices Post Double-Digit Drops in the Bay Area, Seattle

Corebridge Financial Inc

Community Health Systems

CRBG, RDFN and CYH are three of the best and cheapest stocks that have long-term prospects and can be invested in.

3 Must-Buy Under $20 Stocks as Inflation Subsides

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — The most flood-prone U.S. counties saw 384,000 more people move in than out in 2021 and 2022—a 103% increase from the prior two years, when 189,000 more people moved in than out, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. The same trend took hold in the places most vulnerable to wildfires and heat as the pandemic homebuying boom and a housing affordability crisis pushed Americans into disaster-pron.

Redfin Reports Migration Into America's Most Flood-Prone Areas Has More Than Doubled Since the Start of the Pandemic

SEATTLE--(BUSINESS WIRE)--Redfin Corporation (NASDAQ: RDFN) will release second-quarter 2023 results after the stock market closes on Thursday, August 3, 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 pe.

Redfin to Announce Second-Quarter 2023 Results on August 3, 2023

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) — The typical U.S. home sold for $382,500 during the four weeks ending July 16, up 2.1% from a year earlier. That's the biggest increase since December 2022 and the second straight price uptick after nearly five months of declines, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Prices are rising substantially in some metro areas, including Milwaukee, where the housing market remained relatively steady th.

Redfin Reports Home Prices Climb 2% From a Year Ago, With Low Supply Fueling Competition

Opendoor

"We think the housing market recovery is more than priced into the shares," an analyst says.

Sell Opendoor and Redfin, Analyst Says. The Rally Is Overdone.

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Roughly 14 of every 1,000 U.S. homes changed hands during the first six months of 2023, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That's down from 19 of every 1,000 during the same period of 2019 and the lowest turnover rate in at least a decade. In 2018, Freddie Mac estimated that about 2.5 million more homes needed to be built to meet demand, with the shortfall mainly due to a lack of constructi.

Just 1% of U.S. Homes Have Changed Hands This Year, the Lowest Share in at Least a Decade

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — A record low number of homes for sale combined with an uptick in homebuyer demand propped up housing prices in June, even as elevated mortgage rates kept many buyers on the sidelines. That's according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. The median U.S. home sale price was $426,056 in June, just 1.5% ($6,341) below the all-time high of $432,397 set in May 2022. June's median sale price was down 0.6% fr.

Homes Are Selling for Near-Record Highs as Supply Falls to New Low, Demand Picks Up

Redfin Stock Is Up 291%: Screaming Buy or Warning Signs?

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) — The median U.S. home-sale price rose 1.5% from a year earlier during the four weeks ending July 9, the first increase in nearly five months. That's according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Average weekly mortgage rates are at their highest level since November 2022, bringing the typical homebuyer's monthly payment to a near-record-high of $2,627. To look at the hit on affordability another way, a.

Redfin Reports U.S. Home Prices Rise For the First Time in Nearly Five Months

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) — The U.S. rental market has been slowing for more than a year, but the median asking rent is still only $24 below its record high. That's according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. The median asking rent was $2,029 in June, little changed from $1,995 one month earlier, $2,019 one year earlier and a record high of $2,053 set in August 2022. In percentage terms, rents were up 0.5% year over year in Ju.

Redfin Reports The Typical U.S. Asking Rent Is Only $24 Below Its Record High

DA Davidson analyst Tom White downgraded shares of Redfin to Underperform from Neutral.

News for Redfin Stock (RDFN)