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

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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) —The median U.S. home sale price fell 4.1% ($17,603) year over year in April to $408,031, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That's the biggest drop on record in dollar terms and the largest decline since January 2012 in percentage terms. April marked the third consecutive month of year-over-year declines following roughly a decade of increases. Home prices fell from a year earlier because el.

Redfin Reports Homes in Austin and Boise are Selling for $80,000 Less Than a Year Ago

Confluent

DigitalOcean Holdings

Many individual technology stocks are still heavily beaten down after a tough 2022. But a stumbling stock price doesn't always reflect the strength of a company's underlying business.

3 Super Stocks Down 70% to 88% You'll Wish You'd Bought on the Dip

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — There are just four major U.S. metropolitan areas where it would be cheaper to buy than rent the typical home—that is, the typical home has an estimated monthly mortgage cost lower than its estimated monthly rental cost. That's according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. In Detroit, the typical home is 24% less expensive to buy than rent—the largest discount in percentage terms among the 50 most pop.

Redfin Reports There Are Only Four Major U.S. Metro Areas Where It's Cheaper to Buy a Home Than Rent

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) — The median U.S. home-sale price fell 2.7% during the four weeks ending May 14, the smallest decline in over a month. That's according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Monthly mortgage payments hit a record high due to still-high prices and elevated mortgage rates. On a local level, home prices are declining in 28 of the 50 most populous U.S. metros, down from a high of 32 metros at the end of April.

Redfin Reports Fewer Metros Are Seeing Home-Price Declines As Lack of Inventory Keeps Prices Afloat

Lennar

Rocket Companies, Inc.

EZCORP

Nordstrom

SoFi Technologies

Vroom

If we follow the common wisdom, the Federal Reserve raised interest rates in what could be its last major action against inflation, which would then make stocks to sell in a hawkish environment seem completely irrelevant. For what it's worth, I hope that this list of publicly traded enterprises to watch out for ages like milk.

7 Stocks to Sell if the Fed Keeps Raising Interest Rates

The real estate disruptor has rebounded nicely, but does it have a bright future?

Redfin Is Up 165% in 2023 -- Could It Still Be a Long-Term Bargain?

Baidu

Exelixis

Innovative Industrial Properties

Pinterest

The stock market is unpredictable over short periods, as evidenced by the Nasdaq Composite losing a third of its value in 2022. Conversely, stock indexes are highly predictable over long periods and have, eventually, recouped all losses associated with previous corrections and bear markets.

Nasdaq Bear Market: 5 Exceptional Growth Stocks You'll Regret Not Buying on the Dip

A pair of analysts got more bullish on the real estate portal operator. This followed the previous week's earnings release.

Why Redfin Stock Blasted Almost 13% Higher This Week

SEATTLE--(BUSINESS WIRE)--Redfin Corporation (NASDAQ: RDFN) today announced that Chief Financial Officer Chris Nielsen will present at the following event: 18th Annual Needham Technology & Media Conference Thursday, May 18, at 10:15 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.

Redfin to Present at 18th Annual Needham Technology & Media Conference

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) — The median U.S. asking rent rose 0.3% year over year to $1,967 in April—the 11th-consecutive month of slowing growth, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That compares to a revised increase of 1.4% one month earlier and a 16% increase one year earlier. On a month-over-month basis, the median asking rent fell 0.2%, which is notable because rents typically rise at this time of year. An expandi.

Redfin Reports Asking Rents Flattened in April as Landlords Faced Rising Vacancies

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) — Limited inventory and elevated mortgage rates continue to suppress U.S. home sales as we enter the heart of spring, typically a hot homebuying season, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. But buyers and sellers can at least take a little comfort in knowing the Federal Reserve probably won't raise interest rates again anytime soon. This week's inflation report shows a slight slowdown in price.

Redfin Reports Limited Listings Lead to Few But Fast Home Sales

Opendoor

Opendoor and Redfin are both up sharply today. The moves come a few days after strong earnings reports, but new economic data is fueling investor optimism.

Is Real Estate Back? Here's Why Opendoor and Redfin Are Soaring

Redfin's revenue fell 45% in Q1, yet its stock jumped 37% after the market found out. The company's bottom-line losses improved significantly, and it might even be EBITDA positive this year.

Redfin's Revenue Just Crashed 45%, but Here's Why Its Stock Price Absolutely Soared

Zillow

Last week's earnings announcements from Redfin and Zillow Group suggest a prolonged slowdown in housing market activity.

What Redfin and Zillow earnings say about the state of the housing market

Redfin is still facing a tough real estate market, but the company is taking steps toward increased efficiency. Management is targeting positive adjusted EBITDA for the year.

Why Redfin Stock Jumped Today

Redfin Corporation shares powered 37% higher to $9.66 on Friday after the brokerage and real estate listings company reported first-quarter 2023 revenue of $325.7 million, down from $597.4 million a year earlier but better than the $314.1 million expected by analysts polled by FactSet. Redfin also saw its first-quarter loss shrink to $60.8 million, or $0.55 a share, from a loss of $91.6 million, or $0.86 a share, during the same period last year.

Redfin stock surges as 1Q financial results beat estimates

The stock's stellar performance arrives a day after the company posted a narrower-than-expected loss for its first quarter.

Redfin Stock Is Soaring on Earnings, Upgrade

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) — Elevated mortgage rates are prompting many homeowners to stay put, resulting in bidding wars as buyers compete for a small pool of homes, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. But buyers and sellers can at least take a little comfort in knowing the Federal Reserve probably won't raise interest rates again anytime soon. “While a pause in Fed rate hikes doesn't mean a significant drop in mortgag.

Redfin Reports Homes Sell Quickly as Historic Drop in Listings Fuels Competition Among Buyers

The slumping housing market hasn't been kind to Redfin's business.

Redfin CEO says housing downturn made real estate giant ‘leaner, hungrier and better'

Redfin Corporation. (NASDAQ:RDFN ) Q1 2023 Earnings Conference Call May 4, 2023 4:30 PM ET Company Participants Meg Nunnally - Head of IR Glenn Kelman - President, CEO and Director Chris Nielsen - CFO Conference Call Participants John Campbell - Stephens Ygal Arounian - Citigroup Curtis Nagle - Bank of America Ryan McKeveny - Zelman & Associates Operator Greetings, and welcome to the Redfin Corporation Q1 2023 Earnings Conference Call.

Redfin Corporation (RDFN) Q1 2023 Earnings Call' Transcript

Redfin (RDFN) came out with a quarterly loss of $0.93 per share versus the Zacks Consensus Estimate of a loss of $1.01. This compares to loss of $0.82 per share a year ago.

Redfin (RDFN) Reports Q1 Loss, Tops Revenue Estimates

Several key sources indicated that home sales declined again in March, pointing to weak demand. High interest rates and slowing economic growth are crushing demand for housing.

Here's Why Redfin Shares Dropped 18% in April

SEATTLE--(BUSINESS WIRE)--Redfin Corporation (NASDAQ: RDFN) today announced results for its first quarter ended March 31, 2023. First Quarter 2023 First quarter revenue was $325.7 million, a decrease of 45% compared to the first quarter of 2022. Gross profit was $56.2 million, a decrease of 23% year-over-year. Real estate services gross profit was $15.8 million, a decrease of 33% year-over-year, and real estate services gross margin was 12%, compared to 13% in the first quarter of 2022. Net los.

Redfin Reports First Quarter 2023 Financial Results

Even after a 90% decline from the highs, I think this real estate disruptor has a bright future.

Here's Why I Still Own Redfin

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Redfin (redfin.com), the technology-powered real estate brokerage, today launched a ChatGPT plugin to help people find homes that are a great fit for them. The Redfin ChatGPT plugin was built with OpenAI, an AI research and deployment company, and is available now for eligible ChatGPT users to install and enable from the Plugin store. Anyone can join the waitlist to get access in the future. People can use the Redfin ChatGPT plugin to describe their id.

News for Redfin Stock (RDFN)