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

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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

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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.

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) — More than one-quarter (25.8%) of homebuyers are looking to move to a different part of the country, a record-high share and up from 23.7% a year ago. That's according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. The portion of homebuyers looking to relocate has steadily risen since the pandemic began; the share stood at roughly 18% in 2018 and 2019. While a record share of homebuyers are looking to relocate, t.

Redfin Reports Myrtle Beach, SC Becomes Popular Homebuyer Migration Destination for First Time

D.R. Horton

Lennar

Zillow

Is the housing market about to crash? That question has been on the minds of many prospective homebuyers lately.

Housing Market Crash Alert: Home Sales Slump in July

Redfin reported that newly built homes are on the rise, accounting for nearly a third of single-family homes. It comes at a time when there is a severe shortage of existing homes.

New construction of homes keeping housing market 'afloat': Redfin

The housing market's remained tight this year following steep interest-rate increases.  High mortgage rates and price increases have meant fewer property listings.

The housing market is at 'rock bottom,' says Redfin's CEO, as high rates and prices take their toll

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Newly built homes made up nearly one-third (31.4%) of single-family homes on the market nationwide in the second quarter, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That's the highest share of any second quarter on record, with new construction keeping the housing market afloat amid the severe shortage of existing homes for sale. The portion of new homes of all inventory is up from 30.3% a year ear.

New Builds Make Up One-Third of Houses on the Market, With High Rates Locking Up Existing Inventory

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — The average teacher can afford just 12% of homes for sale within commuting distance of their school, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That's down from 17% last summer and 30% in 2019, before the pandemic homebuying boom drove up housing prices. Additionally, the average teacher can afford just over one-quarter (27%) of available rentals within commuting distance of their school. This is b.

The Typical Teacher Can Afford Just 12% of Homes for Sale Near Their School, Down From 30% in 2019

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — The typical home that sold in a high-opportunity U.S. neighborhood in 2022 went for $470,000, 38.2% more than the typical home that sold in a low-opportunity neighborhood, which went for $340,000. That's according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. The report is based on an analysis of home sales in 100 of the most populous U.S. metropolitan areas. Redfin sorted each neighborhood into one of three ti.

Redfin Report: Homes Cost 38% More in Neighborhoods That Offer the Best Shot at Upward Mobility

Lemonade

Your stocks might occasionally post bad results, but it's important to take a closer look.

2 of My Stocks Just Posted Disappointing Earnings -- Here's What I'm Doing With Them Now

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Just over 8% of U.S. homes are worth $1 million or more, near June 2022's all-time high of 8.6%, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. The share of homes worth seven figures is on the upswing after dipping to a 12-month low of 7.3% in February. That's because home prices are rising on a year-over-year basis after falling at the beginning of the year. The median U.S. home-sale price rose 3% in.

Redfin Reports Nearly 1 in 10 U.S. Homes Are Worth at Least $1 Million, Close to All-Time High

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — The total worth of U.S. homes hit a record $46.8 trillion in June, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. This overtakes the prior all-time high of $46.6 trillion set a year earlier, as a shortage of homes for sale propped up housing values. The value of U.S. homes rose 0.4% ($166.2 billion) from a year earlier in June and 19.1% ($7.5 trillion) from two years earlier. The housing market has now.

U.S. Housing Market Recovers the Nearly $3 Trillion It Lost, Hitting Record $47 Trillion in Total Value

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) — The median U.S. asking rent in July was $2,038, just $16 below the record high set in August 2022. That's according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. While rents are just shy of their all-time high, rent growth remains sluggish. The median asking rent was up just 0.3% from a year earlier in July, compared with a 13.6% annual gain in July 2022. Rent gains cooled over the past year due to an increase.

Redfin Reports Asking Rents Are Inching Closer to Their Record High

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) — The median U.S. home-sale price rose 3% year over year during the four weeks ending August 6, the biggest increase since November. That's according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Prices are rising much more in certain parts of the country, with double-digit increases in Miami and Milwaukee. Prices are increasing despite tepid homebuying demand, with some buyers still sidelined by stubbornly high.

Redfin Report: Low Demand + Lower Supply = High Prices

Wall Street analysts are debating if a bull market has officially begun yet, but it's definitely coming. A new bull market might coincide with improved economic conditions.

A Bull Market Is Coming: 1 Super Stock Down 88% to Buy Right Now

Redfin and Zillow Group‘s second-quarter earnings reports point to more pain in the real estate market as limited housing supply and climbing mortgage rates throttle transaction volume.

Zillow and Redfin earnings reports reflect slumping real estate market

Opendoor

Shares of tech-focused real-estate firm Redfin Corp. and online home-buying platform Opendoor Technologies Inc. were hit hard on Friday, after both companies a day earlier gave weaker-than-expected sales outlooks, as the housing market remains frozen in place.

Opendoor stock is on pace for its second-worst day ever, while Redfin is on pace for its third worst, as sales forecasts come up short

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

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.

News for Redfin Stock (RDFN)